Voya Financial (VOYA) Financial Ratios: P/E, ROE & More

Voya Financial (VOYA) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Voya Financial had a P/E ratio of 11.56 (up from 10.58), return on equity of 11.2% (down from 12.3%), debt-to-equity of 0.69 (down from 0.88) and a current ratio of 4.91 (down from 5.31). A current ratio of 4.91 means current assets exceed current liabilities. Its dividend yield was 2.49% with a payout ratio of 33.5%.

Voya Financial 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	11.56	10.58	12.94	12.61	3.15	-
Forward P/E	7.75	8.43	8.61	8.42	10.60	10.69
P/S Ratio	0.87	0.82	1.04	1.01	1.76	0.97
P/B Ratio	1.01	1.10	1.26	1.20	0.75	0.66
Price/Tangible Book	2.16	2.73	2.94	2.50	0.91	0.73
Price/FCF	-	-	-	-	-	5.45
Price/OCF	5.50	4.92	4.65	4.42	334.55	5.45
PEG Ratio	0.50	0.53	0.70	0.61	0.37	0.54
Enterprise Value Ratios
EV/Revenue	1.56	1.40	1.67	1.83	2.77	1.49
EV/EBITDA	10.80	9.41	11.07	16.79	3.45	19.22
EV/EBIT	11.83	10.23	11.99	17.78	3.50	21.18
EV/FCF	-	-	-	-	-	8.37
Profitability & Returns
Return on Equity (ROE)	11.24%	12.31%	13.20%	5.84%	29.71%	3.47%
Return on Assets (ROA)	0.40%	0.43%	0.42%	0.24%	1.18%	0.19%
Return on Invested Capital (ROIC)	8.19%	9.22%	10.37%	5.38%	23.05%	2.25%
Leverage & Solvency Ratios
Debt/Equity	0.69	0.88	0.79	0.78	0.41	0.33
Debt/EBITDA	4.01	4.42	4.31	6.05	1.19	6.28
Debt/FCF	-	-	-	-	-	2.74
Liquidity Ratios
Current Ratio	4.91	5.31	6.63	11.13	14.32	1.45
Quick Ratio	0.65	0.73	0.75	1.30	1.56	0.12
Efficiency Ratios
Asset Turnover	0.05	0.05	0.05	0.04	0.02	0.04
Yield & Distribution Ratios
Earnings Yield	9.23%	10.07%	8.20%	8.54%	32.20%	-2.77%
FCF Yield	-	-	-	-	-	18.34%
Dividend Yield	2.49%	2.58%	1.76%	1.41%	1.15%	1.12%
Payout Ratio	33.49%	31.78%	26.08%	23.33%	4.90%	-
Buyback Yield	3.95%	6.80%	1.27%	12.40%	4.63%	10.27%
Total Return	6.43%	9.38%	3.03%	13.82%	5.78%	11.39%

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

Frequently Asked Questions About Voya Financial Financial Ratios

What is Voya Financial's P/E ratio?

Voya Financial's P/E ratio was 11.56 for fiscal 2025 (period ended Dec 31, 2025). It was 10.58 a year earlier.

What is Voya Financial's return on equity?

Voya Financial's return on equity (ROE) was 11.2% for fiscal 2025 (period ended Dec 31, 2025). It was 12.3% a year earlier.

What is Voya Financial's debt-to-equity ratio?

Voya Financial's debt-to-equity ratio was 0.69 for fiscal 2025 (period ended Dec 31, 2025). It was 0.88 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