Latest Ratios: P/E Ratio 13.8x · EV/EBITDA 13.5x · ROE 9.1%. (2009–2025 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 | $3.5B | $3.4B | $2.8B | $2.4B | $2.7B | $3.8B | $3.2B | $3.5B | $3.1B | $4.3B | $3.9B |
| Enterprise Value | $5.3B | $5.2B | $6.0B | $7.6B | $8.4B | $6.3B | $6.8B | $8.3B | $8.1B | $9.3B | $9.1B |
| P/E Ratio → | 13.79 | 12.59 | 12.39 | 13.63 | 9.60 | 9.36 | 16.88 | 11.68 | 10.01 | 7.30 | 18.03 |
| P/S Ratio | 1.66 | 1.60 | 1.39 | 1.23 | 2.05 | 3.50 | 2.66 | 2.45 | 1.97 | 3.16 | 3.35 |
| P/B Ratio | 1.23 | 1.12 | 1.00 | 0.92 | 1.10 | 1.26 | 1.07 | 1.17 | 1.07 | 1.42 | 1.62 |
| P/FCF | 9.89 | 9.56 | 6.51 | 3.63 | 2.07 | 3.22 | 3.78 | 6.11 | 4.92 | 19.68 | 17.76 |
| P/OCF | 9.89 | 9.56 | 6.51 | 3.63 | 2.07 | 3.13 | 3.69 | 5.50 | 3.78 | 13.53 | 12.66 |
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 | — | 2.42 | 2.95 | 3.92 | 6.45 | 5.79 | 5.68 | 5.80 | 5.13 | 6.82 | 7.81 |
| EV / EBITDA | 13.49 | 13.19 | 15.86 | 24.49 | 18.63 | 12.00 | 21.14 | 17.41 | 16.89 | 19.93 | 23.22 |
| EV / EBIT | 14.84 | 14.51 | 18.88 | 32.14 | 22.49 | 14.10 | 27.34 | 20.53 | 19.51 | 22.97 | 27.13 |
| EV / FCF | — | 14.46 | 13.77 | 11.59 | 6.52 | 5.33 | 8.07 | 14.50 | 12.79 | 42.40 | 41.38 |
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 | 49.5% | 49.5% | 47.3% | 44.9% | 70.0% | 91.2% | 58.8% | 62.4% | 73.1% | 76.3% | 79.4% |
| Operating Margin | 16.7% | 16.7% | 15.6% | 12.2% | 28.7% | 41.1% | 20.8% | 28.3% | 26.3% | 29.7% | 28.8% |
| Net Profit Margin | 12.5% | 12.5% | 11.5% | 9.2% | 21.8% | 37.9% | 16.5% | 21.9% | 20.5% | 45.1% | 19.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.1% | 9.1% | 8.6% | 7.1% | 10.4% | 13.8% | 6.6% | 10.6% | 10.9% | 22.6% | 9.7% |
| ROA | 0.8% | 0.8% | 0.7% | 0.5% | 0.8% | 1.2% | 0.6% | 1.0% | 1.0% | 2.1% | 0.9% |
| ROIC | 4.7% | 4.7% | 3.2% | 2.1% | 3.8% | 5.2% | 2.5% | 3.7% | 3.8% | 3.7% | 3.4% |
| ROCE | 1.7% | 1.7% | 3.8% | 2.6% | 4.8% | 6.7% | 3.2% | 4.8% | 4.9% | 4.8% | 4.4% |
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 | 0.65 | 0.65 | 1.29 | 2.26 | 2.60 | 0.93 | 1.35 | 1.68 | 1.84 | 1.71 | 2.33 |
| Debt / EBITDA | 5.02 | 5.02 | 9.67 | 18.72 | 13.98 | 5.35 | 12.48 | 10.52 | 11.20 | 11.10 | 14.40 |
| Net Debt / Equity | — | 0.57 | 1.12 | 2.03 | 2.36 | 0.83 | 1.22 | 1.61 | 1.71 | 1.65 | 2.15 |
| Net Debt / EBITDA | 4.47 | 4.47 | 8.36 | 16.83 | 12.72 | 4.76 | 11.25 | 10.06 | 10.40 | 10.68 | 13.25 |
| Debt / FCF | — | 4.90 | 7.26 | 7.96 | 4.45 | 2.11 | 4.30 | 8.38 | 7.88 | 22.73 | 23.61 |
| Interest Coverage | 0.44 | 0.44 | 0.31 | 0.24 | 1.18 | 2.74 | 0.79 | 0.76 | 1.04 | 1.59 | 1.78 |
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 | 15.41 | 15.41 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.31 | 0.33 |
| Quick Ratio | 15.41 | 15.41 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.31 | 0.33 |
| Cash Ratio | 0.14 | 0.14 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 | 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 | 2.4% | 2.7% | 3.0% | 3.3% | 3.0% | 2.2% | 2.7% | 2.4% | 2.9% | 2.1% | 2.3% |
| Payout Ratio | 34.2% | 34.2% | 36.8% | 44.3% | 27.9% | 20.7% | 43.7% | 26.9% | 28.1% | 14.9% | 39.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.3% | 7.9% | 8.1% | 7.3% | 10.4% | 10.7% | 5.9% | 8.6% | 10.0% | 13.7% | 5.5% |
| FCF Yield | 10.1% | 10.5% | 15.4% | 27.6% | 48.3% | 31.1% | 26.5% | 16.4% | 20.3% | 5.1% | 5.6% |
| Buyback Yield | 1.3% | 1.3% | 0.0% | 2.3% | 15.0% | 8.3% | 3.2% | 4.4% | 9.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.7% | 4.0% | 3.0% | 5.6% | 18.0% | 10.6% | 5.9% | 6.8% | 12.6% | 2.1% | 2.3% |
| Shares Outstanding | — | $77M | $74M | $74M | $79M | $90M | $92M | $96M | $104M | $106M | $104M |
CRE concentration and funding
Based on recent market data, BankUnited trades at a P/B of 1.24, which appears to discount the firm relative to regional peers like WSFS and Wintrust, suggesting investors are pricing in a higher risk premium for its concentrated commercial real estate exposure and limited profitability growth.
