Latest Ratios: P/E Ratio 3.4x · EV/EBITDA 1.6x · ROE 12.0%. (2004–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $2.3B | $2.3B | $2.3B | $2.4B | $3.1B | $3.0B | $3.0B | $2.5B | $3.0B | — |
| Enterprise Value | $1.9B | $2.2B | $1.7B | $1.2B | $1.3B | $3.3B | $2.8B | $4.2B | $1.3B | $3.0B | — |
| P/E Ratio → | 3.38 | 3.54 | 3.27 | 4.80 | 3.79 | 3.92 | 6.32 | 7.01 | 6.51 | 17.47 | — |
| P/S Ratio | 0.32 | 0.36 | 0.38 | 0.45 | 0.52 | 0.65 | 0.79 | 0.86 | 0.78 | 1.01 | — |
| P/B Ratio | 0.38 | 0.40 | 0.40 | 0.44 | 0.44 | 0.59 | 0.71 | 0.82 | 0.10 | 0.13 | — |
| P/FCF | 1.68 | 1.90 | 3.25 | 5.21 | 3.30 | 3.11 | 2.20 | 29.31 | 4.44 | 2.88 | — |
| P/OCF | 1.60 | 1.81 | 2.94 | 4.67 | 2.96 | 2.62 | 2.09 | 11.57 | 3.72 | 2.80 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.34 | 0.29 | 0.24 | 0.29 | 0.69 | 0.72 | 1.18 | 0.40 | 1.01 | — |
| EV / EBITDA | 1.65 | 1.88 | 1.46 | 1.31 | 1.25 | 2.67 | 3.35 | 5.19 | 1.76 | 5.59 | — |
| EV / EBIT | 1.80 | 2.30 | 1.57 | 1.43 | 1.34 | 2.81 | 3.62 | 5.57 | 1.86 | 6.09 | — |
| EV / FCF | — | 1.82 | 2.46 | 2.74 | 1.87 | 3.32 | 2.02 | 40.49 | 2.26 | 2.89 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.3% | 84.3% | 82.6% | 83.2% | 94.0% | 97.3% | 96.6% | 94.5% | 94.9% | 98.1% | 97.9% |
| Operating Margin | 16.8% | 16.8% | 18.4% | 16.6% | 22.0% | 24.5% | 19.9% | 21.3% | 21.4% | 16.7% | 2.2% |
| Net Profit Margin | 10.8% | 10.8% | 12.3% | 10.1% | 14.5% | 17.2% | 13.2% | 12.7% | 12.3% | 6.1% | 5.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.0% | 12.0% | 13.3% | 9.8% | 12.5% | 17.4% | 12.7% | 3.1% | 1.6% | 0.8% | 1.3% |
| ROA | 1.7% | 1.7% | 1.9% | 1.4% | 1.9% | 2.7% | 1.9% | 3.4% | 35.1% | 37.3% | 2.0% |
| ROIC | 10.2% | 10.2% | 10.6% | 9.0% | 10.7% | 12.5% | 9.1% | 3.5% | 2.1% | 1.6% | 0.4% |
| ROCE | 2.6% | 2.6% | 2.8% | 2.3% | 2.8% | 4.0% | 2.9% | 5.8% | 64.1% | 114.8% | 0.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.37 | 0.46 | 0.22 | 0.45 | 0.52 | 0.66 | 0.03 | 0.03 | 0.04 |
| Debt / EBITDA | 1.87 | 1.87 | 1.80 | 2.58 | 1.09 | 1.91 | 2.68 | 3.02 | 1.16 | 1.46 | 6.18 |
| Net Debt / Equity | — | -0.02 | -0.10 | -0.21 | -0.19 | 0.04 | -0.06 | 0.31 | -0.05 | 0.00 | -0.01 |
| Net Debt / EBITDA | -0.09 | -0.09 | -0.47 | -1.18 | -0.95 | 0.17 | -0.30 | 1.43 | -1.69 | 0.02 | -2.39 |
| Debt / FCF | — | -0.09 | -0.79 | -2.47 | -1.43 | 0.21 | -0.18 | 11.18 | -2.17 | 0.01 | — |
| Interest Coverage | 1.16 | 1.16 | — | — | — | — | — | — | — | — | 0.86 |
Net cash position: cash ($2.3B) exceeds total debt ($2.2B)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — | 2.10 | — | 2.25 | 36.92 | 12.69 | 15.61 |
| Quick Ratio | — | — | — | — | — | 2.10 | — | 2.25 | 36.92 | 12.69 | 15.61 |
| Cash Ratio | — | — | — | — | — | 2.30 | — | 2.51 | 39.46 | 14.34 | 16.86 |
| Asset Turnover | — | 0.15 | 0.15 | 0.14 | 0.12 | 0.14 | 0.14 | 0.14 | 1.82 | 6.12 | 3.99 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 31.1% | 38.3% | 25.8% | 12.4% | 14.6% | 13.2% | 11.2% | 12.6% | 2.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 29.6% | 28.2% | 30.6% | 20.8% | 26.4% | 25.5% | 15.8% | 14.3% | 15.4% | 5.7% | — |
| FCF Yield | 59.4% | 52.5% | 30.7% | 19.2% | 30.3% | 32.1% | 45.5% | 3.4% | 22.5% | 34.7% | — |
| Buyback Yield | 12.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 12.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $110M | $111M | $113M | $118M | $119M | $115M | $118M | $122M | $122M | $120M |
Mid-market M&A cyclicality
According to current market data, Stifel trades at a P/E of 3.38 and a P/B of 0.38, suggesting that investors are heavily discounting the firm's earnings potential relative to its historical averages and the broader financial services peer group valuation multiples.
