Latest Ratios: P/E Ratio 5.2x · EV/EBITDA 1.3x · ROE 51.9%. (2001–2025 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 | $2.5B | $3.0B | $3.6B | $4.4B | $5.3B | $7.3B | $9.1B | $11.5B | $7.8B | $8.9B | $10.7B |
| Enterprise Value | $1.3B | $1.8B | $5.3B | $5.8B | $6.8B | $9.1B | $10.3B | $13.2B | $10.2B | $11.1B | $12.6B |
| P/E Ratio → | 5.20 | 6.08 | 3.87 | 7.10 | 5.88 | 9.06 | 12.26 | 10.89 | 9.12 | — | 42.59 |
| P/S Ratio | 0.62 | 0.75 | 0.86 | 1.02 | 1.20 | 1.44 | 1.88 | 2.18 | 1.39 | 1.61 | 1.98 |
| P/B Ratio | 2.72 | 3.18 | 3.73 | 9.25 | 11.19 | 20.51 | 48.82 | — | 3.60 | 5.22 | 3.81 |
| P/FCF | 6.34 | 7.76 | 9.80 | 6.98 | 14.32 | 8.78 | 12.64 | 14.66 | 16.07 | 15.75 | 13.20 |
| P/OCF | 4.58 | 5.61 | 8.90 | 5.66 | 9.20 | 6.98 | 10.38 | 12.62 | 9.44 | 11.99 | 10.29 |
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 | — | 0.45 | 1.25 | 1.34 | 1.53 | 1.79 | 2.13 | 2.49 | 1.83 | 2.01 | 2.33 |
| EV / EBITDA | 1.32 | 1.91 | 5.83 | 5.82 | 6.40 | 6.83 | 8.62 | 11.07 | 7.36 | 15.06 | 16.91 |
| EV / EBIT | 1.60 | 2.36 | 7.14 | 6.85 | 6.16 | 8.74 | 10.57 | 8.95 | 8.95 | 22.65 | 25.55 |
| EV / FCF | — | 4.62 | 14.30 | 9.18 | 18.32 | 10.95 | 14.27 | 16.77 | 21.17 | 19.63 | 15.55 |
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 | 28.7% | 28.7% | 37.8% | 38.7% | 41.3% | 42.9% | 41.5% | 41.7% | 41.0% | 39.3% | 39.8% |
| Operating Margin | 19.4% | 19.4% | 17.2% | 18.8% | 19.8% | 22.1% | 20.0% | 17.6% | 20.1% | 8.6% | 8.9% |
| Net Profit Margin | 12.4% | 12.4% | 22.2% | 14.4% | 20.3% | 15.9% | 15.4% | 20.0% | 15.2% | -10.1% | 4.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 51.9% | 51.9% | 129.0% | 130.9% | 218.5% | 297.2% | 1012.0% | 100.3% | 44.2% | -24.7% | 12.0% |
| ROA | 6.0% | 6.0% | 11.3% | 7.5% | 10.5% | 8.8% | 8.2% | 11.9% | 9.3% | -6.0% | 2.7% |
| ROIC | 23.3% | 23.3% | 15.0% | 19.2% | 20.1% | 24.6% | 21.0% | 15.5% | 16.3% | 6.9% | 7.1% |
| ROCE | 12.5% | 12.5% | 19.9% | 16.9% | 17.4% | 31.5% | 29.0% | 17.9% | 15.3% | 6.3% | 5.9% |
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 | — | — | 3.23 | 5.57 | 5.81 | 8.46 | 17.70 | — | 1.60 | 1.78 | 0.99 |
| Debt / EBITDA | — | — | 3.46 | 2.66 | 2.60 | 2.26 | 2.77 | 2.91 | 2.48 | 4.12 | 3.73 |
| Net Debt / Equity | — | -1.29 | 1.71 | 2.92 | 3.12 | 5.06 | 6.31 | — | 1.14 | 1.29 | 0.68 |
| Net Debt / EBITDA | -1.30 | -1.30 | 1.83 | 1.40 | 1.40 | 1.35 | 0.99 | 1.39 | 1.77 | 2.98 | 2.56 |
| Debt / FCF | — | -3.14 | 4.49 | 2.20 | 4.00 | 2.17 | 1.63 | 2.10 | 5.10 | 3.89 | 2.35 |
| Interest Coverage | 5.37 | 5.37 | 6.16 | 8.08 | 10.99 | 9.87 | 8.22 | 9.69 | 7.63 | 3.45 | 3.24 |
Net cash position: cash ($1.2B) exceeds total debt ($0)
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 | 16.52 | 16.52 | 1.27 | 0.30 | 0.84 | 0.50 | 0.93 | 0.87 | 0.60 | 0.43 | 0.57 |
| Quick Ratio | 16.52 | 16.52 | 1.27 | 0.30 | 0.84 | 0.50 | 0.93 | 0.87 | 0.60 | 0.43 | 0.57 |
| Cash Ratio | 16.52 | 16.52 | 0.36 | 0.24 | 0.69 | 0.23 | 0.36 | 0.32 | 0.60 | 0.43 | 0.57 |
| Asset Turnover | — | 0.49 | 0.50 | 0.53 | 0.53 | 0.57 | 0.51 | 0.60 | 0.62 | 0.60 | 0.58 |
| 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 | 11.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 61.8% | 61.8% | 34.4% | 55.8% | 40.0% | 47.4% | 49.8% | 32.2% | 40.1% | — | 123.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 19.2% | 16.4% | 25.8% | 14.1% | 17.0% | 11.0% | 8.2% | 9.2% | 11.0% | — | 2.3% |
| FCF Yield | 15.8% | 12.9% | 10.2% | 14.3% | 7.0% | 11.4% | 7.9% | 6.8% | 6.2% | 6.4% | 7.6% |
