Latest Ratios: P/E Ratio 16.2x · EV/EBITDA 43.5x · ROE 22.4%. (1998–2025 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 | $1.5B | $1.3B | $1.0B | $730M | $508M | $1.5B | $495M | $138M | $51M | $33M | $40M |
| Enterprise Value | $7.4B | $7.2B | $3.2B | $2.4B | $1.9B | $2.5B | $1.2B | $802M | $489M | $329M | $217M |
| P/E Ratio → | 16.17 | 11.23 | 11.69 | 9.12 | 4.49 | 9.43 | 6.24 | 5.43 | 6.50 | — | — |
| P/S Ratio | 2.07 | 1.82 | 2.28 | 2.00 | 1.36 | 3.28 | 1.26 | 0.34 | 0.27 | 0.33 | 0.52 |
| P/B Ratio | 3.06 | 2.13 | 2.14 | 1.86 | 1.56 | 5.18 | 6.47 | 410.78 | — | — | 6.85 |
| P/FCF | 2.30 | 2.03 | 2.24 | 1.60 | 1.49 | 7.26 | 2.34 | 1.38 | 1.23 | — | 1.02 |
| P/OCF | 2.28 | 2.01 | 2.23 | 1.59 | 1.47 | 7.02 | 2.33 | 1.38 | 1.19 | — | 1.01 |
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 | — | 10.23 | 6.92 | 6.61 | 5.18 | 5.52 | 3.17 | 1.97 | 2.54 | 3.27 | 2.86 |
| EV / EBITDA | 43.51 | 42.49 | 22.11 | 18.23 | 12.59 | 11.29 | 10.14 | 20.32 | 109.33 | — | — |
| EV / EBIT | 46.20 | 45.12 | 22.94 | 18.80 | 13.00 | 11.42 | 10.85 | 25.24 | 140.32 | — | — |
| EV / FCF | — | 11.39 | 6.80 | 5.31 | 5.69 | 12.21 | 5.85 | 8.04 | 11.78 | — | 5.62 |
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 | 56.3% | 56.3% | 61.6% | 69.5% | 77.8% | 80.0% | 50.4% | 26.7% | 28.3% | 4.5% | 31.7% |
| Operating Margin | 22.7% | 22.7% | 30.2% | 35.2% | 39.9% | 48.4% | 29.2% | 7.8% | 1.8% | -47.1% | -16.3% |
| Net Profit Margin | 17.3% | 17.3% | 24.2% | 28.1% | 36.2% | 39.2% | 24.0% | 6.5% | 4.1% | -40.6% | -8.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.4% | 22.4% | 25.2% | 28.7% | 44.3% | 97.7% | 245.0% | 7893.4% | — | — | -75.7% |
| ROA | 2.2% | 2.2% | 3.7% | 4.0% | 6.3% | 11.3% | 8.8% | 3.5% | 1.6% | -10.3% | -2.0% |
| ROIC | 2.4% | 2.4% | 3.8% | 4.2% | 5.8% | 12.1% | 9.5% | 3.7% | 0.7% | -12.6% | -4.0% |
| ROCE | 3.1% | 3.1% | 4.7% | 5.2% | 7.0% | 14.3% | 11.1% | 4.6% | 0.9% | -18.9% | -6.7% |
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 | 10.84 | 10.84 | 5.12 | 5.16 | 5.59 | 4.96 | 12.07 | 2386.50 | — | — | 44.01 |
| Debt / EBITDA | 38.57 | 38.57 | 17.43 | 15.28 | 11.79 | 6.42 | 7.55 | 20.26 | 111.60 | — | — |
| Net Debt / Equity | — | 9.81 | 4.35 | 4.30 | 4.41 | 3.54 | 9.74 | 1982.39 | — | — | 30.76 |
| Net Debt / EBITDA | 34.91 | 34.91 | 14.81 | 12.72 | 9.30 | 4.58 | 6.09 | 16.83 | 97.93 | — | — |
| Debt / FCF | — | 9.36 | 4.55 | 3.71 | 4.20 | 4.95 | 3.52 | 6.66 | 10.55 | — | 4.60 |
| Interest Coverage | 0.53 | 0.53 | 0.87 | 1.18 | 1.82 | 4.06 | 2.22 | 0.63 | 0.09 | -1.71 | -0.61 |
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 | 1.76 | 1.76 | 5.21 | 5.51 | 9.30 | 10.06 | 4.63 | 3.62 | 4.69 | 3.36 | 1.93 |
| Quick Ratio | 1.76 | 1.76 | 5.21 | 5.51 | 9.30 | 10.06 | 4.63 | 3.62 | 4.69 | 3.36 | 1.93 |
| Cash Ratio | 1.42 | 1.42 | 5.21 | 5.51 | 8.68 | 9.69 | 4.27 | 3.25 | 0.58 | 0.36 | 0.44 |
| Asset Turnover | — | 0.09 | 0.14 | 0.14 | 0.16 | 0.23 | 0.32 | 0.44 | 0.33 | 0.24 | 0.21 |
| 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 | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 23.1% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 8.9% | 8.6% | 11.0% | 22.3% | 10.6% | 16.0% | 18.4% | 15.4% | — | — |
| FCF Yield | 43.4% | 49.3% | 44.6% | 62.4% | 67.2% | 13.8% | 42.8% | 72.5% | 81.4% | — | 97.7% |
| Buyback Yield | 4.8% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 5.4% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $19M | $19M | $19M | $19M | $21M | $20M | $15M | $14M | $14M | $14M |
Credit loss provision volatility
