Valley National Bancorp (VLY) Key Metrics
VLY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.00B
- Enterprise value
- $9.81B
- P/E (TTM)
- 10.7 10-yr median 11.6
- Forward P/E
- 8.4
- PEG ratio
- 1.16
- Price / sales
- 3.5 10-yr median 2.5
- Price / book
- 0.9 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 11.2
- Dividend yield
- 3.48% $0.44 a year
- Beta
- 1.09
VLY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVLY valuation Price multiples at each fiscal year-end price.
VLY returns How much profit the business earns on the capital it uses.
VLY per-share figures Results divided by the shares outstanding at year-end.
VLY financial health Debt, liquidity and how easily interest is covered.
VLY efficiency & capital use Working capital cycle and where the cash goes.
VLY valuation history
VLY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VLY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VLY cash returned to shareholders
VLY price vs earnings per share
VLY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.59B | $4.69B | $5.53B | $5.52B | $5.64B | $3.95B | $3.89B | $2.95B | $2.97B | $2.97B |
| Enterprise value | $9.70B | $6.26B | $7.05B | $5.41B | $4.88B | $5.06B | $5.47B | $4.61B | $4.17B | $3.84B |
| P/E ratio | 11.0 | 12.3 | 11.1 | 9.7 | 11.9 | 10.1 | 12.6 | 11.3 | 18.4 | 17.7 |
| Price / sales | 1.9 | 1.3 | 1.6 | 2.5 | 3.8 | 2.5 | 2.5 | 2.3 | 3.1 | 3.4 |
| Price / book | 0.8 | 0.6 | 0.8 | 0.9 | 1.1 | 0.9 | 0.9 | 0.9 | 1.2 | 1.2 |
| Price / free cash flow | 19.2 | 8.6 | 14.6 | 3.9 | — | 26.1 | — | 9.7 | 4.8 | 7.1 |
| Price / operating cash flow | 19.2 | 8.6 | 14.6 | 3.9 | 6.7 | 26.1 | 2.7 | 9.7 | 4.8 | 7.1 |
| EV / sales | 2.8 | 1.8 | 2.1 | 2.5 | 3.3 | 3.2 | 3.6 | 3.6 | 4.4 | 4.4 |
| EV / EBITDA | 11.9 | 12.1 | 9.3 | 6.3 | 7.1 | 8.3 | 10.4 | 12.3 | 14.5 | 14.3 |
| EV / free cash flow | 28.2 | 11.4 | 18.6 | 3.8 | — | 33.4 | — | 15.2 | 6.7 | 9.2 |
| Earnings yield | 9.1% | 8.1% | 9.0% | 10.3% | 8.4% | 9.9% | 8.0% | 8.8% | 5.4% | 5.7% |
| Free cash flow yield | 5.2% | 11.7% | 6.8% | 25.9% | −4.0% | 3.8% | −25.4% | 10.3% | 20.8% | 14.1% |
| Dividend yield | 4.2% | 5.3% | 4.3% | 4.0% | 3.4% | 4.8% | 4.1% | 5.2% | 4.1% | 4.0% |
| Shareholder yield (dividends + buybacks) | 5.3% | 5.5% | 4.5% | 4.4% | 3.8% | 5.0% | 4.1% | 5.4% | 4.2% | 4.1% |
| Share price at fiscal year-end | $11.68 | $9.06 | $10.86 | $11.31 | $13.75 | $9.75 | $11.45 | $8.88 | $11.22 | $11.64 |
| Per share | ||||||||||
| Revenue per share | $6.19 | $6.90 | $6.58 | $4.48 | $3.63 | $3.87 | $4.51 | $3.89 | $3.57 | $3.41 |
| Earnings per share | $1.06 | $0.73 | $0.98 | $1.17 | $1.16 | $0.96 | $0.91 | $0.79 | $0.61 | $0.66 |
| Operating cash flow per share | $0.61 | $1.06 | $0.74 | $2.93 | $2.04 | $0.37 | $4.30 | $0.91 | $2.34 | $1.64 |
| Free cash flow per share | $0.61 | $1.06 | $0.74 | $2.93 | −$0.55 | $0.37 | −$2.91 | $0.91 | $2.34 | $1.64 |
| Cash per share | $0.56 | $4.10 | $4.30 | $4.53 | $7.75 | $6.59 | $5.88 | $6.55 | $7.21 | $6.62 |
| Book value per share | $13.85 | $14.35 | $13.16 | $13.12 | $12.40 | $11.34 | $12.89 | $10.07 | $9.56 | $9.31 |
| Tangible book value per share | $10.39 | $10.50 | $9.17 | $8.89 | $8.67 | $7.75 | $8.60 | $6.58 | $6.80 | $6.43 |
| Dividends per share | $0.49 | $0.48 | $0.47 | $0.45 | $0.47 | $0.47 | $0.47 | $0.47 | $0.46 | $0.47 |
| Capex per share | $0.00 | $0.03 | $0.15 | $0.26 | $2.59 | $0.06 | $7.21 | $9.85 | $0.07 | $0.08 |
| Debt per share | $6.09 | $7.13 | $7.28 | $4.30 | $5.90 | $9.32 | $10.53 | $11.52 | $11.73 | $10.01 |
| Shares outstanding | 563.8M | 518.0M | 509.2M | 487.8M | 410.0M | 405.0M | 340.1M | 332.7M | 264.9M | 255.3M |
