Latest Ratios: P/E Ratio 5.6x · EV/EBITDA 1.9x · ROE 9.1%. (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 | $237M | $250M | $222M | $229M | $171M | $145M | $120M | $177M | $114M | $85M | $73M |
| Enterprise Value | $352M | $364M | $412M | $429M | $368M | $314M | $322M | $390M | $304M | $400M | $368M |
| P/E Ratio → | 5.58 | 5.78 | 6.18 | 4.16 | 3.90 | 2.67 | — | 121.17 | — | 353.00 | 3.11 |
| P/S Ratio | 0.67 | 0.71 | 0.76 | 0.90 | 0.86 | 0.81 | 0.79 | 1.25 | 1.02 | 4.37 | 0.70 |
| P/B Ratio | 0.47 | 0.49 | 0.50 | 0.56 | 0.46 | 0.41 | 0.39 | 0.53 | 0.39 | 0.30 | 0.26 |
| P/FCF | 1.88 | 1.98 | 1.92 | 2.01 | 1.57 | 1.84 | 1.52 | 2.73 | 1.71 | 6.37 | 1.19 |
| P/OCF | 1.88 | 1.98 | 1.92 | 2.01 | 1.57 | 1.84 | 1.52 | 2.73 | 1.71 | 6.37 | 1.19 |
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 | — | 1.03 | 1.41 | 1.69 | 1.85 | 1.75 | 2.13 | 2.76 | 2.74 | 20.59 | 3.51 |
| EV / EBITDA | 1.88 | 1.95 | 5.96 | 4.70 | 5.03 | 3.56 | — | 39.64 | — | — | 5.27 |
| EV / EBIT | 1.97 | 2.04 | 6.55 | 4.99 | 5.42 | 3.84 | — | 166.84 | — | — | 5.30 |
| EV / FCF | — | 2.88 | 3.57 | 3.78 | 3.38 | 3.99 | 4.09 | 6.00 | 4.56 | 30.01 | 5.98 |
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 | 96.7% | 96.7% | 43.6% | 60.4% | 66.6% | 80.0% | 31.3% | 41.7% | 21.3% | 29.1% | 87.9% |
| Operating Margin | 50.5% | 50.5% | 21.6% | 33.8% | 34.2% | 45.7% | -24.4% | 1.7% | -9.7% | -40.4% | 66.2% |
| Net Profit Margin | 12.2% | 12.2% | 12.3% | 21.6% | 22.1% | 30.2% | -23.0% | -1.2% | -22.6% | 1.4% | 22.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.1% | 9.1% | 8.4% | 14.1% | 12.1% | 16.4% | -10.9% | -0.6% | -8.7% | 0.1% | 8.3% |
| ROA | 1.5% | 1.5% | 1.3% | 2.3% | 2.1% | 3.1% | -2.2% | -0.1% | -2.5% | 0.0% | 3.4% |
| ROIC | 17.2% | 17.2% | 6.8% | 10.2% | 8.6% | 10.7% | -4.9% | 0.3% | -1.4% | -1.0% | 8.3% |
| ROCE | 10.0% | 10.0% | 9.2% | 13.3% | 11.1% | 15.3% | -7.4% | 0.5% | -2.0% | -1.2% | 10.2% |
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 | 0.62 | 0.62 | 0.66 | 0.61 | 0.62 | 0.65 | 0.83 | 0.68 | 0.74 | 1.14 | 1.10 |
| Debt / EBITDA | 1.69 | 1.69 | 4.17 | 2.77 | 3.15 | 2.62 | — | 23.15 | — | — | 4.52 |
| Net Debt / Equity | — | 0.23 | 0.43 | 0.49 | 0.53 | 0.48 | 0.66 | 0.64 | 0.66 | 1.10 | 1.03 |
| Net Debt / EBITDA | 0.61 | 0.61 | 2.75 | 2.20 | 2.69 | 1.92 | — | 21.65 | — | — | 4.22 |
| Debt / FCF | — | 0.91 | 1.65 | 1.76 | 1.81 | 2.16 | 2.57 | 3.28 | 2.86 | 23.64 | 4.79 |
| Interest Coverage | 1.81 | 1.81 | 0.71 | 1.37 | 1.88 | 2.63 | -1.08 | 0.07 | -0.38 | -0.57 | 5.49 |
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 | 27.10 | 27.10 | 0.05 | 0.06 | 0.06 | 0.09 | 0.09 | 0.07 | 0.08 | 1.61 | 2.62 |
| Quick Ratio | 27.10 | 27.10 | 0.05 | 0.06 | 0.06 | 0.09 | 0.09 | 0.07 | 0.08 | 1.61 | 2.62 |
| Cash Ratio | 2.01 | 2.01 | 0.05 | 0.03 | 0.02 | 0.05 | 0.04 | 0.01 | 0.03 | 1.55 | 2.52 |
| Asset Turnover | — | 0.12 | 0.10 | 0.10 | 0.09 | 0.10 | 0.09 | 0.09 | 0.08 | 0.03 | 0.15 |
| 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 | 4.6% | 4.4% | 4.2% | 3.4% | 4.4% | — | — | — | 0.1% | 0.2% | 20.0% |
| Payout Ratio | 25.5% | 25.5% | 26.2% | — | 17.2% | — | — | — | — | 52.2% | 62.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 17.9% | 17.3% | 16.2% | 24.1% | 25.6% | 37.4% | — | 0.8% | — | 0.3% | 32.1% |
| FCF Yield | 53.3% | 50.6% | 52.1% | 49.7% | 63.7% | 54.4% | 65.7% | 36.7% | 58.6% | 15.7% | 84.4% |
| Buyback Yield | 0.4% | 0.4% | 2.1% | 0.0% | 12.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.1% |
| Total Shareholder Yield | 5.0% | 4.8% | 6.3% | 3.4% | 16.5% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 22.0% |
| Shares Outstanding | — | $24M | $24M | $23M | $24M | $25M | $24M | $24M | $24M | $24M | $24M |
Credit provision volatility
