Fulton Financial
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
10.219.44
Price/Sales ratio
2.361.26
Earnings per Share (EPS)
$1.82$1.97

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
14.5715.2920.1618.2013.0212.5011.6010.019.629.5612.5612.56
Price/Sales ratio
3.373.354.583.993.283.362.403.052.732.642.143.36
Price/Book Value ratio
1.151.111.531.401.201.230.781.011.070.981.111.23
Price/Cash Flow ratio
10.9412.9117.5712.089.1422.7713.368.054.617.4915.879.14
Price/Free Cash Flow ratio
12.3815.2519.6613.8510.5630.9415.388.494.788.2417.0310.56
Price/Earnings Growth ratio
12.24N/A2.143.380.600.87-0.600.202.61-5.380.120.87
Dividend Yield
2.78%2.85%2.12%2.56%3.30%3.17%4.40%4.06%4.2%4.25%2.59%3.17%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%99.34%100%100%100%100%100%104.93%104.09%100%
Operating Profit Margin
46.35%45.58%40.87%41.86%43.70%31.35%23.55%36.99%42.64%43.43%24.28%31.35%
Pretax Profit Margin
30.85%29.24%29.29%29.93%28.20%31.35%23.55%36.99%34.4%33.92%20.35%31.35%
Net Profit Margin
23.14%21.92%22.73%21.92%25.22%26.90%20.73%30.49%28.44%27.65%17.05%26.90%
Effective Tax Rate
24.99%25.03%22.38%26.74%10.54%14.18%11.96%17.57%17.30%18.47%16.21%10.54%
Return on Assets
0.92%0.83%0.85%0.85%1.00%1.06%0.68%1.06%1.06%1.03%0.88%1.06%
Return On Equity
7.90%7.32%7.61%7.70%9.27%9.90%6.80%10.15%11.12%10.29%9.62%9.27%
Return on Capital Employed
1.86%1.75%1.54%1.65%1.80%1.28%0.80%1.31%1.59%1.61%2.14%1.80%
Liquidity Ratios
Current Ratio
0.000.000.000.000.000.022.93N/AN/AN/A0.390.00
Quick Ratio
76.4073.22203.3071.0023.782.926.328.45123.50N/A0.392.92
Cash ratio
0.570.501.540.460.140.150.180.4012.45N/A0.100.15
Days of Sales Outstanding
90.61114.38150.42160.50163.83152.11149.66118.69127.26170.04105.96152.11
Days of Inventory outstanding
N/AN/AN/A1.68KN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/A1.84KN/AN/AN/AN/AN/A170.04105.96N/A
Days of Payables Outstanding
N/AN/AN/A666.80N/AN/AN/AN/AN/A-252.58-196.18N/A
Cash Conversion Cycle
N/AN/AN/A1.17KN/AN/AN/AN/AN/A422.63302.15N/A
Debt Ratios
Debt Ratio
0.070.060.050.060.080.070.070.040.060.050.060.07
Debt Equity Ratio
0.650.550.460.560.750.720.730.380.690.530.640.72
Long-term Debt to Capitalization
0.360.310.300.310.300.270.330.180.400.340.390.30
Total Debt to Capitalization
0.390.350.310.360.430.420.420.270.400.340.390.42
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A1.56N/AN/AN/A0.82N/A
Cash Flow to Debt Ratio
0.160.150.180.200.170.070.080.320.330.240.100.07
Company Equity Multiplier
8.578.778.938.989.209.329.909.5010.439.9810.049.20
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.300.250.260.330.350.140.170.370.590.350.130.14
Free Cash Flow / Operating Cash Flow Ratio
0.880.840.890.870.860.730.860.940.960.900.930.86
Cash Flow Coverage Ratio
0.160.150.180.200.170.070.080.320.330.240.100.07
Short Term Coverage Ratio
1.270.932.761.140.410.150.240.82N/AN/AN/A0.15
Dividend Payout Ratio
40.55%43.71%42.92%46.79%43.02%39.68%51.08%40.66%40.42%40.71%44.48%43.02%