| Change in shares outstanding | +8.8% | +1.7% | +4.4% | +19.0% | +1.2% | +19.1% | +2.2% | +25.6% | +3.8% | +8.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.8% | 5.4% | 7.6% | 9.9% | 9.8% | 8.7% | 8.0% | 8.9% | 6.6% | 7.3% |
| Return on invested capital (ROIC) | 6.0% | 4.4% | 6.9% | 10.7% | 9.5% | 6.7% | 5.6% | 6.0% | 4.6% | 5.2% |
| Return on assets (ROA) | 0.9% | 0.6% | 0.8% | 1.1% | 1.1% | 1.0% | 0.9% | 0.9% | 0.7% | 0.8% |
| Return on tangible assets | 1.0% | 0.6% | 0.8% | 1.0% | 1.1% | 1.0% | 0.9% | 0.9% | 0.7% | 0.8% |
| Free cash flow margin | 9.8% | 15.4% | 11.3% | 65.4% | −15.2% | 9.7% | −64.4% | 23.5% | 65.5% | 48.2% |
| Income quality (OCF / net income) | 0.57 | 1.44 | 0.76 | 2.51 | 1.77 | 0.39 | 4.73 | 1.16 | 3.82 | 2.49 |
| Financial health | ||||||||||
| Total debt | $3.43B | $3.69B | $3.71B | $2.10B | $2.42B | $3.78B | $3.58B | $3.83B | $3.11B | $2.56B |
| Cash & short-term investments | $315.2M | $2.12B | $2.19B | $2.21B | $3.18B | $2.67B | $2.00B | $2.18B | $1.91B | $1.69B |
| Net debt | $3.12B | $1.57B | $1.52B | −$111.9M | −$759.8M | $1.11B | $1.58B | $1.65B | $1.20B | $866.6M |
| Debt / equity | 0.44 | 0.50 | 0.55 | 0.33 | 0.48 | 0.82 | 0.82 | 1.14 | 1.23 | 1.08 |
| Debt / assets | 0.05 | 0.06 | 0.06 | 0.04 | 0.06 | 0.09 | 0.10 | 0.12 | 0.13 | 0.11 |
| Net debt / EBITDA | 3.83 | 3.03 | 2.00 | −0.13 | −1.10 | 1.81 | 2.99 | 4.40 | 4.16 | 3.22 |
| Current ratio | 0.75 | 0.05 | 0.05 | 0.05 | 0.09 | 0.08 | 0.07 | 0.08 | 0.10 | 0.09 |
| Quick ratio | 0.75 | 0.05 | 0.05 | 0.07 | 0.15 | 0.12 | 0.09 | 0.08 | 0.10 | 0.09 |
| Interest coverage | 0.5 | 0.3 | 0.5 | 2.4 | 5.2 | 2.0 | 1.1 | 1.1 | 1.5 | 1.6 |
| Working capital | −$190.2M | −$47.78B | −$49.01B | −$46.70B | −$33.32B | −$30.99B | −$28.81B | −$24.58B | −$17.23B | −$17.42B |
| Invested capital | $10.92B | $9.00B | $8.22B | $6.29B | $4.32B | $5.70B | $5.96B | $5.00B | $3.73B | $3.24B |
| Tangible asset value | $5.86B | $5.44B | $4.67B | $4.33B | $3.55B | $3.14B | $2.92B | $2.19B | $1.80B | $1.64B |
| Net current asset value | −$55.91B | −$52.69B | −$51.80B | −$48.66B | −$35.09B | −$33.32B | −$30.94B | −$26.24B | −$19.49B | −$18.73B |
| Graham number | $18.18 | $15.40 | $17.02 | $18.55 | $17.96 | $15.68 | $16.25 | $13.34 | $11.47 | $11.75 |
| Graham net-net per share | −$99.27 | −$101.84 | −$101.80 | −$101.03 | −$88.30 | −$84.11 | −$91.87 | −$78.92 | −$73.61 | −$73.42 |
| Capital allocation | ||||||||||
| Dividends paid | $277.9M | $249.6M | $239.7M | $219.1M | $192.4M | $190.7M | $159.2M | $154.7M | $122.2M | $119.0M |
| Share buybacks (net) | $72.8M | $8.9M | $11.5M | $24.1M | $23.9M | $5.4M | $1.8M | $3.8M | $2.6M | $3.2M |
| Dividend payout ratio | 46.5% | 65.6% | 48.1% | 38.5% | 40.6% | 48.8% | 51.4% | 59.2% | 75.4% | 70.8% |
| Dividends + buybacks / free cash flow | 102.0% | 47.1% | 66.4% | 17.0% | — | 129.4% | — | 52.2% | 20.2% | 29.2% |
| Capex / revenue | 0.0% | 0.5% | 2.3% | 5.8% | 71.4% | 1.6% | 159.8% | 253.4% | 1.9% | 2.4% |
| Capex / operating cash flow | 0.0% | 2.9% | 20.1% | 8.8% | 127.0% | 16.2% | 167.6% | 1,078.0% | 2.9% | 4.9% |
| Capex / depreciation | 0.00 | 0.20 | 0.91 | 1.14 | 13.85 | 0.30 | 34.36 | 71.28 | 0.52 | 0.58 |
| Stock-based compensation / revenue | 0.8% | 0.8% | 1.0% | 1.3% | 1.4% | 1.0% | 1.0% | 1.5% | 1.3% | 1.2% |
| SG&A / revenue | 23.1% | 17.1% | 17.6% | 25.2% | 26.2% | 22.4% | 22.4% | 28.0% | 29.9% | 30.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.3 | 24.8 | 24.1 | 24.5 | 24.9 | 24.7 | 23.9 | 23.9 | 27.2 | 27.3 |
| Days of inventory on hand | — | — | -134.8 | -1,620.2 | -4,218.3 | -933.2 | -220.2 | 11.2 | 22.0 | 35.1 |
