National Australia Bank Limited
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
11.2710.8110.16
Price/Sales ratio
N/AN/AN/A
Earnings per Share (EPS)
$1.17$1.22$1.30

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
12.20205.7116.5615.239.007.897.106.886.288.586.687.89
Price/Sales ratio
2.804.184.834.412.391.602.712.582.342.892.682.39
Price/Book Value ratio
1.311.411.641.540.750.450.720.800.760.970.940.75
Price/Cash Flow ratio
-5.584.476.37-8.874.000.8159.571.68-1.74-1.66-0.690.81
Price/Free Cash Flow ratio
-5.194.726.91-7.964.490.83-456.721.74-1.67-1.60-1.340.83
Price/Earnings Growth ratio
0.83-2.170.01-2.460.10-0.250.100.630.746.630.460.10
Dividend Yield
4.95%6.34%5.63%5.17%7.82%8.40%5.93%8.44%9.31%7.86%7.65%8.40%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%104.02%100%38.45%100%
Operating Profit Margin
34.84%51.92%126.26%124.65%39.58%24.53%53.71%93.36%56.49%N/A24.85%24.53%
Pretax Profit Margin
34.84%51.92%49.73%45.43%41.26%29.99%54.35%53.16%52.69%47.90%28.88%29.99%
Net Profit Margin
22.97%2.03%29.22%28.95%26.63%20.32%38.14%37.59%37.38%33.74%20.49%20.32%
Effective Tax Rate
29.92%28.43%28.63%29.22%29.07%32.24%28.63%27.54%28.51%28.32%28.42%32.24%
Return on Assets
0.62%0.04%0.64%0.66%0.54%0.40%0.68%0.65%0.70%0.64%0.80%0.54%
Return On Equity
10.79%0.68%9.91%10.15%8.33%5.70%10.13%11.67%12.12%11.32%14.19%8.33%
Return on Capital Employed
1.20%1.47%3.51%3.60%1.03%0.61%0.96%1.62%1.06%N/A0.97%0.61%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
0.671.461.421.321.571.81266.15162.8419.24N/AN/A1.81
Cash ratio
0.400.440.490.480.480.64122.4378.5418.79N/AN/A0.64
Days of Sales Outstanding
48.2577.7045.52N/A12.2936.9130.4143.0752.9346.6522.6412.29
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/A52.93N/A22.64N/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/A-2.92KN/A105.78N/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/A2.97KN/A-83.14N/A
Debt Ratios
Debt Ratio
0.200.430.250.210.380.330.18N/AN/A0.270.270.33
Debt Equity Ratio
3.546.523.883.255.914.762.70N/AN/A4.824.824.76
Long-term Debt to Capitalization
N/A0.760.150.120.720.680.73N/AN/AN/AN/A0.68
Total Debt to Capitalization
0.770.860.790.760.850.820.73N/AN/A0.820.820.82
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
-0.060.040.06-0.050.030.110.00N/AN/A-0.12-0.280.11
Company Equity Multiplier
17.2115.1615.3615.3015.2314.1314.7417.8717.3117.5717.5715.23
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.500.930.75-0.490.591.960.041.53-1.34-1.73-1.961.96
Free Cash Flow / Operating Cash Flow Ratio
1.070.940.921.110.890.97-0.130.961.041.041.010.89
Cash Flow Coverage Ratio
-0.060.040.06-0.050.030.110.00N/AN/A-0.12-0.280.11
Short Term Coverage Ratio
-0.060.090.06-0.050.050.21N/AN/AN/A-0.12-0.280.21
Dividend Payout Ratio
60.52%1304.82%93.33%78.83%70.50%66.40%42.14%58.13%58.52%67.52%65.08%66.40%