TFS Financial Corporation (TFSL) Key Metrics
TFSL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.58B
- Enterprise value
- $9.83B
- P/E (TTM)
- 45.4 10-yr median 48.9
- Forward P/E
- 76.9
- PEG ratio
- 72.62
- Price / sales
- 13.2 10-yr median 9.5
- Price / book
- 2.4 10-yr median 2.4
- EV / EBITDA
- — 10-yr median 57.8
- Dividend yield
- 7.78% $1.27 a year
- Beta
- 0.73
TFSL key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsTFSL valuation Price multiples at each fiscal year-end price.
TFSL returns How much profit the business earns on the capital it uses.
TFSL per-share figures Results divided by the shares outstanding at year-end.
TFSL financial health Debt, liquidity and how easily interest is covered.
TFSL efficiency & capital use Working capital cycle and where the cash goes.
TFSL valuation history
TFSL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TFSL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TFSL cash returned to shareholders
TFSL price vs earnings per share
TFSL key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.69B | $3.59B | $3.29B | $3.62B | $5.31B | $4.08B | $5.00B | $4.16B | $4.50B | $5.05B |
| Enterprise value | $8.10B | $7.42B | $7.62B | $7.62B | $7.53B | $6.70B | $8.11B | $7.11B | $7.41B | $7.07B |
| P/E ratio | 40.5 | 45.1 | 43.8 | 48.6 | 65.5 | 49.0 | 62.3 | 48.7 | 50.7 | 62.7 |
| Price / sales | 4.7 | 4.7 | 10.8 | 8.4 | 11.9 | 8.0 | 9.9 | 9.0 | 10.5 | 12.2 |
| Price / book | 1.9 | 1.9 | 1.7 | 2.0 | 3.1 | 2.4 | 2.9 | 2.4 | 2.7 | 3.0 |
| Price / free cash flow | 52.0 | 42.0 | 70.7 | 100.0 | 64.9 | 34.4 | 50.4 | 49.7 | 46.4 | 66.7 |
| Price / operating cash flow | 44.7 | 40.5 | 70.7 | 93.1 | 63.9 | 33.5 | 48.5 | 45.2 | 44.5 | 59.5 |
| EV / sales | 10.2 | 9.8 | 25.0 | 17.6 | 16.9 | 13.2 | 16.1 | 15.3 | 17.3 | 17.1 |
| EV / EBITDA | 58.8 | 62.2 | 81.6 | 64.0 | 56.8 | 50.3 | 64.8 | 48.6 | 48.0 | 49.9 |
| EV / free cash flow | 114.2 | 86.8 | 163.7 | 210.3 | 92.1 | 56.5 | 81.7 | 84.9 | 76.3 | 93.3 |
| Earnings yield | 2.5% | 2.2% | 2.3% | 2.1% | 1.5% | 2.0% | 1.6% | 2.1% | 2.0% | 1.6% |
| Free cash flow yield | 1.9% | 2.4% | 1.4% | 1.0% | 1.5% | 2.9% | 2.0% | 2.0% | 2.2% | 1.5% |
| Dividend yield | 1.6% | 1.6% | 1.8% | 1.6% | 1.1% | 1.4% | 1.0% | 0.9% | 0.6% | 0.5% |
| Shareholder yield (dividends + buybacks) | 1.7% | 1.7% | 1.9% | 1.8% | 1.1% | 1.4% | 1.2% | 1.4% | 1.8% | 3.0% |
| Share price at fiscal year-end | $13.18 | $12.86 | $11.82 | $13.00 | $19.06 | $14.69 | $18.02 | $15.01 | $16.13 | $17.81 |
| Per share | ||||||||||
| Revenue per share | $2.83 | $2.72 | $1.09 | $1.55 | $1.60 | $1.83 | $1.81 | $1.68 | $1.54 | $1.46 |
| Earnings per share | $0.33 | $0.29 | $0.27 | $0.27 | $0.29 | $0.30 | $0.29 | $0.31 | $0.32 | $0.28 |
| Operating cash flow per share | $0.29 | $0.32 | $0.17 | $0.14 | $0.30 | $0.44 | $0.37 | $0.33 | $0.36 | $0.30 |
| Free cash flow per share | $0.25 | $0.31 | $0.17 | $0.13 | $0.29 | $0.43 | $0.36 | $0.30 | $0.35 | $0.27 |
| Cash per share | $1.73 | $3.55 | $3.50 | $2.97 | $3.27 | $3.42 | $2.97 | $2.89 | $2.89 | $2.64 |
| Book value per share | $6.77 | $6.67 | $6.92 | $6.62 | $6.22 | $6.02 | $6.12 | $6.34 | $6.05 | $5.85 |
| Tangible book value per share | $6.70 | $6.61 | $6.86 | $6.55 | $6.15 | $5.95 | $6.05 | $6.27 | $5.99 | $5.79 |
| Dividends per share | $0.21 | $0.21 | $0.21 | $0.21 | $0.20 | $0.20 | $0.18 | $0.14 | $0.10 | $0.08 |
| Capex per share | $0.04 | $0.01 | $0.02 | $0.01 | $0.00 | $0.01 | $0.01 | $0.03 | $0.01 | $0.03 |
| Debt per share | $17.52 | $17.27 | $19.04 | $17.31 | $11.25 | $12.84 | $14.19 | $13.53 | $13.27 | $9.75 |
