Wells Fargo & Company (WFC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Diversified
EV/EBITDA
↑
17.58
↑+69% vs avg
5yr avg: 10.43
30Y Low4.2·High90.9
P/FCF
↑
N/A
—
5yr avg: 30.22
30Y Low3.1·High80.3
P/B Ratio
↑
1.45
↑+23% vs avg
5yr avg: 1.17
30Y Low0.7·High3.6
ROE
↓
11.7%
↓+13% vs avg
5yr avg: 10.4%
30Y Low2%·High39%
Debt/EBITDA
↑
14.51
↑+46% vs avg
5yr avg: 9.91
30Y Low4.0·High25.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WFC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Wells Fargo & Company trades at 13.0x earnings, 7% above its 5-year average of 12.2x, sitting at the 23rd percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $264.5B | $299.9B | $243.6B | $183.1B | $158.4B | $196.5B | $124.8B | $238.1B | $223.0B | $304.4B | $281.5B |
| Enterprise Value | $516.0B | $551.4B | $322.1B | $243.0B | $225.3B | $157.4B | $132.1B | $429.5B | $384.5B | $416.7B | $612.6B |
| P/E Ratio → | 13.01 | 14.75 | 13.08 | 10.19 | 13.15 | 9.62 | 73.61 | 13.15 | 10.77 | 14.80 | 13.81 |
| P/S Ratio | 2.14 | 2.43 | 1.94 | 1.59 | 1.90 | 2.37 | 1.52 | 2.25 | 2.21 | 3.11 | 2.99 |
| P/B Ratio | 1.45 | 1.64 | 1.35 | 0.98 | 0.87 | 1.03 | 0.67 | 1.27 | 1.13 | 1.46 | 1.40 |
| P/FCF | — | — | 80.25 | 4.54 | 5.86 | — | 60.83 | 35.38 | 6.18 | 16.35 | 279.28 |
| P/OCF | — | — | 80.25 | 4.54 | 5.86 | — | 60.83 | 35.38 | 6.18 | 16.26 | 279.28 |
P/E links to full P/E history page with 30-year chart
WFC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Wells Fargo & Company's enterprise value stands at 17.6x EBITDA, 69% above its 5-year average of 10.4x. The Financial Services sector median is 11.4x, placing the stock at a 54% 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 | — | 4.46 | 2.57 | 2.11 | 2.70 | 1.89 | 1.61 | 4.06 | 3.80 | 4.26 | 6.51 |
| EV / EBITDA | 17.58 | 18.79 | 10.42 | 8.71 | 10.03 | 4.20 | 12.32 | 13.20 | 11.27 | 12.71 | 16.52 |
| EV / EBIT | 20.48 | 21.88 | 13.79 | 11.23 | 14.41 | 5.32 | 52.74 | 16.54 | 13.47 | 15.22 | 19.07 |
| EV / FCF | — | — | 106.12 | 6.02 | 8.33 | — | 64.41 | 63.82 | 10.66 | 22.38 | 607.79 |
WFC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Wells Fargo & Company earns an operating margin of 20.4%, roughly in line with the Financial Services sector average. Operating margins have expanded from 18.8% to 20.4% over the past 3 years, signaling improving operational efficiency. ROE of 11.7% is modest. ROIC of 3.5% 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 | 64.8% | 64.8% | 62.2% | 66.9% | 87.3% | 100.3% | 73.1% | 79.6% | 83.8% | 87.8% | 89.7% |
| Operating Margin | 20.4% | 20.4% | 18.6% | 18.8% | 18.7% | 35.6% | 3.0% | 24.6% | 28.2% | 28.0% | 34.1% |
| Net Profit Margin | 17.3% | 17.3% | 15.7% | 16.6% | 16.4% | 26.6% | 4.1% | 18.7% | 22.2% | 22.7% | 23.3% |
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 | 11.7% | 11.7% | 10.7% | 10.4% | 7.3% | 11.8% | 1.8% | 10.2% | 11.1% | 10.9% | 11.1% |
| ROA | 1.0% | 1.0% | 1.0% | 1.0% | 0.7% | 1.1% | 0.2% | 1.0% | 1.2% | 1.1% | 1.2% |
| ROIC | 3.5% | 3.5% | 3.7% | 3.6% | 3.0% | 5.3% | 0.4% | 3.7% | 4.0% | 3.8% | 4.6% |
| ROCE | 5.8% | 5.8% | 5.0% | 5.0% | 4.2% | 7.6% | 0.6% | 6.0% | 6.5% | 6.0% | 7.3% |
WFC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Wells Fargo & Company carries a Debt/EBITDA ratio of 14.5x, which is highly leveraged (240% above the sector average of 4.3x). Net debt stands at $251.5B ($425.7B total debt minus $174.2B cash). Interest coverage of just 0.6x 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 | 2.33 | 2.33 | 1.56 | 1.59 | 1.24 | 1.03 | 1.46 | 1.77 | 1.70 | 1.58 | 1.75 |
| Debt / EBITDA | 14.51 | 14.51 | 9.12 | 10.65 | 10.06 | 5.21 | 25.36 | 10.22 | 9.81 | 10.01 | 9.49 |
| Net Debt / Equity | — | 1.37 | 0.43 | 0.32 | 0.37 | -0.21 | 0.04 | 1.02 | 0.82 | 0.54 | 1.65 |
