WaFd, Inc. (WAFD) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
13.26
↑+31% vs avg
5yr avg: 10.16
30Y Low7.9·High47.9
P/FCF
↑
13.49
↑+58% vs avg
5yr avg: 8.54
30Y Low5.7·High22.7
P/B Ratio
↓
0.96
+10% vs avg
5yr avg: 0.88
30Y Low0.7·High2.0
ROE
↓
7.5%
-18% vs avg
5yr avg: 9.1%
30Y Low3%·High16%
Debt/EBITDA
↓
6.07
↓-19% vs avg
5yr avg: 7.47
30Y Low5.8·High35.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WAFD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
WaFd, Inc. trades at 13.9x earnings, 25% above its 5-year average of 11.1x, sitting at the 63rd percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.6x. On a free-cash-flow basis, the stock trades at 13.5x P/FCF, 58% above the 5-year average of 8.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $2.4B | $2.6B | $1.7B | $2.0B | $2.5B | $1.6B | $3.0B | $2.7B | $3.0B | $2.5B |
| Enterprise Value | $4.0B | $3.6B | $3.5B | $4.3B | $3.4B | $2.1B | $2.6B | $4.8B | $4.8B | $4.9B | $4.1B |
| P/E Ratio → | 13.87 | 11.52 | 13.94 | 6.89 | 8.84 | 14.36 | 9.23 | 14.17 | 13.33 | 17.35 | 14.99 |
| P/S Ratio | 1.99 | 1.72 | 1.81 | 1.53 | 2.67 | 3.82 | 2.26 | 4.05 | 4.18 | 4.98 | 4.13 |
| P/B Ratio | 0.96 | 0.80 | 0.86 | 0.69 | 0.86 | 1.17 | 0.79 | 1.46 | 1.36 | 1.50 | 1.24 |
| P/FCF | 13.49 | 11.67 | 6.25 | 8.41 | 7.64 | 8.74 | 11.89 | 15.00 | 16.65 | 18.28 | 13.63 |
| P/OCF | 11.86 | 10.26 | 5.89 | 7.81 | 7.30 | 7.92 | 9.61 | 12.72 | 14.28 | 16.71 | 11.06 |
P/E links to full P/E history page with 30-year chart
WAFD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
WaFd, Inc.'s enterprise value stands at 13.3x EBITDA, 31% above its 5-year average of 10.2x. The Financial Services sector median is 11.4x, placing the stock at a 16% premium 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 | — | 2.55 | 2.46 | 3.96 | 4.64 | 3.25 | 3.67 | 6.55 | 7.35 | 8.15 | 6.87 |
| EV / EBITDA | 13.26 | 12.00 | 9.04 | 12.47 | 9.34 | 7.93 | 10.03 | 16.36 | 15.74 | 16.50 | 15.25 |
| EV / EBIT | 13.70 | 12.40 | 13.77 | 13.35 | 11.34 | 9.09 | 11.85 | 18.30 | 18.60 | 19.18 | 16.45 |
| EV / FCF | — | 17.24 | 8.51 | 21.83 | 13.25 | 7.44 | 19.29 | 24.22 | 29.25 | 29.92 | 22.68 |
WAFD Profitability
Margins and return-on-capital ratios measuring operating efficiency
WaFd, Inc. earns an operating margin of 20.5%, roughly in line with the Financial Services sector average. Operating margins have compressed from 29.7% to 20.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.5% is modest, trailing the sector median of 9.0%. ROIC of 3.9% represents below-average returns on invested capital versus a sector median of 5.5%.
