Latest Ratios: P/E Ratio 20.9x · EV/EBITDA 12.0x · ROE 34.8%. (2005–2025 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 | $17.3B | $28.8B | $23.5B | $19.7B | $16.9B | $19.0B | $14.8B | $15.2B | $13.9B | $9.1B | $7.9B |
| Enterprise Value | $20.2B | $31.6B | $26.7B | $23.1B | $20.7B | $22.9B | $16.4B | $16.4B | $14.6B | $10.0B | $8.2B |
| P/E Ratio → | 20.93 | 34.23 | 33.62 | 31.25 | 31.33 | 34.74 | 31.95 | 31.45 | 32.42 | 27.88 | 25.77 |
| P/S Ratio | 2.52 | 4.17 | 3.61 | 3.25 | 2.96 | 3.81 | 3.26 | 3.48 | 3.20 | 2.20 | 2.74 |
| P/B Ratio | 6.62 | 10.83 | 10.82 | 8.80 | 8.80 | 10.52 | 10.96 | 13.45 | 12.66 | 9.09 | 7.58 |
| P/FCF | 16.42 | 27.22 | 24.88 | 26.35 | 45.61 | 35.28 | 29.56 | 27.86 | 24.94 | 29.24 | 21.89 |
| P/OCF | 14.81 | 24.55 | 22.21 | 23.94 | 38.09 | 29.73 | 24.68 | 24.58 | 19.98 | 17.69 | 18.11 |
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 | — | 4.59 | 4.11 | 3.81 | 3.63 | 4.59 | 3.62 | 3.75 | 3.38 | 2.40 | 2.84 |
| EV / EBITDA | 12.00 | 18.76 | 17.88 | 16.98 | 16.94 | 22.64 | 17.74 | 17.93 | 18.08 | 14.13 | 13.44 |
| EV / EBIT | 17.03 | 26.49 | 26.02 | 24.68 | 27.28 | 33.81 | 26.24 | 25.07 | 24.28 | 18.69 | 16.52 |
| EV / FCF | — | 29.96 | 28.35 | 30.89 | 55.98 | 42.54 | 32.83 | 30.06 | 26.36 | 31.90 | 22.68 |
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 | 31.0% | 31.0% | 29.7% | 29.5% | 27.9% | 28.5% | 27.9% | 28.2% | 26.8% | 24.9% | 31.8% |
| Operating Margin | 17.3% | 17.3% | 15.6% | 15.4% | 13.3% | 13.6% | 13.8% | 15.0% | 13.8% | 12.8% | 17.3% |
| Net Profit Margin | 12.2% | 12.2% | 10.7% | 10.4% | 9.4% | 11.0% | 10.2% | 11.1% | 9.9% | 7.9% | 10.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 34.8% | 34.8% | 31.7% | 30.3% | 28.9% | 34.7% | 37.4% | 43.4% | 40.8% | 31.9% | 31.2% |
| ROA | 10.0% | 10.0% | 8.5% | 7.7% | 6.6% | 8.4% | 10.5% | 13.4% | 13.3% | 10.8% | 11.7% |
| ROIC | 16.2% | 16.2% | 13.8% | 12.3% | 9.9% | 11.7% | 17.7% | 23.3% | 24.1% | 25.2% | 28.6% |
| ROCE | 17.6% | 17.6% | 16.1% | 14.8% | 11.1% | 13.1% | 18.9% | 23.3% | 24.3% | 23.2% | 24.7% |
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 | 1.30 | 1.30 | 1.65 | 1.63 | 2.12 | 2.32 | 1.57 | 1.30 | 0.96 | 1.10 | 0.97 |
| Debt / EBITDA | 2.05 | 2.05 | 2.39 | 2.68 | 3.32 | 4.14 | 2.28 | 1.61 | 1.30 | 1.56 | 1.66 |
| Net Debt / Equity | — | 1.09 | 1.51 | 1.52 | 2.00 | 2.16 | 1.21 | 1.06 | 0.72 | 0.83 | 0.28 |
| Net Debt / EBITDA | 1.72 | 1.72 | 2.19 | 2.50 | 3.14 | 3.86 | 1.77 | 1.31 | 0.97 | 1.18 | 0.47 |
| Debt / FCF | — | 2.74 | 3.47 | 4.55 | 10.37 | 7.26 | 3.27 | 2.20 | 1.42 | 2.66 | 0.79 |
| Interest Coverage | 8.80 | 8.80 | 6.84 | 6.52 | 8.66 | 11.80 | 10.00 | 14.22 | 14.23 | 11.92 | 17.51 |
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 | 0.98 | 0.98 | 1.08 | 0.58 | 1.01 | 0.98 | 0.99 | 1.30 | 1.28 | 1.33 | 1.86 |
| Quick Ratio | 0.98 | 0.98 | 1.06 | 0.57 | 1.01 | 0.98 | 0.97 | 1.27 | 1.25 | 1.31 | 1.85 |
| Cash Ratio | 0.30 | 0.30 | 0.21 | 0.11 | 0.17 | 0.21 | 0.36 | 0.34 | 0.34 | 0.36 | 1.05 |
| Asset Turnover | — | 0.81 | 0.79 | 0.74 | 0.70 | 0.62 | 0.93 | 1.12 | 1.31 | 1.32 | 1.01 |
| Inventory Turnover | — | — | 149.93 | 125.38 | — | — | 151.87 | 148.43 | 171.33 | 180.79 | 240.96 |
| Days Sales Outstanding | — | 57.07 | 59.77 | 58.66 | 60.54 | 59.96 | 57.32 | 55.56 | 51.84 | 51.94 | 57.13 |
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 | 2.3% | 1.4% | 1.6% | 1.7% | 1.7% | 1.4% | 1.6% | 1.4% | 1.2% | 1.7% | 1.7% |
| Payout Ratio | 47.9% | 47.9% | 52.7% | 52.5% | 53.9% | 47.8% | 52.1% | 43.8% | 38.7% | 46.6% | 44.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 2.9% | 3.0% | 3.2% | 3.2% | 2.9% | 3.1% | 3.2% | 3.1% | 3.6% | 3.9% |
| FCF Yield | 6.1% | 3.7% | 4.0% | 3.8% | 2.2% | 2.8% | 3.4% | 3.6% | 4.0% | 3.4% | 4.6% |
| Buyback Yield | 0.8% | 0.5% | 2.1% | 0.1% | 0.1% | 0.1% | 0.5% | 2.6% | 2.0% | 3.8% | 1.5% |
| Total Shareholder Yield | 3.1% | 1.9% | 3.6% | 1.8% | 1.9% | 1.5% | 2.1% | 4.0% | 3.2% | 5.4% | 3.3% |
| Shares Outstanding | — | $118M | $119M | $119M | $119M | $118M | $117M | $119M | $120M | $121M | $122M |
Regulatory proxy rule changes
