BOK Financial Corporation (BOKF) Key Metrics
BOKF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.59B
- Enterprise value
- $6.09B
- P/E (TTM)
- 11.8 10-yr median 12.4
- Forward P/E
- 12.1
- PEG ratio
- 1.46
- Price / sales
- 3.3 10-yr median 2.8
- Price / book
- 1.3 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 9.7
- Dividend yield
- 2.02% $2.52 a year
- Beta
- 0.82
BOKF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBOKF valuation Price multiples at each fiscal year-end price.
BOKF returns How much profit the business earns on the capital it uses.
BOKF per-share figures Results divided by the shares outstanding at year-end.
BOKF financial health Debt, liquidity and how easily interest is covered.
BOKF efficiency & capital use Working capital cycle and where the cash goes.
BOKF valuation history
BOKF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BOKF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BOKF cash returned to shareholders
BOKF price vs earnings per share
BOKF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.22B | $6.79B | $5.62B | $6.98B | $7.24B | $4.78B | $6.19B | $4.89B | $5.98B | $5.41B |
| Enterprise value | $4.80B | −$3.05B | $943.6M | $6.52B | −$5.95B | −$5.25B | $7.08B | $8.78B | $6.49B | $5.40B |
| P/E ratio | 12.5 | 13.0 | 10.6 | 13.4 | 11.7 | 11.0 | 12.4 | 11.0 | 17.9 | 23.3 |
| Price / sales | 2.2 | 2.0 | 1.8 | 3.5 | 4.0 | 2.3 | 2.9 | 2.7 | 3.7 | 3.8 |
| Price / book | 1.2 | 1.2 | 1.1 | 1.5 | 1.3 | 0.9 | 1.3 | 1.1 | 1.7 | 1.6 |
| Price / free cash flow | 9.8 | 5.4 | — | 1.4 | — | — | — | 38.8 | — | — |
| Price / operating cash flow | 9.8 | 4.7 | 85.0 | 1.4 | — | — | — | — | 27.8 | — |
| EV / sales | 1.4 | -0.9 | 0.3 | 3.3 | -3.3 | -2.6 | 3.3 | 4.9 | 4.0 | 3.7 |
| EV / EBITDA | 5.8 | — | 1.2 | 8.5 | — | — | 9.7 | 14.0 | 11.3 | 14.0 |
| EV / free cash flow | 6.5 | — | — | 1.3 | — | — | — | 69.7 | — | — |
| Earnings yield | 8.0% | 7.7% | 9.4% | 7.5% | 8.5% | 9.1% | 8.1% | 9.1% | 5.6% | 4.3% |
| Free cash flow yield | 10.2% | 18.6% | −1.8% | 73.4% | −51.0% | −8.7% | −7.7% | 2.6% | −0.6% | −9.6% |
| Dividend yield | 2.0% | 2.1% | 2.6% | 2.1% | 2.0% | 3.0% | 2.3% | 2.6% | 1.9% | 2.1% |
| Shareholder yield (dividends + buybacks) | 7.8% | 3.5% | 5.8% | 4.4% | 3.7% | 4.7% | 4.4% | 3.7% | 2.0% | 3.1% |
| Share price at fiscal year-end | $118.46 | $106.45 | $85.65 | $103.79 | $105.49 | $68.48 | $87.40 | $73.33 | $92.32 | $83.04 |
| Per share | ||||||||||
| Revenue per share | $54.59 | $52.74 | $46.38 | $29.75 | $26.67 | $29.33 | $30.60 | $27.02 | $24.74 | $22.13 |
| Earnings per share | $9.49 | $8.21 | $8.08 | $7.74 | $9.01 | $6.23 | $7.07 | $6.69 | $5.16 | $3.57 |
| Operating cash flow per share | $12.14 | $22.44 | $1.01 | $76.21 | −$53.83 | −$5.96 | −$6.69 | −$8.28 | $3.32 | −$1.41 |
| Free cash flow per share | $12.14 | $19.75 | −$1.52 | $76.21 | −$53.83 | −$5.96 | −$6.69 | $1.89 | −$0.55 | −$7.97 |
| Cash per share | $115.75 | $224.12 | $207.69 | $191.86 | $233.19 | $203.76 | $176.95 | $150.02 | $164.16 | $172.15 |
| Book value per share | $97.16 | $87.04 | $78.33 | $69.74 | $78.26 | $75.76 | $68.70 | $66.65 | $54.29 | $50.75 |
| Tangible book value per share | $79.44 | $64.61 | $57.03 | $48.93 | $59.31 | $57.68 | $49.27 | $45.00 | $43.04 | $39.35 |
| Dividends per share | $2.42 | $2.24 | $2.18 | $2.14 | $2.10 | $2.07 | $2.03 | $1.91 | $1.79 | $1.74 |
| Capex per share | $2.70 | $2.69 | $2.53 | $3.20 | $2.98 | $2.02 | $5.43 | $5.18 | $3.87 | $3.07 |
| Debt per share | $76.07 | $69.87 | $136.41 | $185.08 | $40.98 | $60.14 | $189.50 | $208.47 | $172.01 | $172.00 |
