Alerus Financial Corporation (ALRS) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
28.78
↑+63% vs avg
5yr avg: 17.61
30Y Low2.0·High28.7
P/FCF
↑
13.16
+10% vs avg
5yr avg: 11.98
30Y Low3.5·High24.7
P/B Ratio
↓
1.38
↑+20% vs avg
5yr avg: 1.15
30Y Low0.8·High1.6
ROE
↓
3.3%
↑-56% vs avg
5yr avg: 7.4%
30Y Low3%·High15%
Debt/EBITDA
↑
11.05
↑+28% vs avg
5yr avg: 8.61
30Y Low0.7·High15.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ALRS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alerus Financial Corporation trades at 44.6x earnings, 92% above its 5-year average of 23.2x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.9x, the stock trades at a premium of 221%. On a free-cash-flow basis, the stock trades at 13.2x P/FCF, 10% above the 5-year average of 12.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $774M | $579M | $410M | $451M | $441M | $512M | $477M | $345M | $271M | $286M | $238M |
| Enterprise Value | $1.1B | $952M | $666M | $700M | $826M | $333M | $371M | $269M | $382M | $253M | $90M |
| P/E Ratio → | 44.56 | 33.12 | 23.18 | 38.60 | 11.12 | 9.86 | 10.86 | 11.96 | 10.46 | 19.11 | 17.00 |
| P/S Ratio | 2.36 | 1.77 | 1.21 | 1.85 | 1.96 | 2.17 | 1.99 | 1.69 | 1.44 | 1.62 | 1.38 |
| P/B Ratio | 1.38 | 1.02 | 0.83 | 1.22 | 1.24 | 1.42 | 1.45 | 1.21 | 1.37 | 1.59 | 1.41 |
| P/FCF | 13.16 | 9.84 | 24.73 | 17.54 | 4.36 | 3.46 | — | 21.10 | 5.44 | 6.37 | 7.37 |
| P/OCF | 11.47 | 8.57 | 14.16 | 15.56 | 4.28 | 3.42 | — | 17.92 | 5.06 | 5.98 | 7.00 |
P/E links to full P/E history page with 30-year chart
ALRS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alerus Financial Corporation's enterprise value stands at 28.8x EBITDA, 63% above its 5-year average of 17.6x. The Financial Services sector median is 11.5x, placing the stock at a 150% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.90 | 1.97 | 2.88 | 3.68 | 1.41 | 1.55 | 1.31 | 2.03 | 1.44 | 0.52 |
| EV / EBITDA | 28.78 | 23.87 | 17.51 | 28.73 | 13.66 | 4.27 | 5.50 | 5.63 | 9.15 | 5.98 | 2.77 |
| EV / EBIT | 50.81 | 42.14 | 28.76 | 44.15 | 15.82 | 4.82 | 6.34 | 6.90 | 11.57 | 7.79 | 4.26 |
| EV / FCF | — | 16.18 | 40.14 | 27.23 | 8.16 | 2.25 | — | 16.43 | 7.68 | 5.64 | 2.79 |
ALRS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Alerus Financial Corporation earns an operating margin of 6.9%, below the Financial Services sector average of 20.2%. ROE of 3.3% is modest, trailing the sector median of 9.0%. ROIC of 1.9% represents below-average returns on invested capital versus a sector median of 5.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.2% | 67.2% | 60.8% | 67.5% | 93.0% | 99.1% | 90.3% | 87.3% | 88.8% | 93.6% | 94.2% |
| Operating Margin | 6.9% | 6.9% | 6.8% | 6.5% | 23.2% | 29.3% | 24.4% | 19.0% | 17.5% | 18.4% | 12.3% |
| Net Profit Margin | 5.3% | 5.3% | 5.3% | 4.8% | 17.8% | 22.3% | 18.6% | 14.4% | 13.7% | 8.5% | 8.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.3% | 3.3% | 4.1% | 3.2% | 11.2% | 15.3% | 14.5% | 12.2% | 13.7% | 8.6% | 8.0% |
| ROA | 0.3% | 0.3% | 0.4% | 0.3% | 1.1% | 1.6% | 1.7% | 1.3% | 1.2% | 0.7% | 0.7% |
| ROIC | 1.9% | 1.9% | 2.2% | 1.5% | 6.4% | 12.6% | 11.7% | 8.3% | 8.0% | 9.8% | 6.6% |
| ROCE | 0.8% | 0.8% | 4.1% | 3.4% | 12.4% | 16.9% | 15.6% | 12.3% | 12.7% | 13.9% | 8.8% |
ALRS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Alerus Financial Corporation carries a Debt/EBITDA ratio of 11.0x, which is highly leveraged (159% above the sector average of 4.3x). Net debt stands at $373M ($441M total debt minus $67M cash). Interest coverage of just 0.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.78 | 0.64 | 1.03 | 1.24 | 0.18 | 0.20 | 0.24 | 0.77 | 0.49 | 0.35 |
| Debt / EBITDA | 11.05 | 11.05 | 8.33 | 15.55 | 7.33 | 0.81 | 0.99 | 1.42 | 3.65 | 2.10 | 1.83 |
| Net Debt / Equity | — | 0.66 | 0.52 | 0.67 | 1.08 | -0.50 | -0.32 | -0.27 | 0.57 | -0.18 | -0.88 |
