Latest Ratios: P/E Ratio 9.3x · EV/EBITDA 19.3x · ROE 15.0%. (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 | $2.1B | $1.7B | $1.3B | $903M | $588M | $644M | $628M | $846M | $684M | $1.1B | $1.2B |
| Enterprise Value | $4.4B | $3.9B | $3.9B | $3.5B | $4.1B | $3.1B | $1.8B | $2.8B | $2.5B | $2.6B | $3.3B |
| P/E Ratio → | 9.33 | 7.30 | 6.35 | 5.44 | 6.38 | 10.25 | 9.89 | 9.85 | 61.79 | 12.93 | 13.26 |
| P/S Ratio | 6.25 | 4.88 | 1.61 | 1.32 | 1.78 | 4.14 | 3.34 | 2.92 | 3.14 | 4.50 | 5.16 |
| P/B Ratio | 1.26 | 0.99 | 0.98 | 0.75 | 0.55 | 0.65 | 0.60 | 0.83 | 0.69 | 1.01 | 1.14 |
| P/FCF | 5.72 | 4.47 | — | 0.85 | — | — | 0.50 | — | — | 1.49 | 1.49 |
| P/OCF | 5.68 | 4.43 | — | 0.85 | — | — | 0.50 | — | — | 1.48 | 1.47 |
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 | — | 11.52 | 4.85 | 5.17 | 12.34 | 20.16 | 9.35 | 9.70 | 11.47 | 11.05 | 14.90 |
| EV / EBITDA | 19.30 | 17.24 | 18.75 | 20.88 | 43.06 | 47.45 | 25.90 | 31.32 | 183.63 | 30.77 | 37.38 |
| EV / EBIT | 19.30 | 17.24 | 19.08 | 21.27 | 44.33 | 50.09 | 27.67 | 32.61 | 224.16 | 31.68 | 38.27 |
| EV / FCF | — | 10.55 | — | 3.33 | — | — | 1.41 | — | — | 3.66 | 4.29 |
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 | 93.5% | 93.5% | 35.1% | 30.7% | 38.3% | 65.3% | 53.0% | 43.3% | 31.6% | 50.6% | 43.7% |
| Operating Margin | 66.8% | 66.8% | 25.4% | 24.3% | 27.8% | 40.3% | 33.8% | 29.7% | 5.1% | 34.9% | 38.9% |
| Net Profit Margin | 66.8% | 66.8% | 25.4% | 24.3% | 27.8% | 40.3% | 33.8% | 29.7% | 5.1% | 34.9% | 38.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.0% | 15.0% | 16.2% | 14.6% | 8.9% | 6.2% | 6.2% | 8.6% | 1.1% | 8.0% | 8.8% |
| ROA | 1.8% | 1.8% | 1.8% | 1.7% | 1.1% | 0.9% | 0.9% | 1.2% | 0.2% | 1.2% | 1.1% |
| ROIC | 2.9% | 2.9% | 2.6% | 2.1% | 1.3% | 1.2% | 1.3% | 1.5% | 0.2% | 1.6% | 1.4% |
| ROCE | 2.7% | 2.7% | 4.8% | 4.3% | 2.8% | 2.2% | 1.5% | 2.1% | 0.5% | 3.2% | 3.0% |
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 | 2.49 | 2.49 | 3.43 | 3.89 | 4.43 | 3.78 | 1.92 | 3.09 | 3.58 | 2.12 | 3.21 |
| Debt / EBITDA | 18.42 | 18.42 | 21.89 | 27.64 | 49.96 | 56.65 | 29.38 | 35.02 | 261.71 | 26.20 | 36.43 |
| Net Debt / Equity | — | 1.34 | 1.96 | 2.19 | 3.27 | 2.52 | 1.09 | 1.93 | 1.82 | 1.48 | 2.15 |
| Net Debt / EBITDA | 9.94 | 9.94 | 12.51 | 15.55 | 36.85 | 37.72 | 16.66 | 21.87 | 133.32 | 18.24 | 24.43 |
| Debt / FCF | — | 6.08 | — | 2.48 | — | — | 0.91 | — | — | 2.17 | 2.80 |
| Interest Coverage | 0.46 | 0.46 | 0.39 | 0.37 | 0.50 | 1.16 | 0.72 | 0.52 | 0.07 | 0.77 | 0.96 |
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 | 14.75 | 14.75 | 0.30 | 0.33 | 0.23 | 0.25 | 0.25 | 0.76 | 0.36 | 0.18 | 0.26 |
| Quick Ratio | 14.75 | 14.75 | 0.30 | 0.33 | 0.23 | 0.25 | 0.25 | 0.76 | 0.36 | 0.18 | 0.26 |
| Cash Ratio | 14.74 | 14.74 | 0.27 | 0.31 | 0.21 | 0.25 | 0.24 | 0.73 | 0.34 | 0.17 | 0.25 |
| Asset Turnover | — | 0.03 | 0.07 | 0.06 | 0.04 | 0.02 | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 |
| 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 | 4.3% | 5.5% | 5.6% | 4.0% | 6.1% | 6.0% | 7.1% | 7.0% | 9.0% | 5.7% | 5.2% |
| Payout Ratio | 40.5% | 40.5% | 35.4% | 21.8% | 39.3% | 61.5% | 70.2% | 68.4% | 552.5% | 73.9% | 69.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.7% | 13.7% | 15.7% | 18.4% | 15.7% | 9.8% | 10.1% | 10.1% | 1.6% | 7.7% | 7.5% |
| FCF Yield | 17.5% | 22.4% | — | 117.4% | — | — | 198.3% | — | — | 67.1% | 67.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 9.3% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.3% | 5.5% | 5.6% | 4.0% | 6.1% | 15.3% | 7.1% | 7.0% | 9.4% | 5.7% | 5.2% |
| Shares Outstanding | — | $37M | $37M | $36M | $36M | $39M | $40M | $40M | $40M | $39M | $39M |
Regional Trade Credit Volatility
According to recent market data, BLX trades at a P/B of 1.38, which appears to incorporate a persistent sovereign risk discount relative to broader regional peers, suggesting that investors remain cautious about the bank's exposure to volatile Latin American trade finance cycles and potential credit quality deterioration.