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 | 50.9% | 50.9% | 49.2% | 64.0% | 89.8% | 86.7% | 75.5% | 74.3% | 80.1% | 80.9% | 81.4% |
| Operating Margin | 20.5% | 20.5% | 17.9% | 29.7% | 40.9% | 35.7% | 30.9% | 35.8% | 39.5% | 42.5% | 41.8% |
| Net Profit Margin | 16.0% | 16.0% | 14.0% | 23.5% | 32.2% | 28.1% | 24.5% | 28.6% | 31.3% | 28.8% | 27.6% |
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 | 7.5% | 7.5% | 7.4% | 11.0% | 10.7% | 8.9% | 8.6% | 10.4% | 10.2% | 8.7% | 8.3% |
| ROA | 0.8% | 0.8% | 0.8% | 1.2% | 1.2% | 1.0% | 1.0% | 1.3% | 1.3% | 1.2% | 1.1% |
| ROIC | 3.9% | 3.9% | 3.1% | 4.7% | 5.5% | 4.1% | 3.7% | 4.6% | 4.5% | 4.6% | 4.7% |
| ROCE | 5.7% | 5.7% | 4.0% | 6.1% | 7.2% | 5.4% | 4.8% | 6.0% | 5.9% | 6.1% | 6.3% |
WAFD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
WaFd, Inc. carries a Debt/EBITDA ratio of 6.1x, which is highly leveraged (42% above the sector average of 4.3x). Net debt stands at $1.2B ($1.8B total debt minus $657M cash). 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.60 | 0.60 | 1.11 | 1.50 | 0.93 | 0.81 | 1.34 | 1.11 | 1.17 | 1.11 | 1.05 |
| Debt / EBITDA | 6.07 | 6.07 | 8.51 | 10.49 | 5.84 | 6.44 | 10.42 | 7.66 | 7.67 | 7.47 | 7.77 |
| Net Debt / Equity | — | 0.38 | 0.31 | 1.10 | 0.63 | -0.17 | 0.50 | 0.90 | 1.03 | 0.95 | 0.82 |
| Net Debt / EBITDA | 3.87 | 3.87 | 2.40 | 7.67 | 3.96 | -1.39 | 3.85 | 6.23 | 6.78 | 6.42 | 6.09 |
| Debt / FCF | — | 5.57 | 2.26 | 13.42 | 5.61 | -1.30 | 7.40 | 9.22 | 12.60 | 11.64 | 9.06 |
| Interest Coverage | 0.42 | 0.42 | 0.36 | 0.92 | 4.18 | 2.70 | 1.44 | 1.38 | 1.91 | 2.19 | 2.13 |
WAFD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.15x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.15 | 0.15 | 0.24 | 0.19 | 0.17 | 0.27 | 0.29 | 0.16 | 0.14 | 0.15 | 0.22 |
| Quick Ratio | 0.15 | 0.15 | 0.24 | 0.19 | 0.17 | 0.27 | 0.29 | 0.16 | 0.14 | 0.15 | 0.22 |
| Cash Ratio | 0.03 | 0.03 | 0.11 | 0.06 | 0.04 | 0.13 | 0.12 | 0.03 | 0.02 | 0.03 | 0.04 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WAFD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
WaFd, Inc. returns 6.5% to shareholders annually — split between a 2.9% dividend yield and 3.6% buyback yield. The payout ratio of 37.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.2% (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 | 2.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 37.4% | 37.4% | 37.1% | 24.8% | 26.1% | 35.9% | 38.3% | 30.1% | 27.5% | 42.9% | 30.4% |
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 | 7.2% | 8.7% | 7.2% | 14.5% | 11.3% | 7.0% | 10.8% | 7.1% | 7.5% | 5.8% | 6.7% |
| FCF Yield | 7.4% | 8.6% | 16.0% | 11.9% | 13.1% | 11.4% | 8.4% | 6.7% | 6.0% | 5.5% | 7.3% |
| Buyback Yield | 3.6% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $80M | $74M | $65M | $65M | $73M | $77M | $80M | $85M | $89M | $92M |
Peer Comparison
Compare WAFD 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 |
|---|---|---|---|---|---|---|---|---|---|
 WAFDYou | $3B | 13.9 | 13.3 | 13.5 | 50.9% | 20.5% | 7.5% | 3.9% | 6.1 |
 COLB | $7B | 13.3 | 12.0 | 10.3 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 BANR | $2B | 11.5 | 9.4 | 8.9 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 HOMB | $5B | 11.5 | 9.3 | 11.3 | 77.3% | 43.8% | 11.5% | 8.7% | 1.5 |
 GBCI | $6B | 24.3 | 24.3 | 18.1 | 69.0% | 22.9% | 6.4% | 3.5% | 7.9 |
 CVBF | $3B | 13.7 | 13.2 | 13.0 | 79.9% | 43.8% | 9.3% | 6.8% | 3.5 |
 WBS | $12B | 12.8 | 11.2 | 12.1 | 60.8% | 28.5% | 10.8% | 7.2% | 3.4 |
 BOKF | $8B | 14.2 | 13.7 | 13.8 | 63.7% | 21.4% | 10.1% | 5.2% | 5.8 |
 IBOC | $5B | 11.1 | 8.7 | 9.2 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 FFIN | $5B | 18.5 | 11.4 | 15.3 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 WSFS | $4B | 14.6 | 7.1 | 18.3 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
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Includes 30+ ratios · 30 years · Updated daily
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WAFD — Frequently Asked Questions
Quick answers to the most common questions about buying WAFD stock.
What is WaFd, Inc.'s P/E ratio?
WaFd, Inc.'s current P/E ratio is 13.9x. The historical average is 14.1x. This places it at the 63th percentile of its historical range.
What is WaFd, Inc.'s EV/EBITDA?
WaFd, Inc.'s current EV/EBITDA is 13.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.0x.
What is WaFd, Inc.'s ROE?
WaFd, Inc.'s return on equity (ROE) is 7.5%. The historical average is 10.3%.
Is WAFD stock overvalued?
Based on historical data, WaFd, Inc. is trading at a P/E of 13.9x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is WaFd, Inc.'s dividend yield?
WaFd, Inc.'s current dividend yield is 2.89% with a payout ratio of 37.4%.
What are WaFd, Inc.'s profit margins?
WaFd, Inc. has 50.9% gross margin and 20.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does WaFd, Inc. have?
WaFd, Inc.'s Debt/EBITDA ratio is 6.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.