Latest Ratios: P/E Ratio 15.1x · EV/EBITDA 7.3x · ROE 10.8%. (1996–2025 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 | $4.0B | $3.0B | $3.2B | $2.8B | $2.9B | $2.4B | $2.3B | $2.3B | $1.2B | $1.5B | $1.4B |
| Enterprise Value | $3.0B | $2.0B | $2.4B | $2.6B | $2.8B | $1.1B | $962M | $2.2B | $1.3B | $1.8B | $1.9B |
| P/E Ratio → | 15.13 | 10.85 | 12.05 | 10.44 | 12.99 | 8.81 | 19.77 | 15.22 | 9.05 | 30.67 | 22.50 |
| P/S Ratio | 3.76 | 2.82 | 3.04 | 2.77 | 3.13 | 3.86 | 3.44 | 3.58 | 2.99 | 4.49 | 4.82 |
| P/B Ratio | 1.54 | 1.11 | 1.23 | 1.14 | 1.31 | 1.23 | 1.27 | 1.23 | 1.49 | 2.13 | 2.10 |
| P/FCF | 18.76 | 14.06 | 15.43 | 12.19 | 6.11 | 20.08 | 284.17 | 29.98 | 9.38 | 12.62 | 20.49 |
| P/OCF | 18.21 | 13.65 | 14.43 | 11.86 | 6.00 | 19.03 | 149.82 | 25.24 | 8.99 | 11.87 | 17.97 |
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 | — | 1.86 | 2.30 | 2.58 | 3.01 | 1.78 | 1.46 | 3.45 | 3.19 | 5.11 | 6.32 |
| EV / EBITDA | 7.31 | 4.85 | 6.21 | 6.33 | 7.70 | 2.79 | 5.25 | 8.95 | 7.13 | 14.65 | 17.65 |
| EV / EBIT | 7.83 | 5.20 | 6.92 | 7.17 | 9.25 | 3.08 | 6.64 | 11.25 | 7.60 | 16.22 | 19.45 |
| EV / FCF | — | 9.27 | 11.69 | 11.35 | 5.89 | 9.26 | 120.49 | 28.89 | 9.98 | 14.37 | 26.88 |
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 | 95.3% | 95.3% | 94.1% | 91.3% | 94.8% | 119.0% | 76.8% | 95.8% | 96.8% | 96.8% | 95.7% |
| Operating Margin | 35.7% | 35.7% | 33.3% | 36.0% | 32.6% | 57.8% | 22.0% | 30.7% | 41.9% | 31.5% | 32.5% |
| Net Profit Margin | 27.0% | 27.0% | 25.3% | 26.5% | 24.1% | 43.8% | 17.4% | 23.5% | 33.1% | 14.6% | 21.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.8% | 10.8% | 10.4% | 11.5% | 10.7% | 14.6% | 6.3% | 11.1% | 17.4% | 7.1% | 10.1% |
| ROA | 1.4% | 1.4% | 1.3% | 1.3% | 1.2% | 1.8% | 0.9% | 1.5% | 1.9% | 0.7% | 1.0% |
| ROIC | 9.5% | 9.5% | 8.2% | 8.7% | 8.8% | 12.5% | 4.9% | 7.6% | 8.0% | 4.5% | 4.2% |
| ROCE | 10.3% | 10.3% | 8.9% | 9.4% | 9.6% | 14.3% | 5.9% | 9.9% | 10.8% | 6.0% | 5.8% |
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 | 0.11 | 0.11 | 0.15 | 0.36 | 0.33 | 0.12 | 0.19 | 0.26 | 0.85 | 1.29 | 1.84 |
| Debt / EBITDA | 0.74 | 0.74 | 0.99 | 2.16 | 2.01 | 0.61 | 1.86 | 2.00 | 3.84 | 7.81 | 11.84 |
| Net Debt / Equity | — | -0.38 | -0.30 | -0.08 | -0.05 | -0.67 | -0.73 | -0.04 | 0.10 | 0.30 | 0.65 |
| Net Debt / EBITDA | -2.51 | -2.51 | -1.99 | -0.47 | -0.29 | -3.26 | -7.13 | -0.34 | 0.43 | 1.78 | 4.19 |
| Debt / FCF | — | -4.79 | -3.74 | -0.84 | -0.22 | -10.82 | -163.69 | -1.09 | 0.61 | 1.75 | 6.39 |
| Interest Coverage | 1.30 | 1.30 | 0.97 | 1.45 | 7.35 | 15.74 | 2.99 | 2.55 | 3.67 | 3.24 | 4.25 |
Net cash position: cash ($1.3B) exceeds total debt ($303M)
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 | 0.08 | 0.08 | 0.11 | 0.11 | 0.09 | 0.15 | 0.16 | 0.08 | 0.32 | 0.30 | 0.34 |
| Quick Ratio | 0.08 | 0.08 | 0.11 | 0.11 | 0.09 | 0.15 | 0.16 | 0.08 | 0.32 | 0.30 | 0.34 |
| Cash Ratio | 0.08 | 0.08 | 0.07 | 0.07 | 0.05 | 0.12 | 0.14 | 0.06 | 0.11 | 0.14 | 0.17 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.06 | 0.05 | 0.04 |
| 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 | 0.9% | 1.2% | 1.1% | 1.3% | 1.2% | 1.0% | 1.1% | 1.0% | 1.1% | 0.6% | 0.5% |
| Payout Ratio | 12.9% | 12.9% | 13.6% | 13.7% | 16.1% | 8.9% | 21.2% | 15.1% | 9.8% | 18.8% | 11.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.6% | 9.2% | 8.3% | 9.6% | 7.7% | 11.4% | 5.1% | 6.6% | 11.1% | 3.3% | 4.4% |
| FCF Yield | 5.3% | 7.1% | 6.5% | 8.2% | 16.4% | 5.0% | 0.4% | 3.3% | 10.7% | 7.9% | 4.9% |
| Buyback Yield | 7.2% | 9.7% | 3.0% | 1.9% | 6.9% | 0.6% | 6.9% | 4.3% | 2.6% | 0.8% | 1.0% |
| Total Shareholder Yield | 8.1% | 10.9% | 4.2% | 3.3% | 8.2% | 1.6% | 7.9% | 5.3% | 3.6% | 1.4% | 1.5% |
| Shares Outstanding | — | $54M | $60M | $61M | $64M | $48M | $51M | $52M | $32M | $32M | $31M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WSFS stock.
