State Street Corporation (STT) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Asset Management
EV/EBITDA
↑
-9.34
—
5yr avg: N/A
30Y Low5.4·High21.5
P/FCF
↓
N/A
—
5yr avg: 5.65
30Y Low2.5·High103.6
P/B Ratio
↑
1.77
↑+59% vs avg
5yr avg: 1.12
30Y Low1.0·High6.2
ROE
↑
10.9%
↓+12% vs avg
5yr avg: 9.8%
30Y Low-14%·High25%
Debt/EBITDA
↑
9.20
↑+59% vs avg
5yr avg: 5.78
30Y Low3.2·High20.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
STT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
State Street Corporation trades at 18.1x earnings, 48% above its 5-year average of 12.2x, sitting at the 59th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 36%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $42.0B | $29.7B | $25.3B | $28.7B | $33.3B | $26.0B | $29.6B | $23.7B | $37.1B | $30.8B | $27.4B |
| Enterprise Value | $-37348854671 | $-49645518100 | $-42050042720 | $-58645644870 | $-61582534000 | $-73289825320 | $-28318019400 | $-37298658680 | $-16735409070 | $-24181885200 | $-31472982320 |
| P/E Ratio → | 18.11 | 11.95 | 13.88 | 10.79 | 12.93 | 11.52 | 14.70 | 9.85 | 18.63 | 15.64 | 14.85 |
| P/S Ratio | 1.91 | 1.35 | 1.38 | 2.10 | 2.77 | 2.15 | 2.25 | 1.81 | 3.13 | 2.89 | 2.55 |
| P/B Ratio | 1.77 | 1.17 | 1.06 | 1.14 | 1.22 | 0.99 | 1.21 | 0.96 | 1.66 | 1.45 | 1.30 |
| P/FCF | — | — | — | 2.56 | — | 8.75 | 5.96 | 2.48 | 5.89 | 18.36 | — |
| P/OCF | — | — | 36.66 | 2.40 | — | 7.36 | 5.19 | 2.33 | 5.35 | 13.44 | — |
P/E links to full P/E history page with 30-year chart
STT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -2.26 | -2.29 | -4.29 | -5.12 | -6.07 | -2.16 | -2.84 | -1.41 | -2.27 | -2.92 |
| EV / EBITDA | -9.34 | -12.41 | -13.15 | -13.08 | -13.03 | -16.62 | -6.99 | -8.67 | -4.10 | -7.93 | -10.16 |
| EV / EBIT | -11.00 | -14.62 | -18.16 | -17.63 | -19.42 | -25.28 | -10.44 | -12.03 | -5.59 | -11.41 | -13.70 |
| EV / FCF | — | — | — | -5.23 | — | -24.66 | -5.71 | -3.90 | -2.66 | -14.42 | — |
STT Profitability
Margins and return-on-capital ratios measuring operating efficiency
State Street Corporation earns an operating margin of 15.5%, below the Financial Services sector average of 21.4%. Operating margins have compressed from 24.3% to 15.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.9% is modest. ROIC of 4.6% represents below-average 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 | 58.5% | 58.5% | 64.8% | 88.6% | 100.2% | 96.2% | 89.5% | 92.3% | 94.9% | 95.9% | 96.2% |
| Operating Margin | 15.5% | 15.5% | 12.6% | 24.3% | 26.4% | 24.0% | 20.7% | 23.6% | 25.2% | 19.9% | 21.4% |
| Net Profit Margin | 12.2% | 12.2% | 10.6% | 20.3% | 22.4% | 20.1% | 17.1% | 19.8% | 18.2% | 20.2% | 18.4% |
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 | 10.9% | 10.9% | 7.9% | 10.6% | 10.1% | 9.6% | 9.1% | 11.0% | 9.9% | 10.1% | 9.3% |
| ROA | 0.8% | 0.8% | 0.6% | 0.9% | 0.9% | 0.9% | 0.9% | 1.1% | 0.9% | 0.9% | 0.8% |
| ROIC | 4.6% | 4.6% | 3.8% | 5.8% | 5.3% | 5.0% | 5.2% | 6.0% | 5.9% | 4.1% | 4.1% |
| ROCE | 4.6% | 4.6% | 4.3% | 8.7% | 8.1% | 7.5% | 7.5% | 8.9% | 9.0% | 6.5% | 7.2% |
STT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
State Street Corporation carries a Debt/EBITDA ratio of 9.2x, which is highly leveraged (123% above the sector average of 4.1x). The company holds a net cash position — cash of $116.1B exceeds total debt of $36.8B, 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 | 1.45 | 1.45 | 1.02 | 0.73 | 0.55 | 0.81 | 0.59 | 0.62 | 0.70 | 0.82 | 0.84 |
| Debt / EBITDA | 9.20 | 9.20 | 7.62 | 4.08 | 3.21 | 4.81 | 3.57 | 3.55 | 3.83 | 5.71 | 5.73 |
| Net Debt / Equity | — | -3.13 | -2.83 | -3.47 | -3.47 | -3.79 | -2.37 | -2.47 | -2.41 | -2.59 | -2.79 |
| Net Debt / EBITDA | -19.83 | -19.83 | -21.06 | -19.49 | -20.07 | -22.52 | -14.29 | -14.18 | -13.20 | -18.03 | -19.01 |
| Debt / FCF | — | — | — | -7.79 | — | -33.41 | -11.67 | -6.38 | -8.55 | -32.78 | — |
| Interest Coverage | 0.37 | 0.37 | 0.36 | 2.15 | 1057.00 | 7.73 | 1.97 | 3.13 | 4.96 | 4.95 | 5.75 |
Net cash position: cash ($116.1B) exceeds total debt ($36.8B)
