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Macquarie Group Limited MQG.AX

AU · Australian Securities Exchange · XASX · stock · Financial Services · website

Macquarie Group Limited statistics & valuation

Market capA$99.5B
P / E20.5×
P / S13.8×
P / B2.8×
Net margin67.2%
Net debtA$317.3B
Enterprise value USD$294.4B
Earnings yield EBIT/EV-1.5%
Return on capital-1.4%
Graham number -36.8%A$164.24

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (A$164.24); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
79.00% 56.40% 54.70% 67.20% 2023202420252026
Gross margin (%)
100.00% 100.00% 100.00% 100.00% 2023202420252026
Operating margin (%)
-97.00% -98.40% -89.60% -88.10% 2023202420252026
Return on equity (%)
15.60% 10.50% 10.50% 13.40% 2023202420252026
Shares outstanding
381.1M 381.1M 381.1M 381.1M 2023202420252026
Net debt (A$)
A$199.22B A$237.36B A$303.80B A$317.33B 2023202420252026
Share buybacks (A$)
A$644.0M A$369.0M A$881.0M 2023202420252026
Return on assets (%)
1.30% 0.90% 0.80% 0.90% 2023202420252026
Free cash flow margin (%)
2023202420252026
Debt / equity (×)
7.39× 8.04× 9.34× 9.45× 2023202420252026
EPS (A$)
A$13.16 A$9.11 A$9.76 A$12.67 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Macquarie Group Limited trades at about 20.5× earnings — near its 10-year norm (10-year range 13.9×–20.6×, median 19.8×).

13.9× 20.6×

Shaded band = 10-year range (13.9×–20.6×); dot = today's 20.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin100.0%100.0%100.0%100.0%
Operating margin-88.1%-89.6%-98.4%-97.0%
Net margin67.2%54.7%56.4%79.0%
Return on assets0.9%0.8%0.9%1.3%
Return on equity13.4%10.5%10.5%15.6%
Debt / equity9.43×9.31×8.01×7.36×
Current ratio2.742.662.091.96

Computed from company filings · AU · as of 2026-03-31. Figures in AUD. Facts plus Stocktoria's own computed scores — not investment advice.