Latest Ratios: P/E Ratio 20.3x · EV/EBITDA 13.2x · ROE 24.3%. (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 | $5.9B | $4.1B | $2.7B | $1.8B | $1.3B | $1.5B | $800M | $828M | $685M | $519M | $420M |
| Enterprise Value | $10.3B | $8.6B | $6.2B | $4.4B | $3.5B | $2.8B | $1.5B | $1.8B | $1.5B | $1.2B | $1.0B |
| P/E Ratio → | 20.27 | 13.58 | 12.90 | 10.08 | 6.20 | 6.03 | 2.12 | 6.47 | 9.78 | 17.67 | 12.18 |
| P/S Ratio | 1.86 | 1.31 | 1.02 | 0.83 | 0.74 | 1.28 | 0.74 | 0.70 | 0.70 | 0.71 | 0.56 |
| P/B Ratio | 4.63 | 3.10 | 2.26 | 1.42 | 1.08 | 1.41 | 0.87 | 2.20 | 1.97 | 1.84 | 1.74 |
| P/FCF | 3.31 | 2.34 | 1.81 | 1.58 | 1.51 | 3.50 | 1.12 | 0.97 | 1.02 | 1.20 | 1.11 |
| P/OCF | 3.22 | 2.28 | 1.76 | 1.51 | 1.44 | 3.28 | 1.08 | 0.95 | 1.00 | 1.16 | 1.07 |
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 | — | 2.74 | 2.34 | 2.07 | 2.00 | 2.32 | 1.40 | 1.55 | 1.56 | 1.70 | 1.39 |
| EV / EBITDA | 13.24 | 11.05 | 9.96 | 9.51 | 8.26 | 6.26 | 4.02 | 6.91 | 7.99 | 9.59 | 7.54 |
| EV / EBIT | 13.99 | 17.69 | 21.15 | 19.26 | 12.97 | 8.34 | 5.60 | 10.54 | 15.77 | 29.43 | 18.49 |
| EV / FCF | — | 4.87 | 4.16 | 3.90 | 4.09 | 6.34 | 2.13 | 2.13 | 2.27 | 2.88 | 2.73 |
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 | 50.1% | 50.1% | 46.6% | 48.9% | 57.7% | 78.5% | 55.1% | 42.2% | 40.1% | 41.4% | 47.2% |
| Operating Margin | 23.5% | 23.5% | 22.0% | 19.9% | 22.1% | 34.2% | 33.0% | 21.1% | 18.0% | 15.9% | 16.3% |
| Net Profit Margin | 9.8% | 9.8% | 7.9% | 8.3% | 11.9% | 21.2% | 34.9% | 3.1% | 7.2% | 4.0% | 4.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.3% | 24.3% | 17.2% | 14.4% | 18.2% | 25.5% | 58.3% | 10.1% | 22.3% | 11.2% | 15.5% |
| ROA | 5.3% | 5.3% | 4.3% | 4.2% | 6.3% | 10.5% | 20.5% | 2.5% | 5.6% | 2.7% | 3.8% |
| ROIC | 10.4% | 10.4% | 9.7% | 8.2% | 9.6% | 13.9% | 16.1% | 14.2% | 11.5% | 8.9% | 11.1% |
| ROCE | 13.5% | 13.5% | 12.8% | 10.7% | 12.4% | 18.1% | 21.0% | 18.4% | 15.1% | 11.7% | 14.5% |
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 | 3.41 | 3.41 | 3.00 | 2.41 | 1.93 | 1.30 | 1.10 | 2.73 | 2.47 | 2.81 | 2.70 |
| Debt / EBITDA | 5.84 | 5.84 | 5.75 | 6.49 | 5.45 | 3.18 | 2.69 | 3.91 | 4.53 | 6.11 | 4.76 |
| Net Debt / Equity | — | 3.36 | 2.94 | 2.11 | 1.85 | 1.15 | 0.78 | 2.64 | 2.39 | 2.57 | 2.54 |
| Net Debt / EBITDA | 5.75 | 5.75 | 5.64 | 5.67 | 5.21 | 2.81 | 1.90 | 3.77 | 4.38 | 5.58 | 4.47 |
| Debt / FCF | — | 2.53 | 2.36 | 2.33 | 2.58 | 2.85 | 1.01 | 1.16 | 1.24 | 1.68 | 1.62 |
| Interest Coverage | 2.88 | 2.88 | — | 1.17 | 2.31 | 4.40 | 3.13 | 2.28 | 1.21 | 0.57 | 0.85 |
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 | 0.23 | 0.23 | 9.96 | 15.79 | 16.67 | 14.70 | 10.55 | 9.89 | 11.26 | 10.77 | 9.00 |
| Quick Ratio | 0.23 | 0.23 | 9.96 | 15.79 | 16.67 | 14.70 | 10.55 | 9.89 | 11.26 | 10.77 | 9.00 |
| Cash Ratio | 0.23 | 0.23 | 0.15 | 1.45 | 0.51 | 1.06 | 1.90 | 0.29 | 0.31 | 0.89 | 0.56 |
| Asset Turnover | — | 0.49 | 0.50 | 0.46 | 0.46 | 0.44 | 0.51 | 0.75 | 0.73 | 0.63 | 0.76 |
| 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 | 4.9% | 7.4% | 7.7% | 9.9% | 16.1% | 16.6% | 47.2% | 15.5% | 10.2% | 5.7% | 8.2% |
| FCF Yield | 30.3% | 42.8% | 55.3% | 63.5% | 66.2% | 28.6% | 88.9% | 103.4% | 97.7% | 83.0% | 90.2% |