STT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.51x is below 1.0, meaning current liabilities exceed current assets — though the company's $116.1B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.57x to 0.51x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.51 | 0.51 | 0.63 | 0.57 | 0.68 | 0.69 | 0.64 | 0.63 | 0.66 | 0.78 | 0.83 |
| Quick Ratio | 0.51 | 0.51 | 0.63 | 0.57 | 0.68 | 0.69 | 0.64 | 0.63 | 0.66 | 0.78 | 0.83 |
| Cash Ratio | 0.42 | 0.42 | 0.40 | 0.40 | 0.40 | 0.44 | 0.35 | 0.37 | 0.34 | 0.34 | 0.36 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
STT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
State Street Corporation returns 9.2% to shareholders annually — split between a 2.3% dividend yield and 6.9% buyback yield. The payout ratio of 38.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.5% (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 | 2.3% | 3.5% | 3.8% | 3.4% | 2.3% | 3.4% | 3.1% | 3.5% | 2.1% | 2.3% | 2.4% |
| Payout Ratio | 38.4% | 38.4% | 49.9% | 35.0% | 27.9% | 36.7% | 41.5% | 31.9% | 35.6% | 33.7% | 33.1% |
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 | 5.5% | 8.4% | 7.2% | 9.3% | 7.7% | 8.7% | 6.8% | 10.1% | 5.4% | 6.4% | 6.7% |
| FCF Yield | — | — | — | 39.1% | — | 11.4% | 16.8% | 40.3% | 17.0% | 5.4% | — |
| Buyback Yield | 6.9% | 9.8% | 15.3% | 5.7% | 4.3% | 4.2% | 8.2% | 2.0% | 3.8% | 4.8% | 6.3% |
| Total Shareholder Yield | 9.2% | 13.3% | 19.2% | 9.0% | 6.6% | 7.6% | 11.3% | 5.5% | 5.9% | 7.2% | 8.7% |
| Shares Outstanding | — | $302M | $327M | $370M | $358M | $357M | $374M | $376M | $380M | $396M | $414M |
Peer Comparison
Compare STT 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 |
|---|---|---|---|---|---|---|---|---|---|
 STTYou | $42B | 18.1 | -9.3 | — | 58.5% | 15.5% | 10.9% | 4.6% | 9.2 |
 BK | $91B | 22.8 | 4.5 | — | 46.0% | 14.8% | 11.0% | 5.0% | 5.9 |
 NTRS | $30B | 18.5 | -4.6 | 5.5 | 56.5% | 16.3% | 13.5% | 6.0% | 5.1 |
 BEN | $16B | 33.5 | 22.5 | 17.4 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $12B | -16.8 | 16.3 | 8.3 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 GS | $285B | 22.7 | 34.6 | — | 41.1% | 14.5% | 12.0% | 1.9% | 29.7 |
 MS | $301B | 23.8 | 25.7 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
 JPM | $834B | 15.7 | 13.4 | — | 58.6% | 27.7% | 17.4% | 5.4% | 9.0 |
 C | $224B | 21.5 | 25.2 | — | 41.7% | 10.0% | 6.1% | 1.6% | 27.7 |
 BLK | $163B | 25.0 | 20.3 | 34.6 | 49.4% | 37.1% | 14.1% | 9.9% | 1.8 |
 TROW | $23B | 11.3 | 7.7 | 15.3 | 62.7% | 29.9% | 17.8% | 13.3% | 0.3 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full STT Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See STT's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs STT Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare STT vs BK
Side-by-side business, growth, and profitability comparison vs The Bank of New York Mellon Corporation.
Start ComparisonSTT — Frequently Asked Questions
Quick answers to the most common questions about buying STT stock.
What is State Street Corporation's P/E ratio?
State Street Corporation's current P/E ratio is 18.1x. The historical average is 17.3x. This places it at the 59th percentile of its historical range.
What is State Street Corporation's EV/EBITDA?
State Street Corporation's current EV/EBITDA is -9.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
What is State Street Corporation's ROE?
State Street Corporation's return on equity (ROE) is 10.9%. The historical average is 12.7%.
Is STT stock overvalued?
Based on historical data, State Street Corporation is trading at a P/E of 18.1x. This is at the 59th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is State Street Corporation's dividend yield?
State Street Corporation's current dividend yield is 2.30% with a payout ratio of 38.4%.
What are State Street Corporation's profit margins?
State Street Corporation has 58.5% gross margin and 15.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does State Street Corporation have?
State Street Corporation's Debt/EBITDA ratio is 9.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.