Latest Ratios: P/E Ratio 8.3x · EV/EBITDA 17.5x · ROE 9.3%. (2015–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.8B | $14.9B | $7.7B | $7.4B | $6.7B | $7.8B | $6.6B | $6.9B | $9.5B | $10.1B | $7.3B |
| Enterprise Value | $68.4B | $68.17T | $56.55T | $45.81T | $39.18T | $49.35T | $48.95T | $45.53T | $42.92T | $39.66T | $61.87T |
| P/E Ratio → | 8.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| P/S Ratio | 6.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 0.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 1.96 | 0.00 | — | 0.01 | 0.00 | 0.00 | — | 0.01 | 0.00 | — | 0.00 |
| P/OCF | 1.89 | 0.00 | — | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | 0.00 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 16.56 | 4.48 | 3.88 | 3.43 | 5.14 | 6.34 | 5.88 | 5.76 | 5.48 | 9.89 |
| EV / EBITDA | 17.51 | 12.70 | 10.50 | 10.16 | 7.15 | 11.02 | 19.30 | 14.10 | 13.95 | 18.15 | 34.27 |
| EV / EBIT | 22.83 | 16.56 | 13.39 | 13.02 | 8.62 | 13.38 | 24.46 | 16.72 | 15.30 | 20.35 | 39.83 |
| EV / FCF | — | 5.19 | — | 37.28 | 2.14 | 13.93 | — | 34.64 | 4.84 | — | 13.50 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 100.0% | 100.0% | 86.4% | 84.1% | 92.3% | 94.5% | 89.9% | 95.2% | 95.6% | 89.2% | 86.7% |
| Operating Margin | 100.0% | 100.0% | 33.5% | 29.8% | 39.8% | 38.4% | 25.9% | 35.2% | 37.6% | 26.9% | 24.8% |
| Net Profit Margin | 78.8% | 78.8% | 24.4% | 21.2% | 27.9% | 26.5% | 16.9% | 24.2% | 27.3% | 20.9% | 20.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 8.9% | 7.7% | 10.5% | 9.2% | 5.0% | 7.9% | 9.6% | 8.1% | 7.7% |
| ROA | 0.6% | 0.6% | 0.6% | 0.5% | 0.7% | 0.6% | 0.3% | 0.5% | 0.6% | 0.5% | 0.4% |
| ROIC | 2.5% | 2.5% | 2.8% | 2.5% | 3.3% | 3.0% | 1.8% | 2.7% | 3.0% | 2.2% | 1.9% |
| ROCE | 1.2% | 1.2% | 3.1% | 2.8% | 3.7% | 3.5% | 2.2% | 3.3% | 3.7% | 1.1% | 0.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.77 | 2.77 | 2.34 | 2.29 | 2.32 | 2.43 | 2.21 | 2.04 | 2.26 | 2.26 | 2.71 |
| Debt / EBITDA | 17.61 | 17.61 | 15.56 | 16.93 | 13.40 | 15.62 | 23.23 | 16.08 | 16.14 | 21.31 | 25.43 |
| Net Debt / Equity | — | 2.00 | 1.58 | 1.37 | 1.24 | 1.71 | 1.83 | 1.79 | 1.95 | 1.93 | 3.65 |
| Net Debt / EBITDA | 12.70 | 12.70 | 10.50 | 10.15 | 7.15 | 11.02 | 19.29 | 14.10 | 13.94 | 18.15 | 34.27 |
| Debt / FCF | — | 5.19 | — | 37.28 | 2.14 | 13.93 | — | 34.63 | 4.84 | — | 13.50 |
| Interest Coverage | — | — | 0.32 | 0.30 | 0.76 | 1.27 | 0.57 | 0.58 | 0.70 | 0.59 | 0.44 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.93 | 0.93 | 0.22 | 0.23 | 0.23 | 0.23 | 0.17 | 0.17 | 0.15 | 0.15 | 1.02 |
| Quick Ratio | 0.93 | 0.93 | 0.22 | 0.23 | 0.23 | 0.23 | 0.17 | 0.17 | 0.15 | 0.15 | 1.02 |
| Cash Ratio | 0.53 | 0.53 | 0.07 | 0.08 | 0.10 | 0.06 | 0.03 | 0.02 | 0.03 | 0.03 | -0.47 |
| Asset Turnover | — | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 3.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 28.6% | 28.6% | 28.5% | 39.0% | 20.6% | 14.5% | 38.7% | 23.4% | 16.6% | 22.3% | 13.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.1% | 21836.4% | 37910.7% | 32062.6% | 45671.2% | 32502.2% | 19089.3% | 27014.3% | 21291.0% | 13275.3% | 14538.1% |
| FCF Yield | 50.9% | 88410.7% | — | 16587.0% | 273681.5% | 45648.0% | — | 19010.8% | 92835.6% | — | 63171.1% |
| Buyback Yield | 0.6% | 100.0% | 100.0% | 100.0% | 0.0% | 48.4% | 0.0% | 100.0% | 0.0% | 0.0% | 100.0% |
| Total Shareholder Yield | 4.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $253M | $247M | $245M | $243M | $241M | $241M | $228M | $227M | $227M | $227M |
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying WF stock.
