Latest Ratios: P/E Ratio 55.4x · EV/EBITDA 11.9x · ROE 3.1%. (2000–2025 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 | $8.5B | $8.7B | $9.9B | $2.6B | $1.4B | $1.4B | $1.3B | $2.3B | $3.9B | $8.8B | $3.5B |
| Enterprise Value | $4.9B | $-5416375574924 | $-193210754976 | $-1527604085053 | $-900985408247 | $-300777402911 | $-177645497516 | $-78597672782 | $-25971300138 | $36.2B | $1.5B |
| P/E Ratio → | 55.43 | 0.04 | 0.01 | 0.00 | 0.01 | 0.01 | 0.03 | 0.08 | — | 0.49 | 0.58 |
| P/S Ratio | 1.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.06 | 0.07 |
| P/B Ratio | 1.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.04 | 0.13 | 0.16 |
| P/FCF | 314.41 | 0.22 | — | 0.00 | 0.00 | — | 0.00 | 0.01 | 0.22 | — | 0.15 |
| P/OCF | 38.75 | 0.03 | — | 0.00 | 0.00 | — | 0.00 | 0.01 | 0.17 | — | 0.14 |
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 | — | -0.44 | -0.02 | -0.11 | -0.11 | -0.11 | -0.21 | -0.15 | -0.10 | 0.24 | 0.03 |
| EV / EBITDA | 11.89 | -8.90 | -0.08 | -1.12 | -1.42 | -0.80 | -1.11 | -0.85 | -2.47 | 1.44 | 0.15 |
| EV / EBIT | 23.81 | -17.83 | -0.09 | -1.29 | -2.03 | -1.04 | -1.31 | -0.95 | -3.67 | 1.58 | 0.16 |
| EV / FCF | — | -134.50 | — | -0.96 | -0.52 | — | -0.34 | -0.50 | -1.43 | — | 0.06 |
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 | 45.6% | 45.6% | 62.7% | 49.5% | 50.8% | 56.9% | 57.5% | 52.4% | 52.0% | 66.7% | 59.2% |
| Operating Margin | 2.4% | 2.4% | 20.8% | 8.5% | 5.2% | 10.1% | 15.7% | 16.2% | 2.6% | 15.5% | 19.0% |
| Net Profit Margin | 1.7% | 1.7% | 15.3% | 5.3% | 3.9% | 6.6% | 8.5% | 9.6% | -2.7% | 7.1% | 12.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.1% | 3.1% | 40.2% | 37.5% | 26.5% | 43.4% | 34.1% | 38.3% | -8.9% | 23.4% | 32.2% |
| ROA | 0.5% | 0.5% | 7.6% | 7.1% | 4.8% | 7.8% | 5.9% | 5.4% | -1.1% | 2.9% | 3.0% |
| ROIC | 2.3% | 2.3% | 31.0% | 36.4% | 21.2% | 38.8% | 33.1% | 26.2% | 3.0% | 19.7% | 21.6% |
| ROCE | 2.1% | 2.1% | 19.5% | 12.2% | 6.8% | 12.1% | 11.2% | 9.6% | 1.1% | 6.4% | 4.9% |
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 | 0.47 | 0.47 | 0.36 | 0.23 | 0.26 | 0.27 | 0.31 | 0.61 | 1.27 | 1.04 | 0.70 |
| Debt / EBITDA | 5.99 | 5.99 | 0.90 | 0.34 | 0.78 | 0.43 | 0.54 | 1.04 | 11.49 | 2.79 | 1.57 |
| Net Debt / Equity | — | -0.70 | -0.03 | -0.76 | -0.48 | -0.51 | -0.65 | -0.51 | -0.31 | 0.41 | -0.09 |
| Net Debt / EBITDA | -8.92 | -8.92 | -0.08 | -1.12 | -1.42 | -0.80 | -1.11 | -0.87 | -2.84 | 1.09 | -0.21 |
| Debt / FCF | — | -134.72 | — | -0.96 | -0.52 | — | -0.34 | -0.51 | -1.64 | — | -0.09 |
| Interest Coverage | 0.08 | 0.08 | 0.71 | 0.18 | 0.12 | 0.26 | 0.51 | 0.42 | 0.08 | 0.60 | 0.55 |
Net cash position: cash ($9.07T) exceeds total debt ($3.65T)
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 | 0.58 | 0.58 | 0.66 | 2.70 | 1.09 | 8.50 | 5.10 | 4.20 | 3.27 | 2.90 | 12.28 |
| Quick Ratio | 0.58 | 0.58 | 0.66 | 2.70 | 1.09 | 8.50 | 5.10 | 4.20 | 3.27 | 2.90 | 12.28 |
| Cash Ratio | 0.31 | 0.31 | 0.20 | 2.66 | 2.42 | 8.50 | 4.38 | 4.65 | 3.27 | 2.90 | 12.28 |
| Asset Turnover | — | 0.27 | 0.33 | 1.36 | 0.81 | 0.88 | 0.54 | 0.55 | 0.30 | 0.30 | 0.20 |
| 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 | 3.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 63.0% | 9.8% | 4.3% |
| Payout Ratio | 180.4% | 180.4% | 37.8% | 24.4% | 20.1% | 6.2% | 8.1% | 7.4% | — | 8.2% | 2.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 2636.3% | 19043.6% | 31300.5% | 10541.6% | 13477.3% | 3073.2% | 1285.3% | — | 202.4% | 172.0% |
| FCF Yield | 0.3% | 464.8% | — | 62341.8% | 120604.0% | — | 41501.5% | 6780.2% | 461.5% | — | 686.5% |
| Buyback Yield | 0.0% | 0.0% | 9.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 63.0% | 9.8% | 4.3% |
| Shares Outstanding | — | $161M | $159M | $148M | $148M | $148M | $143M | $143M | $143M | $134M | $130M |
Sovereign debt concentration risk