The current valuation multiple suggests the market is pricing the bank as a commodity balance sheet rather than a premium franchise, likely due to the cyclical nature of its trade-related revenue. Investors should monitor whether the forward P/E of 9.60 reflects a realistic expectation of earnings recovery or if the market is anticipating further margin compression.
Based on reported financial statements, the bank's ROE has remained constrained in the 3% to 4% range, a trend driven by persistent NIM compression and a conservative leverage profile that limits the bank's ability to amplify returns on its specialized trade finance asset base.
The decomposition of profitability indicates that the bank's reliance on wholesale funding in a high-rate environment has squeezed net interest margins to approximately 0.5%. This suggests that without a significant expansion in asset utilization or a shift in the funding mix, the bank may struggle to improve its return on equity in the near term.
As reported in quarterly filings, the bank's efficiency ratio has fluctuated significantly, reaching 26.5% in 2026Q1, which appears to be an artifact of revenue volatility rather than a fundamental shift in the bank's lean, branchless operational cost structure that historically supports its specialized trade finance model.
While the bank maintains a lean cost base, the persistent NIM compression to 0.5% suggests that funding cost advantages are currently insufficient to offset the yield risks inherent in its trade finance portfolio. Investors should monitor whether the bank can pass on higher SOFR-linked funding costs to its corporate clients to restore historical margin levels.
Based on recent balance sheet data, the bank maintains an equity-to-assets ratio of approximately 12%, reflecting a highly conservative capital structure that provides a robust buffer against regional shocks but likely constrains the bank's overall return on equity and capacity for aggressive loan book expansion.
The bank's commitment to maintaining a strong capital buffer appears to be a strategic choice to preserve its supranational-style credit standing. However, this fortress-like approach may be viewed by some investors as a lack of high-return reinvestment opportunities, potentially limiting the bank's ability to drive meaningful growth in its core trade finance segment.
The P/E ratio is frequently misapplied to BLX, as it obscures the significant earnings volatility caused by IFRS 9 expected credit loss provisions, which often reflect forward-looking macro assumptions rather than actual realized defaults, thereby distorting the bank's true underlying profitability and operational performance.
Investors should prioritize P/TBV and adjusted ROE metrics over P/E, as the latter is highly sensitive to non-cash provisioning spikes that do not necessarily reflect the bank's long-term earnings power. Relying on P/E in isolation may lead to an inaccurate assessment of the bank's valuation during periods of heightened regional economic uncertainty.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying BLX stock.
Banco Latinoamericano de Comercio Exterior, S. A.'s current P/E ratio is 9.3x. The historical average is 10.9x. This places it at the 50th percentile of its historical range.
Banco Latinoamericano de Comercio Exterior, S. A.'s current EV/EBITDA is 19.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.5x.
Banco Latinoamericano de Comercio Exterior, S. A.'s return on equity (ROE) is 15.0%. The historical average is 9.0%.
Based on historical data, Banco Latinoamericano de Comercio Exterior, S. A. is trading at a P/E of 9.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Banco Latinoamericano de Comercio Exterior, S. A.'s current dividend yield is 4.34% with a payout ratio of 40.5%.
Banco Latinoamericano de Comercio Exterior, S. A. has 93.5% gross margin and 66.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Banco Latinoamericano de Comercio Exterior, S. A.'s Debt/EBITDA ratio is 18.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.