Truist Financial Corporation (TFC) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Banks - Regional
EV/EBITDA
↑
232.75
↑+172% vs avg
5yr avg: 85.61
30Y Low10.6·High35.0
P/FCF
↑
30.26
↑+160% vs avg
5yr avg: 11.66
30Y Low3.0·High131.7
P/B Ratio
↓
1.04
+10% vs avg
5yr avg: 0.95
30Y Low0.7·High4.4
ROE
↑
7.8%
↓+25% vs avg
5yr avg: 6.3%
30Y Low-2%·High23%
Debt/EBITDA
↑
164.72
↑+156% vs avg
5yr avg: 64.26
30Y Low4.4·High24.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TFC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Truist Financial Corporation trades at 14.8x earnings, 16% above its 5-year average of 12.8x, sitting at the 41st percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 13%. On a free-cash-flow basis, the stock trades at 30.3x P/FCF, 160% above the 5-year average of 11.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $65.5B | $57.7B | $49.2B | $57.6B | $79.0B | $65.1B | $45.9B | $33.9B | $40.3B | $38.3B | $28.7B |
| Enterprise Value | $88.0B | $80.2B | $81.1B | $101.2B | $99.6B | $91.5B | $85.7B | $59.0B | $66.2B | $59.2B | $56.0B |
| P/E Ratio → | 14.81 | 12.91 | — | 9.71 | 13.10 | 15.56 | 15.18 | 11.08 | 18.15 | 16.97 | 14.77 |
| P/S Ratio | 2.70 | 2.38 | 1.64 | 2.58 | 3.43 | 2.67 | 3.13 | 2.61 | 3.32 | 3.32 | 2.70 |
| P/B Ratio | 1.04 | 0.91 | 0.83 | 0.95 | 1.14 | 0.92 | 0.69 | 1.12 | 1.36 | 1.28 | 1.05 |
| P/FCF | 30.26 | 26.68 | 5.70 | 5.48 | 10.60 | 9.83 | 35.43 | 8.51 | 8.70 | 12.30 | 9.15 |
| P/OCF | 30.26 | 26.68 | 5.70 | 5.20 | 10.01 | 8.75 | 30.21 | 7.80 | 8.70 | 12.30 | 9.15 |
P/E links to full P/E history page with 30-year chart
TFC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Truist Financial Corporation's enterprise value stands at 232.7x EBITDA, 172% above its 5-year average of 85.6x. The Financial Services sector median is 11.5x, placing the stock at a 1930% premium 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 | — | 3.31 | 2.71 | 4.54 | 4.32 | 3.75 | 5.85 | 4.54 | 5.45 | 5.13 | 5.28 |
| EV / EBITDA | 232.75 | 212.27 | 180.15 | 12.06 | 10.62 | 12.93 | 18.44 | 12.78 | 17.08 | 14.59 | 16.59 |
| EV / EBIT | — | — | — | 14.40 | 12.46 | 16.73 | 21.33 | 14.53 | 19.90 | 16.90 | 19.21 |
| EV / FCF | — | 37.08 | 9.39 | 9.63 | 13.37 | 13.82 | 66.14 | 14.80 | 14.28 | 18.99 | 17.90 |
TFC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Truist Financial Corporation earns an operating margin of -2.5%, below the Financial Services sector average of 21.6%. Operating margins have compressed from 31.5% to -2.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.8% is modest, trailing the sector median of 9.4%.
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 | 47.0% | 47.0% | 59.8% | 86.1% | 100.2% | 83.4% | 81.5% | 84.6% | 88.6% | 88.6% | 89.1% |
| Operating Margin | -2.5% | -2.5% | -2.6% | 31.5% | 34.7% | 22.4% | 27.4% | 31.2% | 27.4% | 30.3% | 27.5% |
| Net Profit Margin | 19.9% | 19.9% | -3.6% | 28.1% | 27.9% | 18.3% | 22.0% | 24.9% | 19.7% | 21.0% | 19.6% |
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 | 7.8% | 7.8% | -1.8% | 9.6% | 9.2% | 6.5% | 6.7% | 10.8% | 8.0% | 8.5% | 8.1% |
| ROA | 0.9% | 0.9% | -0.2% | 1.1% | 1.2% | 0.9% | 0.9% | 1.4% | 1.1% | 1.1% | 1.1% |
| ROIC | -0.4% | -0.4% | -0.5% | 4.5% | 5.3% | 3.4% | 3.3% | 5.2% | 4.4% | 4.6% | 3.9% |
| ROCE | -0.5% | -0.5% | -0.6% | 5.9% | 6.6% | 4.5% | 4.6% | 7.6% | 6.4% | 7.1% | 6.2% |
TFC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Truist Financial Corporation carries a Debt/EBITDA ratio of 164.7x, which is highly leveraged (3876% above the sector average of 4.1x). Net debt stands at $22.5B ($62.3B total debt minus $39.8B cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.98 | 0.98 | 1.05 | 1.07 | 0.59 | 0.64 | 0.88 | 0.96 | 0.96 | 0.83 | 1.13 |
| Debt / EBITDA | 164.72 | 164.72 | 138.05 | 7.75 | 4.36 | 6.40 | 12.66 | 6.26 | 7.38 | 6.11 | 9.16 |
| Net Debt / Equity | — | 0.35 | 0.54 | 0.72 | 0.30 | 0.37 | 0.60 | 0.83 | 0.87 | 0.70 | 1.00 |
| Net Debt / EBITDA | 59.52 | 59.52 | 70.87 | 5.20 | 2.20 | 3.73 | 8.56 | 5.43 | 6.68 | 5.14 | 8.11 |
| Debt / FCF | — | 10.40 | 3.69 | 4.15 | 2.76 | 3.99 | 30.72 | 6.28 | 5.58 | 6.69 | 8.75 |
