Latest Ratios: P/E Ratio 16.7x · EV/EBITDA 3.3x · ROE 9.5%. (2011–2025 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 | $2.2B | $2.3B | $1.8B | $948M | $915M | $2.5B | $955M | $1.1B | $1.1B | $1.7B | $2.0B |
| Enterprise Value | $1.3B | $1.3B | $906M | $-247263190 | $68M | $2.2B | $1.4B | $3.3B | $3.8B | $4.6B | $5.8B |
| P/E Ratio → | 16.70 | 16.47 | 35.98 | 24.28 | 3.15 | 134.33 | — | — | — | — | — |
| P/S Ratio | 1.66 | 1.69 | 1.58 | 0.83 | 0.72 | 2.75 | 2.10 | 1.12 | 1.13 | 1.59 | 1.83 |
| P/B Ratio | 1.52 | 1.50 | 1.36 | 0.76 | 0.79 | 2.90 | 1.32 | 1.22 | 1.28 | 1.82 | 2.09 |
| P/FCF | — | — | — | — | 2.99 | 12.02 | 2.47 | — | — | — | — |
| P/OCF | — | — | — | — | 2.44 | 10.30 | 2.28 | — | — | — | 3735.32 |
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 | — | 1.01 | 0.78 | -0.22 | 0.05 | 2.46 | 3.12 | 3.34 | 3.89 | 4.36 | 5.24 |
| EV / EBITDA | 3.30 | 3.40 | 7.65 | -2.43 | 0.35 | 35.28 | — | 104.51 | — | — | — |
| EV / EBIT | 3.93 | 4.41 | 13.92 | -4.53 | 0.45 | 119.97 | — | — | — | — | — |
| EV / FCF | — | — | — | — | 0.22 | 10.77 | 3.67 | — | — | — | — |
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 | 64.7% | 64.7% | 52.4% | 54.7% | 72.4% | 75.7% | 66.2% | 74.7% | 60.7% | 46.0% | 38.2% |
| Operating Margin | 25.0% | 25.0% | 5.6% | 4.8% | 12.1% | 2.1% | -41.2% | -3.2% | -13.1% | -14.5% | -13.5% |
| Net Profit Margin | 10.2% | 10.2% | 4.4% | 3.4% | 22.8% | 2.1% | -41.2% | -3.1% | -13.1% | -14.5% | -13.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 9.5% | 4.0% | 3.2% | 28.8% | 2.4% | -23.1% | -3.5% | -14.3% | -16.2% | -14.5% |
| ROA | 1.2% | 1.2% | 0.5% | 0.5% | 4.5% | 0.5% | -7.7% | -0.9% | -3.0% | -3.0% | -2.6% |
| ROIC | 17.3% | 17.3% | 3.6% | 3.1% | 8.6% | 0.9% | -5.6% | -0.6% | -2.3% | -2.4% | -2.1% |
| ROCE | 3.3% | 3.3% | 1.3% | 3.7% | 9.8% | 1.1% | -10.9% | -1.3% | -3.5% | -3.1% | -2.7% |
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 | 0.01 | 0.01 | 0.02 | 0.05 | 0.18 | 0.51 | 1.37 | 2.68 | 3.54 | 3.59 | 4.43 |
| Debt / EBITDA | 0.04 | 0.04 | 0.24 | 0.56 | 1.07 | 6.85 | — | 77.07 | — | — | — |
| Net Debt / Equity | — | -0.60 | -0.69 | -0.95 | -0.73 | -0.30 | 0.64 | 2.41 | 3.11 | 3.16 | 3.90 |
| Net Debt / EBITDA | -2.27 | -2.27 | -7.82 | -11.74 | -4.30 | -4.10 | — | 69.28 | — | — | — |
| Debt / FCF | — | — | — | — | -2.77 | -1.25 | 1.20 | — | — | — | — |
| Interest Coverage | 0.91 | 0.91 | 0.17 | 0.20 | 1.85 | 0.23 | -1.25 | -0.12 | -0.33 | -0.27 | -0.22 |
Net cash position: cash ($918M) exceeds total debt ($16M)
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 | 466.38 | 466.38 | 1.83 | 0.41 | 0.25 | 0.34 | 4.20 | 0.46 | 0.62 | 5.12 | 11.82 |
| Quick Ratio | 466.38 | 466.38 | 1.83 | 0.41 | 0.25 | 0.34 | 4.20 | 0.46 | 0.62 | 5.12 | 11.82 |
| Cash Ratio | 115.10 | 115.10 | 0.50 | 0.17 | 0.16 | 0.21 | 3.16 | 0.20 | 0.38 | 3.14 | 6.95 |
| Asset Turnover | — | 0.12 | 0.11 | 0.13 | 0.16 | 0.18 | 0.24 | 0.33 | 0.26 | 0.23 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 6.0% | 6.1% | 2.8% | 4.1% | 31.7% | 0.7% | — | — | — | — | — |
| FCF Yield | — | — | — | — | 33.4% | 8.3% | 40.5% | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $119M | $113M | $108M | $104M | $102M | $90M | $87M | $85M | $82M | $78M |
Credit loss provisioning volatility
According to recent market data, LendingClub trades at a forward P/E of 10.98, which appears to reflect a significant discount compared to pure-play fintech peers like SoFi, suggesting investors remain skeptical of the durability of marketplace fee income in a high-interest-rate environment.
The current valuation multiple suggests the market is pricing the company more like a traditional, cyclical bank than a high-growth technology platform. This valuation gap warrants further investigation into whether the market is underestimating the stability provided by the company's bank charter and its proprietary data-driven underwriting edge.
Based on reported financial figures, LendingClub's ROIC has shown volatility, reaching 4.8% in 2025Q4, a trend that appears heavily influenced by the upfront CECL accounting requirements that suppress returns during periods of rapid loan portfolio expansion and increased credit loss provisioning.
The company's ability to compound returns on invested capital is currently hampered by the regulatory necessity to recognize lifetime credit losses immediately upon loan origination. Investors should monitor whether the company can improve its ROIC as the loan book matures and the impact of initial provisioning stabilizes over time.
As reported in recent financial statements, LendingClub's asset turnover remains low at 0.03, reflecting the capital-intensive nature of holding loans on the balance sheet, which contrasts with the high-velocity, fee-based marketplace model that historically drove the company's operational efficiency metrics.
The low asset turnover ratio is a structural byproduct of the company's hybrid model, which balances fee-generating marketplace activity with interest-earning loan retention. This suggests that traditional efficiency ratios may not fully capture the operational leverage inherent in the company's digital-first, low-overhead banking infrastructure.
Based on an analysis of the business model, the P/B ratio is frequently misapplied to LendingClub, as it fails to account for the significant off-balance-sheet marketplace activity that generates substantial fee income without requiring the same level of regulatory capital as a traditional bank.
Using a standard P/B ratio obscures the value of the company's technology platform and its ability to recycle capital through structured certificates. Analysts should instead focus on Pre-Provision Net Revenue (PPNR) to better understand the underlying earnings power of the platform before the distortive effects of credit loss accounting.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying LC stock.
LendingClub Corporation's current P/E ratio is 16.7x. The historical average is 42.8x. This places it at the 40th percentile of its historical range.
LendingClub Corporation's current EV/EBITDA is 3.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
LendingClub Corporation's return on equity (ROE) is 9.5%. The historical average is 3.4%.
Based on historical data, LendingClub Corporation is trading at a P/E of 16.7x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
LendingClub Corporation has 64.7% gross margin and 25.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
LendingClub Corporation's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.