Stifel Financial Corp (SF) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Stifel Financial Corp

Market cap $10B · 52 weeks $66 – $89 (24 % below the high) · P/E 9.1× · 2027 expected P/E 9.3× · Dividend 1.9 % · 9 years rising · Next earnings January 27, 2027 · expected EPS $1.86 · Closing price, Oct 30 · accounts published Oct 21.

• Valuation: P/E 9.1× (fairly priced).
• Business: ROE 16.5 % (passes, near the threshold).
• Balance sheet: Debt/Equity 0.14 (solid).
• Earnings: 7 of 8 (on track).

What would it be worth at its usual multiples?

At the decade median (9.4×) $69 (+3 %); at its sector median (13.0×) $96 (+43 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in financial services: 5 of 6 pass

• Operating margin 13.8 %, fails.
• 5y revenue growth 11.6 %, passes.
• ROE 16.5 %, passes, near the threshold.
• FCF / Net Income 175.7 %, passes.
• Debt / Equity 0.14, passes.
• P/E vs own 5y 9.1×, passes.

Against its peers (reference peers) — Stifel Financial Corp: P/E 9.1×; EV/EBITDA 4.5×; ROIC 20.5 %; $10.0B. Evercore Inc. (P/E 16.4×; EV/EBITDA 10.1×; ROIC —; $11.2B), Jefferies Financial Group Inc. (P/E 12.3×; EV/EBITDA 20.6×; ROIC 2.0 %; $8.7B), LPL Financial Holdings Inc. (P/E 16.3×; EV/EBITDA 9.1×; ROIC 11.9 %; $22.3B).

Expensive or cheap against its last ten years?

P/E at each close: today 9.1× · median 9.4× · minimum 3.7× · maximum 27.3× · cheap below 7.0× · expensive above 12.1×. It has been cheaper than today only 46% of the time over its last ten years.

Dividend

solid · Yield 1.9 % ($2.37 per share in 2025) · Years raising it ≥ 9 · 5-year growth +28 % a year · Free cash flow coverage 3.1× · With $1,000 invested today you'd collect $19.40 a year ($1.62 a month).