Based on current market data, Broadridge trades at a forward P/E of 14.45, which appears to reflect a valuation premium relative to pure-play fintech peers, likely driven by the company's unique, regulatory-mandated role as the central clearinghouse for US shareholder communications and proxy processing infrastructure.
The current valuation suggests that investors are pricing the company as a defensive utility rather than a high-growth technology firm. While the PEG ratio of 1.56 indicates a moderate growth expectation, the market appears to be discounting the cyclical risks inherent in its GTO segment in favor of the stability provided by its ICS business.
According to recent financial disclosures, Broadridge's ROIC has fluctuated between 1.6% and 6.6% over the last ten quarters, a trend that suggests the company's ability to compound returns is heavily impacted by the significant goodwill and intangible assets accumulated through its aggressive acquisition strategy.
The relatively low ROIC figures indicate that the company's capital-intensive growth model requires substantial reinvestment to maintain its competitive moat. Investors should monitor whether future acquisitions can generate sufficient incremental returns to exceed the company's cost of capital, as current levels appear modest for a technology-focused business.
As reported in quarterly filings, Broadridge's asset turnover remains low at approximately 0.20, reflecting the heavy reliance on pass-through distribution activities that inflate the balance sheet without contributing proportionally to the core technology-driven revenue streams that define the company's underlying operational efficiency.
The DSO trend, which has hovered between 47 and 63 days, suggests that the company's cash conversion cycle is highly sensitive to the seasonal nature of proxy season billings. This structural reliance on seasonal cash inflows warrants caution, as any disruption in the timing of these payments could temporarily strain liquidity.
Based on reported figures, Broadridge has demonstrated a clear deleveraging trend, with the debt-to-equity ratio improving from 1.87 in 2024Q2 to 1.14 in 2026Q3, which suggests a more conservative approach to capital structure management compared to the company's historical reliance on debt for M&A.
The improvement in interest coverage, which reached 14.32x in 2026Q3, indicates that the company's debt-servicing capacity has become significantly more comfortable. This shift may provide management with greater financial flexibility, though investors should verify if this deleveraging is a permanent strategic pivot or a temporary pause in acquisition activity.
The gross margin metric is frequently misapplied to Broadridge, as the reported 31.02% figure is heavily distorted by low-margin pass-through postage and distribution costs that do not reflect the true earning power of the company's high-margin, recurring software and data processing services.
Analysts should instead focus on 'recurring fee revenue' margins to better assess the underlying profitability of the technology business. Relying on consolidated gross margins obscures the company's actual operational leverage and may lead to an incorrect assessment of its competitive position relative to pure-play SaaS providers.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying BR stock.
Broadridge Financial Solutions, Inc.'s current P/E ratio is 20.9x. The historical average is 24.5x. This places it at the 37th percentile of its historical range.
Broadridge Financial Solutions, Inc.'s current EV/EBITDA is 12.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
Broadridge Financial Solutions, Inc.'s return on equity (ROE) is 34.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 28.5%.
Based on historical data, Broadridge Financial Solutions, Inc. is trading at a P/E of 20.9x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Broadridge Financial Solutions, Inc.'s current dividend yield is 2.29% with a payout ratio of 47.9%.
Broadridge Financial Solutions, Inc. has 31.0% gross margin and 17.3% operating margin. Operating margin between 10-20% is typical for established companies.
Broadridge Financial Solutions, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.