| Shares outstanding | 279.8M | 279.1M | 278.6M | 278.7M | 278.6M | 277.8M | 277.4M | 277.3M | 279.3M | 283.8M |
| Change in shares outstanding | +0.2% | +0.2% | −0.0% | +0.0% | +0.3% | +0.2% | +0.0% | −0.7% | −1.6% | −2.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 4.8% | 4.2% | 4.0% | 4.2% | 4.8% | 4.9% | 4.6% | 5.0% | 5.3% | 4.8% |
| Return on invested capital (ROIC) | 1.5% | 1.3% | 1.2% | 1.5% | 2.0% | 1.8% | 1.7% | 1.8% | 2.1% | 2.3% |
| Return on assets (ROA) | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | 0.6% | 0.6% | 0.6% | 0.7% | 0.6% |
| Return on tangible assets | 0.5% | 0.5% | 0.4% | 0.5% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% |
| Free cash flow margin | 9.0% | 11.3% | 15.3% | 8.4% | 18.4% | 23.3% | 19.7% | 18.0% | 22.6% | 18.3% |
| Income quality (OCF / net income) | 0.91 | 1.11 | 0.62 | 0.52 | 1.03 | 1.46 | 1.28 | 1.08 | 1.14 | 1.05 |
| Financial health | ||||||||||
| Total debt | $4.90B | $4.82B | $5.30B | $4.82B | $3.13B | $3.57B | $3.94B | $3.75B | $3.71B | $2.77B |
| Cash & short-term investments | $483.5M | $990.0M | $975.1M | $827.5M | $910.1M | $951.5M | $823.0M | $801.7M | $805.7M | $749.1M |
| Net debt | $4.42B | $3.83B | $4.33B | $4.00B | $2.22B | $2.62B | $3.11B | $2.95B | $2.90B | $2.02B |
| Debt / equity | 2.59 | 2.59 | 2.75 | 2.62 | 1.81 | 2.13 | 2.32 | 2.13 | 2.19 | 1.67 |
| Debt / assets | 0.28 | 0.28 | 0.31 | 0.31 | 0.22 | 0.24 | 0.27 | 0.27 | 0.27 | 0.21 |
| Net debt / EBITDA | 32.06 | 32.10 | 46.36 | 33.55 | 16.76 | 19.66 | 24.87 | 20.17 | 18.81 | 14.25 |
| Current ratio | 0.05 | 0.10 | 0.11 | 0.10 | 0.10 | 0.11 | 0.10 | 0.10 | 0.10 | 0.09 |
| Quick ratio | 0.05 | 0.10 | 0.16 | 0.14 | 0.16 | 0.16 | 0.13 | 0.10 | 0.10 | 0.09 |
| Interest coverage | 0.2 | 0.2 | 0.3 | 0.6 | 0.6 | 0.5 | 0.5 | 0.7 | 1.0 | 1.0 |
| Working capital | −$9.90B | −$9.15B | −$8.42B | −$8.14B | −$8.14B | −$8.30B | −$7.94B | −$7.68B | −$7.35B | −$7.60B |
| Invested capital | $6.31B | $5.69B | $6.26B | $5.84B | $3.96B | $4.29B | $4.81B | $4.71B | $4.59B | $3.68B |
| Tangible asset value | $1.88B | $1.85B | $1.91B | $1.83B | $1.71B | $1.65B | $1.68B | $1.74B | $1.67B | $1.63B |
| Net current asset value | −$15.02B | −$14.18B | −$13.96B | −$13.08B | −$11.38B | −$11.98B | −$11.98B | −$11.54B | −$11.16B | −$10.47B |
| Graham number | $7.04 | $6.54 | $6.48 | $6.31 | $6.38 | $6.37 | $6.31 | $6.63 | $6.58 | $6.11 |
| Graham net-net per share | −$53.73 | −$50.85 | −$51.10 | −$47.70 | −$41.83 | −$44.13 | −$43.81 | −$41.64 | −$39.99 | −$36.92 |
| Capital allocation | ||||||||||
| Dividends paid | $59.5M | $59.0M | $58.3M | $58.3M | $56.6M | $55.5M | $50.5M | $37.6M | $27.7M | $23.4M |
| Share buybacks (net) | $4.0M | $1.9M | $5.9M | $6.3M | $0 | $413,000 | $9.1M | $19.7M | $54.0M | $128.4M |
| Dividend payout ratio | 65.5% | 74.1% | 77.5% | 78.2% | 69.9% | 66.6% | 62.9% | 44.1% | 31.2% | 29.1% |
| Dividends + buybacks / free cash flow | 89.5% | 71.2% | 137.8% | 178.3% | 69.2% | 47.1% | 60.0% | 68.5% | 84.3% | 200.3% |
| Capex / revenue | 1.4% | 0.4% | 1.7% | 0.6% | 0.3% | 0.6% | 0.8% | 1.8% | 1.0% | 2.2% |
| Capex / operating cash flow | 13.9% | 3.5% | 11.3% | 6.9% | 1.6% | 2.6% | 3.7% | 9.1% | 4.1% | 10.7% |
| Capex / depreciation | 0.50 | 0.16 | 0.27 | 0.10 | 0.04 | 0.10 | 0.16 | 0.33 | 0.20 | 0.47 |
| Stock-based compensation / revenue | 1.2% | 1.3% | 0.6% | 2.5% | 3.1% | 2.4% | 2.3% | 2.4% | 2.6% | 3.3% |
| SG&A / revenue | 17.4% | 18.7% | 41.4% | 32.3% | 30.8% | 25.8% | 26.6% | 28.4% | 29.0% | 29.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 28.1 | 27.3 | 56.3 | 30.1 | 27.8 | 27.8 | 28.9 | 29.1 | 29.1 | 28.8 |
