Latest Ratios: P/E Ratio 15.3x · EV/EBITDA 8.9x · ROE 19.2%. (1997–2025 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 | $31.1B | $22.9B | $14.6B | $11.9B | $10.8B | $9.7B | $13.1B | $17.0B | $17.7B | $16.5B | $12.6B |
| Enterprise Value | $28.5B | $14.1B | $4.6B | $15.6B | $16.2B | $18.1B | $27.3B | $23.3B | $28.8B | $31.0B | $34.5B |
| P/E Ratio → | 15.34 | 3.31 | 2.65 | 2.45 | 2.33 | 2.71 | 37.62 | 3.98 | 4.43 | 4.04 | 3.58 |
| P/S Ratio | 3.66 | 0.79 | 0.54 | 0.47 | 0.52 | 0.51 | 0.72 | 0.95 | 1.06 | 1.01 | 0.82 |
| P/B Ratio | 2.85 | 0.61 | 0.42 | 0.36 | 0.36 | 0.36 | 0.51 | 0.63 | 0.73 | 0.74 | 0.62 |
| P/FCF | 13.68 | 2.96 | 1.09 | 4.08 | — | 2.92 | 1.08 | 2.64 | — | 1.86 | — |
| P/OCF | 13.14 | 2.84 | 1.01 | 2.93 | — | 2.45 | 1.03 | 2.45 | — | 1.78 | — |
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 | — | 0.49 | 0.17 | 0.62 | 0.79 | 0.94 | 1.50 | 1.30 | 1.74 | 1.89 | 2.24 |
| EV / EBITDA | 8.94 | 1.30 | 0.54 | 2.08 | 2.16 | 3.01 | 30.30 | 3.53 | 4.78 | 5.16 | 6.51 |
| EV / EBIT | 9.75 | 1.42 | 0.58 | 2.28 | 2.36 | 3.40 | 121.78 | 3.90 | 5.16 | 5.56 | 7.05 |
| EV / FCF | — | 1.83 | 0.34 | 5.34 | — | 5.43 | 2.27 | 3.63 | — | 3.49 | — |
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 | 73.7% | 73.7% | 64.2% | 61.9% | 71.6% | 79.9% | 49.8% | 71.1% | 71.9% | 70.6% | 69.1% |
| Operating Margin | 34.4% | 34.4% | 29.0% | 27.0% | 33.3% | 27.7% | 1.2% | 33.3% | 33.7% | 34.0% | 31.8% |
| Net Profit Margin | 23.9% | 23.9% | 20.4% | 19.2% | 22.5% | 18.7% | 1.9% | 23.8% | 24.0% | 25.0% | 22.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.2% | 19.2% | 16.2% | 15.5% | 16.5% | 13.7% | 1.3% | 16.7% | 17.1% | 19.3% | 19.1% |
| ROA | 2.6% | 2.6% | 2.2% | 2.1% | 1.9% | 1.5% | 0.2% | 2.3% | 2.3% | 2.5% | 2.3% |
| ROIC | 10.3% | 10.3% | 8.2% | 7.4% | 7.2% | 5.3% | 0.2% | 7.7% | 7.1% | 7.1% | 6.4% |
| ROCE | 6.0% | 6.0% | 10.1% | 9.4% | 9.9% | 8.1% | 0.3% | 9.5% | 9.5% | 10.2% | 9.6% |
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 | 0.93 | 0.93 | 1.07 | 1.13 | 1.33 | 1.78 | 2.00 | 1.21 | 1.37 | 1.69 | 1.92 |
| Debt / EBITDA | 3.18 | 3.18 | 4.39 | 5.00 | 5.26 | 7.92 | 56.57 | 4.88 | 5.53 | 6.27 | 7.27 |
| Net Debt / Equity | — | -0.23 | -0.29 | 0.11 | 0.18 | 0.31 | 0.56 | 0.24 | 0.46 | 0.65 | 1.09 |
| Net Debt / EBITDA | -0.81 | -0.81 | -1.17 | 0.49 | 0.72 | 1.39 | 15.80 | 0.96 | 1.85 | 2.41 | 4.14 |
| Debt / FCF | — | -1.13 | -0.75 | 1.26 | — | 2.52 | 1.18 | 0.99 | — | 1.63 | — |
| Interest Coverage | 2.02 | 2.02 | 1.36 | 1.17 | 1.75 | 2.14 | 0.08 | 1.82 | 1.84 | 1.88 | 1.68 |
Net cash position: cash ($43.3B) exceeds total debt ($34.5B)
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 | 3.23 | 3.23 | 0.53 | 0.49 | 0.47 | 0.49 | 0.52 | 0.51 | 0.42 | 0.48 | 0.40 |
| Quick Ratio | 3.23 | 3.23 | 0.53 | 0.49 | 0.47 | 0.49 | 0.52 | 0.51 | 0.42 | 0.48 | 0.40 |
| Cash Ratio | 3.00 | 3.00 | 0.27 | 0.21 | 0.21 | 0.22 | 0.21 | 0.21 | 0.19 | 0.20 | 0.16 |
| Asset Turnover | — | 0.11 | 0.11 | 0.11 | 0.09 | 0.08 | 0.08 | 0.10 | 0.09 | 0.10 | 0.10 |
| 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 | 2.8% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 43.3% | 43.3% | 66.6% | 41.0% | 25.7% | 11.1% | 689.8% | 52.4% | 28.4% | 54.6% | 18.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 30.2% | 37.7% | 40.7% | 42.8% | 36.9% | 2.7% | 25.1% | 22.6% | 24.8% | 28.0% |
| FCF Yield | 7.3% | 33.8% | 91.9% | 24.5% | — | 34.3% | 92.3% | 37.8% | — | 53.8% | — |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.9% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $80M | $80M | $80M | $80M | $80M | $80M | $80M | $80M | $80M | $80M |
Macroeconomic and political volatility
