Latest Ratios: P/E Ratio 16.0x · EV/EBITDA 18.4x · ROE 18.1%. (2000–2025 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 | $20.5B | $19.2B | $11.5B | $11.7B | $10.5B | $7.9B | $10.3B | $10.6B | $14.4B | $15.9B | $11.5B |
| Enterprise Value | $31.8B | $10.56T | $9.00T | $6.70T | $7.10T | $5.23T | $6.61T | $7.64T | $7.80T | $6.41T | $5.65T |
| P/E Ratio → | 15.99 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 |
| P/S Ratio | 6.30 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| P/B Ratio | 2.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 25.45 | 0.03 | 0.03 | 0.01 | 0.21 | 0.00 | — | 0.01 | — | 0.02 | 0.09 |
| P/OCF | 23.07 | 0.02 | 0.03 | 0.01 | 0.08 | 0.00 | — | 0.01 | — | 0.02 | 0.07 |
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 | — | 3.49 | 1.94 | 1.32 | 1.34 | 1.73 | 2.66 | 2.80 | 3.12 | 2.75 | 2.35 |
| EV / EBITDA | 18.41 | 6.57 | 5.37 | 3.75 | 3.90 | 3.71 | 11.43 | 9.01 | 9.74 | 8.84 | 7.95 |
| EV / EBIT | 19.57 | 6.98 | 5.69 | 3.95 | 4.09 | 3.93 | 13.09 | 9.83 | 10.22 | 9.32 | 8.37 |
| EV / FCF | — | 14.10 | 23.73 | 4.09 | 140.56 | 1.78 | — | 5.78 | — | 7.71 | 45.78 |
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 | 87.4% | 87.4% | 57.8% | 54.3% | 51.0% | 72.5% | 55.3% | 60.7% | 62.8% | 62.6% | 60.5% |
| Operating Margin | 50.0% | 50.0% | 34.0% | 33.3% | 32.7% | 44.0% | 20.3% | 28.4% | 30.5% | 29.4% | 28.1% |
| Net Profit Margin | 39.4% | 39.4% | 26.9% | 27.0% | 27.2% | 34.9% | 16.1% | 22.1% | 24.1% | 24.5% | 23.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.1% | 18.1% | 19.8% | 23.9% | 28.2% | 24.0% | 10.2% | 15.9% | 16.7% | 16.7% | 17.7% |
| ROA | 2.2% | 2.2% | 2.3% | 2.5% | 2.7% | 2.2% | 0.9% | 1.6% | 1.8% | 1.8% | 1.8% |
| ROIC | 5.8% | 5.8% | 6.5% | 7.5% | 8.6% | 7.2% | 2.7% | 4.2% | 4.7% | 4.7% | 4.7% |
| ROCE | 6.5% | 6.5% | 6.5% | 6.5% | 7.0% | 6.0% | 2.6% | 4.7% | 5.4% | 5.4% | 5.5% |
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 | 2.03 | 2.03 | 1.85 | 1.92 | 1.96 | 1.92 | 2.39 | 2.77 | 2.53 | 2.22 | 2.25 |
| Debt / EBITDA | 8.43 | 8.43 | 7.19 | 6.53 | 5.84 | 6.58 | 16.53 | 12.77 | 11.60 | 10.87 | 10.46 |
| Net Debt / Equity | — | 1.58 | 1.38 | 1.10 | 1.30 | 1.08 | 1.65 | 1.95 | 2.12 | 1.80 | 1.71 |
| Net Debt / EBITDA | 6.56 | 6.56 | 5.36 | 3.74 | 3.89 | 3.71 | 11.42 | 9.00 | 9.72 | 8.82 | 7.94 |
| Debt / FCF | — | 14.08 | 23.70 | 4.08 | 140.35 | 1.78 | — | 5.77 | — | 7.70 | 45.69 |
| Interest Coverage | 1.56 | 1.56 | 0.98 | 0.80 | 0.79 | 1.64 | 0.90 | 1.05 | 1.12 | 1.05 | 0.98 |
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 | 0.24 | 0.24 | 0.27 | 0.32 | 0.34 | 0.32 | 0.23 | 0.28 | 0.13 | 0.16 | 0.12 |
| Quick Ratio | 0.24 | 0.24 | 0.27 | 0.32 | 0.34 | 0.32 | 0.23 | 0.28 | 0.13 | 0.16 | 0.12 |
| Cash Ratio | 0.10 | 0.10 | 0.10 | 0.17 | 0.12 | 0.14 | 0.12 | 0.14 | 0.07 | 0.08 | 0.09 |
| Asset Turnover | — | 0.06 | 0.09 | 0.09 | 0.10 | 0.06 | 0.05 | 0.07 | 0.07 | 0.07 | 0.08 |
| 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 | 5.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 83.5% | 83.5% | 65.4% | 63.1% | 37.3% | 20.9% | 87.3% | 59.0% | 62.0% | 59.8% | 63.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.3% | 6210.5% | 10537.9% | 11785.1% | 13746.4% | 9993.6% | 3905.8% | 5593.1% | 4118.9% | 3597.1% | 4819.0% |
| FCF Yield | 3.9% | 3900.4% | 3312.1% | 14060.5% | 480.1% | 37049.5% | — | 12477.3% | — | 5225.3% | 1077.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 5.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $505M | $505M | $505M | $505M | $505M | $505M | $505M | $505M | $505M | $512M |
Inflation-indexed asset volatility
According to current market data, Banco de Chile trades at a P/B of 2.71, a valuation premium that suggests investors price the bank as a high-quality franchise rather than a commodity lender, despite the recent normalization of inflation-indexed earnings that has pressured headline growth metrics.
