Latest Ratios: P/E Ratio 13.7x · EV/EBITDA 10.2x · ROE 13.9%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $970M | $1.0B | $829M | $719M | $528M | $429M | $626M | $597M | — | — |
| Enterprise Value | $1.5B | $1.1B | $1.3B | $1.1B | $1.4B | $330M | $443M | $641M | $609M | — | — |
| P/E Ratio → | 13.68 | 9.39 | 9.73 | 9.42 | 8.83 | 9.98 | 9.28 | 13.23 | 13.36 | — | — |
| P/S Ratio | 3.06 | 2.13 | 2.38 | 2.17 | 2.52 | 2.53 | 1.92 | 2.91 | 3.11 | — | — |
| P/B Ratio | 1.78 | 1.22 | 1.46 | 1.42 | 1.41 | 0.94 | 0.80 | 1.28 | 1.36 | — | — |
| P/FCF | 10.37 | 7.21 | 8.47 | 7.17 | 4.93 | 7.76 | 6.69 | 7.57 | 20.19 | — | — |
| P/OCF | 10.26 | 7.14 | 8.35 | 7.07 | 4.88 | 7.49 | 6.52 | 7.51 | 19.26 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.33 | 3.01 | 2.81 | 4.75 | 1.58 | 1.98 | 2.98 | 3.17 | — | — |
| EV / EBITDA | 10.23 | 7.31 | 8.68 | 8.19 | 11.42 | 4.37 | 6.38 | 9.14 | 10.98 | — | — |
| EV / EBIT | 10.58 | 7.56 | 8.99 | 8.61 | 12.51 | 4.67 | 7.16 | 9.99 | 12.11 | — | — |
| EV / FCF | — | 7.88 | 10.70 | 9.28 | 9.29 | 4.84 | 6.91 | 7.75 | 20.59 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 70.3% | 70.3% | 70.3% | 70.9% | 88.2% | 97.2% | 84.2% | 89.2% | 92.6% | 85.4% | 85.3% |
| Operating Margin | 30.8% | 30.8% | 33.4% | 32.6% | 37.9% | 33.9% | 27.7% | 29.8% | 26.2% | 11.8% | 10.3% |
| Net Profit Margin | 23.0% | 23.0% | 24.4% | 23.0% | 28.6% | 25.4% | 20.6% | 21.9% | 23.2% | 3.7% | 6.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 16.5% | 16.1% | 15.2% | 9.6% | 9.0% | 10.2% | 11.4% | 1.8% | 3.1% |
| ROA | 1.2% | 1.2% | 1.3% | 1.1% | 1.1% | 0.8% | 0.8% | 0.9% | 1.0% | 0.2% | 0.3% |
| ROIC | 10.9% | 10.9% | 11.1% | 8.8% | 8.5% | 8.3% | 7.6% | 8.3% | 5.9% | 1.7% | 1.3% |
| ROCE | 2.8% | 2.8% | 14.3% | 11.3% | 11.0% | 10.4% | 9.4% | 10.1% | 7.2% | 1.5% | 0.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.47 | 0.57 | 1.37 | 0.23 | 0.10 | 0.28 | 0.21 | 1.17 | 1.87 |
| Debt / EBITDA | 0.65 | 0.65 | 2.22 | 2.56 | 5.89 | 1.75 | 0.77 | 1.96 | 1.67 | 16.31 | 30.85 |
| Net Debt / Equity | — | 0.11 | 0.39 | 0.42 | 1.25 | -0.35 | 0.03 | 0.03 | 0.03 | 0.83 | 1.46 |
| Net Debt / EBITDA | 0.62 | 0.62 | 1.81 | 1.87 | 5.36 | -2.63 | 0.21 | 0.21 | 0.22 | 11.59 | 24.06 |
| Debt / FCF | — | 0.67 | 2.24 | 2.12 | 4.36 | -2.91 | 0.22 | 0.18 | 0.41 | 12.96 | — |
| Interest Coverage | 1.13 | 1.13 | 1.22 | 1.29 | 5.80 | 11.37 | 5.91 | 3.32 | 3.54 | 1.11 | 0.46 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 12.77 | 12.77 | 0.24 | 0.23 | 0.29 | 0.39 | 0.30 | 0.29 | 0.31 | 0.33 | 0.07 |
| Quick Ratio | 12.77 | 12.77 | 0.24 | 0.23 | 0.29 | 0.39 | 0.30 | 0.29 | 0.31 | 0.33 | 0.07 |
| Cash Ratio | 0.49 | 0.49 | 0.01 | 0.01 | 0.01 | 0.05 | 0.01 | 0.03 | 0.02 | 0.04 | 0.06 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 1.2% | 1.8% | 1.4% | 1.5% | 1.6% | 1.9% | 2.3% | 1.3% | 0.3% | — | — |
| Payout Ratio | 16.5% | 16.5% | 13.4% | 14.0% | 13.8% | 18.8% | 21.6% | 17.6% | 4.3% | 6.5% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.3% | 10.6% | 10.3% | 10.6% | 11.3% | 10.0% | 10.8% | 7.6% | 7.5% | — | — |
| FCF Yield | 9.6% | 13.9% | 11.8% | 14.0% | 20.3% | 12.9% | 15.0% | 13.2% | 5.0% | — | — |
| Buyback Yield | 2.5% | 3.6% | 0.1% | 1.0% | 1.7% | 0.6% | 1.6% | 0.9% | 1.2% | — | — |
| Total Shareholder Yield | 3.7% | 5.4% | 1.5% | 2.5% | 3.3% | 2.4% | 4.0% | 2.2% | 1.5% | — | — |
| Shares Outstanding | — | $30M | $31M | $31M | $31M | $32M | $31M | $32M | $31M | $32M | $30M |
NYC Commercial Real Estate
Based on recent market data, AMAL trades at a P/B of 1.79, which appears to discount the bank's unique institutional deposit franchise relative to regional peers, suggesting that investors may be misinterpreting the bank's specialized mission-aligned business model as a standard, commodity-driven regional banking operation.
