Latest Ratios: P/E Ratio 8.5x · EV/EBITDA 8.0x · ROE 11.0%. (2014–2025 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 | $153M | $170M | $149M | $129M | $122M | $148M | $127M | $146M | $127M | $132M | $124M |
| Enterprise Value | $175M | $192M | $187M | $174M | $174M | $202M | $125M | $146M | $124M | $132M | $120M |
| P/E Ratio → | 8.53 | 9.53 | 8.93 | 6.39 | 22.72 | 11.69 | 16.31 | 11.61 | 12.61 | 10.94 | 17.63 |
| P/S Ratio | 8.79 | 9.81 | 5.07 | 4.51 | 5.66 | 8.50 | 7.62 | 8.95 | 7.14 | 7.58 | 7.26 |
| P/B Ratio | 0.89 | 0.99 | 0.96 | 0.85 | 0.83 | 0.96 | 0.90 | 1.02 | 0.90 | 0.93 | 0.89 |
| P/FCF | 14.04 | 15.68 | 10.85 | 8.57 | 7.70 | — | — | 3.55 | — | 3.17 | — |
| P/OCF | 14.04 | 15.68 | 10.85 | 8.57 | 7.70 | — | — | 3.55 | — | 3.17 | — |
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 | — | 11.08 | 6.36 | 6.07 | 8.07 | 11.63 | 7.48 | 8.95 | 6.98 | 7.57 | 7.04 |
| EV / EBITDA | 8.03 | 8.85 | 8.01 | 7.71 | 11.09 | 16.53 | 10.60 | 12.70 | 9.82 | 10.78 | 10.01 |
| EV / EBIT | 7.98 | 8.85 | 8.01 | 7.71 | 11.09 | 16.53 | 10.60 | 12.70 | 9.82 | 10.86 | 10.03 |
| EV / FCF | — | 17.70 | 13.60 | 11.53 | 10.97 | — | — | 3.55 | — | 3.17 | — |
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 | 76.4% | 76.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 126.0% | 126.0% | 79.7% | 79.0% | 73.0% | 70.5% | 71.2% | 71.0% | 71.5% | 70.3% | 70.2% |
| Net Profit Margin | 103.0% | 103.0% | 56.8% | 70.6% | 24.9% | 72.8% | 46.7% | 77.1% | 56.6% | 69.2% | 41.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 11.0% | 10.9% | 13.5% | 3.6% | 8.6% | 5.5% | 8.9% | 7.1% | 8.6% | 5.0% |
| ROA | 8.7% | 8.7% | 8.1% | 9.8% | 2.5% | 6.2% | 4.4% | 7.0% | 5.5% | 6.4% | 3.5% |
| ROIC | 8.2% | 8.2% | 8.8% | 8.5% | 5.7% | 4.6% | 5.2% | 4.9% | 5.3% | 6.0% | 6.4% |
| ROCE | 10.6% | 10.6% | 11.7% | 11.2% | 7.5% | 6.1% | 6.7% | 6.6% | 7.1% | 6.6% | 6.0% |
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 | 0.15 | 0.15 | 0.30 | 0.30 | 0.38 | 0.39 | 0.31 | 0.12 | 0.36 | 0.18 | — |
| Debt / EBITDA | 1.16 | 1.16 | 2.00 | 1.99 | 3.55 | 4.91 | 3.66 | 1.54 | 4.05 | 2.11 | — |
| Net Debt / Equity | — | 0.13 | 0.24 | 0.29 | 0.35 | 0.35 | -0.02 | -0.00 | -0.02 | -0.00 | -0.03 |
| Net Debt / EBITDA | 1.01 | 1.01 | 1.62 | 1.97 | 3.31 | 4.44 | -0.19 | -0.00 | -0.22 | -0.00 | -0.31 |
| Debt / FCF | — | 2.02 | 2.75 | 2.95 | 3.27 | — | — | -0.00 | — | -0.00 | — |
| Interest Coverage | 5.64 | 5.64 | 5.85 | 6.36 | 6.72 | 9.41 | 15.35 | 8.16 | 6.61 | 6.87 | 6.73 |
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 | — | — | 0.57 | 1.28 | 1.03 | 0.59 | — | 0.56 | 46.57 | 52.88 | — |
| Quick Ratio | — | — | 0.57 | 1.28 | 1.03 | 0.59 | — | 0.56 | 46.57 | 52.88 | — |
| Cash Ratio | — | — | 1.89 | 0.09 | 1.09 | 1.32 | — | 0.01 | 0.65 | 0.01 | — |
| Asset Turnover | — | 0.09 | 0.14 | 0.14 | 0.10 | 0.08 | 0.09 | 0.10 | 0.09 | 0.10 | 0.08 |
| 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 | 11.5% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 79.8% | 74.3% | 215.9% | 81.2% | 126.7% | 84.9% | 97.5% | 78.7% | 129.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.7% | 10.5% | 11.2% | 15.6% | 4.4% | 8.6% | 6.1% | 8.6% | 7.9% | 9.1% | 5.7% |
| FCF Yield | 7.1% | 6.4% | 9.2% | 11.7% | 13.0% | — | — | 28.1% | — | 31.5% | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 11.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $8M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M |
Level 3 Valuation Sensitivity
Based on reported figures, BANX trades at a P/B of 0.88, which suggests that the market is pricing in a significant discount to NAV, likely reflecting investor skepticism regarding the fair value of its Level 3 community bank debt holdings in the current interest rate environment.
