Synovus Financial Corp. (SNV) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Banks - Regional
EV/EBITDA
↑
8.77
↑+51% vs avg
5yr avg: 5.82
30Y Low3.8·High21.1
P/FCF
↑
9.08
↑+29% vs avg
5yr avg: 7.03
30Y Low1.8·High103.9
P/B Ratio
↑
1.38
+15% vs avg
5yr avg: 1.20
30Y Low0.3·High2.7
ROE
↑
9.3%
↑-20% vs avg
5yr avg: 11.6%
30Y Low-43%·High26%
Debt/EBITDA
↑
2.80
↑+40% vs avg
5yr avg: 2.01
30Y Low1.3·High20.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SNV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Synovus Financial Corp. trades at 16.5x earnings, 39% above its 5-year average of 11.8x, sitting at the 77th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 24%. On a free-cash-flow basis, the stock trades at 9.1x P/FCF, 29% above the 5-year average of 7.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.9B | $7.4B | $5.5B | $5.5B | $7.1B | $4.8B | $6.1B | $3.8B | $5.8B | $5.1B | $4.3B |
| Enterprise Value | $5.8B | $6.3B | $4.5B | $5.1B | $5.6B | $2.1B | $9.1B | $5.2B | $6.8B | $6.5B | $5.5B |
| P/E Ratio → | 16.52 | 16.91 | 10.88 | 7.59 | 9.77 | 14.07 | 11.30 | 9.22 | 22.09 | 21.74 | 19.99 |
| P/S Ratio | 2.03 | 2.17 | 1.63 | 2.22 | 3.38 | 2.08 | 2.54 | 2.33 | 3.88 | 3.96 | 3.56 |
| P/B Ratio | 1.38 | 1.41 | 1.07 | 1.23 | 1.34 | 0.93 | 1.24 | 1.21 | 1.98 | 1.75 | 1.44 |
| P/FCF | 9.08 | 9.71 | 4.42 | 4.74 | 9.26 | — | 10.93 | 7.81 | 10.08 | 11.91 | 10.35 |
| P/OCF | 8.46 | 9.05 | 4.31 | 4.62 | 8.95 | 281.68 | 9.85 | 7.04 | 9.27 | 11.03 | 9.69 |
P/E links to full P/E history page with 30-year chart
SNV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Synovus Financial Corp.'s enterprise value stands at 8.8x EBITDA, 51% above its 5-year average of 5.8x. The Financial Services sector median is 11.4x, placing the stock at a 23% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.84 | 1.34 | 2.07 | 2.68 | 0.90 | 3.77 | 3.20 | 4.53 | 5.03 | 4.51 |
| EV / EBITDA | 8.77 | 9.49 | 5.74 | 4.98 | 5.11 | 3.77 | 11.74 | 8.63 | 12.67 | 14.59 | 13.15 |
| EV / EBIT | 9.65 | 10.44 | 6.51 | 5.33 | 5.70 | 4.31 | 11.87 | 9.50 | 14.23 | 16.78 | 15.23 |
| EV / FCF | — | 8.26 | 3.62 | 4.43 | 7.34 | — | 16.22 | 10.73 | 11.78 | 15.10 | 13.11 |
SNV Profitability
Margins and return-on-capital ratios measuring operating efficiency
Synovus Financial Corp. earns an operating margin of 17.7%, below the Financial Services sector average of 21.2%. Operating margins have compressed from 38.9% to 17.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.3% is modest, trailing the sector median of 9.4%. ROIC of 6.6% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.8% | 53.8% | 58.4% | 85.3% | 99.3% | 72.0% | 77.5% | 84.8% | 86.3% | 88.3% | 88.6% |
| Operating Margin | 17.7% | 17.7% | 20.6% | 38.9% | 47.0% | 21.0% | 31.8% | 33.7% | 31.8% | 30.0% | 29.6% |
| Net Profit Margin | 14.1% | 14.1% | 16.1% | 30.6% | 36.2% | 16.2% | 23.4% | 26.4% | 18.3% | 19.0% | 18.6% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 11.3% | 15.5% | 14.5% | 7.4% | 14.0% | 14.1% | 9.4% | 8.3% | 7.5% |
| ROA | 0.8% | 0.8% | 0.9% | 1.3% | 1.4% | 0.7% | 1.4% | 1.3% | 0.9% | 0.8% | 0.8% |
| ROIC | 6.6% | 6.6% | 8.3% | 11.3% | 11.1% | 4.7% | 7.8% | 7.8% | 7.1% | 5.5% | 5.0% |
| ROCE | 6.8% | 6.8% | 7.3% | 10.9% | 13.1% | 6.3% | 11.8% | 11.1% | 9.5% | 7.3% | 6.7% |
SNV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Synovus Financial Corp. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (32% below the sector average of 4.1x). The company holds a net cash position — cash of $3.0B exceeds total debt of $1.9B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.28 | 0.35 | 0.28 | 0.28 | 0.82 | 0.81 | 0.63 | 0.79 | 0.79 |
| Debt / EBITDA | 2.80 | 2.80 | 1.80 | 1.53 | 1.33 | 2.58 | 5.27 | 4.22 | 3.46 | 5.20 | 5.69 |
| Net Debt / Equity | — | -0.21 | -0.19 | -0.08 | -0.28 | -0.52 | 0.60 | 0.45 | 0.33 | 0.47 | 0.38 |
| Net Debt / EBITDA | -1.67 | -1.67 | -1.26 | -0.35 | -1.33 | -4.89 | 3.83 | 2.35 | 1.82 | 3.09 | 2.77 |
