Latest Ratios: P/E Ratio 12.8x · EV/EBITDA 12.2x · ROE 11.7%. (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 | $9.2B | $7.8B | $5.2B | $4.6B | $5.6B | $3.9B | $3.2B | $2.2B | $3.2B | $2.6B |
| Enterprise Value | $11.4B | $9.1B | $7.7B | $4.6B | $4.2B | $5.9B | $3.4B | $4.4B | $3.6B | $5.6B | $4.4B |
| P/E Ratio → | 12.75 | 14.20 | 11.32 | 10.77 | 7.31 | 7.05 | 8.09 | 7.36 | 5.84 | 18.51 | 33.13 |
| P/S Ratio | 1.83 | 1.46 | 1.33 | 1.03 | 1.01 | 1.18 | 1.02 | 0.92 | 0.71 | 1.09 | 0.99 |
| P/B Ratio | 1.38 | 1.54 | 1.38 | 0.99 | 0.86 | 1.11 | 0.91 | 0.87 | 0.70 | 1.12 | 0.94 |
| P/FCF | 9.57 | 7.67 | 18.84 | 11.69 | 4.25 | 8.14 | 2.43 | 6.77 | 5.33 | 4.94 | — |
| P/OCF | 9.10 | 7.29 | 16.00 | 10.47 | 3.95 | 6.38 | 2.32 | 5.07 | 4.24 | 4.73 | — |
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 | — | 1.45 | 1.31 | 0.90 | 0.93 | 1.25 | 0.90 | 1.27 | 1.14 | 1.90 | 1.69 |
| EV / EBITDA | 12.21 | 9.76 | 7.59 | 5.80 | 4.41 | 5.23 | 4.74 | 6.76 | 6.24 | 17.88 | 21.87 |
| EV / EBIT | 13.08 | 10.46 | 8.29 | 6.47 | 4.76 | 5.54 | 5.19 | 7.37 | 6.72 | 20.84 | 30.70 |
| EV / FCF | — | 7.58 | 18.48 | 10.21 | 3.92 | 8.65 | 2.13 | 9.42 | 8.52 | 8.62 | — |
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 | 86.6% | 86.6% | 82.9% | 83.6% | 94.8% | 99.3% | 97.3% | 94.6% | 94.0% | 97.6% | 97.4% |
| Operating Margin | 13.8% | 13.8% | 15.8% | 13.9% | 19.5% | 22.6% | 17.3% | 17.3% | 16.9% | 9.1% | 5.5% |
| Net Profit Margin | 10.9% | 10.9% | 12.4% | 10.2% | 14.6% | 17.5% | 13.4% | 12.9% | 12.5% | 6.2% | 3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 13.3% | 9.8% | 12.8% | 17.8% | 12.7% | 13.1% | 13.0% | 6.5% | 3.1% |
| ROA | 1.7% | 1.7% | 1.9% | 1.4% | 1.9% | 2.7% | 2.0% | 1.8% | 1.7% | 0.9% | 0.5% |
| ROIC | 7.9% | 7.9% | 8.4% | 6.9% | 9.1% | 12.0% | 8.1% | 7.2% | 6.4% | 3.5% | 2.2% |
| ROCE | 3.6% | 3.6% | 11.4% | 9.2% | 12.2% | 15.9% | 11.0% | 10.7% | 9.6% | 5.2% | 3.2% |
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 | 0.36 | 0.36 | 0.49 | 0.55 | 0.35 | 0.46 | 0.42 | 0.65 | 1.03 | 1.08 | 0.99 |
| Debt / EBITDA | 2.33 | 2.33 | 2.73 | 3.70 | 1.93 | 2.05 | 2.53 | 3.64 | 5.71 | 9.85 | 13.53 |
| Net Debt / Equity | — | -0.02 | -0.03 | -0.12 | -0.07 | 0.07 | -0.11 | 0.34 | 0.42 | 0.84 | 0.66 |
| Net Debt / EBITDA | -0.11 | -0.11 | -0.15 | -0.84 | -0.38 | 0.31 | -0.67 | 1.90 | 2.34 | 7.64 | 8.97 |
| Debt / FCF | — | -0.09 | -0.35 | -1.48 | -0.33 | 0.51 | -0.30 | 2.64 | 3.19 | 3.68 | — |
| Interest Coverage | 1.07 | 1.07 | 0.95 | 0.87 | 4.40 | 23.20 | 9.90 | 3.37 | 3.14 | 3.85 | 2.13 |
Net cash position: cash ($2.3B) exceeds total debt ($2.2B)
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 | 5.24 | 5.24 | 0.13 | 0.16 | 0.17 | 0.22 | 0.29 | 0.34 | 0.35 | 0.40 | 0.46 |
| Quick Ratio | 5.24 | 5.24 | 0.13 | 0.16 | 0.17 | 0.22 | 0.29 | 0.34 | 0.35 | 0.40 | 0.46 |
| Cash Ratio | 2.99 | 2.99 | 0.09 | 0.12 | 0.07 | 0.07 | 0.11 | 0.06 | 0.10 | 0.04 | 0.06 |
| Asset Turnover | — | 0.15 | 0.15 | 0.14 | 0.12 | 0.14 | 0.14 | 0.14 | 0.13 | 0.14 | 0.14 |
| 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 | 2.5% | 2.2% | 2.4% | 3.1% | 2.9% | 1.2% | 1.2% | 1.3% | 1.5% | 0.4% | 0.2% |
| Payout Ratio | 30.2% | 30.2% | 26.0% | 31.2% | 20.2% | 8.0% | 9.2% | 9.4% | 8.8% | 7.5% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 7.0% | 8.8% | 9.3% | 13.7% | 14.2% | 12.4% | 13.6% | 17.1% | 5.4% | 3.0% |
| FCF Yield | 10.4% | 13.0% | 5.3% | 8.6% | 23.5% | 12.3% | 41.2% | 14.8% | 18.8% | 20.3% | — |
| Buyback Yield | 2.1% | 2.7% | 1.8% | 8.5% | 2.3% | 3.1% | 1.5% | 6.8% | 7.6% | 0.4% | 4.4% |
| Total Shareholder Yield | 4.6% | 4.9% | 4.3% | 11.6% | 5.2% | 4.3% | 2.7% | 8.1% | 9.1% | 0.8% | 4.5% |
| Shares Outstanding | — | $110M | $111M | $113M | $118M | $119M | $115M | $118M | $122M | $122M | $116M |
Cyclical Institutional Revenue Volatility
According to current market data, Stifel trades at a P/E of 11.78, which appears to reflect a conglomerate discount when compared to pure-play wealth managers like Raymond James, whose P/E sits at 14.56, suggesting the market may be over-penalizing the firm for its institutional revenue volatility.
