Provident Financial Services, Inc. (PFS) Key Metrics
PFS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.90B
- Enterprise value
- $5.55B
- P/E (TTM)
- 9.3 10-yr median 13.1
- Forward P/E
- 9.0
- PEG ratio
- 1.61
- Price / sales
- 3.2 10-yr median 3.3
- Price / book
- 1.0 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 9.4
- Dividend yield
- 4.32% $0.96 a year
- Beta
- 0.82
PFS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPFS valuation Price multiples at each fiscal year-end price.
PFS returns How much profit the business earns on the capital it uses.
PFS per-share figures Results divided by the shares outstanding at year-end.
PFS financial health Debt, liquidity and how easily interest is covered.
PFS efficiency & capital use Working capital cycle and where the cash goes.
PFS valuation history
PFS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PFS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PFS cash returned to shareholders
PFS price vs earnings per share
PFS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.58B | $2.07B | $1.35B | $1.60B | $1.85B | $1.25B | $1.60B | $1.57B | $1.74B | $1.81B |
| Enterprise value | $1.72B | $1.52B | $1.01B | $1.84B | $164.1M | $1.68B | $2.41B | $2.81B | $3.23B | $2.81B |
| P/E ratio | 8.9 | 17.9 | 10.5 | 9.1 | 11.0 | 12.9 | 14.2 | 13.3 | 18.5 | 20.6 |
| Price / sales | 1.9 | 1.8 | 1.9 | 2.9 | 3.8 | 2.9 | 3.7 | 3.8 | 4.6 | 5.1 |
| Price / book | 0.9 | 0.8 | 0.8 | 1.0 | 0.1 | 0.1 | 0.2 | 1.2 | 1.3 | 1.4 |
| Price / free cash flow | 6.0 | 4.9 | 8.1 | 8.4 | 12.8 | 13.3 | 12.1 | 10.3 | 15.3 | 14.8 |
| Price / operating cash flow | 5.8 | 4.9 | 7.8 | 8.0 | 11.7 | 11.7 | 11.7 | 10.1 | 14.9 | 14.2 |
| EV / sales | 1.2 | 1.3 | 1.5 | 3.3 | 0.3 | 3.8 | 5.5 | 6.7 | 8.5 | 7.9 |
| EV / EBITDA | 3.6 | 7.4 | 5.1 | 7.0 | 0.7 | 11.4 | 14.5 | 18.3 | 21.2 | 20.4 |
| EV / free cash flow | 4.0 | 3.6 | 6.1 | 9.6 | 1.1 | 17.8 | 18.3 | 18.4 | 28.3 | 23.0 |
| Earnings yield | 11.3% | 5.6% | 9.5% | 11.0% | 9.1% | 7.8% | 7.1% | 7.5% | 5.4% | 4.9% |
| Free cash flow yield | 16.7% | 20.5% | 12.3% | 12.0% | 7.8% | 7.5% | 8.3% | 9.7% | 6.5% | 6.8% |
| Dividend yield | 4.9% | 4.9% | 5.4% | 4.5% | 3.9% | 5.3% | 4.6% | 3.4% | 3.4% | 2.5% |
| Shareholder yield (dividends + buybacks) | 4.9% | 4.9% | 5.5% | 7.4% | 5.0% | 7.0% | 5.8% | 4.3% | 3.5% | 2.6% |
| Share price at fiscal year-end | $19.75 | $18.87 | $18.03 | $21.36 | $24.22 | $17.96 | $24.65 | $24.13 | $26.97 | $28.30 |
| Per share | ||||||||||
| Revenue per share | $10.59 | $10.39 | $9.29 | $7.41 | $6.39 | $6.26 | $6.72 | $6.43 | $5.88 | $5.60 |
| Earnings per share | $2.23 | $1.05 | $1.71 | $2.35 | $2.19 | $1.39 | $1.74 | $1.82 | $1.45 | $1.38 |
| Operating cash flow per share | $3.39 | $3.89 | $2.32 | $2.68 | $2.07 | $1.54 | $2.12 | $2.39 | $1.82 | $1.99 |
| Free cash flow per share | $3.30 | $3.87 | $2.22 | $2.55 | $1.89 | $1.35 | $2.04 | $2.34 | $1.77 | $1.92 |
| Cash per share | $25.87 | $27.11 | $24.98 | $26.61 | $36.18 | $23.52 | $17.98 | $18.52 | $19.03 | $18.55 |
| Book value per share | $21.71 | $23.71 | $22.58 | $21.36 | $171.68 | $168.31 | $134.14 | $20.87 | $20.11 | $19.60 |
| Tangible book value per share | $10.93 | $16.24 | $16.46 | $15.20 | $165.62 | $161.61 | $120.89 | $8.13 | $7.23 | $6.53 |
| Dividends per share | $0.96 | $0.92 | $0.97 | $0.96 | $0.93 | $0.95 | $1.12 | $0.82 | $0.93 | $0.71 |
| Capex per share | $0.09 | $0.01 | $0.10 | $0.13 | $0.18 | $0.18 | $0.08 | $0.05 | $0.05 | $0.08 |
| Debt per share | $19.30 | $22.08 | $20.44 | $29.82 | $14.11 | $29.62 | $30.61 | $37.60 | $42.00 | $34.30 |
