Capitol Federal Financial, Inc. (CFFN) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-113.3%

-$1.14

vs $8.62 price

Levered DCF

$2.02

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

-0.6

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	11.96×	12.21×	20.14×	-6.28×	13.39×	20.52×	19.72×	20.26×
P/B	1.03×	0.79×	0.73×	0.61×	1.03×	1.25×	0.99×	1.42×
P/S	2.33×	1.98×	2×	3.43×	3.76×	5.58×	3.97×	5.43×
EV / EBITDA	8.29×	27.82×	43.32×	-21.5×	27.21×	28.95×	31.42×	29.65×
Gross margin	52.2%	47.3%	43.1%	-14.9%	72.5%	73.2%	57.1%	64.4%
Operating margin	24.2%	19.9%	14.3%	-74.9%	35.8%	34.4%	25.1%	34.5%
Net margin	19.4%	16.3%	10.0%	-54.8%	28.2%	27.3%	20.1%	27.0%
Current ratio	0.04×	0.17×	0.18×	0.27×	0.26×	0.31×	0.28×	0.25×
Debt / equity	1.61×	1.86×	2.11×	2.28×	1.94×	1.27×	1.39×	1.68×
Interest coverage	0.51×	0.38×	0.25×	-0.67×	1.23×	1.15×	0.7×	0.98×
Dividend yield	4.6%	5.4%	5.9%	13.1%	9.2%	7.6%	7.3%	7.1%
Payout ratio	55.2%	65.1%	117.1%	-81.8%	122.1%	155.0%	145.4%	143.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.6%	6.5%	3.7%	-9.7%	7.7%	6.1%	5.0%	7.1%
Return on invested capital	0.9%	2.1%	1.1%	-2.5%	2.5%	2.6%	2.0%	2.6%
Return on assets	0.9%	0.7%	0.4%	-1.0%	0.9%	0.8%	0.7%	1.0%
Free cash flow yield	0.0%	6.0%	3.2%	6.5%	8.1%	4.2%	6.1%	3.6%
Earnings yield	8.3%	8.2%	5.0%	-16.0%	7.5%	4.9%	5.0%	5.0%
Enterprise value	$2.6B	$2.5B	$2.7B	$2.8B	$3.2B	$3.1B	$2.9B	$3.9B
Net debt / EBITDA	5.03×	18.72×	31.24×	-16.56×	17.66×	14.4×	17.49×	15.29×
Cash conversion cycle (days)	0	0	0	0	0	-632	-389	-299