| Days of inventory on hand | — | — | -521.0 | -1,188.3 | -1,294.1 | -720.6 | -278.5 | 10.0 | 19.9 | 40.3 |
| Days payables outstanding | 14.6 | 13.5 | 7.0 | 5.2 | 6.0 | 5.7 | 6.6 | 6.9 | 6.3 | 6.3 |
| Cash conversion cycle (days) | 13.5 | 13.8 | -471.7 | -1,163.5 | -1,272.3 | -698.5 | -256.2 | 32.3 | 42.7 | 62.9 |
| Receivables turnover | 12.99 | 13.39 | 6.48 | 12.14 | 13.13 | 13.13 | 12.64 | 12.53 | 12.56 | 12.66 |
| Payables turnover | 24.96 | 27.07 | 51.89 | 69.91 | 60.46 | 63.72 | 55.59 | 53.06 | 58.01 | 58.29 |
| Inventory turnover | — | — | — | — | — | — | — | 36.34 | 18.35 | 9.06 |
| Asset turnover | 0.05 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 |
| Average receivables | $61.0M | $56.7M | $47.1M | $35.7M | $33.9M | $38.7M | $39.8M | $37.1M | $34.1M | $32.7M |
| Average payables | $19.0M | $16.8M | $6.3M | $2.0M | $2.5M | $3.4M | $3.7M | $2.8M | $1.9M | $1.9M |
| Average inventory | — | — | −$466.6M | −$465.4M | −$527.3M | −$426.5M | −$157.7M | $4.2M | $6.2M | $12.1M |
| Intangibles / total assets | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
Computed from TFSL's annual financial statements (latest annual report filed November 25, 2025) 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.
TFSL valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), TFS Financial traded at 40.5 times earnings, against a 10-year median of 48.9. Based on the latest twelve months, the trailing P/E is 45.4 and the forward P/E is 76.9. TFS Financial earned a return on equity of 4.8% and a return on invested capital of 1.5% in fiscal 2025. It ended the year with $4.9 billion of debt and $483.5 million in cash and short-term investments, net debt of $4.4 billion. It returned $63.5 million to shareholders: $59.5 million in dividends and $4.0 million in share buybacks, 89% of free cash flow.
See the TFSL income statement, the TFSL chart for price history, or the TFSL stock overview for the latest quote and news.
TFSL key metrics FAQ
What is TFS Financial's P/E ratio?
TFS Financial's trailing P/E ratio is 45.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 76.9. At the end of fiscal 2025 it was 40.5, compared with a 10-year median of 48.9.
What is TFS Financial's EV/EBITDA?
TFS Financial's enterprise value was 58.8 times EBITDA at the end of fiscal 2025 (enterprise value $8.1 billion, EBITDA $137.8 million).
What is TFS Financial's return on equity?
TFS Financial's return on equity (ROE) was 4.8% in fiscal 2025: net income of $91.0 million on average shareholders' equity of $1.9 billion.
What is TFS Financial's ROIC?
TFS Financial's return on invested capital was 1.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TFS Financial have?
TFS Financial had total debt of $4.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.59 and $4.4 billion of net debt (32.06 times EBITDA).
What is TFS Financial's dividend yield?
TFS Financial's forward dividend yield is 7.78%. TFS Financial paid $59.5 million in dividends in fiscal 2025 ($0.21 per share), a payout ratio of 65.5%.
Does TFS Financial buy back its shares?
Yes. TFS Financial spent $4.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.2% over the year, to 279.8M..
What is TFS Financial's free cash flow yield?
TFS Financial generated $71.0 million of free cash flow in fiscal 2025, a free cash flow yield of 1.9% on its market value at year-end ($3.7 billion).
What is TFS Financial's current ratio?
TFS Financial's current ratio was 0.05 at the end of fiscal 2025: current assets were 0.05 times current liabilities.