Synchrony Financial (SYF) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↑
5.05
-5% vs avg
5yr avg: 5.31
30Y Low4.5·High11.4
P/FCF
↓
2.61
-4% vs avg
5yr avg: 2.73
30Y Low1.9·High4.4
P/B Ratio
↓
1.58
+3% vs avg
5yr avg: 1.54
30Y Low1.2·High2.2
ROE
↓
21.3%
-8% vs avg
5yr avg: 23.1%
30Y Low10%·High46%
Debt/EBITDA
↑
2.96
↓-10% vs avg
5yr avg: 3.30
30Y Low2.5·High8.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SYF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Synchrony Financial trades at 8.0x earnings, 12% above its 5-year average of 7.1x, sitting at the 50th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 39%. On a free-cash-flow basis, the stock trades at 2.6x P/FCF, roughly in line with the 5-year average of 2.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $25.7B | $29.9B | $26.0B | $16.2B | $15.9B | $26.4B | $20.5B | $24.3B | $17.5B | $30.9B | $30.2B |
| Enterprise Value | $25.9B | $30.1B | $26.8B | $17.9B | $19.8B | $32.6B | $24.8B | $32.0B | $32.1B | $40.1B | $41.0B |
| P/E Ratio → | 7.97 | 8.98 | 7.60 | 7.36 | 5.34 | 6.32 | 15.29 | 6.48 | 6.27 | 15.95 | 13.38 |
| P/S Ratio | 1.35 | 1.56 | 1.25 | 0.93 | 1.20 | 2.35 | 1.60 | 1.55 | 1.16 | 2.24 | 2.47 |
| P/B Ratio | 1.58 | 1.78 | 1.57 | 1.16 | 1.23 | 1.93 | 1.61 | 1.61 | 1.19 | 2.17 | 2.12 |
| P/FCF | 2.61 | 3.03 | 2.64 | 1.88 | 2.37 | 3.72 | 2.74 | 2.70 | 1.88 | 3.46 | 4.42 |
| P/OCF | 2.61 | 3.03 | 2.64 | 1.88 | 2.37 | 3.72 | 2.74 | 2.70 | 1.88 | 3.46 | 4.42 |
P/E links to full P/E history page with 30-year chart
SYF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Synchrony Financial's enterprise value stands at 5.0x EBITDA, roughly in line with its 5-year average of 5.3x. The Financial Services sector median is 11.5x, placing the stock at a 56% discount 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 | — | 1.57 | 1.29 | 1.03 | 1.50 | 2.90 | 1.93 | 2.05 | 2.12 | 2.91 | 3.35 |
| EV / EBITDA | 5.05 | 5.85 | 5.32 | 5.32 | 4.52 | 5.53 | 11.36 | 6.09 | 8.14 | 11.20 | 10.82 |
| EV / EBIT | 5.61 | 6.51 | 5.88 | 6.16 | 4.99 | 5.92 | 13.78 | 6.54 | 8.82 | 12.06 | 11.48 |
| EV / FCF | — | 3.05 | 2.72 | 2.08 | 2.96 | 4.59 | 3.31 | 3.56 | 3.44 | 4.49 | 6.01 |
SYF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Synchrony Financial earns an operating margin of 24.2%, above the Financial Services sector average of 21.6%. Operating margins have expanded from 16.7% to 24.2% over the past 3 years, signaling improving operational efficiency. ROE of 21.3% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 10.8% represents solid 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.0% | 51.0% | 45.2% | 44.2% | 62.9% | 84.3% | 45.6% | 58.5% | 51.1% | 51.4% | 57.2% |
| Operating Margin | 24.2% | 24.2% | 21.9% | 16.7% | 30.0% | 49.0% | 14.0% | 31.3% | 24.0% | 24.2% | 29.2% |
| Net Profit Margin | 18.6% | 18.6% | 16.9% | 12.9% | 22.9% | 37.6% | 10.8% | 24.0% | 18.4% | 14.1% | 18.4% |
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 | 21.3% | 21.3% | 23.0% | 16.7% | 22.7% | 32.0% | 10.0% | 25.2% | 19.3% | 13.6% | 16.8% |
| ROA | 3.0% | 3.0% | 3.0% | 2.0% | 3.0% | 4.4% | 1.4% | 3.5% | 2.8% | 2.1% | 2.6% |
| ROIC | 10.8% | 10.8% | 11.0% | 7.6% | 10.8% | 14.6% | 4.2% | 10.0% | 7.4% | 7.2% | 7.5% |
| ROCE | 12.3% | 12.3% | 12.4% | 9.2% | 14.3% | 19.4% | 5.7% | 13.3% | 9.9% | 9.6% | 10.0% |
SYF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Synchrony Financial carries a Debt/EBITDA ratio of 3.0x, which is moderately leveraged (29% below the sector average of 4.1x). Net debt stands at $209M ($15.2B total debt minus $15.0B cash). Interest coverage of just 1.1x 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 | 0.91 | 0.91 | 0.93 | 1.15 | 1.10 | 1.06 | 1.24 | 1.32 | 1.63 | 1.46 | 1.42 |
| Debt / EBITDA | 2.96 | 2.96 | 3.07 | 4.75 | 3.24 | 2.46 | 7.24 | 3.78 | 6.08 | 5.81 | 5.32 |
| Net Debt / Equity | — | 0.01 | 0.05 | 0.12 | 0.30 | 0.45 | 0.33 | 0.51 | 0.99 | 0.65 | 0.76 |
| Net Debt / EBITDA | 0.04 | 0.04 | 0.15 | 0.51 | 0.89 | 1.05 | 1.95 | 1.47 | 3.70 | 2.57 | 2.86 |
| Debt / FCF | — | 0.02 | 0.08 | 0.20 | 0.58 | 0.87 | 0.57 | 0.86 | 1.56 | 1.03 | 1.59 |
