Latest Ratios: P/E Ratio 17.2x · EV/EBITDA 11.1x · ROE 25.9%. (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 | $6.7B | $5.0B | $5.9B | $6.9B | $6.5B | $11.1B | $6.2B | $8.4B | $7.5B | $6.3B | $4.4B |
| Enterprise Value | $12.6B | $10.9B | $11.4B | $11.5B | $10.6B | $15.7B | $10.9B | $12.7B | $11.3B | $9.4B | $7.0B |
| P/E Ratio → | 17.22 | 11.81 | 23.61 | 24.23 | 12.07 | 11.55 | 14.75 | 12.80 | 12.99 | 13.46 | 13.34 |
| P/S Ratio | 2.91 | 2.16 | 2.74 | 3.69 | 3.55 | 5.98 | 3.73 | 5.67 | 5.83 | 5.71 | 4.60 |
| P/B Ratio | 4.79 | 3.29 | 3.35 | 3.95 | 3.98 | 6.07 | 2.70 | 1.32 | 1.36 | 1.46 | 1.26 |
| P/FCF | 6.40 | 4.75 | 5.15 | 5.78 | 5.23 | 10.43 | 6.36 | 10.69 | 10.99 | 11.35 | 8.85 |
| P/OCF | 6.39 | 4.75 | 5.14 | 5.76 | 5.22 | 10.35 | 6.30 | 10.33 | 10.59 | 11.18 | 8.75 |
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 | — | 4.69 | 5.32 | 6.13 | 5.83 | 8.46 | 6.54 | 8.62 | 8.79 | 8.48 | 7.28 |
| EV / EBITDA | 11.12 | 9.59 | 32.19 | 30.83 | 14.61 | 12.22 | 18.90 | 14.64 | 14.64 | 15.72 | 12.96 |
| EV / EBIT | 11.41 | 10.56 | 34.95 | 33.19 | 15.15 | 12.48 | 19.71 | 15.03 | 15.02 | 16.16 | 13.33 |
| EV / FCF | — | 10.31 | 10.00 | 9.61 | 8.61 | 14.76 | 11.16 | 16.23 | 16.58 | 16.84 | 14.01 |
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 | 98.7% | 98.7% | 62.4% | 67.2% | 73.9% | 77.2% | 75.0% | 71.6% | 72.6% | 74.4% | 74.1% |
| Operating Margin | 47.6% | 47.6% | 15.2% | 18.5% | 38.5% | 67.8% | — | 57.3% | 58.5% | 52.5% | 54.6% |
| Net Profit Margin | 18.3% | 18.3% | 11.6% | 15.2% | 29.4% | 51.8% | 25.3% | 44.3% | 44.8% | 42.5% | 34.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.9% | 25.9% | 14.2% | 16.9% | 31.1% | 46.4% | 9.7% | 11.1% | 11.7% | 11.9% | 14.9% |
| ROA | 4.4% | 4.4% | 2.7% | 3.6% | 7.3% | 13.2% | 5.6% | 9.6% | 10.2% | 10.2% | 8.7% |
| ROIC | 10.4% | 10.4% | 3.3% | 4.0% | 8.3% | 14.0% | — | 6.3% | 6.7% | 6.4% | 8.6% |
| ROCE | 14.7% | 14.7% | 3.6% | 4.3% | 9.6% | 17.7% | — | 12.8% | 13.8% | 13.1% | 14.4% |
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 | 4.17 | 4.17 | 3.63 | 2.89 | 2.83 | 2.53 | 2.04 | 0.71 | 0.70 | 0.71 | 0.74 |
| Debt / EBITDA | 5.61 | 5.61 | 18.00 | 13.55 | 6.31 | 3.60 | 8.16 | 5.21 | 4.97 | 5.14 | 4.80 |
| Net Debt / Equity | — | 3.84 | 3.15 | 2.62 | 2.57 | 2.52 | 2.04 | 0.68 | 0.69 | 0.71 | 0.73 |
| Net Debt / EBITDA | 5.17 | 5.17 | 15.61 | 12.29 | 5.73 | 3.58 | 8.13 | 5.00 | 4.94 | 5.13 | 4.77 |
| Debt / FCF | — | 5.56 | 4.85 | 3.83 | 3.38 | 4.33 | 4.80 | 5.54 | 5.59 | 5.49 | 5.16 |
| Interest Coverage | 2.22 | 2.22 | — | — | — | — | — | 4.32 | 4.78 | 4.83 | 5.40 |
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 | 0.26 | 0.26 | — | — | — | 39.28 | 39.23 | 35.47 | 32.61 | 25.74 | 24.92 |
| Quick Ratio | 0.26 | 0.26 | — | — | — | 39.28 | 39.23 | 35.47 | 32.61 | 25.74 | 24.92 |
| Cash Ratio | 0.23 | 0.23 | — | — | — | 0.13 | 0.09 | 0.91 | 0.14 | 0.04 | 0.09 |
| Asset Turnover | — | 0.24 | 0.22 | 0.22 | 0.24 | 0.26 | 0.22 | 0.20 | 0.21 | 0.22 | 0.23 |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 8.5% | 4.2% | 4.1% | 8.3% | 8.7% | 6.8% | 7.8% | 7.7% | 7.4% | 7.5% |
| FCF Yield | 15.6% | 21.0% | 19.4% | 17.3% | 19.1% | 9.6% | 15.7% | 9.4% | 9.1% | 8.8% | 11.3% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $11M | $12M | $13M | $14M | $16M | $18M | $19M | $20M | $20M | $20M |
Credit provision volatility
