Latest Ratios: P/E Ratio 9.1x · EV/EBITDA 22.3x · ROE 23.8%. (2009–2025 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 | $7.0B | $8.1B | $6.3B | $5.9B | $4.1B | $6.7B | $6.5B | $5.7B | $3.3B | $3.5B | $3.0B |
| Enterprise Value | $28.8B | $29.8B | $27.2B | $24.7B | $21.9B | $23.9B | $22.0B | $21.7B | $17.8B | $17.6B | $16.4B |
| P/E Ratio → | 9.07 | 10.30 | 12.29 | 9.27 | 4.75 | 5.06 | 8.90 | 6.72 | 7.38 | 19.25 | 13.92 |
| P/S Ratio | 1.12 | 1.29 | 1.09 | 1.12 | 0.81 | 1.34 | 1.32 | 1.23 | 0.78 | 0.93 | 0.80 |
| P/B Ratio | 2.09 | 2.37 | 1.96 | 1.86 | 1.37 | 2.15 | 1.89 | 1.33 | 0.87 | 1.08 | 0.98 |
| P/FCF | 2.23 | 2.57 | 2.32 | 2.36 | 1.74 | 2.96 | 2.94 | 2.43 | 1.61 | 2.26 | 2.24 |
| P/OCF | 2.23 | 2.57 | 2.32 | 2.36 | 1.74 | 2.96 | 2.94 | 2.43 | 1.61 | 2.27 | 2.26 |
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 | — | 4.78 | 4.76 | 4.67 | 4.31 | 4.80 | 4.46 | 4.64 | 4.20 | 4.65 | 4.39 |
| EV / EBITDA | 22.32 | 23.17 | 28.86 | 22.55 | 15.47 | 11.90 | 17.75 | 15.87 | 19.50 | 23.17 | 18.67 |
| EV / EBIT | 28.72 | 29.81 | 40.84 | 29.45 | 18.98 | 13.71 | 22.54 | 19.79 | 28.53 | 40.81 | 45.99 |
| EV / FCF | — | 9.53 | 10.09 | 9.82 | 9.19 | 10.62 | 9.96 | 9.20 | 8.70 | 11.28 | 12.27 |
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 | 47.6% | 47.6% | 43.6% | 48.3% | 54.9% | 69.2% | 52.4% | 55.2% | 54.7% | 53.2% | 52.1% |
| Operating Margin | 16.0% | 16.0% | 11.7% | 15.9% | 22.7% | 35.0% | 19.8% | 23.5% | 14.7% | 11.4% | 9.5% |
| Net Profit Margin | 12.5% | 12.5% | 8.9% | 12.1% | 17.1% | 26.4% | 14.8% | 18.3% | 10.5% | 4.8% | 5.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.8% | 23.8% | 16.0% | 20.7% | 28.6% | 40.2% | 18.8% | 21.0% | 12.6% | 5.8% | 7.4% |
| ROA | 2.9% | 2.9% | 2.0% | 2.7% | 3.9% | 5.9% | 3.2% | 4.0% | 2.3% | 1.0% | 1.1% |
| ROIC | 3.0% | 3.0% | 2.1% | 2.8% | 4.1% | 6.2% | 3.4% | 4.1% | 2.5% | 1.8% | 1.4% |
| ROCE | 3.8% | 3.8% | 2.7% | 3.6% | 5.2% | 7.8% | 4.3% | 5.1% | 3.3% | 2.3% | 1.9% |
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 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.67 | 6.67 | 6.72 | 6.22 | 6.06 | 5.74 | 5.17 | 3.98 | 4.00 | 4.59 | 4.55 |
| Debt / EBITDA | 17.62 | 17.62 | 22.71 | 18.06 | 12.90 | 8.85 | 14.34 | 12.57 | 16.62 | 19.83 | 15.92 |
| Net Debt / Equity | — | 6.40 | 6.57 | 5.90 | 5.90 | 5.56 | 4.51 | 3.69 | 3.82 | 4.29 | 4.36 |
| Net Debt / EBITDA | 16.91 | 16.91 | 22.22 | 17.14 | 12.55 | 8.58 | 12.51 | 11.68 | 15.88 | 18.53 | 15.26 |
| Debt / FCF | — | 6.96 | 7.77 | 7.46 | 7.45 | 7.66 | 7.02 | 6.77 | 7.09 | 9.02 | 10.03 |
| Interest Coverage | 0.79 | 0.79 | 0.56 | 0.82 | 1.29 | 1.86 | 0.95 | 1.13 | 0.71 | 0.53 | 0.42 |
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 | — | — | — | — | — | — | — | — | 3.80 | — | 6.58 |
| Quick Ratio | — | — | — | — | — | — | — | — | 3.80 | — | 6.58 |
| Cash Ratio | — | — | — | — | — | — | — | — | 1.09 | — | 1.63 |
| Asset Turnover | — | 0.23 | 0.22 | 0.22 | 0.23 | 0.23 | 0.22 | 0.21 | 0.21 | 0.19 | 0.21 |
| 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 | 4.4% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 39.5% | 39.5% | 110.0% | 64.6% | 55.0% | 97.0% | 110.4% | 47.7% | — | — | 8.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.0% | 9.7% | 8.1% | 10.8% | 21.0% | 19.7% | 11.2% | 14.9% | 13.5% | 5.2% | 7.2% |
| FCF Yield | 44.9% | 38.8% | 43.1% | 42.4% | 57.6% | 33.7% | 34.0% | 41.1% | 61.9% | 44.2% | 44.6% |
| Buyback Yield | 2.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $119M | $120M | $121M | $124M | $133M | $135M | $136M | $136M | $136M | $135M |
High leverage and credit
Based on current market data, OMF trades at a P/E of 9.21x, which appears to discount the inherent volatility of its subprime loan portfolio relative to broader financial services peers, suggesting investors remain cautious regarding the sustainability of earnings in a normalizing credit environment.