According to recent market data, ATLC trades at a forward P/E of 11.73, which appears to discount the company's rapid revenue expansion relative to its peers, suggesting that investors remain skeptical about the long-term sustainability of current earnings given the inherent volatility in subprime credit performance.
The divergence between the TTM P/E of 18.53 and the forward multiple implies that the market is pricing in significant earnings growth, yet the PEG ratio of 2.16 suggests this valuation may be stretched if credit losses normalize upward. Investors should monitor whether this discount is a structural reflection of the company's subprime risk profile or a temporary mispricing of its technology-integrated business model.
Based on reported financial figures, ATLC's ROIC has trended toward 1.9% in 2026Q1, a significant compression from historical levels that indicates the company is struggling to generate adequate returns on its rapidly expanding asset base as it scales its credit-as-a-service platform in a competitive environment.
The decline in ROIC suggests that the marginal cost of capital and the provision for credit losses are outpacing the yield generated by new loan originations. This trend warrants further investigation into whether the company's underwriting models are losing efficacy or if the competitive landscape is forcing a reduction in pricing power.
As reported in recent balance sheet filings, ATLC's debt-to-equity ratio reached 9.29 in 2026Q1, a substantial increase that highlights the company's heavy reliance on external financing to support its aggressive loan book growth and potentially limits its ability to navigate future credit cycle downturns without further capital raises.
The interest coverage ratio of 1.48 in the most recent quarter suggests that debt service is becoming increasingly sensitive to interest rate fluctuations and credit performance. This level of leverage appears elevated compared to broader financial services peers, indicating that the company's balance sheet is vulnerable to any material tightening in credit availability.
Analysis of the company's financial structure suggests that the price-to-book ratio is a frequently misapplied metric for ATLC, as it fails to account for the off-balance-sheet nature of managed receivables and the intangible value of the proprietary underwriting data that drives the company's core competitive advantage.
Relying on P/B ignores the fact that a significant portion of the company's revenue is derived from fee-based servicing rather than interest income on owned assets. Investors should instead focus on metrics that capture the profitability of the entire managed portfolio, such as return on managed assets, to better assess the true earning power of the business model.
Includes 30+ ratios · 28 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ATLC stock.
Atlanticus Holdings Corporation's current P/E ratio is 16.2x. The historical average is 27.9x. This places it at the 75th percentile of its historical range.
Atlanticus Holdings Corporation's current EV/EBITDA is 43.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
Atlanticus Holdings Corporation's return on equity (ROE) is 22.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 25.4%.
Based on historical data, Atlanticus Holdings Corporation is trading at a P/E of 16.2x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Atlanticus Holdings Corporation's current dividend yield is 0.67%.
Atlanticus Holdings Corporation has 56.3% gross margin and 22.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Atlanticus Holdings Corporation's Debt/EBITDA ratio is 38.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.