Fiserv
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
18.3714.7510.1018.49
Price/Sales ratio
0.250.230.210.29
Earnings per Share (EPS)
$7.57$9.43$13.76$7.52

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
22.6228.9424.6221.7125.1066.3379.8851.5525.6526.48N/A66.33
Price/Sales ratio
3.363.924.164.755.115.815.154.233.654.25N/A5.81
Price/Book Value ratio
5.177.749.019.9012.991.792.362.222.102.72N/A1.79
Price/Cash Flow ratio
13.0515.3016.0018.2419.2021.1918.4517.0414.0515.74N/A21.19
Price/Free Cash Flow ratio
16.8020.8720.0722.6225.0028.5623.5623.9220.6821.53N/A28.56
Price/Earnings Growth ratio
0.9145.430.670.55-10.75-1.63-4.481.270.260.96N/A-10.75
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
43.13%44.63%46.24%46.91%47.29%47.88%47.40%49.90%54.94%59.82%25.50%47.88%
Operating Profit Margin
23.88%24.95%26.24%26.89%30.10%15.79%9.53%14.10%21.08%25.40%-14.48%15.79%
Pretax Profit Margin
20.66%20.11%23.16%23.84%26.70%10.63%7.88%10.26%16.42%20.41%-16.21%10.63%
Net Profit Margin
14.88%13.55%16.89%21.87%20.38%8.76%6.45%8.22%14.26%16.06%-18.90%8.76%
Effective Tax Rate
36.67%35.66%38.58%11.63%24.30%18.28%16.73%21.78%18.91%19.34%-16.63%18.28%
Return on Assets
8.07%7.62%9.54%12.11%10.53%1.15%1.28%1.74%3.01%3.37%-9.11%1.15%
Return On Equity
22.88%26.76%36.59%45.62%51.76%2.70%2.96%4.30%8.20%10.27%-11.14%2.70%
Return on Capital Employed
15.41%16.72%18.23%18.34%18.94%2.60%2.40%3.94%6.51%8.46%-8.21%2.60%
Liquidity Ratios
Current Ratio
5.345.396.444.323.793.613.78N/AN/AN/A3.553.61
Quick Ratio
0.860.890.870.971.071.081.031.031.041.032.661.07
Cash ratio
0.190.180.160.160.200.050.050.040.030.031.570.20
Days of Sales Outstanding
57.4955.7159.8063.8865.7599.6760.9964.3373.7768.47121.7865.75
Days of Inventory outstanding
25.8420.2317.159.228.25N/AN/AN/AN/AN/A120.988.25
Operating Cycle
83.3475.9476.9673.1174.0099.6760.9964.3373.7768.47151.0174.00
Days of Payables Outstanding
7.729.2813.569.6515.1026.9520.4126.6229.7721.3635.8615.10
Cash Conversion Cycle
75.6166.6663.3963.4558.9072.7240.5737.7043.9947.10115.7558.90
Debt Ratios
Debt Ratio
0.400.450.460.470.520.280.270.270.240.240.200.28
Debt Equity Ratio
1.151.611.791.792.590.660.620.670.670.740.260.66
Long-term Debt to Capitalization
0.520.610.630.640.720.390.380.390.400.420.030.39
Total Debt to Capitalization
0.530.610.640.640.720.390.380.400.400.420.040.39
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-286.20N/A
Cash Flow to Debt Ratio
0.340.310.310.300.260.120.200.190.220.230.710.26
Company Equity Multiplier
2.833.513.833.764.912.352.302.462.723.041.262.35
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.250.250.250.260.260.270.270.240.260.270.050.27
Free Cash Flow / Operating Cash Flow Ratio
0.770.730.790.800.760.740.780.710.670.730.260.74
Cash Flow Coverage Ratio
0.340.310.310.300.260.120.200.190.220.230.710.26
Short Term Coverage Ratio
14.20269.215.06494.333886.5414.8110.6723.3211.672.556.54
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A