Latest Ratios: P/E Ratio -3.9x · EV/EBITDA 22.2x · ROE -14.0%. (2013–2025 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 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $389M | $437M | $379M | $616M | $257M | $659M | — | — | — | — | — |
| Enterprise Value | $5.1B | $5.1B | $5.4B | $4.9B | $4.5B | $9.8B | — | — | — | — | — |
| P/E Ratio → | -3.87 | — | — | — | — | 5.78 | — | — | — | — | — |
| P/S Ratio | 0.25 | 0.28 | 0.34 | 0.59 | 0.18 | 0.18 | — | — | — | — | — |
| P/B Ratio | 0.63 | 1.13 | 0.75 | 0.87 | 0.28 | 0.40 | — | — | — | — | — |
| P/FCF | — | — | — | — | 0.06 | — | — | — | — | — | — |
| P/OCF | — | — | — | — | 0.06 | — | — | — | — | — | — |
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 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.34 | 4.83 | 4.73 | 3.20 | 2.60 | — | — | — | — | — |
| EV / EBITDA | 22.18 | 22.39 | — | — | — | 13.47 | — | — | — | — | — |
| EV / EBIT | 25.04 | 25.28 | — | — | — | 14.64 | — | — | — | — | — |
| EV / FCF | — | — | — | — | 1.02 | — | — | — | — | — | — |
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 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.3% | 88.3% | 70.5% | 70.1% | 70.8% | 91.9% | 95.3% | 87.0% | 87.4% | 94.4% | 95.5% |
| Operating Margin | 13.2% | 13.2% | -21.7% | -26.7% | -48.9% | 17.7% | 46.4% | 2.4% | -9.1% | 4.3% | 22.2% |
| Net Profit Margin | -4.1% | -4.1% | -8.8% | -10.6% | -19.3% | 3.0% | — | — | — | 4.2% | 22.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -14.0% | -14.0% | -16.2% | -13.5% | -21.4% | 6.9% | — | — | — | 19.8% | 72.8% |
| ROA | -0.9% | -0.9% | -1.6% | -1.7% | -3.0% | 1.0% | — | — | — | 1.8% | 7.1% |
| ROIC | 2.7% | 2.7% | -3.1% | -3.6% | -6.0% | 4.7% | 20.1% | 0.4% | -1.6% | 1.6% | 6.2% |
| ROCE | 6.2% | 6.2% | -8.3% | -9.6% | -23.1% | 22.2% | 108.7% | 2.1% | -8.5% | 7.2% | 27.9% |
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 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 13.05 | 13.05 | 10.72 | 7.07 | 5.57 | 5.84 | 5.21 | 11.63 | 0.42 | 8.78 | 7.90 |
| Debt / EBITDA | 21.96 | 21.96 | — | — | — | 13.14 | 4.15 | 46.49 | — | 31.07 | 9.95 |
| Net Debt / Equity | — | 12.18 | 9.89 | 6.13 | 4.63 | 5.59 | 5.04 | 11.43 | 0.40 | 8.54 | 7.48 |
| Net Debt / EBITDA | 20.49 | 20.49 | — | — | — | 12.56 | 4.02 | 45.71 | — | 30.22 | 9.43 |
| Debt / FCF | — | — | — | — | 0.97 | — | — | — | — | — | — |
| Interest Coverage | 0.63 | 0.63 | -0.72 | -0.91 | -2.51 | 2.24 | 11.23 | 0.19 | -0.71 | 0.77 | 4.98 |
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 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.12 | 0.12 | 0.18 | 0.31 | 0.29 | 0.07 | 0.06 | 0.06 | 2.10 | 0.06 | 0.08 |
| Quick Ratio | 0.12 | 0.12 | 0.18 | 0.31 | 0.29 | 0.07 | 0.06 | 0.06 | 2.10 | 0.06 | 0.08 |
| Cash Ratio | 0.12 | 0.12 | 0.11 | 0.22 | 0.21 | 0.05 | 0.03 | 0.02 | 2.27 | 0.03 | 0.05 |
| Asset Turnover | — | 0.22 | 0.18 | 0.17 | 0.21 | 0.32 | 0.40 | 0.28 | 0.53 | 0.38 | 0.32 |
| 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 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 408.1% | — | — | — | 37.8% | 44.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 17.3% | — | — | — | — | — |
| FCF Yield | — | — | — | — | 1715.9% | — | — | — | — | — | — |
| Buyback Yield | 2.4% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 3.4% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $211M | $186M | $175M | $156M | $137M | $126M | $126M | $147M | $147M | $147M |
High cyclical leverage sensitivity
According to recent market data, loanDepot trades at a P/S ratio of 0.26, which appears to reflect deep investor skepticism regarding the firm's ability to return to profitability, especially when compared to the more stable valuation multiples observed among diversified mortgage servicing and origination peers.