Woori Financial Group Inc.'s current P/E ratio is 8.3x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
Woori Financial Group Inc.'s current EV/EBITDA is 17.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.2x.
Woori Financial Group Inc.'s return on equity (ROE) is 9.3%. The historical average is 8.1%.
Based on historical data, Woori Financial Group Inc. is trading at a P/E of 8.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Woori Financial Group Inc.'s current dividend yield is 3.45% with a payout ratio of 28.6%.
Woori Financial Group Inc. has 100.0% gross margin and 100.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Woori Financial Group Inc.'s Debt/EBITDA ratio is 17.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Project finance real estate exposure
Deep Discount Reflects Structural Discount
Woori Financial Group trades at a P/B of 0.76, a significant discount to its Korean peer KB Financial Group at 1.07, suggesting the market prices it as a commodity balance sheet rather than a premium franchise.
The persistent discount to book value, despite a reported ROE of 2.6% in 2026Q2, indicates the market is skeptical of the sustainability of this profitability level or is applying a higher risk premium due to the bank's concentrated domestic exposure and lack of a life insurance arm. The valuation implies expectations of a return on tangible equity well below the cost of equity, which may only be corrected through a sustained improvement in core NIM or a successful strategic acquisition to diversify income streams.
NIM Volatility Drives Erratic ROE
DuPont decomposition reveals that Woori's ROE is highly sensitive to NIM swings, with the 2026Q2 ROE of 2.6% driven by a NIM of 2.1%, a level that appears anomalous compared to the stable 0.4% NIM observed for most of the prior eight quarters.
The extreme volatility in NIM, from 0.4% to 2.1%, is the primary driver of ROE fluctuations, overshadowing the relatively stable equity multiplier (Eq/TA of 0.07). This suggests that reported profitability is not driven by consistent operational efficiency or leverage but by factors that may include accounting reclassifications or one-time items, making the quality of earnings questionable. The negative fee income ratio of -9.0% in 2026Q2 further indicates that non-interest income is currently a drag on overall returns.
NIM Spike Contradicts Rate Cycle Peak
The reported NIM of 2.1% in 2026Q2 is a dramatic outlier from the historical 0.4% average, which appears inconsistent with the peaking Bank of Korea rate cycle and warrants investigation into potential changes in asset-liability reporting.
For a bank whose core advantage is a stable, low-cost deposit base from public-sector relationships, such a sharp NIM expansion is unusual and may not reflect sustainable funding cost advantages. If this NIM level is genuine, it could indicate a successful repricing of assets, but the lack of corresponding efficiency ratio data for recent quarters prevents a full assessment of whether this margin expansion is translating into improved operating leverage.
Adequate Capital Supports Cautious Allocation
With an equity-to-assets ratio of 7% and a tangible book value per share of 160,597, Woori maintains a capital position that appears adequate for regulatory compliance and modest shareholder returns, but the lack of disclosed CET1 ratios limits a precise assessment of its buffer.
The stable equity-to-assets ratio over ten quarters suggests management is not aggressively leveraging the balance sheet, which is prudent given the volatile earnings environment. However, the absence of explicit Tier 1 or CET1 data in the provided metrics means investors cannot fully gauge the bank's capacity for strategic M&A or enhanced capital returns, a key consideration given its stated goal of acquiring a securities or insurance arm.
Provision Volatility Obscures Credit Trends
The extreme volatility in provision expense, swinging from positive to deeply negative figures, makes it impossible to assess the true trajectory of asset quality, particularly regarding the bank's significant project finance exposure to Korean real estate.
The reported negative provisions in recent quarters suggest large reversals of prior reserves, which could artificially inflate net income and mask underlying credit deterioration in the construction and SME sectors. Without a stable, comparable provision coverage ratio, investors should be cautious about interpreting headline earnings as reflective of the bank's true credit risk profile, especially given the known headwinds in the domestic property market.
P/E Misleads on Earnings Quality
The P/E ratio of 7.95 is the most commonly misapplied metric for Woori, as it is distorted by volatile provisions and potential non-recurring items that make the denominator unreliable for assessing sustainable earnings power.
For a bank with erratic provision swings and negative non-interest income, the P/E multiple provides a misleadingly low valuation signal. A more appropriate metric is the P/B ratio, which anchors valuation to the balance sheet and is less susceptible to earnings manipulation through provisioning. Investors should focus on the P/B relative to the bank's return on tangible equity to gauge whether the market is correctly pricing its core banking franchise.