Latest Ratios: P/E Ratio 17.0x · EV/EBITDA 16.8x · ROE 28.9%. (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 | $11.5B | $10.3B | $10.9B | $8.5B | $8.0B | $8.7B | $8.6B | $10.1B | $7.4B | $11.7B | $8.1B |
| Enterprise Value | $11.2B | $9.9B | $10.1B | $7.7B | $7.2B | $8.0B | $7.8B | $9.3B | $6.7B | $10.9B | $7.4B |
| P/E Ratio → | 17.04 | 14.57 | 18.70 | 18.37 | 16.85 | 15.99 | 19.16 | 20.21 | 14.71 | 28.86 | 24.32 |
| P/S Ratio | 5.02 | 4.47 | 5.11 | 4.43 | 4.02 | 4.55 | 5.08 | 6.15 | 4.59 | 7.64 | 5.79 |
| P/B Ratio | 4.44 | 3.80 | 4.82 | 3.99 | 4.10 | 4.69 | 4.92 | 5.83 | 4.68 | 7.90 | 6.23 |
| P/FCF | 19.72 | 17.56 | 19.20 | 21.89 | 16.30 | 15.04 | 20.88 | 21.68 | 14.46 | 31.23 | 23.63 |
| P/OCF | 18.99 | 16.91 | 17.46 | 19.01 | 14.15 | 13.79 | 17.52 | 18.61 | 12.66 | 25.35 | 19.09 |
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 | — | 4.31 | 4.73 | 4.01 | 3.61 | 4.16 | 4.64 | 5.67 | 4.12 | 7.17 | 5.29 |
| EV / EBITDA | 16.81 | 14.91 | 16.04 | 15.42 | 12.75 | 12.35 | 14.76 | 17.27 | 12.88 | 23.17 | 16.58 |
| EV / EBIT | 17.80 | 12.04 | 13.46 | 12.92 | 15.11 | 14.42 | 17.54 | 20.31 | 15.15 | 27.58 | 19.75 |
| EV / FCF | — | 16.93 | 17.78 | 19.81 | 14.62 | 13.75 | 19.07 | 19.98 | 13.00 | 29.32 | 21.61 |
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 | 59.2% | 59.2% | 53.1% | 51.3% | 52.5% | 56.7% | 56.2% | 55.8% | 55.4% | 55.0% | 54.5% |
| Operating Margin | 27.3% | 27.3% | 26.0% | 22.1% | 23.9% | 28.8% | 26.5% | 27.9% | 27.2% | 26.0% | 26.8% |
| Net Profit Margin | 31.1% | 31.1% | 27.3% | 24.1% | 23.9% | 28.5% | 26.6% | 30.4% | 31.1% | 26.5% | 23.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 28.9% | 28.9% | 26.5% | 22.6% | 24.9% | 30.4% | 25.7% | 30.1% | 33.0% | 29.1% | 25.7% |
| ROA | 24.1% | 24.1% | 22.3% | 18.9% | 20.1% | 24.2% | 20.7% | 24.3% | 26.5% | 23.2% | 20.7% |
| ROIC | 18.8% | 18.8% | 18.6% | 15.4% | 18.2% | 22.3% | 18.7% | 20.4% | 21.4% | 21.2% | 21.7% |
| ROCE | 24.2% | 24.2% | 24.7% | 20.4% | 23.9% | 28.8% | 24.1% | 26.1% | 27.2% | 26.8% | 27.3% |
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 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.02 | 0.03 | — | 0.02 | — |
| Debt / EBITDA | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.12 | 0.08 | 0.09 | — | 0.06 | — |
| Net Debt / Equity | — | -0.14 | -0.36 | -0.38 | -0.42 | -0.40 | -0.43 | -0.46 | -0.47 | -0.48 | -0.53 |
| Net Debt / EBITDA | -0.56 | -0.56 | -1.29 | -1.62 | -1.46 | -1.16 | -1.40 | -1.47 | -1.45 | -1.51 | -1.55 |
| Debt / FCF | — | -0.63 | -1.43 | -2.08 | -1.68 | -1.30 | -1.81 | -1.70 | -1.46 | -1.91 | -2.03 |
| Interest Coverage | 2130.23 | 2130.23 | 1327.39 | 1020.99 | 635.18 | 982.91 | 732.16 | 730.83 | 685.25 | 508.25 | 707.52 |
Net cash position: cash ($400M) exceeds total debt ($29M)
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 | 3.29 | 3.29 | 4.08 | 4.19 | 3.65 | 3.95 | 4.10 | 4.44 | 4.03 | 4.14 | 4.16 |
| Quick Ratio | 3.29 | 3.29 | 4.08 | 4.19 | 3.65 | 3.95 | 4.10 | 4.44 | 4.03 | 4.14 | 4.16 |
| Cash Ratio | 1.03 | 1.03 | 2.21 | 2.36 | 2.14 | 2.34 | 2.47 | 2.87 | 2.55 | 2.71 | 2.79 |
| Asset Turnover | — | 0.70 | 0.79 | 0.76 | 0.84 | 0.81 | 0.78 | 0.77 | 0.82 | 0.82 | 0.86 |
| 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 | 1.0% | 1.2% | 1.1% | 1.4% | 1.4% | 1.2% | 1.2% | 1.0% | 1.3% | 0.8% | 1.0% |
| Payout Ratio | 17.4% | 17.4% | 20.7% | 24.8% | 23.1% | 19.3% | 23.2% | 20.1% | 18.6% | 22.0% | 25.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 6.9% | 5.3% | 5.4% | 5.9% | 6.3% | 5.2% | 4.9% | 6.8% | 3.5% | 4.1% |
| FCF Yield | 5.1% | 5.7% | 5.2% | 4.6% | 6.1% | 6.6% | 4.8% | 4.6% | 6.9% | 3.2% | 4.2% |
| Buyback Yield | 5.4% | 6.1% | 4.6% | 3.6% | 4.3% | 4.7% | 5.0% | 3.4% | 5.5% | 2.1% | 3.6% |
| Total Shareholder Yield | 6.5% | 7.3% | 5.7% | 5.0% | 5.7% | 5.9% | 6.2% | 4.4% | 6.7% | 2.9% | 4.6% |
| Shares Outstanding | — | $125M | $132M | $134M | $137M | $143M | $149M | $155M | $161M | $162M | $164M |
Market Beta Sensitivity