| Interest Coverage | 1.12 | 1.12 | 0.98 | 0.78 | 2.60 | 5.33 | 1.08 | 2.13 | 1.95 | 2.39 | 2.86 |
SYF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.21x is below 1.0, meaning current liabilities exceed current assets — though the company's $15.0B 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 | 0.21 | 0.21 | 0.22 | 0.22 | 0.20 | 0.20 | 0.28 | 0.26 | 0.23 | 0.26 | 0.26 |
| Quick Ratio | 0.21 | 0.21 | 0.22 | 0.22 | 0.20 | 0.20 | 0.28 | 0.26 | 0.23 | 0.26 | 0.26 |
| Cash Ratio | 0.18 | 0.18 | 0.18 | 0.18 | 0.13 | 0.12 | 0.17 | 0.17 | 0.14 | 0.19 | 0.17 |
| Asset Turnover | — | 0.16 | 0.17 | 0.15 | 0.13 | 0.12 | 0.13 | 0.15 | 0.14 | 0.14 | 0.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SYF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Synchrony Financial returns 13.0% to shareholders annually — split between a 1.6% dividend yield and 11.4% buyback yield. The payout ratio of 12.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 12.6% (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 | 1.6% | 1.4% | 1.5% | 2.5% | 2.7% | 1.9% | 2.5% | 2.4% | 3.0% | 1.4% | 0.7% |
| Payout Ratio | 12.0% | 12.0% | 11.4% | 18.1% | 14.4% | 11.8% | 37.5% | 15.5% | 19.1% | 23.0% | 9.5% |
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 | 12.6% | 11.1% | 13.2% | 13.6% | 18.7% | 15.8% | 6.5% | 15.4% | 15.9% | 6.3% | 7.5% |
| FCF Yield | 38.3% | 33.0% | 37.8% | 53.1% | 42.1% | 26.9% | 36.5% | 37.1% | 53.3% | 28.9% | 22.6% |
| Buyback Yield | 11.4% | 9.9% | 3.9% | 6.9% | 20.9% | 10.9% | 4.8% | 14.9% | 10.7% | 4.8% | 1.6% |
| Total Shareholder Yield | 13.0% | 11.3% | 5.4% | 9.4% | 23.6% | 12.8% | 7.3% | 17.3% | 13.7% | 6.3% | 2.3% |
| Shares Outstanding | — | $358M | $401M | $424M | $483M | $569M | $591M | $674M | $747M | $800M | $832M |
Peer Comparison
Compare SYF 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 |
|---|---|---|---|---|---|---|---|---|---|
 SYFYou | $26B | 8.0 | 5.0 | 2.6 | 51.0% | 24.2% | 21.3% | 10.8% | 3.0 |
 COF | $119B | 47.8 | 15.0 | 4.6 | 47.3% | 3.3% | 2.8% | 1.3% | 6.8 |
 BFH | $4B | 7.9 | 6.9 | 1.9 | 63.3% | 13.1% | 16.2% | 5.6% | 6.3 |
 ALLY | $14B | 18.5 | 12.8 | — | 52.0% | 8.6% | 5.8% | 2.2% | 11.1 |
 MA | $443B | 30.3 | 22.0 | 26.2 | 83.4% | 59.2% | 209.9% | 56.5% | 0.9 |
 V | $616B | 31.5 | 24.6 | 28.6 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
 AXP | $219B | 20.7 | 14.7 | 13.7 | 83.2% | 17.1% | 34.0% | 12.0% | 3.7 |
 BAC | $401B | 13.8 | 14.6 | 31.8 | 55.4% | 18.5% | 10.2% | 3.2% | 10.0 |
 JPM | $826B | 15.5 | 13.3 | — | 58.6% | 27.7% | 17.4% | 5.4% | 9.0 |
 C | $226B | 21.7 | 25.3 | — | 41.7% | 10.0% | 6.1% | 1.6% | 27.7 |
 WMT | $1.0T | 47.7 | 24.8 | 25.0 | 24.9% | 4.2% | 22.2% | 14.7% | 1.5 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
Full SYF Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
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Side-by-side business, growth, and profitability comparison vs Capital One Financial Corporation.
Start ComparisonSYF — Frequently Asked Questions
Quick answers to the most common questions about buying SYF stock.
What is Synchrony Financial's P/E ratio?
Synchrony Financial's current P/E ratio is 8.0x. The historical average is 9.6x. This places it at the 50th percentile of its historical range.
What is Synchrony Financial's EV/EBITDA?
Synchrony Financial's current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.9x.
What is Synchrony Financial's ROE?
Synchrony Financial's return on equity (ROE) is 21.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 23.5%.
Is SYF stock overvalued?
Based on historical data, Synchrony Financial is trading at a P/E of 8.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Synchrony Financial's dividend yield?
Synchrony Financial's current dividend yield is 1.61% with a payout ratio of 12.0%.
What are Synchrony Financial's profit margins?
Synchrony Financial has 51.0% gross margin and 24.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Synchrony Financial have?
Synchrony Financial's Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.