| Interest Coverage | -0.05 | -0.05 | -0.08 | 3.03 | 10.41 | 3.18 | 1.92 | 2.82 | 3.96 | 4.70 | 3.97 |
TFC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.14x is below 1.0, meaning current liabilities exceed current assets — though the company's $39.8B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.24x to 0.14x 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 | 0.14 | 0.14 | 0.26 | 0.24 | 0.44 | 0.39 | 0.31 | 0.21 | 0.17 | 0.19 | 0.18 |
| Quick Ratio | 0.14 | 0.14 | 0.26 | 0.24 | 0.44 | 0.39 | 0.31 | 0.21 | 0.17 | 0.19 | 0.18 |
| Cash Ratio | 0.10 | 0.10 | 0.07 | 0.05 | 0.05 | 0.05 | 0.05 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.05 | 0.06 | 0.04 | 0.04 | 0.05 | 0.03 | 0.06 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TFC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Truist Financial Corporation returns 6.9% to shareholders annually — split between a 4.2% dividend yield and 2.7% buyback yield. A payout ratio of 57.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.8% (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 | 4.2% | 4.8% | 5.6% | 4.6% | 3.1% | 3.7% | 2.9% | 3.5% | 2.5% | 2.4% | 2.8% |
| Payout Ratio | 57.5% | 57.5% | — | 42.4% | 38.6% | 54.1% | 40.6% | 37.2% | 42.0% | 38.1% | 37.9% |
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 | 6.8% | 7.7% | — | 10.3% | 7.6% | 6.4% | 6.6% | 9.0% | 5.5% | 5.9% | 6.8% |
| FCF Yield | 3.3% | 3.7% | 17.6% | 18.3% | 9.4% | 10.2% | 2.8% | 11.7% | 11.5% | 8.1% | 10.9% |
| Buyback Yield | 2.7% | 3.0% | 0.0% | 0.4% | 3.8% | 0.8% | 3.8% | 3.6% | 4.0% | 1.4% | 0.0% |
| Total Shareholder Yield | 6.9% | 7.8% | 5.6% | 5.0% | 7.0% | 4.5% | 6.6% | 7.1% | 6.5% | 3.8% | 2.8% |
| Shares Outstanding | — | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B | $815M | $783M | $811M | $815M | $758M |
Peer Comparison
Compare TFC 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 |
|---|---|---|---|---|---|---|---|---|---|
 TFCYou | $65B | 14.8 | 232.7 | 30.3 | 47.0% | -2.5% | 7.8% | -0.4% | 164.7 |
 USB | $86B | 12.0 | 11.4 | — | 62.8% | 22.2% | 12.2% | 5.2% | 7.6 |
 PNC | $89B | 16.0 | 13.9 | 11.3 | 59.4% | 21.5% | 11.2% | 4.5% | 8.2 |
 RF | $24B | 12.2 | 6.5 | 11.1 | 74.6% | 28.5% | 11.7% | 8.5% | 1.7 |
 CFG | $28B | 21.2 | 12.1 | 14.7 | 57.6% | 15.3% | 6.2% | 3.8% | 5.2 |
 HBAN | $26B | 11.6 | 15.7 | 11.2 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 KEY | $24B | 14.3 | 14.5 | — | 62.3% | 20.6% | 9.5% | 5.4% | 4.7 |
 MTB | $33B | 14.6 | 6.7 | 9.6 | 64.3% | 24.7% | 9.2% | 6.0% | 3.6 |
 JPM | $826B | 15.5 | 13.3 | — | 58.6% | 27.7% | 17.4% | 5.4% | 9.0 |
 BAC | $401B | 13.8 | 14.6 | 31.8 | 55.4% | 18.5% | 10.2% | 3.2% | 10.0 |
 WFC | $245B | 14.7 | 10.5 | 80.7 | 62.2% | 18.6% | 10.7% | 3.7% | 9.1 |
| 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 →
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Start ComparisonTFC — Frequently Asked Questions
Quick answers to the most common questions about buying TFC stock.
What is Truist Financial Corporation's P/E ratio?
Truist Financial Corporation's current P/E ratio is 14.8x. The historical average is 16.0x. This places it at the 41th percentile of its historical range.
What is Truist Financial Corporation's EV/EBITDA?
Truist Financial Corporation's current EV/EBITDA is 232.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
What is Truist Financial Corporation's ROE?
Truist Financial Corporation's return on equity (ROE) is 7.8%. The historical average is 11.7%.
Is TFC stock overvalued?
Based on historical data, Truist Financial Corporation is trading at a P/E of 14.8x. This is at the 41th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Truist Financial Corporation's dividend yield?
Truist Financial Corporation's current dividend yield is 4.18% with a payout ratio of 57.5%.
What are Truist Financial Corporation's profit margins?
Truist Financial Corporation has 47.0% gross margin and -2.5% operating margin.
How much debt does Truist Financial Corporation have?
Truist Financial Corporation's Debt/EBITDA ratio is 164.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.