| Days payables outstanding | — | — | — | 17,873.8 | 41,805.0 | 312.1 | 210.5 | 240.3 | 406.1 | 479.2 |
| Cash conversion cycle (days) | — | — | — | -19,469.5 | -45,998.5 | -1,220.5 | -406.8 | -205.3 | -357.0 | -416.7 |
| Receivables turnover | 14.44 | 14.71 | 15.17 | 14.88 | 14.67 | 14.78 | 15.28 | 15.28 | 13.43 | 13.35 |
| Payables turnover | — | — | — | 0.02 | 0.01 | 1.17 | 1.73 | 1.52 | 0.90 | 0.76 |
| Inventory turnover | — | — | — | — | — | — | — | 32.68 | 16.61 | 10.39 |
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 |
| Average receivables | $241.9M | $242.7M | $221.1M | $146.7M | $101.6M | $105.9M | $100.5M | $84.6M | $70.4M | $65.2M |
| Average payables | — | — | — | $18.48B | $18.01B | $333.4M | $257.9M | $220.3M | $204.8M | $210.9M |
| Average inventory | — | — | −$560.8M | −$1.68B | −$1.82B | −$996.8M | −$269.8M | $10.2M | $11.1M | $15.5M |
| Intangibles / total assets | 3.0% | 3.2% | 3.3% | 3.6% | 3.5% | 3.6% | 3.9% | 3.6% | 3.1% | 3.2% |
Computed from VLY'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.
VLY valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Valley National Bancorp traded at 11.0 times earnings, against a 10-year median of 11.6. Based on the latest twelve months, the trailing P/E is 10.7 and the forward P/E is 8.4. Valley National Bancorp earned a return on equity of 7.8% and a return on invested capital of 6.0% in fiscal 2025. It ended the year with $3.4 billion of debt and $315.2 million in cash and short-term investments, net debt of $3.1 billion. It returned $350.7 million to shareholders: $277.9 million in dividends and $72.8 million in share buybacks, 102% of free cash flow. The share count rose 120.9% from 255.3M to 563.8M over 9 years.
See the VLY income statement, the VLY chart for price history, or the VLY stock overview for the latest quote and news.
VLY key metrics FAQ
What is Valley National Bancorp's P/E ratio?
Valley National Bancorp's trailing P/E ratio is 10.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.4. At the end of fiscal 2025 it was 11.0, compared with a 10-year median of 11.6.
What is Valley National Bancorp's EV/EBITDA?
Valley National Bancorp's enterprise value was 11.9 times EBITDA at the end of fiscal 2025 (enterprise value $9.7 billion, EBITDA $812.6 million).
What is Valley National Bancorp's return on equity?
Valley National Bancorp's return on equity (ROE) was 7.8% in fiscal 2025: net income of $598.0 million on average shareholders' equity of $7.6 billion.
What is Valley National Bancorp's ROIC?
Valley National Bancorp's return on invested capital was 6.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Valley National Bancorp have?
Valley National Bancorp had total debt of $3.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.44 and $3.1 billion of net debt (3.83 times EBITDA).
What is Valley National Bancorp's dividend yield?
Valley National Bancorp's forward dividend yield is 3.48%. Valley National Bancorp paid $277.9 million in dividends in fiscal 2025 ($0.49 per share), a payout ratio of 46.5%.
Does Valley National Bancorp buy back its shares?
Yes. Valley National Bancorp spent $72.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +8.8% over the year, to 563.8M..
What is Valley National Bancorp's free cash flow yield?
Valley National Bancorp generated $343.8 million of free cash flow in fiscal 2025, a free cash flow yield of 5.2% on its market value at year-end ($6.6 billion).
What is Valley National Bancorp's current ratio?
Valley National Bancorp's current ratio was 0.75 at the end of fiscal 2025: current assets were 0.75 times current liabilities.