| Net Debt / EBITDA | 8.57 | 8.57 | 2.54 | 2.15 | 2.98 | -1.04 | 0.68 | 5.88 | 4.73 | 3.43 | 8.93 |
| Debt / FCF | — | — | 25.87 | 1.48 | 2.47 | — | 3.58 | 28.45 | 4.48 | 6.03 | 328.50 |
| Interest Coverage | 0.63 | 0.63 | 0.54 | 0.66 | 1.72 | 7.55 | 0.31 | 1.38 | 1.95 | 2.93 | 5.44 |
WFC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.29x is below 1.0, meaning current liabilities exceed current assets — though the company's $174.2B 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 | 0.29 | 0.29 | 0.27 | 0.29 | 0.21 | 0.28 | 0.35 | 0.31 | 0.34 | 0.19 | 0.06 |
| Quick Ratio | 0.29 | 0.29 | 0.27 | 0.29 | 0.21 | 0.28 | 0.35 | 0.31 | 0.34 | 0.19 | 0.06 |
| Cash Ratio | 0.10 | 0.10 | 0.14 | 0.16 | 0.11 | 0.15 | 0.17 | 0.09 | 0.12 | 0.14 | 0.01 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WFC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Wells Fargo & Company returns 9.4% to shareholders annually — split between a 2.1% dividend yield and 7.4% buyback yield. The payout ratio of 25.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.7% (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 | 2.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 25.5% | 25.5% | 26.0% | 25.0% | 30.5% | 11.0% | 143.7% | 41.6% | 34.4% | 33.7% | 34.1% |
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 | 7.7% | 6.8% | 7.6% | 9.8% | 7.6% | 10.4% | 1.4% | 7.6% | 9.3% | 6.8% | 7.2% |
| FCF Yield | — | — | 1.2% | 22.0% | 17.1% | — | 1.6% | 2.8% | 16.2% | 6.1% | 0.4% |
| Buyback Yield | 7.4% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 9.4% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $3.2B | $3.5B | $3.7B | $3.8B | $4.1B | $4.1B | $4.4B | $4.8B | $5.0B | $5.1B |
Peer Comparison
Compare WFC 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 |
|---|---|---|---|---|---|---|---|---|---|
 WFCYou | $265B | 13.0 | 17.6 | — | 64.8% | 20.4% | 11.7% | 3.5% | 14.5 |
 JPM | $909B | 16.2 | 18.5 | 9.0 | 59.9% | 26.0% | 16.1% | 4.5% | 11.6 |
 BAC | $424B | 14.7 | 14.0 | 33.6 | 56.1% | 19.7% | 10.2% | 3.5% | 9.1 |
 C | $267B | 20.5 | 27.4 | 12.0 | 44.6% | 11.8% | 6.7% | 1.7% | 31.0 |
 USB | $90B | 12.6 | 11.8 | 11.4 | 62.8% | 22.2% | 12.2% | 5.2% | 7.6 |
 PNC | $91B | 14.0 | 12.7 | 9.7 | 71.7% | 27.1% | 12.1% | 5.4% | 6.7 |
 GS | $348B | 21.4 | 33.0 | — | 47.5% | 17.5% | 13.9% | 2.2% | 25.4 |
 MS | $356B | 21.9 | 27.0 | 7.7 | 57.1% | 19.1% | 15.5% | 3.1% | 17.9 |
 TFC | $62B | 12.7 | 13.5 | 10.8 | 62.2% | 20.9% | 8.2% | 3.6% | 9.9 |
 KEY | $25B | 14.9 | 14.8 | 11.8 | 62.3% | 20.6% | 9.5% | 5.4% | 4.7 |
 RF | $25B | 12.5 | 6.8 | 11.5 | 74.6% | 28.5% | 11.7% | 8.5% | 1.7 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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WFC — Frequently Asked Questions
Quick answers to the most common questions about buying WFC stock.
What is Wells Fargo & Company's P/E ratio?
Wells Fargo & Company's current P/E ratio is 13.0x. The historical average is 18.0x. This places it at the 23th percentile of its historical range.
What is Wells Fargo & Company's EV/EBITDA?
Wells Fargo & Company's current EV/EBITDA is 17.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.4x.
What is Wells Fargo & Company's ROE?
Wells Fargo & Company's return on equity (ROE) is 11.7%. The historical average is 13.8%.
Is WFC stock overvalued?
Based on historical data, Wells Fargo & Company is trading at a P/E of 13.0x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Wells Fargo & Company's dividend yield?
Wells Fargo & Company's current dividend yield is 2.05% with a payout ratio of 25.5%.
What are Wells Fargo & Company's profit margins?
Wells Fargo & Company has 64.8% gross margin and 20.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Wells Fargo & Company have?
Wells Fargo & Company's Debt/EBITDA ratio is 14.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.