Ames National Corporation (ATLO) Financial Ratios
26 years of historical data (2000–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.69
+17% vs avg
5yr avg: 10.81
30Y Low2.7·High36.0
P/FCF
↑
13.20
↑+24% vs avg
5yr avg: 10.65
30Y Low7.7·High38.4
P/B Ratio
↓
1.32
↑+21% vs avg
5yr avg: 1.10
30Y Low0.8·High2.4
ROE
↓
9.9%
↓+10% vs avg
5yr avg: 9.0%
30Y Low6%·High12%
Debt/EBITDA
↑
2.44
↓-51% vs avg
5yr avg: 5.01
30Y Low0.7·High11.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ATLO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ames National Corporation trades at 14.4x earnings, 14% above its 5-year average of 12.7x, sitting at the 38th percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.9x. On a free-cash-flow basis, the stock trades at 13.2x P/FCF, 24% above the 5-year average of 10.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $273M | $205M | $148M | $192M | $213M | $223M | $220M | $259M | $237M | $260M | $307M |
| Enterprise Value | $313M | $245M | $140M | $292M | $251M | $160M | $69M | $163M | $236M | $254M | $332M |
| P/E Ratio → | 14.42 | 10.73 | 14.41 | 17.78 | 11.03 | 9.35 | 11.66 | 15.09 | 13.89 | 18.95 | 19.53 |
| P/S Ratio | 2.78 | 2.09 | 1.60 | 2.30 | 2.99 | 3.14 | 2.99 | 4.00 | 4.11 | 4.82 | 5.89 |
| P/B Ratio | 1.32 | 0.99 | 0.85 | 1.16 | 1.43 | 1.07 | 1.05 | 1.38 | 1.37 | 1.52 | 1.86 |
| P/FCF | 13.20 | 9.90 | 10.55 | 13.41 | 11.61 | 7.81 | 7.72 | 13.36 | 11.79 | 14.24 | 14.82 |
| P/OCF | 12.80 | 9.60 | 10.33 | 9.99 | 10.05 | 7.33 | 7.40 | 12.84 | 11.43 | 13.77 | 14.35 |
P/E links to full P/E history page with 30-year chart
ATLO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ames National Corporation's enterprise value stands at 12.7x EBITDA, 17% above its 5-year average of 10.8x. The Financial Services sector median is 11.1x, placing the stock at a 14% 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 | — | 2.49 | 1.51 | 3.50 | 3.52 | 2.25 | 0.93 | 2.51 | 4.09 | 4.72 | 6.37 |
| EV / EBITDA | 12.69 | 9.91 | 10.03 | 19.98 | 9.22 | 4.89 | 2.69 | 7.11 | 10.25 | 11.15 | 13.76 |
| EV / EBIT | 13.48 | 10.54 | 11.41 | 22.69 | 9.96 | 5.22 | 2.95 | 7.73 | 10.99 | 11.94 | 14.72 |
| EV / FCF | — | 11.82 | 9.98 | 20.43 | 13.63 | 5.60 | 2.41 | 8.38 | 11.73 | 13.94 | 16.00 |
ATLO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ames National Corporation earns an operating margin of 23.6%, above the Financial Services sector average of 20.0%. Operating margins have expanded from 15.4% to 23.6% over the past 3 years, signaling improving operational efficiency. ROE of 9.9% is modest. ROIC of 6.4% represents adequate returns on invested capital versus a sector median of 5.3%.
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 | 66.3% | 66.3% | 58.7% | 63.5% | 89.6% | 94.8% | 81.3% | 81.1% | 85.7% | 86.8% | 91.1% |
| Operating Margin | 23.6% | 23.6% | 13.2% | 15.4% | 35.3% | 43.2% | 31.6% | 32.5% | 37.2% | 39.6% | 43.2% |
| Net Profit Margin | 19.4% | 19.4% | 11.1% | 13.0% | 27.1% | 33.7% | 25.6% | 26.5% | 29.5% | 25.5% | 30.2% |
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 | 9.9% | 9.9% | 6.0% | 6.9% | 10.8% | 11.5% | 9.5% | 9.5% | 9.9% | 8.2% | 9.6% |
| ROA | 0.9% | 0.9% | 0.5% | 0.5% | 0.9% | 1.2% | 1.0% | 1.1% | 1.2% | 1.0% | 1.2% |
| ROIC | 6.4% | 6.4% | 3.0% | 3.5% | 7.9% | 9.2% | 7.2% | 6.8% | 6.9% | 6.6% | 6.8% |
| ROCE | 2.4% | 2.4% | 4.7% | 5.4% | 12.5% | 14.4% | 11.4% | 10.9% | 11.0% | 10.8% | 11.6% |
ATLO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ames National Corporation carries a Debt/EBITDA ratio of 2.4x, which is manageable (42% below the sector average of 4.2x). Net debt stands at $40M ($60M total debt minus $20M cash). Interest coverage of just 0.7x 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 | 0.29 | 0.29 | 0.57 | 0.99 | 0.54 | 0.21 | 0.19 | 0.25 | 0.32 | 0.37 | 0.52 |
| Debt / EBITDA | 2.44 | 2.44 | 7.13 | 11.24 | 2.94 | 1.31 | 1.58 | 2.06 | 2.40 | 2.81 | 3.56 |
| Net Debt / Equity | — | 0.19 | -0.05 | 0.61 | 0.25 | -0.30 | -0.72 | -0.51 | -0.01 | -0.03 | 0.15 |
