Latest Ratios: P/E Ratio 24.8x · EV/EBITDA 13.0x · ROE 12.0%. (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 | $1.6B | $947M | $667M | $635M | $424M | $278M | $361M | $619M | $516M | $602M |
| Enterprise Value | $2.4B | $1.9B | $1.3B | $1.1B | $975M | $648M | $428M | $442M | $751M | $637M | $820M |
| P/E Ratio → | 24.84 | 13.41 | 10.19 | 15.57 | 11.01 | 50.47 | — | 204.27 | 15.97 | 15.32 | — |
| P/S Ratio | 1.62 | 1.25 | 0.81 | 0.64 | 0.72 | 0.58 | 0.34 | 0.43 | 0.76 | 0.69 | 0.82 |
| P/B Ratio | 2.87 | 1.55 | 1.18 | 0.89 | 0.92 | 0.63 | 0.43 | 0.49 | 0.84 | 0.78 | 1.01 |
| P/FCF | 18.71 | 14.38 | 12.16 | 10.87 | 18.34 | 18.55 | 13.54 | 5.59 | 12.77 | 20.12 | 10.97 |
| P/OCF | 13.86 | 10.66 | 8.33 | 6.55 | 9.55 | 9.12 | 5.67 | 3.49 | 6.96 | 10.19 | 8.84 |
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 | — | 1.48 | 1.16 | 1.01 | 1.10 | 0.89 | 0.52 | 0.52 | 0.92 | 0.85 | 1.12 |
| EV / EBITDA | 12.99 | 10.36 | 9.22 | 8.51 | 9.11 | 5.87 | 15.22 | 5.84 | 8.11 | 8.30 | 14.18 |
| EV / EBIT | 15.82 | 11.08 | 10.40 | 15.52 | 12.55 | 16.94 | — | 12.02 | 9.01 | 9.04 | 48.68 |
| EV / FCF | — | 17.04 | 17.26 | 17.22 | 28.15 | 28.36 | 20.81 | 6.84 | 15.48 | 24.82 | 14.95 |
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 | 58.5% | 58.5% | 58.7% | 58.1% | 59.6% | 61.6% | 54.6% | 58.4% | 59.3% | 58.2% | 58.6% |
| Operating Margin | 11.7% | 11.7% | 9.7% | 8.8% | 8.5% | 4.3% | -5.9% | 5.5% | 8.3% | 7.1% | 4.0% |
| Net Profit Margin | 8.6% | 8.6% | 7.2% | 3.7% | 5.7% | 1.2% | -8.3% | 0.3% | 4.6% | 4.2% | -11.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.0% | 12.0% | 10.7% | 5.3% | 7.4% | 1.3% | -9.8% | 0.3% | 5.3% | 5.0% | -12.8% |
| ROA | 6.4% | 6.4% | 5.6% | 2.7% | 3.8% | 0.7% | -6.0% | 0.2% | 3.3% | 3.1% | -7.4% |
| ROIC | 7.1% | 7.1% | 6.2% | 5.3% | 4.7% | 2.1% | -3.5% | 3.3% | 4.8% | 4.4% | 2.4% |
| ROCE | 10.0% | 10.0% | 9.0% | 7.5% | 6.5% | 2.9% | -4.7% | 4.8% | 6.9% | 5.8% | 3.1% |
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 | 0.75 | 0.75 | 0.70 | 0.82 | 0.79 | 0.71 | 0.70 | 0.32 | 0.56 | 0.43 | 0.48 |
| Debt / EBITDA | 4.20 | 4.20 | 3.89 | 4.91 | 5.10 | 4.33 | 16.16 | 3.15 | 4.50 | 3.71 | 4.90 |
| Net Debt / Equity | — | 0.29 | 0.49 | 0.52 | 0.49 | 0.33 | 0.23 | 0.11 | 0.18 | 0.18 | 0.37 |
| Net Debt / EBITDA | 1.62 | 1.62 | 2.72 | 3.14 | 3.18 | 2.03 | 5.32 | 1.07 | 1.42 | 1.57 | 3.77 |
| Debt / FCF | — | 2.67 | 5.09 | 6.35 | 9.81 | 9.81 | 7.27 | 1.25 | 2.71 | 4.69 | 3.97 |
| Interest Coverage | 7.37 | 7.37 | 9.51 | 4.14 | 7.79 | 1.72 | -2.12 | 1.13 | 3.00 | 2.54 | 1.02 |
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 | 5.61 | 5.61 | 2.71 | 3.75 | 4.21 | 3.94 | 4.48 | 6.65 | 2.88 | 8.00 | 5.08 |
| Quick Ratio | 5.61 | 5.61 | 2.71 | 3.75 | 4.21 | 3.94 | 4.48 | 6.65 | 2.88 | 8.00 | 5.08 |
| Cash Ratio | 2.34 | 2.34 | 0.63 | 1.15 | 1.35 | 1.64 | 2.30 | 1.73 | 1.10 | 2.27 | 0.69 |
| Asset Turnover | — | 0.65 | 0.78 | 0.71 | 0.66 | 0.58 | 0.69 | 0.78 | 0.65 | 0.73 | 0.74 |
| 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 | 4.0% | 7.5% | 9.8% | 6.4% | 9.1% | 2.0% | — | 0.5% | 6.3% | 6.5% | — |
| FCF Yield | 5.3% | 7.0% | 8.2% | 9.2% | 5.5% | 5.4% | 7.4% | 17.9% | 7.8% | 5.0% | 9.1% |
| Buyback Yield | 0.3% | 0.4% | 1.3% | 2.5% | 0.3% | 0.2% | 1.9% | 0.0% | 0.0% | 0.0% | 2.0% |
| Total Shareholder Yield | 0.3% | 0.4% | 1.3% | 2.5% | 0.3% | 0.2% | 1.9% | 0.0% | 0.0% | 0.0% | 2.0% |
| Shares Outstanding | — | $83M | $84M | $81M | $82M | $56M | $55M | $56M | $58M | $54M | $54M |
Regulatory interest rate caps
According to current market data, EZPW trades at a forward P/E of 16.05, which represents a notable discount to peer First Cash, suggesting that investors remain cautious regarding the company's historical governance structure and its smaller relative scale within the competitive Latin American pawn market.