| Buyback Yield | 3.7% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 3.7% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $26M | $28M | $32M | $33M | $38M | $32M | $34M | $35M | $34M | $33M |
Regulatory and credit cycle
With a forward P/E of 14.05 and a TTM P/E of 19.95, Enova's valuation appears to discount its fintech-like growth potential, as reported in recent financial data, suggesting the market views the firm primarily as a cyclical lender rather than a high-growth technology platform.
The current valuation multiples imply that investors are cautious about the sustainability of earnings in a high-interest-rate environment. This pricing gap relative to pure-play technology firms suggests that the market requires a higher risk premium for the company's balance-sheet-intensive model.
Based on reported figures, Enova's ROIC has remained in a narrow range between 1.8% and 2.8% over the last ten quarters, indicating that the company's ability to compound returns is heavily impacted by the upfront CECL provisioning requirements inherent in its lending model.
The modest ROIC figures reflect the accounting friction of recognizing lifetime losses immediately upon origination. Investors should monitor whether the integration of the OnDeck platform can drive higher capital efficiency through improved predictive modeling and lower loss ratios over time.
As reported in financial statements, Enova's debt-to-equity ratio has climbed to 3.45 in 2026Q1, a trend that highlights the company's reliance on external financing to fuel its aggressive loan portfolio growth while maintaining a relatively thin equity base for its scale.
The rising leverage profile warrants careful investigation into the company's interest coverage, which has fluctuated around 2.20x. While this level appears manageable under current conditions, any significant tightening in credit markets could limit the firm's ability to refinance debt at favorable rates.
The price-to-book ratio of 4.56 is frequently misapplied to Enova, as it fails to account for the significant divergence between the fair value of the loan portfolio and the accounting book value under current CECL standards, according to recent industry analysis.
Investors should prioritize pre-provision operating income and cash flow generation over book value metrics. Relying on P/B ignores the fact that the company's primary assets are short-duration, high-yield loans that are constantly turning over, making traditional bank-style valuation metrics less relevant for this business model.
Includes 30+ ratios · 17 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ENVA stock.
Enova International, Inc.'s current P/E ratio is 20.3x. The historical average is 9.0x. This places it at the 100th percentile of its historical range.
Enova International, Inc.'s current EV/EBITDA is 13.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.6x.
Enova International, Inc.'s return on equity (ROE) is 24.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 34.2%.
Based on historical data, Enova International, Inc. is trading at a P/E of 20.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Enova International, Inc. has 50.1% gross margin and 23.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Enova International, Inc.'s Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.