The elevated P/B multiple relative to regional peers like Banco Santander Chile indicates that the market assigns significant value to BCH's sticky, low-cost deposit base and its systemic importance. This valuation appears to bake in expectations of superior long-term ROTCE, though investors should monitor whether the current P/E of 15.21 remains sustainable if the domestic Chilean economy faces prolonged stagnation.
Based on reported figures, the bank's ROE has fluctuated between 4.3% and 9.3% over the last ten quarters, a trend that highlights the sensitivity of profitability to the bank's unique exposure to inflation-indexed units and the resulting volatility in net interest margins.
The DuPont decomposition suggests that profitability is heavily reliant on the NIM-asset utilization nexus, which is currently being challenged by the cooling of Chilean inflation. While the bank maintains a disciplined efficiency ratio, the compression in ROE indicates that the core franchise is currently in a transition phase as it moves away from the windfall gains of previous high-inflation periods.
As reported in financial statements, the efficiency ratio has remained remarkably stable, hovering around 27-28% in recent quarters, which demonstrates management's ability to maintain tight cost control even as the net interest margin faces downward pressure from the normalization of the Chilean macroeconomic environment.
The bank's ability to keep the efficiency ratio low despite revenue volatility suggests a highly optimized branch and personnel structure. However, investors should monitor whether this cost discipline can be maintained if the bank is forced to increase digital investment to compete with emerging fintech entrants in the Chilean retail space.
According to recent quarterly filings, the equity-to-assets ratio of 0.10 provides a robust capital buffer that supports the bank's historical commitment to high dividend payouts, even as the institution prepares for the full implementation of Basel III regulatory standards in the domestic market.
The current capital position appears adequate to absorb potential credit shocks, though the regulatory shift toward stricter capital requirements may eventually force a re-evaluation of the bank's generous dividend policy. This capital adequacy is a key pillar of the bank's defensive profile, providing a cushion against the inherent volatility of its inflation-indexed asset portfolio.
Based on an analysis of valuation metrics, the P/E ratio is the most commonly misapplied metric for Banco de Chile, as it fails to account for the significant non-cash volatility introduced by inflation-indexed accounting adjustments on the bank's UF-denominated balance sheet.
Using P/E to value BCH obscures the underlying operational health because it treats macro-driven inflation gains as recurring earnings, leading to distorted valuation signals. Analysts should instead prioritize P/TBV and adjusted core NIM, which provide a clearer view of the bank's structural profitability and franchise value independent of temporary inflationary fluctuations.
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying BCH stock.
Banco de Chile's current P/E ratio is 16.0x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
Banco de Chile's current EV/EBITDA is 18.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.4x.
Banco de Chile's return on equity (ROE) is 18.1%. The historical average is 20.9%.
Based on historical data, Banco de Chile is trading at a P/E of 16.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Banco de Chile's current dividend yield is 5.22% with a payout ratio of 83.5%.
Banco de Chile has 87.4% gross margin and 50.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Banco de Chile's Debt/EBITDA ratio is 8.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.