Latest Ratios: P/E Ratio 12.8x · EV/EBITDA 21.4x · ROE 8.0%. (2018–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $439M | $876M | $859M | $619M | $853M | $1.0B | — | — |
| Enterprise Value | $3.4B | $3.8B | $2.8B | $2.1B | $3.6B | $6.5B | — | — |
| P/E Ratio → | 12.83 | 9.04 | — | 1.89 | 3.00 | 2.74 | — | — |
| P/S Ratio | 0.37 | 0.75 | 1.18 | 0.51 | 0.52 | 0.60 | — | — |
| P/B Ratio | 0.99 | 0.70 | 0.73 | 0.50 | 0.93 | 1.38 | — | — |
| P/FCF | — | — | — | 0.49 | 1.26 | — | — | — |
| P/OCF | — | — | — | 0.49 | 1.25 | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.23 | 3.87 | 1.68 | 2.19 | 3.84 | — | — |
| EV / EBITDA | 21.40 | 24.18 | — | 4.56 | 8.61 | 12.48 | — | — |
| EV / EBIT | 28.19 | 31.86 | — | 4.90 | 9.35 | 13.14 | — | — |
| EV / FCF | — | — | — | 1.64 | 5.35 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 90.6% | 90.6% | 90.9% | 95.8% | 96.2% | 96.3% | 92.6% | 91.8% |
| Operating Margin | 10.1% | 10.1% | -6.3% | 34.3% | 23.5% | 29.2% | 0.7% | 17.6% |
| Net Profit Margin | 8.3% | 8.3% | -5.3% | 26.9% | 17.2% | 21.9% | 0.7% | 13.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | -3.2% | 30.3% | 34.3% | 64.9% | 0.5% | 4.3% |
| ROA | 2.3% | 2.3% | -1.1% | 8.6% | 6.2% | 10.0% | 0.2% | 3.6% |
| ROIC | 2.4% | 2.4% | -1.1% | 9.3% | 5.5% | 7.3% | 0.2% | 3.9% |
| ROCE | 5.2% | 5.2% | -2.4% | 24.7% | 110.3% | — | 1.7% | 8.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.42 | 2.42 | 1.77 | 1.26 | 3.27 | 7.89 | 7.99 | 0.09 |
| Debt / EBITDA | 19.35 | 19.35 | — | 3.49 | 7.16 | 11.17 | 246.41 | 1.53 |
| Net Debt / Equity | — | 2.33 | 1.66 | 1.15 | 3.00 | 7.44 | 7.74 | 0.06 |
| Net Debt / EBITDA | 18.60 | 18.60 | — | 3.19 | 6.58 | 10.52 | 238.68 | 0.97 |
| Debt / FCF | — | — | — | 1.15 | 4.09 | — | — | — |
| Interest Coverage | 1.08 | 1.08 | -0.65 | 8.19 | 6.10 | 8.21 | 0.10 | 2.14 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.09 | 0.09 | 0.13 | 0.18 | 0.14 | 0.07 | 0.05 | 1.67 |
| Quick Ratio | 0.09 | 0.09 | 0.13 | 0.18 | 0.14 | 0.07 | 0.05 | 1.67 |
| Cash Ratio | 0.05 | 0.05 | 0.07 | 0.10 | 0.09 | 0.06 | 0.03 | 0.07 |
| Asset Turnover | — | 0.25 | 0.20 | 0.38 | 0.38 | 0.35 | 0.30 | 0.27 |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.5% | — | — | — | — | — | — | — |
| Payout Ratio | 31.6% | 31.6% | — | — | 42.7% | 10.0% | 582.8% | 54.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 11.1% | — | 53.0% | 33.3% | 36.5% | — | — |
| FCF Yield | — | — | — | 202.8% | 79.2% | — | — | — |
| Buyback Yield | 0.3% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.7% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $62M | $61M | $61M | $61M | $60M | $60M | $60M |
Warehouse financing liquidity dependency
According to recent market data, GHLD trades at a forward P/E of 10.23, which appears to discount the volatility of its mortgage origination business while potentially failing to fully account for the structural risks inherent in its high-touch, retail-focused distribution model compared to digital-first industry peers.
The current P/S ratio of 0.37 suggests that investors are pricing the company as a value-oriented financial services firm rather than a growth-oriented fintech entity. This valuation implies a cautious outlook on the sustainability of purchase-money volume, warranting further investigation into whether the current multiple adequately compensates for the cyclicality of the housing market.
As reported in financial statements, Guild's net margin has fluctuated wildly, ranging from a negative 121.7% in 2023Q4 to a positive 24.0% in 2024Q4, primarily driven by non-cash fair value adjustments on mortgage servicing rights that complicate the assessment of the firm's true underlying earning power.
The 10.14% operating margin appears sensitive to personnel-related costs, which represent the firm's largest variable expense. Investors should monitor whether the company can maintain these margins during periods of lower origination volume, as the high-touch retail model may lack the scalability required to offset revenue contractions effectively.
Based on reported figures, GHLD's ROIC has remained largely suppressed, oscillating between negative 2.8% and positive 2.3% over the last ten quarters, which suggests that the company struggles to generate consistent returns on invested capital amidst the inherent volatility of the US mortgage origination and servicing environment.
The low ROIC trend indicates that the firm's capital allocation, including recent branch acquisitions, has yet to yield a durable compounding effect on shareholder value. This performance warrants further investigation into whether the current branch-heavy strategy can achieve the necessary scale to improve capital efficiency relative to industry benchmarks.
According to quarterly balance sheets, GHLD's debt-to-equity ratio has climbed to 2.69 as of 2025Q3, signaling an increasing reliance on external financing to support mortgage origination activities, which may heighten the firm's vulnerability to interest rate volatility and potential liquidity constraints in the secondary mortgage market.
The interest coverage ratio of 1.57 suggests that debt service is becoming less comfortable, particularly given the cyclical nature of the company's cash flows. Investors should monitor the firm's ability to manage these obligations, as the reliance on warehouse facilities may mask the true extent of financial leverage.
The current ratio of 0.08, as reported in recent filings, is frequently misapplied by analysts who fail to recognize that mortgage lenders operate with unique balance sheet structures where short-term liabilities are inherently tied to loan funding obligations rather than traditional operational working capital requirements.
Using standard liquidity metrics to assess GHLD obscures the firm's actual ability to meet short-term obligations, as these ratios do not account for the rapid turnover of mortgage assets. A more appropriate analysis would focus on warehouse line utilization and the availability of committed credit facilities rather than traditional current or quick ratios.
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Quick answers to the most common questions about buying GHLD stock.
Guild Holdings Company's current P/E ratio is 12.8x. The historical average is 4.2x. This places it at the 100th percentile of its historical range.
Guild Holdings Company's current EV/EBITDA is 21.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
Guild Holdings Company's return on equity (ROE) is 8.0%. The historical average is 19.9%.
Based on historical data, Guild Holdings Company is trading at a P/E of 12.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Guild Holdings Company's current dividend yield is 2.47% with a payout ratio of 31.6%.
Guild Holdings Company has 90.6% gross margin and 10.1% operating margin. Operating margin between 10-20% is typical for established companies.
Guild Holdings Company's Debt/EBITDA ratio is 19.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.