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Westpac Banking Corporation WBC.AX

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

Westpac Banking Corporation statistics & valuation

Market capA$129.2B
P / E19.0×
P / S5.7×
P / B1.8×
Dividend yield4.08%
Net margin30.1%
Return on equity9.6%
FCF margin-125.6%
Net debtA$171.4B
Enterprise value USD$203.6B
Graham number -19.4%A$30.50

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$30.50); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
27.90% 33.70% 32.40% 30.10% 2022202320242026
Gross margin (%)
2022202320242026
Operating margin (%)
2022202320242026
Return on equity (%)
8.10% 9.90% 9.70% 9.60% 2022202320242026
Shares outstanding
3.42B 3.42B 3.42B 3.42B 2022202320242026
Net debt (A$)
A$70.39B A$86.77B A$140.90B A$171.40B 2022202320242026
Share buybacks (A$)
A$3.55B A$47.0M A$1.87B A$180.0M 2022202320242026
Return on assets (%)
0.60% 0.70% 0.60% 0.60% 2022202320242026
Free cash flow margin (%)
76.80% -57.00% -96.30% -125.60% 2022202320242026
Debt / equity (×)
2.50× 2.62× 2.89× 3.07× 2022202320242026
EPS (A$)
A$1.52 A$1.95 A$1.92 A$1.99 2022202320242026

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

Westpac Banking Corporation trades at about 19× earnings — above its 10-year norm (10-year range 10.6×–18.5×, median 16.8×).

10.6× 19×

Shaded band = 10-year range (10.6×–18.5×); dot = today's 19×.

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)

RatioFY2026FY2024FY2023FY2022
Net margin30.1%32.4%33.7%27.9%
FCF margin-125.6%-96.3%-57.0%76.8%
Return on assets0.6%0.6%0.7%0.6%
Return on equity9.6%9.7%9.9%8.1%
Debt / equity2.51×2.56×2.30×2.08×

Computed from company filings · AU · as of 2024-09-30. Figures in AUD. Facts plus Stocktoria's own computed scores — not investment advice.