Shinhan Financial Group Co., Ltd. (SHG) Financial Ratios
24 years of historical data (2002–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
22.03
↑+46% vs avg
5yr avg: 15.14
30Y Low4.1·High90.8
P/FCF
↑
9999.00
↑+645121% vs avg
5yr avg: 1.55
30Y Low0.0·High6.2
P/B Ratio
↑
0.91
↑+276878% vs avg
5yr avg: 0.00
30Y Low0.0·High0.0
ROE
↑
8.7%
↓+4% vs avg
5yr avg: 8.3%
30Y Low0%·High24%
Debt/EBITDA
↓
18.75
↓-4% vs avg
5yr avg: 19.53
30Y Low5.6·High25.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SHG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Shinhan Financial Group Co., Ltd. trades at 10.4x earnings, 250428% above its 5-year average of 0.0x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 24%. On a free-cash-flow basis, the stock trades at 9999.0x P/FCF, 645121% above the 5-year average of 1.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $31.5B | $26.6B | $16.6B | $16.0B | $14.2B | $16.5B | $14.9B | $18.2B | $16.8B | $22.0B | $17.8B |
| Enterprise Value | $118.6B | $133.09T | $108.60T | $108.04T | $97.66T | $105.65T | $82.52T | $84.66T | $75.23T | $86.77T | $52.74T |
| P/E Ratio → | 10.37 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| P/S Ratio | 1.39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 0.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 9999.00 | 6.19 | 0.00 | — | 0.00 | 0.00 | — | 0.00 | — | 0.03 | 0.01 |
| P/OCF | 9999.00 | 5.94 | 0.00 | 0.03 | 0.00 | 0.00 | — | 0.00 | — | 0.02 | 0.00 |
P/E links to full P/E history page with 30-year chart
SHG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Shinhan Financial Group Co., Ltd.'s enterprise value stands at 22.0x EBITDA, 46% above its 5-year average of 15.1x. The Financial Services sector median is 11.4x, placing the stock at a 93% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.84 | 3.07 | 3.20 | 3.98 | 4.10 | 3.21 | 3.20 | 4.73 | 5.94 | 3.91 |
| EV / EBITDA | 22.03 | 16.18 | 14.86 | 15.11 | 13.26 | 16.29 | 14.94 | 15.15 | 7.73 | 18.23 | 7.12 |
| EV / EBIT | 26.15 | 19.21 | 18.01 | 18.11 | 15.34 | 18.92 | 17.36 | 17.24 | — | — | — |
| EV / FCF | — | 30941.91 | 28.23 | — | 14.69 | 10.37 | — | 12.85 | — | 114.94 | 15.26 |
SHG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Shinhan Financial Group Co., Ltd. earns an operating margin of 20.0%, roughly in line with the Financial Services sector average. Operating margins have expanded from 17.6% to 20.0% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest, trailing the sector median of 9.0%. ROIC of 2.5% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
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 | 47.4% | 47.4% | 44.0% | 44.0% | 56.1% | 80.9% | 75.7% | 73.8% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 20.0% | 20.0% | 17.0% | 17.6% | 25.9% | 21.7% | 18.5% | 18.5% | 59.3% | 30.8% | 53.0% |
| Net Profit Margin | 14.3% | 14.3% | 12.6% | 12.9% | 19.0% | 15.6% | 13.3% | 12.8% | 19.9% | 20.0% | 20.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 7.7% | 8.0% | 9.0% | 8.3% | 7.7% | 8.7% | 9.0% | 8.9% | 8.7% |
| ROA | 0.7% | 0.7% | 0.6% | 0.6% | 0.7% | 0.6% | 0.6% | 0.7% | 0.7% | 0.7% | 0.7% |
| ROIC | 2.5% | 2.5% | 2.2% | 2.3% | 2.6% | 2.4% | 2.2% | 2.6% | 5.1% | 2.7% | 5.3% |
| ROCE | 1.4% | 1.4% | 2.3% | 2.4% | 2.6% | 2.3% | 2.1% | 2.6% | 6.5% | 3.4% | 5.3% |
SHG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Shinhan Financial Group Co., Ltd. carries a Debt/EBITDA ratio of 18.8x, which is highly leveraged (340% above the sector average of 4.3x). Net debt stands at $133.1T ($154.2T total debt minus $21.1T cash). Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.77 | 2.77 | 2.55 | 2.55 | 2.41 | 2.68 | 2.53 | 2.72 | 2.56 | 3.28 | 2.30 |
| Debt / EBITDA | 18.75 | 18.75 | 20.56 | 20.11 | 17.47 | 20.76 | 21.20 | 20.44 | 9.63 | 23.23 | 9.86 |
| Net Debt / Equity | — | 2.39 | 1.85 | 1.92 | 1.83 | 2.10 | 1.78 | 2.02 | 2.05 | 2.57 | 1.66 |