| Buyback Yield | 9.4% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 21.3% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $328M | $341M | $372M | $388M | $409M | $415M | $431M | $454M | $468M | $494M |
Structural Market Share Erosion
According to current market data, Western Union trades at a forward P/E of 4.30, a valuation multiple that suggests investors are pricing in terminal decline rather than growth, especially when compared to the higher multiples commanded by digital-native remittance competitors within the broader financial services sector.
The compressed valuation multiples appear to be a direct response to the company's inability to demonstrate consistent top-line expansion. While the low P/E might appear attractive to value-oriented investors, it likely reflects a market consensus that the core C2C business model faces insurmountable structural headwinds from digital-only platforms.
Based on reported financial statements, Western Union's ROIC has trended downward from 9.9% in 2026Q1 to a low of 3.4% in 2025Q1, indicating that the company is struggling to generate meaningful returns on its invested capital as it attempts to pivot toward a digital-first service model.
The persistent decay in ROIC suggests that the capital-intensive nature of the legacy agent network is no longer yielding the competitive advantages it once did. Investors should monitor whether the Evolve 2025 strategy can improve these returns or if the company is simply burning capital to defend a shrinking market position.
As indicated by the provided quarterly data, the company's asset turnover has remained stagnant at approximately 0.12 to 0.13, highlighting a lack of operational velocity that is typical of a mature, legacy-heavy business model struggling to optimize its physical and digital infrastructure for modern remittance speeds.
The lack of granular data on DIO and DPO makes it difficult to assess the true efficiency of the company's working capital management. However, the consistently low asset turnover suggests that the company's massive physical footprint may be becoming a drag on overall operational efficiency rather than a strategic asset.
As reported in industry analysis, the P/E ratio is frequently misapplied to Western Union because it fails to account for the significant volatility introduced by non-recurring restructuring charges and the shifting mix between high-margin digital transactions and lower-margin, commission-heavy retail transfers that distort standard earnings-based valuation metrics.
Investors should instead focus on free cash flow yield and constant-currency revenue growth to gauge the underlying health of the business. Relying on P/E in this context may lead to a false sense of security regarding the company's ability to sustain its dividend payout in the face of declining transaction volumes.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying WU stock.
The Western Union Company's current P/E ratio is 5.2x. The historical average is 12.7x. This places it at the 5th percentile of its historical range.
The Western Union Company's current EV/EBITDA is 1.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
The Western Union Company's return on equity (ROE) is 51.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 115.4%.
Based on historical data, The Western Union Company is trading at a P/E of 5.2x. This is at the 5th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Western Union Company's current dividend yield is 11.86% with a payout ratio of 61.8%.
The Western Union Company has 28.7% gross margin and 19.4% operating margin. Operating margin between 10-20% is typical for established companies.