The forward P/E of 8.32x implies that the market expects a contraction in earnings growth, likely driven by higher provisioning requirements. This valuation discount relative to higher-quality financial institutions suggests that the market is pricing in a significant risk premium for the company's reliance on wholesale funding and its exposure to the near-prime consumer segment.
As reported in recent financial statements, ROE has remained in the low-to-mid single digits, peaking at 6.7% in 2026Q1, which indicates that the company's ability to compound capital is significantly hampered by its high debt-to-equity structure and the ongoing impact of CECL accounting.
The low ROIC, which has hovered near 0.7% over the last ten quarters, suggests that the firm is struggling to generate meaningful returns on its invested capital after accounting for credit losses. This trend warrants further investigation into whether the current branch-based growth strategy is truly value-accretive or merely maintaining market share at the expense of long-term capital efficiency.
According to historical balance sheet filings, OMF maintains a debt-to-equity ratio consistently near 6.6x, a level that underscores the company's structural reliance on securitization markets to fund its high-yield consumer installment loan portfolio throughout the current credit cycle.
The interest coverage ratio, which has dipped as low as 0.31x in 2024Q2, suggests that debt service capacity is highly sensitive to fluctuations in operating income. Investors should monitor this metric closely, as any sustained increase in credit losses could rapidly erode the company's ability to service its substantial debt obligations without further capital market access.
Based on comparative analysis, OMF's P/B ratio of 2.12x sits between the lower-valued SLM Corporation and the premium-priced Enova International, reflecting a unique market positioning that balances a physical branch-based moat against the risks of a highly leveraged, subprime-focused balance sheet.
While peers like SLM benefit from different funding profiles, OMF's reliance on wholesale markets creates a distinct risk profile that is not fully captured by simple valuation multiples. The gap in ROE between OMF and peers like Enova suggests that OMF's physical infrastructure may be creating a structural drag on profitability that is not present in more digitally-native lending models.
The Price-to-Book ratio is frequently misapplied to OMF, as it fails to account for the significant non-cash provisions mandated by CECL accounting, which artificially depress the book value of the loan portfolio and obscure the true economic value of the underlying assets.
Investors should instead focus on tangible book value adjusted for expected credit losses or utilize cash-flow-based metrics to assess the firm's true earning power. Relying on P/B in this context may lead to an inaccurate assessment of the company's valuation, as it ignores the cyclical nature of the provision for credit losses and the firm's ability to generate cash through its branch network.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying OMF stock.
OneMain Holdings, Inc.'s current P/E ratio is 9.1x. The historical average is 9.6x. This places it at the 55th percentile of its historical range.
OneMain Holdings, Inc.'s current EV/EBITDA is 22.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.1x.
OneMain Holdings, Inc.'s return on equity (ROE) is 23.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.2%.
Based on historical data, OneMain Holdings, Inc. is trading at a P/E of 9.1x. This is at the 55th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
OneMain Holdings, Inc.'s current dividend yield is 4.35% with a payout ratio of 39.5%.
OneMain Holdings, Inc. has 47.6% gross margin and 16.0% operating margin. Operating margin between 10-20% is typical for established companies.
OneMain Holdings, Inc.'s Debt/EBITDA ratio is 17.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.