The negative TTM P/E ratio underscores the company's inability to generate consistent bottom-line earnings, rendering traditional earnings-based valuation metrics largely irrelevant. Investors should monitor whether the current P/B of 0.66 represents a genuine value opportunity or a reflection of the structural risk inherent in the company's high-leverage, low-margin business model.
Based on reported figures, loanDepot's ROIC has struggled to maintain positive territory, oscillating between -1.1% and 3.2% over the last ten quarters, which suggests that the company is currently failing to generate returns that exceed its cost of capital in the prevailing interest rate environment.
The erratic nature of these returns is heavily influenced by non-cash MSR fair value adjustments, which mask the underlying operational inefficiency. The inability to sustain positive ROIC indicates that the firm's capital allocation strategy, particularly regarding its proprietary technology investments, has yet to yield the expected competitive advantage.
As reported in financial statements, loanDepot's asset turnover ratio has remained stagnant at approximately 0.04 to 0.06, indicating that the company's massive asset base is not being utilized effectively to drive revenue growth in the current, highly competitive mortgage origination landscape.
This low turnover is characteristic of a business model that carries significant assets on the balance sheet, such as loans held for sale and MSRs, which do not generate rapid revenue cycles. The lack of improvement in this metric suggests that the 'mello' platform has not yet achieved the velocity required to offset the high fixed costs of the business.
According to recent SEC filings, loanDepot's debt-to-equity ratio has climbed to 15.34x, a figure that warrants careful interpretation as it is primarily driven by self-liquidating warehouse credit lines rather than long-term corporate debt, yet it still highlights the company's extreme sensitivity to liquidity market conditions.
While this leverage is standard for the mortgage industry, the low interest coverage ratio of 0.31 in 2026Q1 suggests that the company is increasingly vulnerable to interest rate volatility. Investors should monitor the firm's ability to maintain access to these credit facilities, as any tightening in the secondary market could rapidly impair the company's operational viability.
Based on industry analysis, the P/E ratio is frequently misapplied to loanDepot, as it fails to account for the massive non-cash volatility introduced by Mortgage Servicing Rights accounting, which can artificially inflate or deflate earnings in any given quarter regardless of the company's actual cash-generating performance.
Analysts should instead focus on 'Adjusted Net Income' or 'Core Earnings' that strip out these fair value marks to better understand the underlying profitability of the origination business. Relying on headline P/E ratios obscures the true economic reality of the firm's cyclical and highly volatile mortgage banking operations.
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying LDI stock.
loanDepot, Inc.'s current P/E ratio is -3.9x. The historical average is 5.8x.
loanDepot, Inc.'s current EV/EBITDA is 22.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.9x.
loanDepot, Inc.'s return on equity (ROE) is -14.0%. The historical average is 4.9%.
Based on historical data, loanDepot, Inc. is trading at a P/E of -3.9x. Compare with industry peers and growth rates for a complete picture.
loanDepot, Inc.'s current dividend yield is 1.01%.
loanDepot, Inc. has 88.3% gross margin and 13.2% operating margin. Operating margin between 10-20% is typical for established companies.
loanDepot, Inc.'s Debt/EBITDA ratio is 22.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.