Latest Ratios: P/E Ratio 10.6x · EV/EBITDA 7.6x · ROE N/A. (2015–2025 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 | $591M | $444M | $916M | $279M | $412M | $509M | $474M | $164M | $493M | $24M | $17M |
| Enterprise Value | $1.6B | $1.4B | $1.8B | $878M | $998M | $1.1B | $842M | $651M | $883M | $24M | $16M |
| P/E Ratio → | 10.56 | 8.01 | — | — | — | — | 6.64 | — | — | — | — |
| P/S Ratio | 0.62 | 0.47 | 1.04 | 0.37 | 0.62 | 0.99 | 1.17 | 0.44 | 1.16 | 0.06 | 0.05 |
| P/B Ratio | — | — | — | 2.48 | 3.10 | 3.49 | — | — | — | 0.44 | 0.31 |
| P/FCF | 7.88 | 5.91 | 14.34 | 4.65 | 7.97 | — | 99.88 | — | — | 0.85 | — |
| P/OCF | 5.91 | 4.44 | 10.70 | 3.43 | 5.84 | 54.29 | 38.81 | 13.61 | 15.72 | 0.64 | — |
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 | — | 1.48 | 2.03 | 1.16 | 1.50 | 2.13 | 2.08 | 1.75 | 2.08 | 0.06 | 0.05 |
| EV / EBITDA | 7.63 | 6.91 | 9.34 | 5.86 | 7.87 | 13.28 | 13.65 | 14.06 | 22.26 | 0.47 | 1.20 |
| EV / EBIT | 11.05 | 10.01 | 14.17 | 10.54 | 17.59 | 33.70 | 6.64 | 82.43 | 91.85 | 0.80 | — |
| EV / FCF | — | 18.82 | 27.98 | 14.63 | 19.33 | — | 177.52 | — | — | 0.85 | — |
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 | 21.4% | 21.4% | 37.3% | 36.4% | 34.2% | 30.1% | 31.4% | 32.1% | 25.9% | 24.5% | 25.3% |
| Operating Margin | 14.8% | 14.8% | 15.2% | 10.8% | 8.5% | 6.4% | 5.2% | 1.9% | 4.7% | 8.3% | -0.1% |
| Net Profit Margin | 5.8% | 5.8% | 2.7% | -0.2% | -0.3% | 0.3% | 6.3% | -9.0% | -3.5% | 1.1% | -0.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | -1.1% | -1.5% | 5.9% | — | — | — | 8.5% | -0.4% |
| ROA | 2.6% | 2.6% | 1.4% | -0.1% | -0.2% | 0.2% | 5.8% | -8.0% | -6.9% | 8.3% | -0.4% |
| ROIC | 13.4% | 13.4% | 14.1% | 8.5% | 5.8% | 4.9% | 4.9% | 1.6% | 8.6% | 49.3% | -0.5% |
| ROCE | 16.0% | 16.0% | 17.3% | 10.8% | 7.4% | 6.4% | 6.5% | 2.1% | 10.7% | 64.2% | -0.6% |
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 | — | — | — | 5.68 | 4.56 | 4.18 | — | — | — | 0.00 | 0.00 |
| Debt / EBITDA | 5.12 | 5.12 | 4.86 | 4.26 | 4.77 | 7.37 | 6.12 | 10.58 | 10.22 | 0.00 | 0.00 |
| Net Debt / Equity | — | — | — | 5.32 | 4.42 | 4.04 | — | — | — | -0.00 | -0.01 |
| Net Debt / EBITDA | 4.74 | 4.74 | 4.55 | 4.00 | 4.63 | 7.13 | 5.97 | 10.51 | 9.83 | -0.00 | -0.02 |
| Debt / FCF | — | 12.91 | 13.64 | 9.98 | 11.36 | — | 77.64 | — | — | -0.01 | — |
| Interest Coverage | 1.61 | 1.61 | 1.42 | 1.09 | 1.06 | 0.89 | 2.83 | 0.19 | 0.32 | 0.95 | — |
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 | 1.07 | 1.07 | 1.05 | 1.03 | 1.04 | 1.03 | 0.91 | 1.01 | 1.19 | 0.47 | 2.79 |
| Quick Ratio | 1.07 | 1.07 | 1.05 | 1.03 | 1.04 | 1.03 | 0.91 | 1.01 | 1.19 | 0.47 | 2.79 |
| Cash Ratio | 0.05 | 0.05 | 0.06 | 0.05 | 0.03 | 0.03 | 0.06 | 0.03 | 0.25 | 0.44 | 2.41 |
| Asset Turnover | — | 0.40 | 0.48 | 0.47 | 0.48 | 0.38 | 0.97 | 0.80 | 1.12 | 7.70 | 6.24 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 35.76 | 29.71 | 28.99 | 43.77 | 41.61 | 39.28 | 38.59 | 32.02 | — | — |
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 | — | — | 6.0% | 8.9% | 2.8% | 1.5% | — | — | 1.4% | 14.3% | 60.2% |
| Payout Ratio | — | — | 227.2% | — | — | — | — | — | — | 74.0% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.5% | 12.5% | — | — | — | — | 15.1% | — | — | — | — |
| FCF Yield | 12.7% | 16.9% | 7.0% | 21.5% | 12.5% | — | 1.0% | — | — | 117.2% | — |
| Buyback Yield | 1.7% | 2.3% | 0.2% | 0.5% | 1.8% | 0.3% | 0.0% | 1.5% | 20.0% | 100.0% | 0.0% |
| Total Shareholder Yield | 1.7% | 2.3% | 6.1% | 9.3% | 4.6% | 1.8% | 0.0% | 1.5% | 21.4% | 100.0% | 60.2% |
| Shares Outstanding | — | $81M | $78M | $78M | $78M | $72M | $67M | $67M | $62M | $2M | $2M |
High Debt Service Burden
