eToro Group Ltd. (ETOR) Key Metrics
ETOR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.94B
- Enterprise value
- $983.3M
- P/E (TTM)
- 9.0
- Forward P/E
- 7.7
- PEG ratio
- —
- Price / sales
- 0.2
- Price / book
- 1.6
- EV / EBITDA
- 2.7
- Dividend yield
- —
- Beta
- —
ETOR key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsETOR returns How much profit the business earns on the capital it uses.
ETOR per-share figures Results divided by the shares outstanding at year-end.
ETOR financial health Debt, liquidity and how easily interest is covered.
ETOR efficiency & capital use Working capital cycle and where the cash goes.
ETOR valuation history
ETOR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ETOR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ETOR cash returned to shareholders
ETOR price vs earnings per share
ETOR key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $3.34B | — | — | — | — | — |
| Enterprise value | $2.17B | — | — | — | — | — |
| P/E ratio | 15.5 | — | — | — | — | — |
| Price / sales | 0.2 | — | — | — | — | — |
| Price / book | 2.4 | — | — | — | — | — |
| Price / free cash flow | 13.0 | — | — | — | — | — |
| Price / operating cash flow | 12.7 | — | — | — | — | — |
| EV / sales | 0.2 | — | — | — | — | — |
| EV / EBITDA | 7.1 | — | — | — | — | — |
| EV / free cash flow | 8.4 | — | — | — | — | — |
| Earnings yield | 6.5% | — | — | — | — | — |
| Free cash flow yield | 7.7% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.8% | — | — | — | — | — |
| Share price at fiscal year-end | $35.13 | — | — | — | — | — |
| Per share | ||||||
| Revenue per share | $145.15 | $154.11 | $181.68 | $337.30 | $54.01 | $31.43 |
| Earnings per share | $2.27 | $2.35 | $0.72 | −$11.45 | −$15.18 | $4.73 |
| Operating cash flow per share | $2.76 | $3.28 | $5.24 | $18.48 | — | −$3.46 |
| Free cash flow per share | $2.71 | $3.25 | $5.22 | $18.26 | — | −$3.62 |
| Cash per share | $13.41 | $44.32 | $18.20 | $19.12 | $14.83 | $80.22 |
| Book value per share | $14.66 | $10.16 | $28.01 | $27.46 | $33.21 | $22.06 |
| Tangible book value per share | $14.01 | $9.60 | $26.57 | $25.68 | $32.86 | $21.68 |
| Dividends per share | — | — | — | — | — | $0.00 |
| Capex per share | $0.05 | $0.03 | $0.02 | $0.23 | $0.00 | $0.16 |
| Debt per share | $1.08 | $0.59 | $1.71 | $2.44 | — | $1.40 |
| Shares outstanding | 95.1M | 81.9M | 21.3M | 18.8M | 17.5M | 17.5M |
| Change in shares outstanding | +16.1% | +284.0% | +13.6% | +7.2% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 19.4% | 26.9% | 2.7% | −39.2% | −54.9% | 21.5% |
| Return on invested capital (ROIC) | — | — | 11.5% | −56.5% | — | — |
| Return on assets (ROA) | 14.5% | 19.3% | 1.0% | −12.2% | −31.9% | 15.6% |
| Return on tangible assets | 12.5% | 16.8% | 2.0% | −9.1% | −23.5% | 15.8% |
| Free cash flow margin | 1.9% | 2.1% | 2.9% | 5.4% | — | −11.5% |
| Income quality (OCF / net income) | 1.22 | 1.40 | 7.33 | — | — | −0.73 |
| Financial health | ||||||
| Total debt | $102.9M | $48.3M | $36.5M | $45.9M | — | $24.4M |
| Cash & short-term investments | $1.28B | $3.63B | $388.3M | $359.0M | $259.6M | $1.40B |
| Net debt | −$1.17B | −$3.58B | −$351.9M | −$313.1M | −$259.6M | −$1.38B |
| Debt / equity | 0.07 | 0.06 | 0.06 | 0.09 | — | 0.06 |
| Debt / assets | 0.06 | 0.04 | 0.05 | 0.02 | — | 0.05 |
| Net debt / EBITDA | −3.81 | −12.10 | −5.16 | — | — | −14.82 |
| Current ratio | 217.88 | 3.52 | 4.31 | 1.25 | — | 4.07 |
| Quick ratio | 217.88 | 3.52 | 4.31 | 1.25 | — | 4.07 |
| Interest coverage | 6.6 | 6.9 | 1.7 | -8.1 | — | 59.1 |
| Working capital | $1.30B | $769.8M | $546.3M | $458.8M | — | $374.9M |