| Net Debt / EBITDA | 9.36 | 9.36 | 6.72 | 10.22 | 6.37 | -2.30 | -1.58 | -1.60 | 2.67 | -0.78 | -4.54 |
| Debt / FCF | — | 6.35 | 15.42 | 9.68 | 3.80 | -1.21 | — | -4.67 | 2.24 | -0.74 | -4.58 |
| Interest Coverage | 0.21 | 0.21 | 0.20 | 0.21 | 3.29 | 12.43 | 4.77 | 2.07 | 2.65 | 4.08 | 3.02 |
ALRS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.29x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.20x to 0.29x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.29 | 0.29 | 0.16 | 0.20 | 0.25 | 0.38 | 0.30 | 0.24 | 0.17 | 0.22 | 0.28 |
| Quick Ratio | 0.29 | 0.29 | 0.16 | 0.20 | 0.25 | 0.38 | 0.30 | 0.24 | 0.17 | 0.22 | 0.28 |
| Cash Ratio | 0.22 | 0.22 | 0.01 | 0.04 | 0.02 | 0.08 | 0.07 | 0.07 | 0.02 | 0.06 | 0.11 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.09 | 0.09 | 0.08 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ALRS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alerus Financial Corporation returns 2.8% to shareholders annually — split between a 2.7% dividend yield and 0.1% buyback yield. The payout ratio exceeds 100% at 119.4%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 119.4% | 119.4% | 86.9% | 126.7% | 32.0% | 20.4% | 23.3% | 30.2% | 28.8% | 44.9% | 43.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 3.0% | 4.3% | 2.6% | 9.0% | 10.1% | 9.2% | 8.4% | 9.6% | 5.2% | 5.9% |
| FCF Yield | 7.6% | 10.2% | 4.0% | 5.7% | 22.9% | 28.9% | — | 4.7% | 18.4% | 15.7% | 13.6% |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $26M | $21M | $20M | $19M | $17M | $17M | $15M | $14M | $14M | $14M |
Peer Comparison
Compare ALRS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ALRSYou | $774M | 44.6 | 28.8 | 13.2 | 67.2% | 6.9% | 3.3% | 1.9% | 11.0 |
 NBTB | $3B | 14.5 | 11.0 | 11.5 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 FFIN | $5B | 19.0 | 11.8 | 15.7 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 BANF | $4B | 16.3 | 11.8 | 16.6 | 82.9% | 36.8% | 13.8% | 12.3% | 0.4 |
 OTTR | $4B | 13.7 | 9.7 | 38.4 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 WSFS | $4B | 14.8 | 7.2 | 18.6 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 TRMK | $3B | 12.4 | 9.7 | 11.6 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 FULT | $4B | 11.2 | 10.4 | 15.8 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 IBCP | $730M | 10.9 | 9.8 | 10.4 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 HFWA | $987M | 14.8 | 12.3 | 11.5 | 72.4% | 23.2% | 7.6% | 5.2% | 0.5 |
 FIS | $20B | 52.3 | 6.5 | 7.2 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
| Financial Services Median | — | 13.9 | 11.5 | 11.2 | 64.1% | 20.2% | 9.0% | 5.4% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Compare NowALRS — Frequently Asked Questions
Quick answers to the most common questions about buying ALRS stock.
What is Alerus Financial Corporation's P/E ratio?
Alerus Financial Corporation's current P/E ratio is 44.6x. The historical average is 16.8x. This places it at the 100th percentile of its historical range.
What is Alerus Financial Corporation's EV/EBITDA?
Alerus Financial Corporation's current EV/EBITDA is 28.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
What is Alerus Financial Corporation's ROE?
Alerus Financial Corporation's return on equity (ROE) is 3.3%. The historical average is 10.1%.
Is ALRS stock overvalued?
Based on historical data, Alerus Financial Corporation is trading at a P/E of 44.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Alerus Financial Corporation's dividend yield?
Alerus Financial Corporation's current dividend yield is 2.67% with a payout ratio of 119.4%.
What are Alerus Financial Corporation's profit margins?
Alerus Financial Corporation has 67.2% gross margin and 6.9% operating margin.
How much debt does Alerus Financial Corporation have?
Alerus Financial Corporation's Debt/EBITDA ratio is 11.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.