| Shares outstanding | 60.9M | 63.7M | 65.7M | 67.2M | 68.6M | 69.8M | 70.8M | 66.7M | 64.8M | 65.1M |
| Change in shares outstanding | −4.4% | −2.9% | −2.3% | −2.0% | −1.8% | −1.4% | +6.2% | +2.9% | −0.5% | −3.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.1% | 9.8% | 10.8% | 10.3% | 11.6% | 8.6% | 10.8% | 11.2% | 9.8% | 7.1% |
| Return on invested capital (ROIC) | — | — | 22.6% | — | — | — | 7.1% | 7.2% | 9.2% | 6.3% |
| Return on assets (ROA) | 1.1% | 1.1% | 1.1% | 1.1% | 1.3% | 1.0% | 1.2% | 1.3% | 1.0% | 0.7% |
| Return on tangible assets | 1.1% | 1.1% | 1.1% | 1.1% | 1.3% | 1.0% | 1.2% | 1.2% | 1.1% | 0.7% |
| Free cash flow margin | 22.2% | 37.4% | −3.3% | 256.2% | −201.9% | −20.3% | −21.9% | 7.0% | −2.2% | −36.0% |
| Income quality (OCF / net income) | 1.28 | 2.73 | 0.12 | 9.85 | −5.97 | −0.96 | −0.95 | −1.24 | 0.64 | −0.40 |
| Financial health | ||||||||||
| Total debt | $4.63B | $4.45B | $8.96B | $12.44B | $2.81B | $4.20B | $13.42B | $13.90B | $11.15B | $11.20B |
| Cash & short-term investments | $7.05B | $14.29B | $13.63B | $12.90B | $16.00B | $14.23B | $12.53B | $10.00B | $10.64B | $11.21B |
| Net debt | −$2.42B | −$9.83B | −$4.68B | −$456.0M | −$13.18B | −$10.03B | $888.9M | $3.90B | $508.5M | −$9.5M |
| Debt / equity | 0.78 | 0.80 | 1.74 | 2.65 | 0.52 | 0.79 | 2.76 | 3.13 | 3.17 | 3.39 |
| Debt / assets | 0.09 | 0.09 | 0.18 | 0.26 | 0.06 | 0.09 | 0.32 | 0.37 | 0.35 | 0.34 |
| Net debt / EBITDA | −2.94 | −12.74 | −5.90 | −0.59 | −14.67 | −15.13 | 1.22 | 6.22 | 0.89 | −0.02 |
| Current ratio | 0.17 | 0.37 | 0.40 | 29.71 | 37.52 | 6.56 | 31.16 | 71.82 | 35.30 | 78.29 |
| Quick ratio | 0.17 | 0.37 | 0.63 | 43.63 | 65.83 | 9.39 | 40.56 | 71.77 | 45.82 | 102.43 |
| Interest coverage | 0.6 | 0.5 | 0.6 | 3.7 | 12.9 | 3.5 | 1.5 | 2.3 | 4.0 | 4.1 |
| Working capital | −$37.55B | −$25.28B | −$21.15B | $12.76B | $15.84B | $12.32B | $13.34B | $24.73B | $10.84B | $11.84B |
| Invested capital | $3.50B | −$4.28B | $462.9M | $4.23B | −$7.82B | −$4.74B | $5.75B | $8.34B | $4.03B | $3.30B |
| Tangible asset value | $4.84B | $4.12B | $3.75B | $3.29B | $4.07B | $4.03B | $3.49B | $3.00B | $2.79B | $2.56B |
| Net current asset value | −$38.82B | −$29.56B | −$30.33B | −$29.90B | −$28.61B | −$26.84B | −$23.53B | −$8.50B | −$17.60B | −$17.47B |
| Graham number | $144.02 | $126.83 | $119.36 | $110.21 | $125.97 | $103.04 | $104.56 | $100.13 | $79.42 | $63.86 |
| Graham net-net per share | −$640.21 | −$464.89 | −$525.41 | −$492.04 | −$507.56 | −$430.40 | −$366.06 | −$347.46 | −$299.19 | −$299.59 |
| Capital allocation | ||||||||||
| Dividends paid | $147.5M | $143.0M | $143.4M | $143.8M | $144.1M | $144.4M | $143.5M | $127.2M | $116.0M | $113.5M |
| Share buybacks (net) | $413.2M | $93.6M | $181.8M | $159.8M | $122.8M | $80.8M | $129.5M | $53.6M | $3.0M | $54.3M |
| Dividend payout ratio | 25.5% | 27.3% | 27.0% | 27.6% | 23.3% | 33.2% | 28.7% | 28.5% | 34.7% | 48.8% |
| Dividends + buybacks / free cash flow | 75.8% | 18.8% | — | 5.9% | — | — | — | 143.4% | — | — |
| Capex / revenue | 4.9% | 5.1% | 5.4% | 10.8% | 11.2% | 6.9% | 17.8% | 19.2% | 15.6% | 13.9% |
| Capex / operating cash flow | 22.2% | 12.0% | 250.7% | 4.2% | — | — | — | — | 116.7% | — |
| Capex / depreciation | 1.49 | 1.63 | 1.51 | 2.00 | 1.99 | 1.43 | 4.03 | 5.67 | 4.60 | 4.25 |
| Stock-based compensation / revenue | 0.7% | 0.7% | 0.5% | 0.6% | 0.5% | 0.8% | 0.7% | 0.2% | 1.5% | 0.7% |