Based on recent market data, Credicorp trades at a P/B of 2.81, which suggests that investors assign a significant premium to its digital ecosystem and dominant deposit franchise compared to regional peers, despite the modest 5.4% ROE reported in the most recent quarterly financial statements.
The valuation multiple appears to price in the long-term monetization potential of the Yape platform rather than current earnings power alone. Investors should monitor whether this premium remains sustainable if the return on tangible equity does not show a more pronounced recovery from current levels.
According to the latest quarterly filings, the bank's ROE of 5.4% is constrained by a relatively thin 1.5% NIM, indicating that profitability is currently driven more by asset utilization and fee-based income diversification than by traditional interest rate spreads in the current Peruvian economic environment.
The reliance on fee income, which reached 32.8% of revenue in 2026Q1, suggests a strategic shift to mitigate interest rate sensitivity. However, the modest ROE levels warrant further investigation into whether the current cost structure is optimized for the bank's evolving digital-first business model.
As reported in financial statements, the efficiency ratio of 40.1% in 2026Q1 demonstrates a disciplined approach to cost management, even as the bank continues to allocate significant capital toward its digital transformation and the expansion of its Yape ecosystem to maintain a competitive funding advantage.
The stability of the efficiency ratio suggests that management is successfully balancing the need for operational scale with the high fixed costs of a traditional branch network. This operating leverage may become a critical driver of margin expansion if digital adoption continues to reduce physical service requirements.
Based on reported figures, the equity-to-assets ratio of 0.15 indicates a robust capital position that provides a substantial buffer against potential credit shocks, allowing the bank to maintain its strategic initiatives while navigating the inherent volatility of the Peruvian macroeconomic and political landscape.
This capital adequacy level appears to exceed regulatory requirements, suggesting that the bank is well-positioned to absorb potential losses in its microfinance portfolio. Investors should monitor how this capital is deployed, as the current liquidity reserve may indicate a cautious stance toward aggressive balance sheet expansion.
Financial analysts frequently misapply the P/E ratio to Credicorp, as the metric is heavily distorted by the volatility of loan loss provisions and non-cash currency translation effects, which often obscure the underlying cash-generating capacity of the bank's core universal banking and microfinance operations.
Instead of relying on P/E, investors should prioritize P/TBV and ROE decomposition to better understand the bank's intrinsic value and profitability quality. The P/E ratio fails to account for the cyclical nature of provisioning, which can lead to misleading conclusions about the bank's true earnings power.
Includes 30+ ratios · 29 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 BAP stock.
Credicorp Ltd.'s current P/E ratio is 15.3x. The historical average is 5.5x. This places it at the 97th percentile of its historical range.
Credicorp Ltd.'s current EV/EBITDA is 8.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.2x.
Credicorp Ltd.'s return on equity (ROE) is 19.2%. The historical average is 14.5%.
Based on historical data, Credicorp Ltd. is trading at a P/E of 15.3x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Credicorp Ltd.'s current dividend yield is 2.82% with a payout ratio of 43.3%.
Credicorp Ltd. has 73.7% gross margin and 34.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Credicorp Ltd.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.