According to current market data, PRTH trades at a forward P/E of 6.54, which appears to discount the company's growth prospects significantly compared to broader fintech peers, likely reflecting investor skepticism regarding the sustainability of its debt-funded acquisition strategy and the volatility of its core SMB payment margins.
The low P/S ratio of 0.63 suggests that the market is pricing the company as a legacy processor rather than a high-growth BaaS provider. This valuation gap warrants further investigation into whether the Enterprise segment's recurring revenue can eventually command a higher multiple as it scales.
Based on reported financial statements, PRTH's ROIC has remained stagnant, hovering between 2.3% and 4.0% over the last ten quarters, which indicates that the company is struggling to generate meaningful returns on its invested capital despite aggressive expansion efforts through various merchant portfolio acquisitions.
The persistent gap between the cost of capital and these low returns suggests that the company's acquisition-led growth strategy may be value-destructive on an unlevered basis. Investors should monitor whether management can improve capital efficiency as the business shifts toward higher-margin software-based revenue streams.
As indicated by recent quarterly filings, the company's asset turnover ratio has remained consistently low at approximately 0.10 to 0.13, suggesting that the firm's heavy reliance on acquired merchant portfolios creates a capital-intensive operational structure that limits the velocity of its revenue generation relative to its asset base.
The DSO trend, which has fluctuated between 28 and 35 days, implies that the company maintains a relatively stable but unoptimized collection cycle. This lack of improvement in asset turnover highlights the difficulty of scaling a payment platform that is tethered to legacy ISO distribution models.
According to the latest balance sheet disclosures, the company's interest coverage ratio has remained thin, frequently falling below 1.7x, which suggests that PRTH faces a precarious debt service burden that leaves little room for operational error in a high-interest rate environment or during periods of economic contraction.
The escalation of debt-to-EBITDA levels, which have remained elevated above 14x in recent periods, indicates that the company's financial leverage is a primary constraint on its strategic flexibility. This high debt load appears to be the main factor preventing the company from achieving a more robust balance sheet rating.
Market participants frequently over-rely on gross transaction volume as a primary indicator of success, which obscures the reality that PRTH's profitability is more sensitive to net take rates and the mix of high-margin software fees versus low-margin commodity payment processing within its diverse revenue segments.
Focusing on volume growth ignores the significant pass-through costs associated with interchange and ISO commissions that dilute the company's actual earning power. Analysts should instead prioritize net revenue growth and operating margin expansion as more accurate indicators of the company's transition toward a sustainable BaaS business model.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying PRTH stock.
Priority Technology Holdings, Inc.'s current P/E ratio is 10.6x. The historical average is 7.3x. This places it at the 100th percentile of its historical range.
Priority Technology Holdings, Inc.'s current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
Based on historical data, Priority Technology Holdings, Inc. is trading at a P/E of 10.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Priority Technology Holdings, Inc. has 21.4% gross margin and 14.8% operating margin. Operating margin between 10-20% is typical for established companies.
Priority Technology Holdings, Inc.'s Debt/EBITDA ratio is 5.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.