13 years of historical data (2012–2024) · Financial Services · Financial - Credit Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Synchrony Financial trades at 3.1x earnings, roughly in line with its 5-year average of 3.1x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a discount of 78%. On a free-cash-flow basis, the stock trades at 1.0x P/FCF, 11% below the 5-year average of 1.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.4B | $10.5B | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $10.2B | $11.3B | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | 3.06 | 3.08 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.45 | 0.51 | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.63 | 0.64 | — | — | — | — | — | — | — | — | — |
| P/FCF | 0.96 | 1.07 | — | — | — | — | — | — | — | — | — |
| P/OCF | 0.96 | 1.07 | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Synchrony Financial's enterprise value stands at 2.0x EBITDA, 10% below its 5-year average of 2.2x. The Financial Services sector median is 11.1x, placing the stock at a 82% 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 | — | 0.54 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 2.02 | 2.24 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 2.23 | 2.48 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 1.15 | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Synchrony Financial earns an operating margin of 21.9%, roughly in line with the Financial Services sector average. Operating margins have compressed from 30.0% to 21.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 23.0% indicates solid capital efficiency, compared to the sector median of 9.1%. ROIC of 11.0% represents solid returns on invested capital versus a sector median of 5.4%.
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 | 45.2% | 45.2% | 44.2% | 62.9% | 84.3% | 45.6% | 58.5% | 51.1% | 51.4% | 57.2% | 62.4% |
| Operating Margin | 21.9% | 21.9% | 16.7% | 30.0% | 49.0% | 14.0% | 31.3% | 24.0% | 24.2% | 29.2% | 32.4% |
| Net Profit Margin | 16.9% | 16.9% | 12.9% | 22.9% | 37.6% | 10.8% | 24.0% | 18.4% | 14.1% | 18.4% | 20.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.0% | 23.0% | 16.7% | 22.7% | 32.0% | 10.0% | 25.2% | 19.3% | 13.6% | 16.8% | 19.2% |
| ROA | 3.0% | 3.0% | 2.0% | 3.0% | 4.4% | 1.4% | 3.5% | 2.8% | 2.1% | 2.6% | 2.8% |
| ROIC | 11.0% | 11.0% | 7.6% | 10.8% | 14.6% | 4.2% | 10.0% | 7.4% | 7.2% | 7.5% | 7.1% |
| ROCE | 12.4% | 12.4% | 9.2% | 14.3% | 19.4% | 5.7% | 13.3% | 9.9% | 9.6% | 10.0% | 9.4% |
Solvency and debt-coverage ratios — lower is generally safer
Synchrony Financial carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (25% below the sector average of 4.1x). Net debt stands at $751M ($15.5B total debt minus $14.7B cash). Interest coverage of just 1.0x 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 | 0.93 | 0.93 | 1.15 | 1.10 | 1.06 | 1.24 | 1.32 | 1.63 | 1.46 | 1.42 | 1.93 |
| Debt / EBITDA | 3.07 | 3.07 | 4.75 | 3.24 | 2.46 | 7.24 | 3.78 | 6.08 | 5.81 | 5.32 | 6.55 |
| Net Debt / Equity | — | 0.05 | 0.12 | 0.30 | 0.45 | 0.33 | 0.51 | 0.99 | 0.65 | 0.76 | 0.95 |
| Net Debt / EBITDA | 0.15 | 0.15 | 0.51 | 0.89 | 1.05 | 1.95 | 1.47 | 3.70 | 2.57 | 2.86 | 3.23 |
| Debt / FCF | — | 0.08 | 0.20 | 0.58 | 0.87 | 0.57 | 0.86 | 1.56 | 1.03 | 1.59 | 1.93 |
| Interest Coverage | 0.98 | 0.98 | 0.78 | 2.60 | 5.33 | 1.08 | 2.13 | 1.95 | 2.39 | 2.86 | 3.11 |
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 $14.7B 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 | 0.22 | 0.20 | 0.20 | 0.28 | 0.26 | 0.23 | 0.26 | 0.26 | 0.33 |
| Quick Ratio | 0.22 | 0.22 | 0.22 | 0.20 | 0.20 | 0.28 | 0.26 | 0.23 | 0.26 | 0.26 | 0.33 |
| Cash Ratio | 0.18 | 0.18 | 0.18 | 0.13 | 0.12 | 0.17 | 0.17 | 0.14 | 0.19 | 0.17 | 0.26 |
| Asset Turnover | — | 0.17 | 0.15 | 0.13 | 0.12 | 0.13 | 0.15 | 0.14 | 0.14 | 0.14 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Synchrony Financial returns 14.5% to shareholders annually — split between a 3.8% dividend yield and 10.7% buyback yield. The payout ratio of 11.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 32.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 3.8% | 3.8% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 11.4% | 11.4% | 18.1% | 14.4% | 11.8% | 37.5% | 15.5% | 19.1% | 23.0% | 9.5% | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 32.7% | 32.5% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 100.0% | 93.5% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 10.7% | 9.6% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 14.5% | 13.3% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $401M | $424M | $483M | $569M | $591M | $674M | $747M | $800M | $832M | $836M |
Compare SYF-PB 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 |
|---|---|---|---|---|---|---|---|---|---|
| SYF-PBYou | $9B | 3.1 | 2.0 | 1.0 | 45.2% | 21.9% | 23.0% | 11.0% | 3.1 |
| COF | $124B | 16.9 | 13.9 | 7.3 | 50.8% | 11.0% | 8.0% | 4.1% | 5.0 |
| SYF | $25B | 8.1 | 5.1 | 2.5 | 45.2% | 21.9% | 23.0% | 11.0% | 3.1 |
| OMF | $7B | 8.4 | 12.1 | 2.1 | 69.5% | 37.5% | 23.8% | 6.9% | 9.7 |
| ENVA | $3B | 12.0 | 10.1 | 1.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
| FINV | $3B | 4.3 | 6.6 | 7.6 | 79.3% | 19.4% | 16.2% | 12.9% | 0.0 |
| BFH | $3B | 12.9 | 10.7 | 1.6 | 50.9% | 7.9% | 9.3% | 3.3% | 12.1 |
| AHG | $2B | -3.0 | — | 2306.8 | -1.9% | -1125.4% | -80.0% | -73.9% | — |
| LU | $2B | 5.8 | 1.3 | 1.0 | 69.5% | 35.5% | 0.9% | 7.7% | 2.9 |
| XYF | $1B | 0.2 | 3.2 | 5.7 | 66.6% | 31.9% | 24.1% | 20.5% | 0.2 |
| ATLC | $791M | 11.0 | 20.3 | 1.7 | 21.6% | 10.6% | 25.2% | 3.8% | 17.4 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonSynchrony Financial's current P/E ratio is 3.1x. The historical average is 3.1x.
Synchrony Financial's current EV/EBITDA is 2.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.2x.
Synchrony Financial's return on equity (ROE) is 23.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 23.7%.
Based on historical data, Synchrony Financial is trading at a P/E of 3.1x. Compare with industry peers and growth rates for a complete picture.
Synchrony Financial's current dividend yield is 3.80% with a payout ratio of 11.4%.
Synchrony Financial has 45.2% gross margin and 21.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Synchrony Financial's Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.