| Invested capital | $221.9M | −$2.75B | $245.7M | $202.3M | $321.8M | −$993.7M |
| Tangible asset value | $1.33B | $786.0M | $566.7M | $482.1M | $575.2M | $379.6M |
| Net current asset value | $905.7M | $716.3M | $508.5M | $418.0M | — | $351.6M |
| Graham number | $27.35 | $23.17 | $21.23 | — | — | $48.47 |
| Graham net-net per share | $9.45 | $40.67 | $10.07 | −$79.11 | −$16.79 | $77.58 |
| Capital allocation | ||||||
| Dividends paid | — | — | — | — | — | $0 |
| Share buybacks (net) | $59.5M | $0 | $2.6M | $0 | — | — |
| Dividend payout ratio | — | — | — | — | — | 0.0% |
| Dividends + buybacks / free cash flow | 23.1% | 0.0% | 2.4% | 0.0% | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.5% |
| Capex / operating cash flow | 1.8% | 0.9% | 0.4% | 1.2% | — | — |
| Capex / depreciation | 0.38 | 0.21 | 0.03 | 0.33 | — | 0.48 |
| Stock-based compensation / revenue | 0.1% | 0.2% | 1.7% | 2.0% | 22.2% | 0.9% |
| R&D / revenue | 1.1% | 1.0% | 3.3% | 2.4% | 15.4% | 11.8% |
| SG&A / revenue | 2.3% | 2.1% | 5.6% | 6.1% | 53.6% | 59.9% |
| Efficiency | ||||||
| Days sales outstanding | 1.4 | 1.7 | 4.4 | 3.2 | — | 87.6 |
| Days payables outstanding | 0.1 | 0.1 | 0.5 | 0.5 | — | 26.9 |
| Cash conversion cycle (days) | 1.3 | 1.6 | 3.9 | 2.6 | — | 60.7 |
| Receivables turnover | 257.13 | 211.65 | 82.99 | 115.80 | — | 4.17 |
| Payables turnover | 3,022.24 | 4,380.48 | 703.09 | 692.59 | — | 13.55 |
| Asset turnover | 9.26 | 12.68 | 2.42 | 3.58 | 1.13 | 1.04 |
| Average receivables | $53.7M | $59.6M | $46.7M | $54.7M | — | $132.0M |
| Average payables | $4.3M | $2.7M | $4.9M | $8.6M | — | $4.8M |
| Intangibles / total assets | 3.5% | 3.9% | 3.9% | 1.4% | 0.5% | 1.2% |
Computed from ETOR's annual financial statements (latest annual report filed March 2, 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.
ETOR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), eToro traded at 15.5 times earnings. Based on the latest twelve months, the trailing P/E is 9.0 and the forward P/E is 7.7. eToro earned a return on equity of 19.4% in fiscal 2025. It ended the year with $102.9 million of debt and $1.3 billion in cash and short-term investments, a net cash position of $1.2 billion. It returned $59.5 million to shareholders: $0 in dividends and $59.5 million in share buybacks, 23% of free cash flow. The share count rose 443.5% from 17.5M to 95.1M over 5 years.
See the ETOR income statement, the ETOR chart for price history, or the ETOR stock overview for the latest quote and news.
ETOR key metrics FAQ
What is eToro's P/E ratio?
eToro's trailing P/E ratio is 9.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.7. At the end of fiscal 2025 it was 15.5.
What is eToro's EV/EBITDA?
eToro's enterprise value was 7.1 times EBITDA at the end of fiscal 2025 (enterprise value $2.2 billion, EBITDA $307.4 million); the current EV/EBITDA is 2.7.
What is eToro's return on equity?
eToro's return on equity (ROE) was 19.4% in fiscal 2025: net income of $215.7 million on average shareholders' equity of $1.1 billion.
How much debt does eToro have?
eToro had total debt of $102.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.07 and more cash than debt.
Does eToro buy back its shares?
Yes. eToro spent $59.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +16.1% over the year, to 95.1M..
What is eToro's free cash flow yield?
eToro generated $257.7 million of free cash flow in fiscal 2025, a free cash flow yield of 7.7% on its market value at year-end ($3.3 billion).
What is eToro's current ratio?
eToro's current ratio was 217.88 at the end of fiscal 2025: current assets were 217.88 times current liabilities.