| SG&A / revenue | 27.8% | 26.2% | 28.7% | 35.8% | 39.8% | 36.0% | 33.9% | 36.3% | 39.8% | 43.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 35.2 | 54.1 | 60.8 | 53.3 | 58.6 | 139.0 | 151.1 | 107.4 | 147.8 | 124.5 |
| Days of inventory on hand | — | — | -2,313.3 | -15,990.3 | 88,919.2 | -4,974.0 | -1,630.7 | -2,401.0 | -10,337.4 | -4,558.3 |
| Days payables outstanding | 111.3 | 87.4 | 128.1 | 760.5 | -4,861.5 | 487.5 | 311.9 | 482.7 | 690.4 | 359.9 |
| Cash conversion cycle (days) | -76.1 | -33.3 | -2,380.5 | -16,697.4 | 93,839.2 | -5,322.5 | -1,791.5 | -2,776.2 | -10,880.0 | -4,793.7 |
| Receivables turnover | 10.38 | 6.75 | 6.00 | 6.85 | 6.23 | 2.63 | 2.42 | 3.40 | 2.47 | 2.93 |
| Payables turnover | 3.28 | 4.18 | 2.85 | 0.48 | −0.08 | 0.75 | 1.17 | 0.76 | 0.53 | 1.01 |
| Asset turnover | 0.07 | 0.07 | 0.06 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| Average receivables | $320.5M | $497.9M | $507.3M | $292.0M | $293.7M | $780.2M | $896.8M | $530.1M | $649.5M | $491.9M |
| Average payables | $367.6M | $345.7M | $391.7M | $439.0M | $507.5M | $511.8M | $395.7M | $332.6M | $234.7M | $144.8M |
| Average inventory | — | — | −$7.07B | −$9.23B | −$9.28B | −$5.22B | −$2.07B | −$1.65B | −$3.51B | −$1.83B |
| Intangibles / total assets | 2.1% | 2.9% | 2.8% | 2.9% | 2.6% | 2.7% | 3.3% | 3.8% | 2.3% | 2.3% |
Computed from BOKF's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BOKF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), BOK Financial traded at 12.5 times earnings, against a 10-year median of 12.4. Based on the latest twelve months, the trailing P/E is 11.8 and the forward P/E is 12.1. BOK Financial earned a return on equity of 10.1% in fiscal 2025. It ended the year with $4.6 billion of debt and $7.1 billion in cash and short-term investments, a net cash position of $2.4 billion. It returned $560.7 million to shareholders: $147.5 million in dividends and $413.2 million in share buybacks, 76% of free cash flow. The share count fell 6.5% from 65.1M to 60.9M over 9 years.
See the BOKF income statement, the BOKF chart for price history, or the BOKF stock overview for the latest quote and news.
BOKF key metrics FAQ
What is BOK Financial's P/E ratio?
BOK Financial's trailing P/E ratio is 11.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.1. At the end of fiscal 2025 it was 12.5, compared with a 10-year median of 12.4.
What is BOK Financial's EV/EBITDA?
BOK Financial's enterprise value was 5.8 times EBITDA at the end of fiscal 2025 (enterprise value $4.8 billion, EBITDA $821.4 million).
What is BOK Financial's return on equity?
BOK Financial's return on equity (ROE) was 10.1% in fiscal 2025: net income of $578.0 million on average shareholders' equity of $5.7 billion.
How much debt does BOK Financial have?
BOK Financial had total debt of $4.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.78 and more cash than debt.
What is BOK Financial's dividend yield?
BOK Financial's forward dividend yield is 2.02%. BOK Financial paid $147.5 million in dividends in fiscal 2025 ($2.42 per share), a payout ratio of 25.5%.
Does BOK Financial buy back its shares?
Yes. BOK Financial spent $413.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.4% over the year, to 60.9M..
What is BOK Financial's free cash flow yield?
BOK Financial generated $739.6 million of free cash flow in fiscal 2025, a free cash flow yield of 10.2% on its market value at year-end ($7.2 billion).
What is BOK Financial's current ratio?
BOK Financial's current ratio was 0.17 at the end of fiscal 2025: current assets were 0.17 times current liabilities.