The valuation multiple appears to bake in a risk premium that may overlook the company's recent operational improvements and digital platform integration. While the discount is partially justified by the smaller market capitalization compared to FCFS, the current forward multiple may undervalue the potential for margin expansion as the EZ+ platform scales.
As reported in recent financial statements, EZPW's ROIC has hovered between 1.2% and 2.7% over the last ten quarters, a trend that indicates the company is struggling to generate high returns on its invested capital base, largely due to the accumulation of goodwill from recent acquisitions.
The low ROIC relative to peers suggests that the company's inorganic growth strategy has yet to yield the expected synergistic returns on invested capital. Investors should monitor whether management can improve asset utilization in the acquired store networks to drive these returns closer to the cost of capital.
Based on the provided quarterly data, EZPW's asset turnover has remained stagnant near 0.20, reflecting the capital-intensive nature of maintaining a physical store footprint and the inherent drag of carrying pawned inventory until it is liquidated through secondary market channels.
The fluctuation in DSO, which has ranged from 15 to 61 days, suggests inconsistent efficiency in managing the pawn loan portfolio and the subsequent collection of service charges. This variability warrants further investigation into whether store-level appraisal practices are sufficiently standardized across the expanding international footprint.
As indicated by recent filings, EZPW maintains a debt-to-equity ratio of 0.70 and an interest coverage ratio of 8.84x, suggesting that the company's current leverage profile is well-managed and provides sufficient breathing room to navigate potential economic volatility or further strategic store acquisitions.
The company's ability to maintain these coverage levels despite the cyclical nature of pawn lending indicates a disciplined approach to debt management. However, the reliance on debt to fund growth means that any significant regulatory shift impacting interest rate ceilings could rapidly compress the interest coverage buffer.
The most commonly misapplied metric for EZPW is the Price-to-Sales ratio, which obscures the company's true earning power by failing to distinguish between high-margin pawn service charges and low-margin merchandise sales, leading to an inaccurate assessment of the business's underlying profitability and growth potential.
Analysts should instead prioritize Net Revenue Yield and Pawn Loans Outstanding to gauge the health of the lending operations, which are the primary drivers of value. Relying on P/S ratios ignores the fact that merchandise sales are often a byproduct of loan defaults rather than a primary growth engine.
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Quick answers to the most common questions about buying EZPW stock.
EZCORP, Inc.'s current P/E ratio is 24.8x. The historical average is 18.9x. This places it at the 82th percentile of its historical range.
EZCORP, Inc.'s current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
EZCORP, Inc.'s return on equity (ROE) is 12.0%. The historical average is 5.4%.
Based on historical data, EZCORP, Inc. is trading at a P/E of 24.8x. This is at the 82th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
EZCORP, Inc. has 58.5% gross margin and 11.7% operating margin. Operating margin between 10-20% is typical for established companies.
EZCORP, Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.