Westwood Holdings Group, Inc. (WHG) Financial Ratios
25 years of historical data (2001–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↓
12.27
↓-10% vs avg
5yr avg: 13.70
30Y Low6.5·High28.9
P/FCF
↑
8.69
↑+50% vs avg
5yr avg: 5.78
30Y Low1.7·High86.3
P/B Ratio
↑
1.15
+15% vs avg
5yr avg: 1.00
30Y Low0.8·High7.9
ROE
↓
5.7%
↓+40% vs avg
5yr avg: 4.1%
30Y Low-6%·High31%
Debt/EBITDA
↑
0.90
+18% vs avg
5yr avg: 0.76
30Y Low0.3·High1.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WHG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Westwood Holdings Group, Inc. trades at 20.7x earnings, 19% below its 5-year average of 25.5x, 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 58%. On a free-cash-flow basis, the stock trades at 8.7x P/FCF, 50% above the 5-year average of 5.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $155M | $153M | $124M | $102M | $87M | $134M | $116M | $251M | $291M | $556M | $490M |
| Enterprise Value | $139M | $137M | $108M | $91M | $70M | $125M | $111M | $210M | $249M | $502M | $456M |
| P/E Ratio → | 20.73 | 21.78 | 55.81 | 10.74 | — | 13.77 | — | 42.31 | 10.86 | 27.82 | 21.66 |
| P/S Ratio | 1.59 | 1.56 | 1.30 | 1.14 | 1.27 | 1.84 | 1.78 | 2.98 | 2.38 | 4.16 | 3.98 |
| P/B Ratio | 1.15 | 1.21 | 1.01 | 0.83 | 0.79 | 1.14 | 0.89 | 1.69 | 1.80 | 3.56 | 3.35 |
| P/FCF | 8.69 | 8.55 | 5.88 | — | 1.69 | 6.99 | — | 8.09 | 9.53 | 11.87 | 10.75 |
| P/OCF | 8.65 | 8.51 | 5.85 | — | 1.68 | 6.93 | — | 7.79 | 9.23 | 11.58 | 10.34 |
P/E links to full P/E history page with 30-year chart
WHG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Westwood Holdings Group, Inc.'s enterprise value stands at 12.3x EBITDA, 10% below its 5-year average of 13.7x. The Financial Services sector median is 11.5x, placing the stock at a 7% 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 | — | 1.40 | 1.14 | 1.01 | 1.01 | 1.71 | 1.70 | 2.50 | 2.04 | 3.75 | 3.71 |
| EV / EBITDA | 12.27 | 12.06 | 19.34 | 8.38 | — | 15.03 | — | 28.93 | 6.47 | 13.64 | 12.35 |
| EV / EBIT | 20.17 | 14.14 | 18.90 | 26.31 | 31.31 | 21.01 | — | 32.36 | 7.51 | 12.71 | 13.56 |
| EV / FCF | — | 7.65 | 5.14 | — | 1.35 | 6.52 | — | 6.78 | 8.16 | 10.72 | 10.01 |
WHG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Westwood Holdings Group, Inc. earns an operating margin of 7.1%, below the Financial Services sector average of 21.6%. ROE of 5.7% is modest, trailing the sector median of 9.4%. ROIC of 3.9% represents below-average 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 | 86.5% | 86.5% | 40.9% | 41.1% | 41.6% | 41.8% | 35.3% | 40.4% | 51.0% | 51.4% | 50.0% |
| Operating Margin | 7.1% | 7.1% | 0.9% | 6.7% | -7.1% | 8.2% | -5.3% | 5.5% | 29.4% | 25.3% | 27.6% |
| Net Profit Margin | 7.2% | 7.2% | 2.3% | 11.8% | -6.7% | 13.4% | -13.7% | 7.0% | 21.9% | 14.9% | 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 | 5.7% | 5.7% | 1.8% | 9.1% | -4.0% | 7.9% | -6.4% | 3.8% | 16.8% | 13.2% | 16.2% |
| ROA | 4.5% | 4.5% | 1.4% | 7.0% | -3.2% | 6.8% | -5.5% | 3.1% | 13.7% | 10.7% | 12.5% |
| ROIC | 3.9% | 3.9% | 0.5% | 3.6% | -3.0% | 3.4% | -1.7% | 2.1% | 16.4% | 16.8% | 18.2% |
| ROCE | 5.4% | 5.4% | 0.6% | 4.6% | -3.9% | 4.6% | -2.3% | 2.8% | 21.6% | 21.8% | 23.7% |
WHG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Westwood Holdings Group, Inc. carries a Debt/EBITDA ratio of 0.9x, which is very conservative (78% below the sector average of 4.1x). The company holds a net cash position — cash of $26M exceeds total debt of $10M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.08 | 0.03 | 0.07 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | — | — |
| Debt / EBITDA | 0.90 | 0.90 | 0.57 | 0.84 | — | 0.74 | — | 1.29 | 0.28 | — | — |
| Net Debt / Equity | — | -0.13 | -0.13 | -0.09 | -0.16 | -0.08 | -0.04 | -0.27 | -0.26 | -0.35 | -0.23 |
| Net Debt / EBITDA | -1.42 | -1.42 | -2.80 | -1.05 | — | -1.09 | — | -5.56 | -1.08 | -1.47 | -0.91 |
