
Banco Santander, S.A. Financial Ratios 2025-2011 | SAN
Brief overview of Banco Santander, S.A.'s valuation multiples
The comparison uses the five latest available annual observations between 2021 and 2025.
Key multiples at the end of the period are P/E 11.87x (median 5.96x), P/B 1.63x (median 0.66x), P/CF 13.25x (median 2.32x). Valuation is 148.1% above five-year reference levels. The premium requires support from earnings and returns.
Earnings yield calculated as 1/P/E is about 8.4%, showing current profit per unit of share price.
Current measures of operating quality are ROE 13.7%, ROA 0.8%, ROCE 25.7%. Capital returns look adequate and support overall financial resilience.
For financial institutions, P/B, ROE and ROA are particularly relevant, while EV/EBITDA and ordinary liquidity ratios have limited comparability.
What the ratios show
Banco Santander, S.A. combines strong efficiency with demanding valuation. The cushion depends on continued earnings growth.
Annual Financial Ratios Banco Santander, S.A.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
11.9 | 7.6 | 5.5 | 6.0 | 5.8 | -5.9 | 10.3 | 9.6 | - | 11.5 | 9.1 | 12.4 | 19.5 | 32.9 | 15.3 |
P/S |
- | - | - | - | - | 1.4 | 1.5 | 1.7 | - | 1.5 | 1.1 | 1.5 | 1.9 | 1.5 | 1.6 |
EPS |
0.9 | 0.8 | 0.7 | 0.5 | 0.4 | -0.5 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | - | - | - | - |
EV (Enterprise Value) |
1.79 T | 1.64 T | 1.54 T | 1.48 T | 1.34 T | 1.31 T | 1.38 T | 1.31 T | 1.23 T | 1.16 T | 1.16 T | 1.18 T | 1.04 T | 1.27 T | 1.26 T |
EBITDA per Share |
- | - | - | - | 1.45 | 1.34 | 1.52 | 1.41 | - | - | - | - | - | - | - |
EV/EBITDA |
- | - | - | - | 53.6 | - | - | - | - | - | - | - | - | - | - |
PEG |
- | - | - | - | - | 0.02 | -0.47 | 0.85 | -10.36 | -1.29 | -1.5 | 0.63 | 0.26 | -0.53 | -0.42 |
P/B |
1.6 | 1.0 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 0.7 | - | 0.8 | 0.6 | 0.9 | 1.2 | 1.0 | 1.1 |
P/CF |
-12.4 | -4.3 | 13.3 | 2.3 | 1.0 | 0.8 | 19.9 | 21.9 | - | 6.2 | 17.6 | -7.2 | -2.6 | 4.2 | 2.9 |
ROE % |
13.75 | 12.81 | 11.69 | 11.03 | 9.95 | -9.60 | 5.89 | 7.30 | 6.20 | 6.82 | 6.78 | 7.20 | 6.19 | 2.95 | 7.00 |
ROA % |
0.83 | 0.75 | 0.68 | 0.62 | 0.60 | -0.58 | 0.43 | 0.54 | 0.46 | 0.46 | 0.45 | 0.46 | 0.39 | 0.17 | 0.43 |
ROCE % |
- | - | - | - | 25.75 | 25.35 | 23.45 | 23.97 | 23.74 | - | - | - | - | - | - |
Current Ratio |
1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | - | - | - | - | - | - |
DSO |
- | - | - | - | - | - | - | - | - | 49.2 | 43.6 | 44.4 | 46.6 | 44.6 | 36.7 |
All numbers in EUR currency
Quarterly Financial Ratios Banco Santander, S.A.
| 2025-Q4 | 2025-Q3 | 2025-Q2 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
0.905 | - | 0.43 | 0.771 | - | 0.37 | 0.654 | - | 0.31 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
39.76 | 26.01 | 37.70 | 36.55 | 23.74 | 6.36 | 11.69 | - | 5.69 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
2.36 | 1.53 | 2.21 | 2.12 | 1.37 | 0.37 | 0.68 | - | 0.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
1.1 | - | 1.1 | 1.1 | - | 1.1 | 1.1 | - | 1.1 | - | - | - | - | 1.1 | - | 1.1 | - | 1.1 | - | 1.1 | - | 1.1 | - | 1.1 | - | 1.1 | - | 1.1 | - | 1.1 | - | - | - | 1.1 | - | - | - | 1.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in EUR currency
Multiples are an important financial analysis tool for the company Banco Santander, S.A., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.