Latest Ratios: P/E Ratio 13.6x · EV/EBITDA 6.9x · ROE 14.0%. (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 | $10.8B | $8.4B | $6.7B | $5.9B | $5.0B | $6.7B | $4.8B | $5.7B | $4.8B | $3.6B | $4.5B |
| Enterprise Value | $7.4B | $5.0B | $1.2B | $-285347560 | $485M | $-9943650200 | $-5711200000 | $3.6B | $1.9B | $-12913950 | $3.4B |
| P/E Ratio → | 13.60 | 10.12 | 10.99 | 10.91 | 4.53 | 7.16 | 9.59 | 8.54 | 7.79 | 34.79 | 21.27 |
| P/S Ratio | 2.44 | 1.90 | 1.61 | 1.57 | 1.54 | 2.53 | 1.94 | 2.04 | 1.81 | 1.71 | 2.37 |
| P/B Ratio | 1.81 | 1.35 | 1.20 | 1.14 | 1.22 | 1.12 | 0.80 | 0.95 | 0.88 | 0.71 | 0.87 |
| P/FCF | 15.85 | 12.36 | 14.60 | 12.31 | 5.48 | 7.17 | 7.83 | 9.20 | 6.24 | 6.31 | 9.13 |
| P/OCF | 12.29 | 9.58 | 9.98 | 8.58 | 4.92 | 6.65 | 7.13 | 8.08 | 5.64 | 5.69 | 7.59 |
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 | — | 1.12 | 0.30 | -0.08 | 0.15 | -3.76 | -2.29 | 1.30 | 0.71 | -0.01 | 1.76 |
| EV / EBITDA | 6.93 | 4.69 | 1.46 | -0.39 | 0.37 | -7.60 | -8.36 | 4.10 | 2.36 | -0.03 | 9.50 |
| EV / EBIT | 7.31 | 4.95 | 1.57 | -0.42 | 0.39 | -7.99 | -9.23 | 4.44 | 2.56 | -0.04 | 11.40 |
| EV / FCF | — | 7.31 | 2.71 | -0.60 | 0.53 | -10.68 | -9.23 | 5.86 | 2.47 | -0.02 | 6.76 |
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 | 66.1% | 66.1% | 60.7% | 64.8% | 88.2% | 101.1% | 78.8% | 80.8% | 80.5% | 74.1% | 80.0% |
| Operating Margin | 22.7% | 22.7% | 19.0% | 18.0% | 38.2% | 47.1% | 24.8% | 29.3% | 27.9% | 16.0% | 15.4% |
| Net Profit Margin | 18.8% | 18.8% | 14.7% | 14.4% | 34.1% | 35.4% | 20.3% | 24.0% | 23.4% | 5.1% | 11.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.0% | 14.0% | 11.4% | 11.7% | 21.9% | 15.6% | 8.4% | 11.7% | 11.7% | 2.1% | 4.2% |
| ROA | 1.1% | 1.1% | 0.9% | 0.8% | 1.5% | 1.3% | 0.9% | 1.3% | 1.3% | 0.3% | 0.6% |
| ROIC | 10.2% | 10.2% | 9.0% | 8.4% | 14.3% | 12.5% | 6.1% | 8.3% | 7.8% | 3.5% | 3.0% |
| ROCE | 14.1% | 14.1% | 11.9% | 11.3% | 19.2% | 16.3% | 8.0% | 11.1% | 9.6% | 4.2% | 3.8% |
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 | 0.25 | 0.25 | 0.23 | 0.24 | 0.39 | 0.22 | 0.26 | 0.26 | 0.31 | 0.40 | 0.40 |
| Debt / EBITDA | 1.50 | 1.50 | 1.53 | 1.68 | 1.22 | 1.03 | 2.31 | 1.79 | 2.09 | 5.11 | 5.82 |
| Net Debt / Equity | — | -0.55 | -0.98 | -1.20 | -1.10 | -2.78 | -1.75 | -0.34 | -0.53 | -0.71 | -0.23 |
| Net Debt / EBITDA | -3.24 | -3.24 | -6.41 | -8.38 | -3.49 | -12.71 | -15.44 | -2.33 | -3.61 | -9.17 | -3.32 |
| Debt / FCF | — | -5.05 | -11.90 | -12.91 | -4.95 | -17.85 | -17.06 | -3.34 | -3.77 | -6.33 | -2.36 |
| Interest Coverage | 0.81 | 0.81 | 0.57 | 0.61 | 4.14 | 7.54 | 2.63 | 2.22 | 2.57 | 1.51 | 1.39 |
Net cash position: cash ($5.0B) exceeds total debt ($1.6B)
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 | 0.38 | 0.38 | 0.38 | 0.38 | 0.39 | 0.66 | 0.61 | 0.51 | 0.47 | 0.48 | 0.40 |
| Quick Ratio | 0.38 | 0.38 | 0.38 | 0.38 | 0.39 | 0.66 | 0.61 | 0.51 | 0.47 | 0.48 | 0.40 |
| Cash Ratio | 0.07 | 0.07 | 0.10 | 0.12 | 0.10 | 0.27 | 0.21 | 0.08 | 0.11 | 0.16 | 0.10 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 |
| 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 | 1.7% | 2.3% | 2.7% | 2.7% | 3.2% | 2.1% | 2.8% | 2.0% | 2.2% | 2.6% | 1.5% |
| Payout Ratio | 23.7% | 23.7% | 29.4% | 29.5% | 14.6% | 15.1% | 26.4% | 17.3% | 17.1% | 89.1% | 30.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.4% | 9.9% | 9.1% | 9.2% | 22.1% | 14.0% | 10.4% | 11.7% | 12.8% | 2.9% | 4.7% |
| FCF Yield | 6.3% | 8.1% | 6.8% | 8.1% | 18.2% | 13.9% | 12.8% | 10.9% | 16.0% | 15.8% | 11.0% |
| Buyback Yield | 4.7% | 6.0% | 3.2% | 0.0% | 12.7% | 5.2% | 10.9% | 4.4% | 2.6% | 2.1% | 0.0% |