| Debt / FCF | — | -1.45 | -0.79 | -0.31 | -1.91 | — | 5.29 | 2.92 | 1.69 | 3.20 | 2.76 |
| Interest Coverage | 0.42 | 0.42 | 0.56 | 3.46 | 8.22 | 1.66 | 1.68 | 2.79 | 3.45 | 3.14 | 3.02 |
Net cash position: cash ($3.0B) exceeds total debt ($1.9B)
SNV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.22x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.0B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.22 | 0.22 | 0.25 | 0.24 | 0.28 | 0.26 | 0.20 | 0.19 | 0.19 | 0.19 | 0.21 |
| Quick Ratio | 0.22 | 0.22 | 0.25 | 0.24 | 0.28 | 0.26 | 0.20 | 0.19 | 0.19 | 0.19 | 0.21 |
| Cash Ratio | 0.06 | 0.06 | 0.05 | 0.04 | 0.06 | 0.09 | 0.03 | 0.04 | 0.03 | 0.04 | 0.05 |
| Asset Turnover | — | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SNV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Synovus Financial Corp. returns 7.0% to shareholders annually — split between a 3.0% dividend yield and 3.9% buyback yield. A payout ratio of 45.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.1% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.0% | 3.0% | 3.9% | 3.6% | 2.7% | 4.0% | 2.7% | 2.8% | 0.9% | 1.2% | 1.3% |
| Payout Ratio | 45.6% | 45.6% | 39.7% | 25.9% | 25.6% | 50.8% | 29.8% | 24.8% | 19.8% | 24.1% | 24.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.1% | 5.9% | 9.2% | 13.2% | 10.2% | 7.1% | 8.9% | 10.8% | 4.5% | 4.6% | 5.0% |
| FCF Yield | 11.0% | 10.3% | 22.6% | 21.1% | 10.8% | — | 9.2% | 12.8% | 9.9% | 8.4% | 9.7% |
| Buyback Yield | 3.9% | 3.7% | 0.0% | 0.2% | 2.8% | 0.3% | 11.9% | 4.6% | 3.0% | 5.1% | 4.6% |
| Total Shareholder Yield | 7.0% | 6.6% | 3.9% | 3.8% | 5.6% | 4.3% | 14.6% | 7.4% | 3.9% | 6.3% | 5.9% |
| Shares Outstanding | — | $145M | $147M | $146M | $148M | $148M | $156M | $118M | $122M | $125M | $133M |
Peer Comparison
Compare SNV 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 |
|---|---|---|---|---|---|---|---|---|---|
 SNVYou | $7B | 16.5 | 8.8 | 9.1 | 53.8% | 17.7% | 9.3% | 6.6% | 2.8 |
 UMBF | $10B | 14.7 | 12.3 | 10.4 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 WTFC | $10B | 13.3 | 11.8 | 11.3 | 62.2% | 26.4% | 12.1% | 7.5% | 3.7 |
 CBSH | $8B | 12.9 | 12.9 | 13.0 | 80.0% | 34.2% | 15.8% | 8.4% | 3.9 |
 FHN | $12B | 13.3 | 11.8 | 19.4 | 67.3% | 25.7% | 10.8% | 7.0% | 3.4 |
 HBAN | $26B | 12.0 | 16.0 | 11.6 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 CFG | $28B | 21.7 | 12.4 | 15.1 | 57.6% | 15.3% | 6.2% | 3.8% | 5.2 |
 BOKF | $10B | 16.7 | 17.4 | 7.3 | 57.1% | 19.8% | 9.8% | 4.1% | 5.8 |
 SFNC | $3B | -7.3 | — | 7.0 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 IBOC | $5B | 11.0 | 8.6 | 9.1 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 FFIN | $5B | 20.9 | 14.3 | 15.8 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSNV — Frequently Asked Questions
Quick answers to the most common questions about buying SNV stock.
What is Synovus Financial Corp.'s P/E ratio?
Synovus Financial Corp.'s current P/E ratio is 16.5x. The historical average is 12.5x. This places it at the 77th percentile of its historical range.
What is Synovus Financial Corp.'s EV/EBITDA?
Synovus Financial Corp.'s current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.2x.
What is Synovus Financial Corp.'s ROE?
Synovus Financial Corp.'s return on equity (ROE) is 9.3%. The historical average is 9.8%.
Is SNV stock overvalued?
Based on historical data, Synovus Financial Corp. is trading at a P/E of 16.5x. This is at the 77th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Synovus Financial Corp.'s dividend yield?
Synovus Financial Corp.'s current dividend yield is 3.03% with a payout ratio of 45.6%.
What are Synovus Financial Corp.'s profit margins?
Synovus Financial Corp. has 53.8% gross margin and 17.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Synovus Financial Corp. have?
Synovus Financial Corp.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.