| Net Debt / EBITDA | 16.18 | 16.18 | 14.86 | 15.11 | 13.26 | 16.29 | 14.94 | 15.15 | 7.73 | 18.22 | 7.11 |
| Debt / FCF | — | 30935.71 | 28.22 | — | 14.69 | 10.37 | — | 12.84 | — | 114.91 | 15.25 |
| Interest Coverage | 0.42 | 0.42 | 0.34 | 0.36 | 0.67 | 1.41 | 0.97 | 0.82 | -0.06 | -0.06 | -0.06 |
SHG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.36x is below 1.0, meaning current liabilities exceed current assets — though the company's $21.1T cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.36 | 0.36 | 0.33 | 0.34 | 0.31 | 0.30 | 0.29 | 0.31 | 0.23 | 0.25 | 0.25 |
| Quick Ratio | 0.36 | 0.36 | 0.33 | 0.34 | 0.31 | 0.30 | 0.29 | 0.31 | 0.23 | 0.25 | 0.25 |
| Cash Ratio | 0.27 | 0.27 | 0.09 | 0.08 | 0.07 | 0.07 | 0.09 | 0.09 | 0.06 | 0.08 | 0.08 |
| Asset Turnover | — | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.03 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SHG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Shinhan Financial Group Co., Ltd. returns 0.0% to shareholders annually — split between a 0.0% dividend yield and 0.0% buyback yield. The payout ratio of 0.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 0.0% | 0.0% | 28.5% | 33.5% | 33.0% | 30.3% | 28.4% | 24.4% | 22.6% | 24.2% | 24.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.6% | 18295.7% | 25672.9% | 26145.5% | 30426.1% | 23643.0% | 22358.8% | 18387.6% | 18779.1% | 13185.3% | 15239.1% |
| FCF Yield | 0.0% | 16.2% | 23115.3% | — | 46793.4% | 61729.0% | — | 36261.9% | — | 3430.9% | 19363.8% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $497M | $506M | $519M | $509M | $534M | $500M | $477M | $474M | $474M | $474M |
Peer Comparison
Compare SHG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SHGYou | $31B | 10.4 | 22.0 | 9999.0 | 47.4% | 20.0% | 8.7% | 2.5% | 18.8 |
 KB | $38B | 10.7 | 6.8 | — | 49.1% | 16.8% | 9.7% | 4.9% | — |
 WF | $15B | 7.3 | 17.5 | 3.5 | 48.8% | 14.7% | 9.4% | 2.5% | 18.1 |
 HDB | $129B | 17.1 | 17.7 | 10.7 | 52.2% | 20.5% | 8.2% | 4.0% | 8.1 |
 IBN | $101B | 18.5 | 12.2 | 12.3 | 68.1% | 24.8% | 17.0% | 10.9% | 2.7 |
 MFG | $126B | 15.5 | 12.5 | 41.5 | 48.9% | 18.1% | 12.0% | 1.7% | 33.8 |
 SMFG | $96B | 15.5 | 0.1 | 2.1 | 54.3% | 22.1% | 10.9% | 2.4% | 21.8 |
 BAC | $424B | 14.7 | 14.0 | 33.6 | 56.1% | 19.7% | 10.2% | 3.5% | 9.1 |
 C | $267B | 20.5 | 27.4 | 12.0 | 44.6% | 11.8% | 6.7% | 1.7% | 31.0 |
 JPM | $909B | 16.2 | 18.5 | 9.0 | 59.9% | 26.0% | 16.1% | 4.5% | 11.6 |
 WBS | $12B | 12.8 | 11.2 | 12.1 | 60.8% | 28.5% | 10.8% | 7.2% | 3.4 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into SHG consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
SHG — Frequently Asked Questions
Quick answers to the most common questions about buying SHG stock.
What is Shinhan Financial Group Co., Ltd.'s P/E ratio?
Shinhan Financial Group Co., Ltd.'s current P/E ratio is 10.4x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
What is Shinhan Financial Group Co., Ltd.'s EV/EBITDA?
Shinhan Financial Group Co., Ltd.'s current EV/EBITDA is 22.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.0x.
What is Shinhan Financial Group Co., Ltd.'s ROE?
Shinhan Financial Group Co., Ltd.'s return on equity (ROE) is 8.7%. The historical average is 9.5%.
Is SHG stock overvalued?
Based on historical data, Shinhan Financial Group Co., Ltd. is trading at a P/E of 10.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Shinhan Financial Group Co., Ltd.'s dividend yield?
Shinhan Financial Group Co., Ltd.'s current dividend yield is 0.00% with a payout ratio of 0.0%.
What are Shinhan Financial Group Co., Ltd.'s profit margins?
Shinhan Financial Group Co., Ltd. has 47.4% gross margin and 20.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Shinhan Financial Group Co., Ltd. have?
Shinhan Financial Group Co., Ltd.'s Debt/EBITDA ratio is 18.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.