According to recent market data, GGAL trades at a P/B of 1.53, a multiple that appears to reflect its role as a liquid proxy for Argentine macro exposure rather than an assessment of its underlying franchise value or long-term return on tangible equity potential.
The current valuation suggests that investors are pricing the bank based on sovereign risk premiums rather than idiosyncratic operational performance. This multiple warrants caution, as it may decouple from fundamental banking metrics if the transition from central bank liabilities to treasury instruments fails to yield stable private sector credit growth.
As reported in financial statements, GGAL's ROE has struggled to maintain positive momentum, falling to 0.8% in 2026Q1, which highlights the difficulty of generating sustainable returns when inflationary adjustments and high tax rates compress the bank's core operational profitability.
The DuPont decomposition indicates that profitability is heavily influenced by non-interest income and the bank's ability to manage its cost base against a backdrop of hyperinflation. The volatility in ROE suggests that the bank's current earnings power is highly sensitive to the BCRA's interest rate policy rather than organic loan growth.
Based on the provided quarterly data, the net interest margin contracted to 3.5% in 2026Q1 from a 16.1% peak in 2024Q1, illustrating the significant pressure on funding costs and the bank's struggle to maintain spreads in a rapidly shifting monetary environment.
The efficiency ratio of 62.4% suggests that the bank's extensive physical branch network remains a structural drag on operating leverage. Investors should monitor whether the digital-first NaranjaX ecosystem can eventually offset these fixed costs or if the bank remains tethered to a high-cost, legacy operational model.
As indicated by recent regulatory filings, GGAL maintains an equity-to-assets ratio of 0.19, a level that appears adequate but warrants close scrutiny given the bank's massive exposure to sovereign-linked securities and the potential for rapid erosion of real capital value.
While the current capital ratios appear stable, the concentration of assets in government-linked instruments means that the bank's solvency is intrinsically tied to the sovereign's fiscal health. Any significant shift in the liquidity or default risk of these treasury instruments could necessitate a rapid strengthening of the capital base.
The P/E ratio is frequently misapplied to GGAL, as reported figures are heavily distorted by IAS 29 hyperinflationary accounting and the volatility of non-operating monetary gains, which obscures the bank's true underlying earnings power and operational efficiency.
Investors should prioritize P/B and P/TBV as more reliable valuation metrics, as they are less sensitive to the accounting noise inherent in hyperinflationary environments. Relying on P/E in this context may lead to erroneous conclusions regarding the bank's profitability, as it fails to account for the significant impact of inflation-related adjustments on net income.
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying GGAL stock.
Grupo Financiero Galicia S.A.'s current P/E ratio is 55.4x. The historical average is 2.1x. This places it at the 100th percentile of its historical range.
Grupo Financiero Galicia S.A.'s current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
Grupo Financiero Galicia S.A.'s return on equity (ROE) is 3.1%. The historical average is 11.2%.
Based on historical data, Grupo Financiero Galicia S.A. is trading at a P/E of 55.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Grupo Financiero Galicia S.A.'s current dividend yield is 3.03% with a payout ratio of 180.4%.
Grupo Financiero Galicia S.A. has 45.6% gross margin and 2.4% operating margin.
Grupo Financiero Galicia S.A.'s Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.