Based on current market data, SEIC trades at a forward P/E of 14.72, which appears to discount its fintech-like platform capabilities by grouping the firm with traditional asset managers, despite its recurring revenue model and high switching costs that typically command a premium in the technology sector.
The current valuation suggests that investors are prioritizing the firm's mature asset management roots over its integrated wealth platform growth. This discrepancy warrants investigation, as the market may be failing to account for the long-term durability of the firm's fee-based ecosystem compared to pure-play asset managers.
As reported in recent financial statements, SEIC's ROIC has hovered between 3.6% and 5.2% over the last ten quarters, a trend that appears suppressed by the company's substantial cash holdings rather than a fundamental inability to generate returns on its core operating assets.
The relatively low ROIC relative to the firm's strong operating margins suggests that the balance sheet is currently over-capitalized. Investors should monitor whether management can deploy this idle capital into higher-yielding strategic initiatives or if it will continue to act as a drag on overall capital efficiency.
According to quarterly filings, SEIC maintains a consistent DSO profile averaging approximately 34 days, which indicates a stable and predictable collection cycle for its wealth platform and administrative services, suggesting that the firm possesses significant leverage over its client base regarding payment terms.
The stability in DSO reflects the recurring nature of the firm's contracts and the essential utility of its platform services. This efficiency is a key indicator of operational health, as it minimizes the risk of bad debt and ensures that cash flow remains aligned with revenue recognition.
With a debt-to-equity ratio consistently near 0.01% as shown in recent SEC filings, SEIC maintains a fortress balance sheet that effectively eliminates refinancing risk and provides the firm with unparalleled flexibility to navigate periods of market volatility or to fund future organic growth initiatives.
The near-zero leverage position is a hallmark of the company's conservative capital allocation strategy, which prioritizes financial stability over aggressive debt-fueled expansion. While this approach limits potential equity returns during bull markets, it provides a significant buffer against the cyclicality inherent in the asset management industry.
The P/E ratio is frequently misapplied to SEIC, as it obscures the firm's dual identity as both a technology platform provider and an asset manager, failing to account for the high-quality, recurring nature of its platform fees compared to volatile, market-dependent investment management revenue streams.
Analysts should instead focus on EV/EBITDA or a sum-of-the-parts valuation to better capture the value of the firm's proprietary wealth platform. Relying solely on P/E risks mispricing the business by ignoring the structural moat provided by its integrated technology architecture.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SEIC stock.
SEI Investments Company's current P/E ratio is 17.0x. The historical average is 25.8x. This places it at the 17th percentile of its historical range.
SEI Investments Company's current EV/EBITDA is 16.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.7x.
SEI Investments Company's return on equity (ROE) is 28.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 35.9%.
Based on historical data, SEI Investments Company is trading at a P/E of 17.0x. This is at the 17th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SEI Investments Company's current dividend yield is 1.03% with a payout ratio of 17.4%.
SEI Investments Company has 59.2% gross margin and 27.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
SEI Investments Company's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.