| Shares outstanding | 130.5M | 109.7M | 74.9M | 74.8M | 76.6M | 69.6M | 64.7M | 65.1M | 64.6M | 63.9M |
| Change in shares outstanding | +19.0% | +46.5% | +0.1% | −2.3% | +10.0% | +7.6% | −0.6% | +0.8% | +1.1% | +1.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.7% | 5.4% | 7.8% | 2.4% | 1.4% | 1.0% | 2.2% | 8.9% | 7.4% | 7.2% |
| Return on invested capital (ROIC) | 14.5% | 6.8% | 8.1% | 2.6% | 1.4% | 0.9% | 1.9% | 4.4% | 3.7% | 3.0% |
| Return on assets (ROA) | 1.2% | 0.6% | 0.9% | 1.3% | 1.3% | 0.9% | 1.2% | 1.2% | 1.0% | 1.0% |
| Return on tangible assets | 1.2% | 0.5% | 0.9% | 1.3% | 1.3% | 0.8% | 1.3% | 1.3% | 1.0% | 1.0% |
| Free cash flow margin | 31.2% | 37.3% | 23.8% | 34.5% | 29.5% | 21.6% | 30.3% | 36.5% | 30.0% | 34.2% |
| Income quality (OCF / net income) | 1.52 | 3.69 | 1.35 | 1.14 | 0.94 | 1.10 | 1.22 | 1.32 | 1.25 | 1.45 |
| Financial health | ||||||||||
| Total debt | $2.52B | $2.42B | $1.53B | $2.23B | $1.08B | $2.06B | $1.98B | $2.45B | $2.71B | $2.19B |
| Cash & short-term investments | $3.38B | $2.97B | $1.87B | $1.99B | $2.77B | $1.64B | $1.16B | $1.21B | $1.23B | $1.18B |
| Net debt | −$857.7M | −$552.8M | −$339.6M | $239.7M | −$1.69B | $424.7M | $817.7M | $1.24B | $1.48B | $1.01B |
| Debt / equity | 0.89 | 0.93 | 0.91 | 1.40 | 0.08 | 0.18 | 0.23 | 1.80 | 2.09 | 1.75 |
| Debt / assets | 0.10 | 0.10 | 0.11 | 0.16 | 0.08 | 0.16 | 0.20 | 0.25 | 0.28 | 0.23 |
| Net debt / EBITDA | −1.81 | −2.71 | −1.72 | 0.91 | −6.77 | 2.88 | 4.93 | 8.07 | 9.75 | 7.31 |
| Current ratio | 0.18 | 0.16 | 0.19 | 0.21 | 0.30 | 0.20 | 0.19 | 1.28 | 1.32 | 1.39 |
| Quick ratio | 0.18 | 0.16 | 0.17 | 0.23 | 0.38 | 0.28 | 0.23 | 1.28 | 1.31 | 1.39 |
| Interest coverage | 0.8 | 0.3 | 0.8 | 4.9 | 6.3 | 2.5 | 2.0 | 2.4 | 3.1 | 2.9 |
| Working capital | −$15.94B | −$15.71B | −$8.47B | −$7.80B | −$6.71B | −$6.60B | −$5.05B | $1.67B | $1.88B | $2.08B |
| Invested capital | $1.98B | $2.05B | $1.35B | $1.84B | $11.45B | $12.14B | $9.50B | $2.60B | $2.78B | $2.26B |
| Tangible asset value | $1.43B | $1.78B | $1.23B | $1.14B | $12.68B | $11.25B | $7.83B | $529.2M | $466.8M | $417.2M |
| Net current asset value | −$18.68B | −$18.38B | −$10.59B | −$10.14B | $2.18B | $483.2M | $67.6M | −$660.5M | −$700.3M | −$783.8M |
| Graham number | $33.01 | $23.70 | $29.52 | $33.60 | $92.05 | $72.62 | $72.47 | $29.22 | $25.66 | $24.63 |
| Graham net-net per share | −$143.28 | −$167.78 | −$140.84 | −$137.58 | $23.12 | $2.44 | −$0.89 | −$109.62 | −$112.92 | −$110.25 |
| Capital allocation | ||||||||||
| Dividends paid | $125.9M | $101.0M | $72.4M | $72.0M | $71.5M | $65.8M | $72.8M | $53.6M | $60.0M | $45.4M |
| Share buybacks (net) | $0 | $1.3M | $1.7M | $46.5M | $20.7M | $21.2M | $19.9M | $13.2M | $443,000 | $1.6M |
| Dividend payout ratio | 43.2% | 87.4% | 56.4% | 41.0% | 42.6% | 67.9% | 64.6% | 45.3% | 63.8% | 51.7% |
| Dividends + buybacks / free cash flow | 29.2% | 24.1% | 44.7% | 62.1% | 63.9% | 92.5% | 70.2% | 43.8% | 53.0% | 38.4% |
| Capex / revenue | 0.8% | 0.1% | 1.1% | 1.7% | 2.8% | 2.9% | 1.1% | 0.8% | 0.9% | 1.4% |
| Capex / operating cash flow | 2.6% | 0.3% | 4.3% | 4.7% | 8.7% | 12.0% | 3.6% | 2.0% | 2.8% | 3.9% |
| Capex / depreciation | 0.18 | 0.02 | 0.34 | 0.40 | 0.61 | 0.64 | 0.26 | 0.31 | 0.28 | 0.39 |
| Stock-based compensation / revenue | 0.8% | 1.1% | 1.6% | 2.5% | 2.0% | 1.8% | 2.6% | 2.6% | 2.6% | 2.1% |
| SG&A / revenue | 19.6% | 20.7% | 23.3% | 28.4% | 31.4% | 31.8% | 28.1% | 28.4% | 30.9% | 32.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 24.7 | 24.0 | 29.1 | 30.9 | 33.0 | 31.6 | 25.4 | 26.7 | 27.3 | 27.0 |