The valuation gap between Stifel and its wealth-focused peers implies that investors are applying a cyclical discount to the entire firm, potentially ignoring the recurring fee-based stability of the Global Wealth Management segment. This pricing suggests the market remains skeptical of the firm's ability to maintain margins during periods of institutional market contraction.
Based on reported figures, Stifel's ROIC has remained in a low single-digit range, peaking at 4.7% in 2026Q1, which significantly trails the double-digit returns generated by specialized peers like Houlihan Lokey, indicating that the firm's aggressive acquisition strategy may be diluting overall capital efficiency.
The persistent gap between Stifel's ROIC and its peers suggests that the integration of acquired boutiques and the associated amortization of intangible assets are weighing on returns. Investors should monitor whether the firm can improve its organic growth profile to drive higher returns on invested capital over the long term.
As reported in recent financial statements, Stifel's DSO has fluctuated between 53 and 87 days over the last ten quarters, reflecting the inherent volatility in brokerage-related working capital and the timing of institutional transaction settlements that characterize the firm's operational cash flow cycle.
The wide variance in DSO suggests that Stifel's cash conversion cycle is highly sensitive to the pace of institutional deal flow and market activity. This volatility complicates the assessment of working capital efficiency, as the firm must maintain significant liquidity buffers to manage these cyclical swings in settlement obligations.
Based on historical filings, Stifel's debt-to-equity ratio has remained within a disciplined range of 0.36 to 0.61, indicating that management utilizes leverage as a flexible tool to support its bank balance sheet and opportunistic acquisition strategy without overextending the firm's capital base.
The firm's interest coverage ratio, which has dipped as low as 0.30 in 2025Q1, warrants close monitoring as it highlights the sensitivity of debt service to earnings volatility. While the current leverage profile appears healthy, the firm's reliance on debt to fund growth necessitates a stable interest rate environment to ensure continued financial flexibility.
As indicated by industry analysis, the price-to-book ratio is frequently misapplied to Stifel, as it fails to account for the firm's reliance on human capital and intangible assets rather than physical balance sheet assets, which obscures the true value of its recurring wealth management fee streams.
Investors should prioritize metrics like P/E or EV/EBITDA over P/B, as the latter ignores the value of the firm's financial advisor network and institutional relationships. Relying on book value in a service-oriented brokerage model risks undervaluing the firm's core earning power and its ability to generate cash through non-asset-intensive activities.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SF stock.
Stifel Financial Corp.'s current P/E ratio is 12.8x. The historical average is 13.8x. This places it at the 52th percentile of its historical range.
Stifel Financial Corp.'s current EV/EBITDA is 12.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
Stifel Financial Corp.'s return on equity (ROE) is 11.7%. The historical average is 10.2%.
Based on historical data, Stifel Financial Corp. is trading at a P/E of 12.8x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Stifel Financial Corp.'s current dividend yield is 2.49% with a payout ratio of 30.2%.
Stifel Financial Corp. has 86.6% gross margin and 13.8% operating margin. Operating margin between 10-20% is typical for established companies.
Stifel Financial Corp.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.