Noah Holdings (NOAH) Financial Ratios: P/E, ROE & More

Noah Holdings (NOAH) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Noah Holdings had a P/E ratio of 8.38 (down from 11.89), return on equity of 5.6% (up from 4.8%), debt-to-equity of 0.01 (down from 0.01) and a current ratio of 4.46 (down from 4.53). A current ratio of 4.46 means current assets exceed current liabilities. Its dividend yield was 6.68% with a payout ratio of 97.8%.

Noah Holdings Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	8.38	11.89	6.36	6.99	6.67	-
Forward P/E	6.64	8.64	5.67	5.70	8.04	16.76
P/S Ratio	1.79	2.17	1.95	2.20	2.04	4.41
P/B Ratio	0.47	0.56	0.62	0.72	1.08	2.00
Price/Tangible Book	0.48	0.57	0.62	0.73	1.09	2.03
Price/FCF	5.56	18.52	5.54	11.98	-	19.56
Price/OCF	4.79	14.59	4.87	10.79	5.76	18.29
PEG Ratio	0.34	0.34	0.34	0.34	0.38	1.06
Enterprise Value Ratios
EV/Revenue	-	0.31	0.39	0.85	1.40	3.14
EV/EBITDA	-	1.02	1.02	2.13	4.48	7.64
EV/EBIT	-	1.27	1.17	2.44	5.03	8.24
EV/FCF	-	2.65	1.11	4.65	-	13.93
Profitability & Returns
Return on Equity (ROE)	5.57%	4.77%	10.05%	11.01%	16.94%	-9.81%
Return on Assets (ROA)	4.13%	3.24%	5.61%	6.00%	7.39%	8.19%
Return on Invested Capital (ROIC)	10.00%	7.98%	17.16%	17.36%	26.67%	44.13%
Return on Capital Employed (ROCE)	7.50%	6.10%	10.20%	11.00%	13.90%	16.70%
Leverage & Solvency Ratios
Debt/Equity	0.01	0.01	0.03	0.02	0.03	0.04
Debt/EBITDA	0.10	0.16	0.24	0.13	0.16	0.21
Debt/FCF	0.12	0.45	0.28	0.31	-	0.41
Liquidity Ratios
Current Ratio	4.46	4.53	3.76	3.32	2.42	3.56
Quick Ratio	4.23	4.25	3.42	2.96	2.06	3.21
Efficiency Ratios
Asset Turnover	0.22	0.21	0.27	0.27	0.42	0.34
Yield & Distribution Ratios
Earnings Yield	11.94%	8.41%	15.71%	14.30%	14.99%	-5.12%
FCF Yield	18.00%	5.40%	18.06%	8.35%	-8.55%	5.11%
Dividend Yield	6.68%	4.84%	7.87%	2.52%	-	-
Payout Ratio	97.84%	211.98%	17.58%	-	-	-
Buyback Yield	0.11%	-1.42%	-1.59%	-1.23%	-8.90%	-0.31%
Total Return	6.78%	3.42%	6.28%	1.29%	-8.90%	-0.31%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Noah Holdings Financial Ratios

What is Noah Holdings's P/E ratio?

Noah Holdings's P/E ratio was 8.38 for fiscal 2025 (period ended Dec 31, 2025). It was 11.89 a year earlier.

What is Noah Holdings's return on equity?

Noah Holdings's return on equity (ROE) was 5.6% for fiscal 2025 (period ended Dec 31, 2025). It was 4.8% a year earlier.

What is Noah Holdings's debt-to-equity ratio?

Noah Holdings's debt-to-equity ratio was 0.01 for fiscal 2025 (period ended Dec 31, 2025). It was 0.01 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition