Wells Fargo & Company (WFC) Key Metrics
WFC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $251.75B
- Enterprise value
- $111.36B
- P/E (TTM)
- 11.8 10-yr median 12.2
- Forward P/E
- 10.2
- PEG ratio
- 1.39
- Price / sales
- 3.0 10-yr median 2.3
- Price / book
- 1.5 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 6.8
- Dividend yield
- 2.38% $2.00 a year
- Beta
- 0.95
WFC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWFC valuation Price multiples at each fiscal year-end price.
WFC returns How much profit the business earns on the capital it uses.
WFC per-share figures Results divided by the shares outstanding at year-end.
WFC financial health Debt, liquidity and how easily interest is covered.
WFC efficiency & capital use Working capital cycle and where the cash goes.
WFC valuation history
WFC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WFC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WFC cash returned to shareholders
WFC price vs earnings per share
WFC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $299.86B | $243.56B | $183.12B | $158.43B | $196.54B | $124.77B | $238.09B | $222.95B | $304.40B | $281.52B |
| Enterprise value | $254.03B | $161.98B | $117.65B | $131.78B | −$10.42B | −$88.28B | $175.16B | $387.94B | $526.43B | $620.72B |
| P/E ratio | 14.1 | 12.3 | 9.6 | 11.6 | 8.9 | 36.9 | 12.1 | 10.0 | 13.7 | 12.8 |
| Price / sales | 2.4 | 1.9 | 2.4 | 1.9 | 2.4 | 1.5 | 2.3 | 2.2 | 3.1 | 3.0 |
| Price / book | 1.7 | 1.4 | 1.0 | 0.9 | 1.0 | 0.7 | 1.3 | 1.1 | 1.5 | 1.4 |
| Price / free cash flow | — | 80.3 | 4.5 | 5.9 | — | 60.8 | 35.4 | 6.2 | 16.3 | 279.3 |
| Price / operating cash flow | — | 80.3 | 4.5 | 5.9 | — | 60.8 | 35.4 | 6.2 | 16.3 | 279.3 |
| EV / sales | 2.1 | 1.3 | 1.5 | 1.6 | -0.1 | -1.1 | 1.7 | 3.8 | 5.4 | 6.6 |
| EV / EBITDA | 7.7 | 5.2 | 4.2 | 5.9 | — | — | 5.4 | 11.4 | 16.1 | 16.7 |
| EV / free cash flow | — | 53.4 | 2.9 | 4.9 | — | — | 26.0 | 10.8 | 28.3 | 615.8 |
| Earnings yield | 7.1% | 8.1% | 10.5% | 8.6% | 11.2% | 2.7% | 8.3% | 10.0% | 7.3% | 7.8% |
| Free cash flow yield | −6.3% | 1.2% | 22.0% | 17.1% | −5.9% | 1.6% | 2.8% | 16.2% | 6.1% | 0.4% |
| Dividend yield | 2.2% | 2.6% | 3.2% | 3.3% | 1.8% | 4.9% | 4.0% | 4.2% | 3.0% | 3.2% |
| Shareholder yield (dividends + buybacks) | 8.7% | 11.7% | 10.7% | 7.1% | 12.6% | 10.5% | 15.0% | 14.4% | 6.2% | 6.1% |
| Share price at fiscal year-end | $93.20 | $70.24 | $49.22 | $41.29 | $47.98 | $30.18 | $53.80 | $46.08 | $60.67 | $55.11 |
| Per share | ||||||||||
| Revenue per share | $38.39 | $36.16 | $20.75 | $21.75 | $20.28 | $19.89 | $23.88 | $20.89 | $19.48 | $18.44 |
| Earnings per share | $6.63 | $5.69 | $5.15 | $3.56 | $5.40 | $0.82 | $4.45 | $4.63 | $4.42 | $4.29 |
| Operating cash flow per share | −$5.91 | $0.88 | $10.85 | $7.05 | −$2.81 | $0.50 | $1.52 | $7.46 | $3.71 | $0.20 |
| Free cash flow per share | −$5.91 | $0.88 | $10.85 | $7.05 | −$2.81 | $0.50 | $1.52 | $7.46 | $3.71 | $0.20 |
| Cash per share | $146.56 | $104.82 | $97.47 | $71.08 | $100.45 | $117.32 | $91.45 | $36.86 | $5.25 | $5.31 |
| Book value per share | $56.29 | $51.66 | $49.92 | $47.40 | $46.41 | $44.67 | $42.48 | $40.73 | $41.47 | $39.25 |
| Tangible book value per share | $46.57 | $42.15 | $40.87 | $38.11 | $38.26 | $36.41 | $33.59 | $31.94 | $32.85 | $31.21 |
| Dividends per share | $2.02 | $1.80 | $1.59 | $1.38 | $0.89 | $1.49 | $2.17 | $1.93 | $1.82 | $1.77 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $1.09 | $2.75 | $6.28 |
| Debt per share | $132.32 | $81.29 | $79.87 | $64.14 | $49.93 | $65.78 | $77.23 | $70.96 | $49.51 | $71.72 |
| Shares outstanding | 3.22B | 3.47B | 3.72B | 3.84B | 4.10B | 4.13B | 4.43B | 4.84B | 5.02B | 5.11B |
| Change in shares outstanding | −7.2% | −6.8% | −3.0% | −6.3% | −0.9% | −6.6% | −8.5% | −3.6% | −1.8% | −1.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.8% | 10.8% | 10.4% | 7.4% | 11.8% | 1.8% | 10.2% | 11.1% | 10.9% | 11.2% |
| Return on invested capital (ROIC) | 18.3% | 18.3% | 18.3% | 19.3% | — | — | 8.3% | 5.8% | 4.6% | 4.4% |
| Return on assets (ROA) | 1.0% | 1.0% | 1.0% | 0.7% | 1.1% | 0.2% | 1.0% | 1.2% | 1.1% | 1.2% |
| Return on tangible assets | 1.0% | 1.0% | 1.0% | 0.7% | 1.2% | 0.2% | 1.0% | 1.2% | 1.2% | 1.2% |
| Free cash flow margin | −15.4% | 2.4% | 52.3% | 32.4% | −13.9% | 2.5% | 6.4% | 35.7% | 19.0% | 1.1% |
| Income quality (OCF / net income) | −0.89 | 0.15 | 2.11 | 1.98 | −0.52 | 0.61 | 0.34 | 1.61 | 0.84 | 0.05 |
| Financial health | ||||||||||
| Total debt | $425.72B | $281.88B | $297.15B | $246.10B | $204.52B | $271.95B | $341.78B | $343.33B | $248.39B | $366.35B |
| Cash & short-term investments | $471.55B | $363.46B | $362.61B | $272.75B | $411.47B | $485.00B | $404.71B | $178.35B | $26.36B | $27.15B |
| Net debt | −$45.83B | −$81.58B | −$65.47B | −$26.65B | −$206.95B | −$213.06B | −$62.93B | $164.98B | $222.03B | $339.20B |
| Debt / equity | 2.35 | 1.57 | 1.60 | 1.35 | 1.08 | 1.47 | 1.82 | 1.74 | 1.19 | 1.83 |
| Debt / assets | 0.20 | 0.15 | 0.15 | 0.13 | 0.10 | 0.14 | 0.18 | 0.18 | 0.13 | 0.19 |
| Net debt / EBITDA | −1.39 | −2.64 | −2.35 | −1.19 | −5.53 | −19.87 | −1.93 | 4.83 | 6.77 | 9.15 |
| Current ratio | 0.29 | 0.27 | 0.29 | 5.62 | 12.39 | 0.35 | 4.06 | 17.85 | 6.21 | 0.48 |
| Quick ratio | 0.29 | 0.27 | 0.65 | 12.86 | 25.20 | 0.66 | 7.75 | 43.58 | 35.99 | 4.60 |
| Interest coverage | 0.6 | 0.5 | 0.9 | 1.7 | 7.6 | 0.3 | 1.4 | 1.9 | 2.9 | 5.4 |
| Working capital | −$1.23T | −$1.07T | −$1.03T | $236.51B | $391.92B | −$993.91B | $320.03B | $225.05B | $75.98B | −$50.34B |
| Invested capital | $135.29B | $97.54B | $120.27B | $155.22B | −$16.84B | −$28.38B | $125.06B | $362.05B | $430.11B | $539.70B |
| Tangible asset value | $151.74B | $148.12B | $153.76B | $146.22B | $156.74B | $151.56B | $148.65B | $154.56B | $164.83B | $159.44B |
| Net current asset value | −$1.47T | −$1.34T | −$1.33T | −$1.41T | −$1.33T | −$1.22T | −$1.32T | −$1.46T | −$1.65T | −$1.68T |
| Graham number | $91.65 | $81.30 | $76.02 | $61.66 | $75.08 | $28.65 | $65.25 | $65.13 | $64.23 | $61.58 |
| Graham net-net per share | −$459.01 | −$390.34 | −$431.25 | −$417.05 | −$379.81 | −$356.51 | −$341.87 | −$346.71 | −$375.93 | −$369.47 |
| Capital allocation | ||||||||||
| Dividends paid | $6.48B | $6.23B | $5.93B | $5.29B | $3.63B | $6.14B | $9.59B | $9.31B | $9.11B | $9.04B |
| Share buybacks (net) | $19.52B | $22.29B | $13.58B | $6.03B | $21.14B | $7.02B | $26.08B | $22.78B | $9.91B | $8.12B |
| Dividend payout ratio | 30.4% | 31.6% | 31.0% | 38.7% | 16.4% | 181.9% | 48.6% | 41.6% | 41.1% | 41.2% |
| Dividends + buybacks / free cash flow | — | 939.7% | 48.3% | 41.9% | — | 641.6% | 530.0% | 89.0% | 102.1% | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 5.2% | 14.1% | 34.1% |
| Capex / operating cash flow | — | 0.0% | 0.0% | 0.0% | — | 0.0% | 7.6% | 14.7% | 74.2% | 3,181.5% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.95 | 2.55 | 6.45 |
| Stock-based compensation / revenue | — | — | 1.5% | 1.2% | −6.4% | 2.1% | 2.2% | 2.2% | 2.1% | 2.1% |
| R&D / revenue | 1.1% | — | — | — | — | — | — | — | — | — |
| SG&A / revenue | 32.8% | 29.7% | 47.5% | 42.7% | 43.5% | 43.1% | 34.3% | 33.6% | 37.5% | 35.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 96.5 | 139.8 | 162.2 | 65.1 | 161.9 | 174.6 | 68.3 | 151.5 | 155.9 | 122.0 |
| Days of inventory on hand | — | — | 30,239.8 | -13,950.6 | 693,866.5 | -7,083.0 | -6,180.9 | -8,655.0 | -12,791.4 | -7,491.3 |
| Days payables outstanding | — | — | — | 2,408.8 | -1,121,871.6 | 12,222.4 | 1,224.2 | 1,557.6 | 1,963.3 | 2,461.6 |
| Cash conversion cycle (days) | — | — | — | -16,294.3 | 1,815,900.0 | -19,130.8 | -7,336.8 | -10,061.1 | -14,598.8 | -9,830.9 |
| Receivables turnover | 3.78 | 2.61 | 2.25 | 5.61 | 2.26 | 2.09 | 5.35 | 2.41 | 2.34 | 2.99 |
| Payables turnover | — | — | — | 0.15 | −0.00 | 0.03 | 0.30 | 0.23 | 0.19 | 0.15 |
| Asset turnover | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 | 0.05 | 0.05 | 0.05 |
| Average receivables | $32.67B | $48.04B | $34.32B | $14.88B | $36.84B | $39.33B | $19.76B | $41.95B | $41.74B | $31.49B |
| Average payables | — | — | — | $70.01B | $737.67B | $739.77B | $72.24B | $69.97B | $63.90B | $65.28B |
| Average inventory | — | — | −$447.30B | −$405.45B | −$456.24B | −$428.71B | −$364.74B | −$388.79B | −$416.33B | −$198.65B |
| Intangibles / total assets | 1.5% | 1.7% | 1.7% | 1.9% | 1.7% | 1.7% | 2.0% | 2.2% | 2.2% | 2.1% |
Computed from WFC's annual financial statements (latest annual report filed February 24, 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.
WFC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Wells Fargo traded at 14.1 times earnings, against a 10-year median of 12.2. Based on the latest twelve months, the trailing P/E is 11.8 and the forward P/E is 10.2. Wells Fargo earned a return on equity of 11.8% and a return on invested capital of 18.3% in fiscal 2025. It ended the year with $425.7 billion of debt and $471.6 billion in cash and short-term investments, a net cash position of $45.8 billion. It returned $26.0 billion to shareholders: $6.5 billion in dividends and $19.5 billion in share buybacks. The share count fell 37.0% from 5.11B to 3.22B over 9 years.
See the WFC income statement, the WFC chart for price history, or the WFC stock overview for the latest quote and news.
WFC key metrics FAQ
What is Wells Fargo's P/E ratio?
Wells Fargo'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 10.2. At the end of fiscal 2025 it was 14.1, compared with a 10-year median of 12.2.
What is Wells Fargo's EV/EBITDA?
Wells Fargo's enterprise value was 7.7 times EBITDA at the end of fiscal 2025 (enterprise value $254.0 billion, EBITDA $32.9 billion).
What is Wells Fargo's return on equity?
Wells Fargo's return on equity (ROE) was 11.8% in fiscal 2025: net income of $21.3 billion on average shareholders' equity of $180.1 billion.
What is Wells Fargo's ROIC?
Wells Fargo's return on invested capital was 18.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Wells Fargo have?
Wells Fargo had total debt of $425.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.35 and more cash than debt.
What is Wells Fargo's dividend yield?
Wells Fargo's forward dividend yield is 2.38%. Wells Fargo paid $6.5 billion in dividends in fiscal 2025 ($2.02 per share), a payout ratio of 30.4%.
Does Wells Fargo buy back its shares?
Yes. Wells Fargo spent $19.5 billion on net share repurchases in fiscal 2025 Shares outstanding changed −7.2% over the year, to 3.22B..
What is Wells Fargo's free cash flow yield?
Wells Fargo generated -$19.0 billion of free cash flow in fiscal 2025, a free cash flow yield of −6.3% on its market value at year-end ($299.9 billion).
What is Wells Fargo's current ratio?
Wells Fargo's current ratio was 0.29 at the end of fiscal 2025: current assets were 0.29 times current liabilities.