| Debt / FCF | — | -0.90 | -0.74 | — | -0.35 | -0.47 | — | -1.30 | -1.37 | -1.16 | -0.74 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($26M) exceeds total debt ($10M)
WHG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.81x means Westwood Holdings Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 3.01x to 1.81x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.81 | 1.81 | 2.66 | 3.01 | 3.30 | 5.92 | 8.17 | 5.48 | 5.15 | 4.38 | 3.91 |
| Quick Ratio | 1.81 | 1.81 | 2.66 | 3.01 | 3.30 | 5.92 | 8.17 | 5.48 | 5.15 | 4.38 | 3.91 |
| Cash Ratio | 0.74 | 0.74 | 0.82 | 0.90 | 1.35 | 0.96 | 1.10 | 2.33 | 1.93 | 1.72 | 1.14 |
| Asset Turnover | — | 0.60 | 0.63 | 0.58 | 0.47 | 0.52 | 0.44 | 0.47 | 0.61 | 0.69 | 0.68 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WHG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Westwood Holdings Group, Inc. returns 4.5% to shareholders annually — split between a 3.7% dividend yield and 0.9% buyback yield. The payout ratio of 75.8% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.8% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.7% | 3.5% | 4.4% | 5.4% | 6.4% | 17.1% | 9.5% | 10.4% | 8.5% | 3.9% | 4.0% |
| Payout Ratio | 75.8% | 75.8% | 246.0% | 52.0% | — | 234.9% | — | 441.4% | 92.0% | 109.7% | 85.8% |
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 | 4.8% | 4.6% | 1.8% | 9.3% | — | 7.3% | — | 2.4% | 9.2% | 3.6% | 4.6% |
| FCF Yield | 11.5% | 11.7% | 17.0% | — | 59.0% | 14.3% | — | 12.4% | 10.5% | 8.4% | 9.3% |
| Buyback Yield | 0.9% | 0.9% | 1.1% | 0.0% | 4.0% | 2.2% | 12.1% | 1.9% | 3.0% | 1.0% | 1.9% |
| Total Shareholder Yield | 4.5% | 4.4% | 5.5% | 5.4% | 10.4% | 19.3% | 21.7% | 12.3% | 11.5% | 4.9% | 5.9% |
| Shares Outstanding | — | $9M | $9M | $8M | $8M | $8M | $8M | $8M | $9M | $8M | $8M |
Peer Comparison
Compare WHG 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 |
|---|---|---|---|---|---|---|---|---|---|
 WHGYou | $155M | 20.7 | 12.3 | 8.7 | 86.5% | 7.1% | 5.7% | 3.9% | 0.9 |
 VRTS | $949M | 7.1 | 16.2 | — | 74.9% | 17.4% | 13.5% | 3.0% | 13.9 |
 DHIL | $473M | 9.8 | 110.4 | — | 96.0% | 38.4% | 28.8% | 1.3% | 103.4 |
 GROW | $35M | -104.8 | — | — | 41.7% | -35.3% | -0.7% | -4.7% | — |
 HNNA | $81M | 8.0 | 3.6 | 6.0 | 70.1% | 37.0% | 10.5% | 7.3% | 3.0 |
 AMG | $8B | 13.1 | 10.6 | 7.9 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 MORN | $7B | 20.1 | 10.7 | 15.3 | 61.0% | 21.5% | 26.3% | 15.3% | 2.0 |
 CNNE | $1B | -1.5 | — | — | 12.7% | -28.2% | -29.9% | -5.7% | — |
 GCMG | $2B | 26.6 | 15.3 | 11.9 | 99.2% | 26.9% | 244.6% | 22.1% | 3.2 |
 BLK | $166B | 25.4 | 20.6 | 35.2 | 49.4% | 37.1% | 14.1% | 9.9% | 1.8 |
 NTRS | $30B | 18.3 | -4.7 | 5.4 | 56.5% | 16.3% | 13.5% | 6.0% | 5.1 |
| 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 ComparisonWHG — Frequently Asked Questions
Quick answers to the most common questions about buying WHG stock.
What is Westwood Holdings Group, Inc.'s P/E ratio?
Westwood Holdings Group, Inc.'s current P/E ratio is 20.7x. The historical average is 24.1x. This places it at the 41th percentile of its historical range.
What is Westwood Holdings Group, Inc.'s EV/EBITDA?
Westwood Holdings Group, Inc.'s current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.1x.
What is Westwood Holdings Group, Inc.'s ROE?
Westwood Holdings Group, Inc.'s return on equity (ROE) is 5.7%. The historical average is 15.7%.
Is WHG stock overvalued?
Based on historical data, Westwood Holdings Group, Inc. is trading at a P/E of 20.7x. 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 Westwood Holdings Group, Inc.'s dividend yield?
Westwood Holdings Group, Inc.'s current dividend yield is 3.69% with a payout ratio of 75.8%.
What are Westwood Holdings Group, Inc.'s profit margins?
Westwood Holdings Group, Inc. has 86.5% gross margin and 7.1% operating margin.
How much debt does Westwood Holdings Group, Inc. have?
Westwood Holdings Group, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.