The current valuation multiple implies that the market views BKU as a commodity balance sheet rather than a premium franchise, likely due to the persistent compression in net interest margins. Investors should monitor whether the forward P/E of 11.96 provides a sufficient margin of safety given the structural headwinds facing the bank's core commercial lending operations.
As reported in financial statements, BankUnited's ROE has languished between 0.8% and 2.5% over the last ten quarters, indicating that the bank's profitability is severely constrained by a combination of thin net interest margins and a lack of meaningful non-interest income contribution to the bottom line.
The decomposition of ROE suggests that the bank's reliance on interest-based revenue leaves it highly vulnerable to deposit beta fluctuations. Without a significant expansion in fee-based income or a structural improvement in asset utilization, the firm may continue to struggle to generate returns that exceed its cost of equity.
According to quarterly filings, the net interest margin has remained stubbornly low at 0.7% for most of the last ten quarters, highlighting a structural inability to pass through funding costs to commercial borrowers while maintaining a competitive edge in the Florida and New York markets.
The efficiency ratio's volatility, peaking at 42.0% in 2025Q4, suggests that management is finding it difficult to scale the business without incurring disproportionate operating expenses. This trend warrants further investigation into whether the bank's commercial-centric model can achieve the necessary operating leverage to offset the current interest rate environment.
Based on reported figures, the equity-to-assets ratio has hovered near 0.08 to 0.09 throughout the recent period, indicating a relatively thin capital cushion that may restrict the bank's capacity for aggressive capital return or significant balance sheet expansion in the face of regulatory scrutiny.
The bank's capital position appears adequate for current operations but may be vulnerable to unexpected credit shocks, particularly within its commercial real estate portfolio. Investors should monitor whether management's recent share buyback activity is sustainable without compromising the firm's ability to maintain robust capital ratios under more adverse economic scenarios.
The P/E ratio is frequently misapplied to BankUnited, as it fails to account for the significant non-cash volatility introduced by CECL-driven provision expenses and the lumpy nature of mortgage warehouse revenue, which can distort the bank's true underlying earnings power and operational health.
Analysts should prioritize P/TBV and ROTCE over P/E to better assess the bank's valuation relative to its tangible capital base. Relying on P/E may lead to an inaccurate assessment of the firm's franchise value, as it ignores the capital-intensive nature of the bank's commercial lending model and the inherent risks in its balance sheet composition.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying BKU stock.
BankUnited, Inc.'s current P/E ratio is 13.8x. The historical average is 14.4x. This places it at the 60th percentile of its historical range.
BankUnited, Inc.'s current EV/EBITDA is 13.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
BankUnited, Inc.'s return on equity (ROE) is 9.1%. The historical average is 11.0%.
Based on historical data, BankUnited, Inc. is trading at a P/E of 13.8x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BankUnited, Inc.'s current dividend yield is 2.45% with a payout ratio of 34.2%.
BankUnited, Inc. has 49.5% gross margin and 16.7% operating margin. Operating margin between 10-20% is typical for established companies.
BankUnited, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.