WSFS Financial Corporation's current P/E ratio is 15.1x. The historical average is 14.4x. This places it at the 55th percentile of its historical range.
WSFS Financial Corporation's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
WSFS Financial Corporation's return on equity (ROE) is 10.8%. The historical average is 14.6%.
Based on historical data, WSFS Financial Corporation is trading at a P/E of 15.1x. This is at the 55th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
WSFS Financial Corporation's current dividend yield is 0.89% with a payout ratio of 12.9%.
WSFS Financial Corporation has 95.3% gross margin and 35.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
WSFS Financial Corporation's Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
CRE concentration in Philadelphia
Metrics are mathematically derived from official filings.
Premium Multiple for Diversified Model
WSFS trades at 1.60x tangible book, a premium to peers like FULT at 1.28x, reflecting market recognition of its fee-based diversification, though forward P/E of 12.29x implies modest growth expectations.
The P/B of 1.60x is at the high end of the regional peer group, suggesting the market assigns value to the Cash Connect and Wealth Management franchises beyond a pure lending model. However, the forward P/E of 12.29x, while below the TTM multiple of 15.76x, indicates that investors are not pricing in aggressive earnings growth, possibly due to concerns about NIM compression and CRE exposure. The PEG of 0.90x suggests the stock is undervalued relative to its expected growth, but this hinges on the sustainability of fee income and cost discipline.
ROE Expansion on Fee Income
ROE improved to 3.1% in Q2 2026 from 2.4% a year earlier, as reported in financial statements, driven by a 31% EPS surge and stable NIM, though leverage remains low at 12% equity-to-assets.
The DuPont decomposition reveals that ROE is primarily driven by asset utilization and fee income, with non-interest income contributing 25.9% of revenue in Q2 2026, up from 22.2% in Q1 2024. This diversification reduces reliance on NIM, which has been stable at 0.8-0.9% despite rate pressures. The efficiency ratio improvement to 46.6% from 48.9% indicates operating leverage, but the low ROE (3.1%) relative to peers (e.g., IBCP at 14.2%) suggests that the balance sheet is under-leveraged, possibly due to high capital levels and conservative risk appetite.
NIM Stability Amid Rate Pressures
NIM held at 0.8% in Q2 2026, unchanged from the prior quarter, according to the latest earnings release, while the efficiency ratio improved to 46.6%, indicating disciplined expense management and stable funding costs.
The stability of NIM at 0.8-0.9% over the past year suggests that WSFS has managed deposit costs effectively, likely benefiting from its dominant Delaware market share and lower deposit betas. However, the reported revenue decline of 3.1% YoY indicates that net interest income is under pressure from asset yields, possibly due to reinvestment at lower rates. The efficiency ratio improvement to 46.6% from 48.9% a year ago reflects cost synergies from the Bryn Mawr Trust integration and disciplined expense control, which is partially offsetting NIM compression.
Capital Strength Supports Buybacks
Equity-to-assets ratio held steady at 12% in Q2 2026, as per the latest balance sheet, while the company repurchased over 4% of shares in H1 2026, indicating strong capital generation and a commitment to shareholder returns.
The stable equity-to-assets ratio of 12% suggests that WSFS maintains a solid capital base, likely above regulatory minimums, which provides flexibility for continued buybacks and potential M&A. The aggressive repurchase of over 4% of shares in H1 2026, funded by strong operating cash flow, signals management confidence in forward earnings. However, the low ROE of 3.1% implies that the capital is not being deployed as efficiently as peers, possibly due to the high proportion of low-yielding securities on the balance sheet.
Credit Quality Stabilizes, CRE Watch
Provision expense dropped to $5.0M in Q2 2026 from $12.8M a year earlier, as reported in the earnings release, signaling improving credit conditions, though CRE concentration in Philadelphia remains a key risk.
The significant reduction in provision expense suggests that credit quality is stabilizing, with charge-offs and non-performing loans likely declining. However, the bank's exposure to Philadelphia office and retail CRE remains a concern, as urban core valuations could deteriorate. The CEO's commentary that asset quality 'trended positively' provides some comfort, but investors should monitor any signs of stress in the CRE portfolio, which could lead to higher provisions and pressure earnings.
P/E Misleads on Earnings Quality
The P/E ratio is commonly misapplied to WSFS because provision volatility and M&A adjustments distort earnings, as seen in the 31% EPS surge despite a 3.1% revenue decline, obscuring underlying profitability.
For banks, P/E can be misleading due to the cyclicality of provisions and one-time items. WSFS's TTM P/E of 15.76x appears elevated, but the forward P/E of 12.29x suggests the market expects normalization. However, the earnings beat in Q2 2026 was partly driven by lower provisions and fee growth, not core revenue expansion. A more appropriate metric is P/TBV, which at 1.60x reflects the market's valuation of the franchise, but even this may overstate value if the Cash Connect business faces secular decline. Investors should adjust for purchase accounting and integration costs to assess core earnings power.