The current valuation appears to reflect a significant market skepticism regarding the sustainability of earnings in a volatile interest rate environment. This deep discount may indicate that the market is pricing in a potential contraction in institutional deal flow rather than the firm's long-term wealth management stability.
Based on reported figures, Stifel's ROIC has fluctuated between 1.0% and 5.6% over the last ten quarters, indicating that the firm's ability to compound capital is highly sensitive to the cyclical nature of its institutional banking and brokerage segments.
The inconsistent trend in ROIC suggests that the firm's capital allocation strategy is frequently interrupted by market-driven revenue lulls. Investors should monitor whether future acquisitions can drive higher returns on invested capital or if the current integration costs will continue to suppress overall efficiency metrics.
As reported in recent financial statements, Stifel maintains a debt-to-equity ratio of 0.38 as of 2025Q4, which indicates that the firm is not overly reliant on external debt financing to support its current operational scale or its ongoing acquisition-led growth strategy.
This conservative leverage profile provides a significant buffer against potential market downturns, allowing the firm to maintain its strategic initiatives without immediate refinancing pressure. The low debt-to-equity ratio suggests a fortress-like balance sheet that may be under-utilized in terms of capital deployment.
According to quarterly filings, Stifel's asset turnover remains consistently low at 0.04, reflecting the firm's service-heavy business model where revenue generation is driven by professional expertise and advisory fees rather than the rapid rotation of physical or inventory-based assets.
The stability of this metric suggests that the firm's operational efficiency is largely decoupled from traditional asset-heavy turnover cycles. However, the reliance on brokerage settlement timing means that liquidity management remains a critical, albeit lumpy, component of the firm's overall operational efficiency.
Analysts frequently misapply the asset turnover ratio to Stifel, failing to recognize that as a service-oriented financial firm, its revenue is driven by human capital and advisory mandates rather than the efficient movement of physical inventory or tangible assets.
Using asset turnover to judge Stifel's operational success obscures the true value of its wealth management and institutional banking segments. A more appropriate metric would be revenue per financial advisor or fee-based asset growth, which better captures the firm's core productivity and long-term earning power.
Includes 30+ ratios · 22 years · Updated daily
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Stifel Financial Corporation 5.20% Senior Notes due 2047's current P/E ratio is 3.4x. The historical average is 8.5x. This places it at the 8th percentile of its historical range.
Stifel Financial Corporation 5.20% Senior Notes due 2047's current EV/EBITDA is 1.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.2x.
Stifel Financial Corporation 5.20% Senior Notes due 2047's return on equity (ROE) is 12.0%. The historical average is 9.1%.
Based on historical data, Stifel Financial Corporation 5.20% Senior Notes due 2047 is trading at a P/E of 3.4x. This is at the 8th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Stifel Financial Corporation 5.20% Senior Notes due 2047 has 84.3% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
Stifel Financial Corporation 5.20% Senior Notes due 2047's Debt/EBITDA ratio is 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.