| Net Debt / EBITDA | 1.61 | 1.61 | -0.58 | 6.87 | 1.37 | -1.93 | -5.93 | -4.22 | -0.05 | -0.24 | 1.02 |
| Debt / FCF | — | 1.92 | -0.57 | 7.03 | 2.03 | -2.21 | -5.31 | -4.98 | -0.06 | -0.30 | 1.19 |
| Interest Coverage | 0.74 | 0.74 | 0.33 | 0.43 | 3.03 | 6.84 | 2.87 | 1.93 | 2.82 | 3.81 | 5.45 |
ATLO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Ames National Corporation's current ratio of 4.95x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.43x to 4.95x 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 | 4.95 | 4.95 | 0.17 | 0.43 | 0.43 | 0.49 | 0.45 | 0.41 | 0.41 | 0.49 | 0.50 |
| Quick Ratio | 4.95 | 4.95 | 0.17 | 0.43 | 0.43 | 0.49 | 0.45 | 0.41 | 0.41 | 0.49 | 0.50 |
| Cash Ratio | 0.05 | 0.05 | 0.06 | 0.03 | 0.02 | 0.06 | 0.11 | 0.09 | 0.04 | 0.06 | 0.05 |
| Asset Turnover | — | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ATLO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ames National Corporation returns 3.2% to shareholders annually — split between a 2.6% dividend yield and 0.6% buyback yield. The payout ratio of 37.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.9% (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 | 2.6% | 3.5% | 6.1% | 5.1% | 4.5% | 4.2% | 4.1% | 3.4% | 4.6% | 3.1% | 2.5% |
| Payout Ratio | 37.4% | 37.4% | 88.9% | 89.8% | 50.1% | 39.3% | 48.1% | 51.1% | 63.5% | 59.1% | 49.1% |
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 | 6.9% | 9.3% | 6.9% | 5.6% | 9.1% | 10.7% | 8.6% | 6.6% | 7.2% | 5.3% | 5.1% |
| FCF Yield | 7.6% | 10.1% | 9.5% | 7.5% | 8.6% | 12.8% | 13.0% | 7.5% | 8.5% | 7.0% | 6.7% |
| Buyback Yield | 0.6% | 0.8% | 0.5% | 0.0% | 1.1% | 0.3% | 0.9% | 0.7% | 0.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.2% | 4.3% | 6.6% | 5.1% | 5.6% | 4.5% | 5.0% | 4.1% | 4.8% | 3.1% | 2.5% |
| Shares Outstanding | — | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M |
Peer Comparison
Compare ATLO 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 |
|---|---|---|---|---|---|---|---|---|---|
 ATLOYou | $273M | 14.4 | 12.7 | 13.2 | 66.3% | 23.6% | 9.9% | 6.4% | 2.4 |
 MVBF | $363M | 13.7 | 5.0 | 171.8 | 71.7% | 13.6% | 8.4% | 7.0% | 2.0 |
 FBIZ | $518M | 10.2 | 12.3 | 8.5 | 57.3% | 21.6% | 14.4% | 7.0% | 4.3 |
 HFWA | $977M | 14.7 | 12.1 | 11.4 | 72.4% | 23.2% | 7.6% | 5.2% | 0.5 |
 CZWI | $221M | 15.7 | 17.3 | 21.3 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 MOFG | $1B | -13.9 | — | 16.7 | 29.4% | -40.8% | -11.1% | -9.4% | — |
 IROQ | $89M | 19.4 | 21.7 | 13.6 | 54.7% | 12.2% | 5.5% | 2.9% | 11.2 |
 STBA | $2B | 13.8 | 10.7 | 13.4 | 69.4% | 29.5% | 9.4% | 7.4% | 1.8 |
 BFIN | $150M | 36.4 | 13.4 | 27.3 | 66.2% | 6.8% | 2.6% | 1.9% | 7.5 |
 CFFI | $257M | 9.5 | 8.0 | 11.6 | 69.5% | 17.8% | 11.0% | 6.8% | 3.1 |
 SBCF | $3B | 20.1 | 18.7 | 17.2 | 61.6% | 21.4% | 5.5% | 3.9% | 5.9 |
| Financial Services Median | — | 13.9 | 11.1 | 11.2 | 64.0% | 20.0% | 8.9% | 5.3% | 4.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
ATLO — Frequently Asked Questions
Quick answers to the most common questions about buying ATLO stock.
What is Ames National Corporation's P/E ratio?
Ames National Corporation's current P/E ratio is 14.4x. The historical average is 18.1x. This places it at the 38th percentile of its historical range.
What is Ames National Corporation's EV/EBITDA?
Ames National Corporation's current EV/EBITDA is 12.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
What is Ames National Corporation's ROE?
Ames National Corporation's return on equity (ROE) is 9.9%. The historical average is 9.8%.
Is ATLO stock overvalued?
Based on historical data, Ames National Corporation is trading at a P/E of 14.4x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ames National Corporation's dividend yield?
Ames National Corporation's current dividend yield is 2.58% with a payout ratio of 37.4%.
What are Ames National Corporation's profit margins?
Ames National Corporation has 66.3% gross margin and 23.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ames National Corporation have?
Ames National Corporation's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.