The P/E ratio of 8.48 appears low relative to broader market indices, yet this valuation is typical for closed-end funds facing structural revenue contraction. Investors should monitor whether this discount represents a genuine value opportunity or a rational market response to the potential for further asset write-downs.
According to recent financial statements, BANX has seen its ROIC trend downward to 3.3% in 2025Q4, indicating that the fund is struggling to generate meaningful returns on its invested capital compared to the 4.6% peak observed in 2023Q4, suggesting a decay in underlying asset productivity.
The decline in ROIC highlights the difficulty of deploying capital into the Tier 2 banking niche while maintaining yield spreads. This trend warrants further investigation into whether the current investment strategy is effectively capturing the risk premium required for subordinated debt instruments.
As reported in financial filings, BANX maintains a conservative debt-to-equity ratio of 0.15%, which, while providing a buffer against market volatility, appears to limit the fund's ability to amplify returns through leverage, a strategy that contrasts with the higher leverage ratios seen in peer BDCs.
The low leverage profile suggests a management preference for capital preservation over aggressive growth. While this protects the fund from forced liquidations, it may also explain the underperformance relative to peers that utilize more robust debt structures to enhance their net interest margins.
Based on comparative analysis, BANX's 11.6% dividend yield and low leverage profile distinguish it from peers like PFLT and SLRC, which carry significantly higher debt-to-equity ratios, suggesting that BANX is positioned as a more defensive, albeit lower-growth, vehicle within the specialized financial services sector.
The gap in valuation multiples between BANX and its peers appears structural rather than temporary, driven by the fund's unique focus on community bank subordinated debt. Investors should note that this specialization creates a distinct risk-return profile that is not directly comparable to broader BDC or credit fund benchmarks.
The P/E ratio is frequently misapplied to BANX, as it obscures the reality that earnings for this closed-end fund are heavily influenced by non-cash valuation adjustments rather than sustainable operating cash flow, making it a poor metric for assessing the fund's true distribution-paying capacity.
Analysts should prioritize Net Investment Income (NII) and NAV trends over P/E multiples to better understand the fund's operational health. Relying on P/E ratios in this context may lead to an inaccurate assessment of the fund's ability to sustain its dividend yield over the long term.
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying BANX stock.
ArrowMark Financial Corp.'s current P/E ratio is 8.5x. The historical average is 13.8x. This places it at the 8th percentile of its historical range.
ArrowMark Financial Corp.'s current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
ArrowMark Financial Corp.'s return on equity (ROE) is 11.0%. The historical average is 7.6%.
Based on historical data, ArrowMark Financial Corp. is trading at a P/E of 8.5x. This is at the 8th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ArrowMark Financial Corp.'s current dividend yield is 11.51%.
ArrowMark Financial Corp. has 76.4% gross margin and 126.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
ArrowMark Financial Corp.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.