According to current market data, MFIN trades at a P/B ratio of 0.49, which suggests that investors are applying a significant complexity discount compared to peers, likely reflecting lingering concerns over legacy medallion assets rather than the underlying profitability of the current consumer-focused banking operations.
The forward P/E of 9.14 indicates that the market remains skeptical of the company's ability to sustain earnings growth in its recreation and home improvement segments. This valuation level appears to price in a high degree of risk regarding future credit losses, potentially ignoring the structural funding advantage provided by the industrial bank charter.
As reported in financial statements, MFIN's ROIC has struggled to maintain momentum, fluctuating between 1.3% and 3.4% over the last ten quarters, which indicates that the company is currently failing to compound capital effectively relative to its cost of funds and regulatory capital requirements.
The low ROIC trend suggests that the transition toward consumer lending has not yet achieved the scale necessary to generate superior returns on invested capital. Investors should monitor whether management can improve asset turnover, which has remained stagnant at 0.03, to drive better returns on the existing capital base.
Based on historical data, the company's DSO has shown extreme variability, spiking to 1367 days in 2026Q1, which suggests that the collection cycle for its specialized loan portfolio is highly episodic and potentially vulnerable to shifts in borrower repayment behavior or collateral liquidation timelines.
The lack of consistent working capital efficiency highlights the operational challenges inherent in managing a niche, non-prime loan book. This erratic turnover pattern warrants further investigation into whether the company's internal underwriting and collection processes are sufficiently robust to handle potential macroeconomic headwinds.
As evidenced by quarterly filings, MFIN has maintained a debt-to-equity ratio between 0.52 and 0.71, a range that appears manageable but leaves the company exposed to interest coverage risks, as the interest coverage ratio dropped to 1.46 in 2026Q1 from higher levels in previous periods.
The tightening interest coverage ratio suggests that the company's ability to service its debt is becoming more sensitive to fluctuations in interest expense. Given the reliance on deposit funding, any further increase in deposit betas could place additional pressure on the company's ability to maintain its current leverage profile.
The most commonly misapplied metric for MFIN is the traditional gross margin, which, at 96.75%, fails to account for the interest expense paid to depositors, thereby creating a misleading impression of the company's true profitability and spread-based earning power in a high-rate environment.
Analysts should instead focus on the Net Interest Margin (NIM) to accurately assess the profitability of the bank's core lending activities. Relying on gross margin obscures the impact of rising funding costs, which is the most critical variable for a financial institution operating with an industrial bank charter.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MFIN stock.
Medallion Financial Corp.'s current P/E ratio is 5.6x. The historical average is 23.8x. This places it at the 16th percentile of its historical range.
Medallion Financial Corp.'s current EV/EBITDA is 1.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 26.8x.
Medallion Financial Corp.'s return on equity (ROE) is 9.1%. The historical average is 6.4%.
Based on historical data, Medallion Financial Corp. is trading at a P/E of 5.6x. This is at the 16th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Medallion Financial Corp.'s current dividend yield is 4.55% with a payout ratio of 25.5%.
Medallion Financial Corp. has 96.7% gross margin and 50.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Medallion Financial Corp.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.