| Total Shareholder Yield | 6.4% | 8.3% | 5.9% | 2.7% | 15.9% | 7.4% | 13.7% | 6.4% | 4.8% | 4.7% | 1.5% |
| Shares Outstanding | — | $68M | $72M | $72M | $75M | $81M | $86M | $97M | $101M | $102M | $103M |
Puerto Rico economic concentration
With a P/B ratio of 1.79, Popular, Inc. trades at a valuation that appears to incorporate a persistent Puerto Rico discount, as evidenced by the bank's historical trading range and its relative positioning against mainland regional peers, according to recent market data and comparative financial analysis.
The current P/B multiple suggests that investors remain cautious regarding the long-term sustainability of the bank's earnings, likely due to the unique macroeconomic sensitivities of its primary market. This valuation implies a modest expectation for future ROTCE, suggesting the market views BPOP as a regional utility rather than a high-growth franchise.
As reported in quarterly financial statements, the bank's ROE has remained constrained in the 2.0% to 3.9% range over the last ten quarters, reflecting a profitability profile that appears significantly lower than its regional peers, which warrants further investigation into the underlying drivers of this performance gap.
The DuPont decomposition suggests that the bank's profitability is currently hampered by a low NIM environment and a reliance on a large, low-yielding securities portfolio. While the bank maintains a strong deposit franchise, the inability to translate this into higher ROE suggests that asset utilization remains a primary hurdle for management.
Based on the provided quarterly data, the efficiency ratio has fluctuated between 40.6% and 49.8%, indicating that while the bank maintains disciplined cost control, its NIM remains compressed at 0.9%, which may limit the bank's ability to generate significant operating leverage in the current interest rate environment.
The stability of the efficiency ratio suggests that management is effectively managing its large physical branch footprint, yet the low NIM indicates that the asset side of the balance sheet is not yet yielding sufficient returns. Investors should monitor whether the bank can optimize its securities portfolio to improve net interest income without increasing its risk profile.
The P/E ratio is frequently misapplied to Popular, Inc. because it fails to account for the significant volatility in provision for credit losses and the outsized impact of the securities portfolio on earnings, which can obscure the bank's true underlying operational profitability, according to standard banking analysis practices.
Using P/E as a primary valuation metric for BPOP is misleading because it ignores the capital-intensive nature of the bank's balance sheet and the accounting noise inherent in its DTA and securities valuations. Analysts should instead prioritize P/TBV, which provides a more accurate reflection of the bank's tangible capital base and its ability to generate returns on that capital.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying BPOP stock.
Popular, Inc.'s current P/E ratio is 13.6x. The historical average is 12.3x. This places it at the 73th percentile of its historical range.
Popular, Inc.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.0x.
Popular, Inc.'s return on equity (ROE) is 14.0%. The historical average is 8.7%.
Based on historical data, Popular, Inc. is trading at a P/E of 13.6x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Popular, Inc.'s current dividend yield is 1.75% with a payout ratio of 23.7%.
Popular, Inc. has 66.1% gross margin and 22.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Popular, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.