Latest Ratios: P/E Ratio 11.1x · EV/EBITDA 5.8x · ROE 15.5%. (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 | $2.1B | $1.9B | $2.0B | $1.8B | $1.3B | $1.4B | $956M | $1.2B | $845M | $480M | $669M |
| Enterprise Value | $1.6B | $1.5B | $1.8B | $1.3B | $839M | $-564018800 | $-1063455300 | $715M | $969M | $324M | $954M |
| P/E Ratio → | 11.07 | 9.13 | 10.00 | 9.81 | 8.01 | 9.45 | 14.05 | 25.66 | 10.83 | 10.93 | 12.72 |
| P/S Ratio | 2.43 | 2.25 | 2.41 | 2.45 | 2.23 | 2.53 | 1.77 | 2.84 | 2.11 | 1.24 | 1.73 |
| P/B Ratio | 1.69 | 1.40 | 1.58 | 1.49 | 1.28 | 1.28 | 0.88 | 1.17 | 0.85 | 0.51 | 0.73 |
| P/FCF | 10.53 | 9.74 | 9.42 | 6.42 | 10.00 | 17.72 | 48.53 | 12.63 | 6.94 | 3.31 | 9.14 |
| P/OCF | 9.64 | 8.92 | 7.86 | 6.03 | 8.12 | 13.64 | 27.34 | 11.14 | 6.34 | 3.17 | 8.52 |
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 | — | 1.72 | 2.21 | 1.73 | 1.40 | -1.05 | -1.96 | 1.66 | 2.42 | 0.84 | 2.47 |
| EV / EBITDA | 5.75 | 5.19 | 6.47 | 4.30 | 3.13 | -2.36 | -8.97 | 8.42 | 6.77 | 4.12 | 9.91 |
| EV / EBIT | 6.17 | 5.57 | 7.14 | 4.76 | 3.44 | -2.63 | -11.21 | 9.50 | 7.29 | 4.76 | 11.20 |
| EV / FCF | — | 7.43 | 8.62 | 4.53 | 6.29 | -7.33 | -53.99 | 7.40 | 7.95 | 2.23 | 13.03 |
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 | 71.2% | 71.2% | 70.3% | 79.6% | 90.4% | 92.2% | 70.9% | 65.6% | 74.9% | 60.1% | 68.3% |
| Operating Margin | 30.8% | 30.8% | 30.8% | 36.4% | 40.8% | 39.8% | 17.5% | 17.5% | 33.1% | 17.6% | 22.1% |
| Net Profit Margin | 23.8% | 23.8% | 24.1% | 25.0% | 27.8% | 27.1% | 13.7% | 12.5% | 21.1% | 13.6% | 15.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.5% | 15.5% | 16.2% | 16.3% | 15.7% | 13.6% | 7.0% | 5.3% | 8.7% | 5.6% | 6.5% |
| ROA | 1.7% | 1.7% | 1.7% | 1.7% | 1.7% | 1.5% | 0.8% | 0.7% | 1.3% | 0.8% | 0.9% |
| ROIC | 10.9% | 10.9% | 12.3% | 15.8% | 16.2% | 13.5% | 5.4% | 3.8% | 7.0% | 3.4% | 3.2% |
| ROCE | 14.4% | 14.4% | 14.9% | 19.6% | 21.0% | 17.5% | 7.7% | 6.4% | 11.8% | 6.2% | 7.0% |
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 | 0.42 | 0.42 | 0.34 | 0.19 | 0.05 | 0.09 | 0.12 | 0.33 | 0.57 | 0.35 | 0.86 |
| Debt / EBITDA | 2.04 | 2.04 | 1.51 | 0.77 | 0.20 | 0.40 | 1.14 | 4.07 | 3.99 | 4.19 | 8.26 |
| Net Debt / Equity | — | -0.33 | -0.13 | -0.44 | -0.48 | -1.80 | -1.86 | -0.48 | 0.12 | -0.17 | 0.31 |
| Net Debt / EBITDA | -1.61 | -1.61 | -0.60 | -1.79 | -1.85 | -8.08 | -17.03 | -5.96 | 0.86 | -1.99 | 2.96 |
| Debt / FCF | — | -2.31 | -0.80 | -1.88 | -3.72 | -25.05 | -102.52 | -5.23 | 1.01 | -1.08 | 3.89 |
| Interest Coverage | 1.54 | 1.54 | 1.57 | 3.01 | 7.29 | 5.13 | 1.46 | 1.48 | 2.98 | 1.64 | 1.49 |
Net cash position: cash ($1.0B) exceeds total debt ($580M)
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 | 0.12 | 0.12 | 0.32 | 0.31 | 0.24 | 0.30 | 0.32 | 0.25 | 0.24 | 0.24 | 0.24 |
| Quick Ratio | 0.12 | 0.12 | 0.32 | 0.31 | 0.24 | 0.30 | 0.32 | 0.25 | 0.24 | 0.24 | 0.24 |
| Cash Ratio | 0.10 | 0.10 | 0.06 | 0.08 | 0.06 | 0.23 | 0.25 | 0.11 | 0.08 | 0.10 | 0.09 |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.06 |
| 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 | 2.2% | 2.7% | 2.3% | 2.3% | 2.3% | 1.4% | 1.5% | 1.2% | 1.5% | 2.2% | 1.5% |
| Payout Ratio | 25.3% | 25.3% | 23.0% | 22.5% | 18.1% | 13.5% | 19.3% | 26.7% | 15.2% | 20.0% | 17.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.0% | 11.0% | 10.0% | 10.2% | 12.5% | 10.6% | 7.1% | 3.9% | 9.2% | 9.1% | 7.9% |
| FCF Yield | 9.5% | 10.3% | 10.6% | 15.6% | 10.0% | 5.6% | 2.1% | 7.9% | 14.4% | 30.2% | 10.9% |
| Buyback Yield | 4.4% | 4.7% | 3.5% | 1.0% | 4.9% | 10.4% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.6% | 7.4% | 5.8% | 3.3% | 7.1% | 11.8% | 1.7% | 1.2% | 1.5% | 2.2% | 1.5% |
| Shares Outstanding | — | $47M | $47M | $48M | $48M | $51M | $52M | $52M | $51M | $51M | $51M |
Regional Macroeconomic Concentration
