Wells Fargo & Company
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
12.6512.3712.8213.809.8711.9869.588.8111.489.4813.309.87
Price/Sales ratio
3.553.373.223.512.552.771.712.482.122.352.912.55
Price/Book Value ratio
1.581.461.401.471.121.260.671.030.870.971.311.12
Price/Cash Flow ratio
16.6419.171.66K16.356.1335.1160.59-16.915.804.498.896.13
Price/Free Cash Flow ratio
-3.92-4.83-8.8262.337.1832.6360.59-16.915.804.498.757.18
Price/Earnings Growth ratio
2.2751.58-3.575.050.77-0.94-0.770.00-0.310.17-2.09-0.94
Dividend Yield
2.79%3.11%3.21%2.97%4.21%4.05%4.94%1.86%3.36%3.26%2.10%4.05%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%106.99%101.81%100%
Operating Profit Margin
44.18%42.77%39.45%34.22%33.02%30.52%5.58%36.75%20.28%37.13%30.27%30.52%
Pretax Profit Margin
41.37%40.13%36.75%31.42%33.02%30.52%3.46%36.71%20.28%28.02%26.30%30.52%
Net Profit Margin
28.12%27.31%25.10%25.46%25.91%23.17%2.46%28.16%18.53%24.79%22.24%23.17%
Effective Tax Rate
30.39%30.81%31.36%17.96%19.84%22.18%46.18%19.35%13.94%12.04%15.79%22.18%
Return on Assets
1.36%1.28%1.13%1.13%1.18%1.02%0.09%1.13%0.72%0.99%0.94%1.02%
Return On Equity
12.50%11.85%10.99%10.71%11.41%10.53%0.96%11.78%7.60%10.30%9.96%10.53%
Return on Capital Employed
2.23%2.12%1.88%1.53%1.51%1.42%0.21%1.50%0.81%2.98%1.78%1.51%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A0.160.47N/AN/AN/A0.060.16
Quick Ratio
4.553.064.5935.9943.577.7516.4825.2012.850.380.067.75
Cash ratio
0.300.190.2114.8112.971.354.486.803.110.240.341.35
Days of Sales Outstanding
54.8053.84232.57268.97253.7085.0981.1669.0973.74254.01N/A85.09
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/AN/A254.01N/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/A254.01N/AN/A
Debt Ratios
Debt Ratio
0.110.110.140.120.120.120.110.080.100.110.100.12
Debt Equity Ratio
1.061.101.371.151.231.281.210.921.081.181.071.28
Long-term Debt to Capitalization
0.490.500.560.520.530.540.530.460.490.520.490.54
Total Debt to Capitalization
0.510.520.570.530.550.560.540.480.520.540.510.56
Interest Coverage Ratio
N/AN/AN/AN/AN/A1.330.07N/AN/AN/A0.771.33
Cash Flow to Debt Ratio
0.080.060.000.070.140.020.00-0.060.130.180.130.13
Company Equity Multiplier
9.149.259.679.439.6610.2910.5710.3810.4510.4010.489.66
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.210.170.000.210.410.070.02-0.140.360.520.330.33
Free Cash Flow / Operating Cash Flow Ratio
-4.23-3.96-188.760.260.851.07111110.85
Cash Flow Coverage Ratio
0.080.060.000.070.140.020.00-0.060.130.180.130.13
Short Term Coverage Ratio
1.401.010.001.282.700.550.16-0.871.313.391.881.88
Dividend Payout Ratio
35.31%38.55%41.19%41.06%41.59%48.63%343.89%16.40%38.7%30.97%34.33%48.63%