The current valuation multiples imply a market skepticism regarding the sustainability of the bank's low-cost funding advantage. If the market were to recognize the stickiness of these institutional deposits, the P/B ratio might warrant a premium, as the bank's ROTCE potential is structurally supported by its unique client base.
As reported in financial statements, the bank's ROE has remained in a narrow 3.1% to 4.5% range over the last ten quarters, indicating that while the bank maintains a stable asset base, its profitability is currently constrained by a relatively low net interest margin of 0.9%.
The DuPont decomposition suggests that the bank's profitability is heavily reliant on its asset utilization rather than aggressive leverage. Investors should monitor whether the bank can improve its non-interest income contribution to boost ROE without significantly increasing the risk profile of its core lending activities.
According to quarterly filings, the efficiency ratio fluctuated between 33.5% and 45.1% over the past two years, demonstrating that the bank's specialized institutional service model requires a higher fixed cost base than traditional regional banks, which may limit operating leverage during periods of slower asset growth.
The bank's ability to maintain a sub-40% efficiency ratio in most quarters suggests effective cost control, yet the volatility in this metric warrants further investigation. It appears that the high-touch nature of the trust and custody business creates a structural floor for operating expenses that is difficult to compress.
Based on the latest reported figures, the bank has maintained a consistent equity-to-assets ratio of approximately 0.09, indicating that capital accumulation has kept pace with asset expansion and providing a stable regulatory buffer that supports the bank's current risk-weighted asset profile in the New York market.
This capital adequacy level appears sufficient for the bank's current growth trajectory, though it leaves limited room for aggressive capital returns. Investors should monitor whether management prioritizes maintaining this buffer over increasing dividends or share repurchases, given the potential for credit volatility in the multi-family loan book.
The P/E ratio is frequently misapplied to AMAL, as it fails to account for the biennial volatility in non-interest-bearing deposits driven by US election cycles, which can temporarily distort net interest income and create misleading trends in the bank's core earnings power and valuation multiples.
Investors should instead focus on P/TBV and core fee income growth, as these metrics provide a clearer view of the bank's underlying franchise value. Relying on P/E risks overestimating the bank's earnings during election years and underestimating its stability during quieter periods of the political cycle.
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying AMAL stock.
Amalgamated Financial Corp.'s current P/E ratio is 13.7x. The historical average is 10.4x. This places it at the 100th percentile of its historical range.
Amalgamated Financial Corp.'s current EV/EBITDA is 10.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.3x.
Amalgamated Financial Corp.'s return on equity (ROE) is 13.9%. The historical average is 10.7%.
Based on historical data, Amalgamated Financial Corp. is trading at a P/E of 13.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Amalgamated Financial Corp.'s current dividend yield is 1.22% with a payout ratio of 16.5%.
Amalgamated Financial Corp. has 70.3% gross margin and 30.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Amalgamated Financial Corp.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.