According to recent market data, OFG trades at a P/B multiple of 1.67, which appears to reflect a persistent discount relative to mainland regional peers, likely driven by investor perceptions of sovereign risk and the specific economic volatility inherent to the Puerto Rican banking sector.
The current P/B valuation suggests that the market is pricing in a higher risk premium for OFG compared to its mainland counterparts, despite the bank's stable capital position. Investors should monitor whether this discount narrows as the bank continues to demonstrate consistent earnings power and disciplined capital allocation.
Based on reported financial statements, OFG has maintained a consistent ROE hovering near 4% over the last ten quarters, a performance that suggests a stable, albeit modest, profitability profile constrained by the unique macroeconomic environment of its primary operating territory in Puerto Rico.
The DuPont decomposition indicates that profitability is heavily reliant on the bank's ability to manage its net interest margin within a consolidated market. While the ROE appears stable, the lack of significant expansion in this metric suggests that future profitability growth may be limited by the ceiling of the local economy's credit demand.
As reported in quarterly filings, OFG has maintained a remarkably steady NIM of 1.3% alongside an efficiency ratio that improved to 41.9% in 2026Q1, indicating that management is successfully leveraging digital transformation to offset the inherent cost pressures of maintaining a physical branch network.
The bank's ability to keep its efficiency ratio within a tight range suggests strong operational control, which is critical for maintaining margins in a high-cost environment like Puerto Rico. Investors should monitor whether further digital adoption can drive the efficiency ratio lower, thereby providing a buffer against potential interest rate volatility.
Based on the provided quarterly data, OFG has maintained a consistent equity-to-assets ratio of 0.11, which suggests a healthy capital buffer that supports both the bank's ongoing lending activities and its disciplined strategy of returning capital to shareholders through dividends and buybacks.
The stability of the equity-to-assets ratio indicates that management is effectively balancing asset growth with capital retention. This conservative capital management appears to be a key pillar of the bank's strategy to navigate the cyclical risks associated with the Puerto Rican economy.
Investors frequently misapply the P/E ratio to OFG, as this metric is often distorted by the volatility of provision for credit losses under the CECL model, which can create artificial fluctuations in quarterly earnings that do not reflect the bank's underlying structural profitability.
Using P/E as a primary valuation tool for OFG obscures the bank's true earnings power by focusing on accounting-driven provision swings rather than core operational performance. Analysts should instead prioritize P/TBV and ROE, which provide a more accurate assessment of the bank's franchise value and capital efficiency.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying OFG stock.
OFG Bancorp's current P/E ratio is 11.1x. The historical average is 13.3x. This places it at the 52th percentile of its historical range.
OFG Bancorp's current EV/EBITDA is 5.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.7x.
OFG Bancorp's return on equity (ROE) is 15.5%. The historical average is 12.5%.
Based on historical data, OFG Bancorp is trading at a P/E of 11.1x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
OFG Bancorp's current dividend yield is 2.20% with a payout ratio of 25.3%.
OFG Bancorp has 71.2% gross margin and 30.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
OFG Bancorp's Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.