| Days of inventory on hand | — | — | -106.5 | -3,583.2 | -18,825.7 | -1,859.1 | -492.8 | 18.6 | 52.9 | 68.8 |
| Days payables outstanding | — | — | — | 74,170.0 | 285,029.0 | 37,578.2 | 29,362.7 | 29,834.0 | 47,251.8 | 46,332.8 |
| Cash conversion cycle (days) | — | — | — | -77,722.2 | -303,821.7 | -39,405.6 | -29,830.1 | -29,788.7 | -47,171.6 | -46,237.0 |
| Receivables turnover | 14.79 | 15.19 | 12.55 | 11.80 | 11.06 | 11.55 | 14.39 | 13.69 | 13.38 | 13.54 |
| Payables turnover | — | — | — | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | — | 19.66 | 6.90 | 5.30 |
| Asset turnover | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Average receivables | $93.5M | $75.1M | $55.4M | $46.9M | $44.2M | $37.7M | $30.3M | $30.6M | $28.4M | $26.4M |
| Average payables | — | — | — | $10.90B | $10.54B | $8.47B | $6.97B | $6.77B | $6.63B | $6.24B |
| Average inventory | — | — | −$71.3M | −$526.5M | −$695.9M | −$419.0M | −$116.9M | $4.2M | $7.4M | $9.3M |
| Intangibles / total assets | 5.6% | 3.4% | 3.2% | 3.3% | 3.4% | 3.6% | 8.7% | 8.5% | 8.4% | 8.8% |
Computed from PFS's annual financial statements (latest annual report filed February 27, 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.
PFS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Provident Financial Services traded at 8.9 times earnings, against a 10-year median of 13.1. Based on the latest twelve months, the trailing P/E is 9.3 and the forward P/E is 9.0. Provident Financial Services earned a return on equity of 10.7% and a return on invested capital of 14.5% in fiscal 2025. It ended the year with $2.5 billion of debt and $3.4 billion in cash and short-term investments, a net cash position of $857.7 million. It returned $125.9 million to shareholders: $125.9 million in dividends and $0 in share buybacks, 29% of free cash flow. The share count rose 104.4% from 63.9M to 130.5M over 9 years.
See the PFS income statement, the PFS chart for price history, or the PFS stock overview for the latest quote and news.
PFS key metrics FAQ
What is Provident Financial Services's P/E ratio?
Provident Financial Services's trailing P/E ratio is 9.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.0. At the end of fiscal 2025 it was 8.9, compared with a 10-year median of 13.1.
What is Provident Financial Services's EV/EBITDA?
Provident Financial Services's enterprise value was 3.6 times EBITDA at the end of fiscal 2025 (enterprise value $1.7 billion, EBITDA $473.7 million).
What is Provident Financial Services's return on equity?
Provident Financial Services's return on equity (ROE) was 10.7% in fiscal 2025: net income of $291.2 million on average shareholders' equity of $2.7 billion.
What is Provident Financial Services's ROIC?
Provident Financial Services's return on invested capital was 14.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Provident Financial Services have?
Provident Financial Services had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.89 and more cash than debt.
What is Provident Financial Services's dividend yield?
Provident Financial Services's forward dividend yield is 4.32%. Provident Financial Services paid $125.9 million in dividends in fiscal 2025 ($0.96 per share), a payout ratio of 43.2%.
What is Provident Financial Services's free cash flow yield?
Provident Financial Services generated $430.7 million of free cash flow in fiscal 2025, a free cash flow yield of 16.7% on its market value at year-end ($2.6 billion).
What is Provident Financial Services's current ratio?
Provident Financial Services's current ratio was 0.18 at the end of fiscal 2025: current assets were 0.18 times current liabilities.