According to recent market data, CACC trades at a P/E of 16.75, which appears to discount the inherent volatility of its subprime loan portfolio while pricing in a premium for its unique dealer-participation model compared to broader consumer finance peers like Ally Financial.
The current forward P/E of 13.06 suggests that investors are anticipating a normalization of earnings, yet the PEG ratio of 1.70 indicates that the market remains cautious regarding the company's ability to sustain historical growth rates. This valuation multiple warrants further investigation, as it may be overly sensitive to short-term credit provision swings rather than the long-term compounding potential of the dealer-loan program.
Based on reported figures, CACC's ROIC has struggled to maintain momentum, fluctuating between a low of 1.0% in 2025Q2 and a peak of 2.9% in 2025Q4, which suggests that the company's ability to compound capital is heavily tethered to the accuracy of its credit loss estimates.
The observed decay in ROIC relative to historical norms appears to be a function of both rising interest expenses and the conservative accounting requirements under CECL. Investors should monitor whether the company can improve these returns as the portfolio matures, or if the current regulatory environment will continue to suppress capital efficiency.
As reported in financial statements, CACC's debt-to-EBITDA ratio has shown significant volatility, spiking to 55.59 in 2025Q2, which indicates that the company's leverage profile is highly sensitive to the cyclical nature of its operating income and the timing of securitization activities.
While the D/E ratio appears to have stabilized near 4.17, the extreme variance in interest coverage suggests that the company's debt service capacity is not as robust as a traditional bank. This leverage profile may indicate a vulnerability to tightening credit markets, necessitating a closer look at the company's refinancing schedule and ABS market access.
The price-to-book ratio is frequently misapplied to CACC, as it fails to account for the off-balance-sheet nature of the dealer holdback and the significant non-cash provisions that artificially depress the reported equity base under current accounting standards.
Investors should instead focus on the internal rate of return (IRR) of the loan pools and the cash-on-cash yield, as these metrics better capture the true economic value of the business. Relying on P/B ignores the company's unique ability to generate cash flow that far exceeds its accounting earnings, potentially leading to an undervaluation of the firm's core earning power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CACC stock.
Credit Acceptance Corporation's current P/E ratio is 17.2x. The historical average is 14.2x. This places it at the 79th percentile of its historical range.
Credit Acceptance Corporation's current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
Credit Acceptance Corporation's return on equity (ROE) is 25.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.4%.
Based on historical data, Credit Acceptance Corporation is trading at a P/E of 17.2x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Credit Acceptance Corporation has 98.7% gross margin and 47.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Credit Acceptance Corporation's Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.