Latest Ratios: P/E Ratio 16.7x · EV/EBITDA 16.0x · ROE 7.5%. (1996–2025 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 | $642M | $520M | $468M | $446M | $484M | $435M | $345M | $396M | $349M | $413M | $288M |
| Enterprise Value | $831M | $709M | $687M | $653M | $786M | $363M | $455M | $870M | $974M | $1.2B | $1.2B |
| P/E Ratio → | 16.67 | 13.50 | 10.77 | 9.95 | 11.13 | 11.08 | 10.36 | 17.51 | 10.58 | 15.89 | 19.36 |
| P/S Ratio | 2.64 | 2.14 | 2.09 | 2.97 | 3.00 | 2.84 | 2.04 | 2.41 | 2.25 | 2.91 | 4.13 |
| P/B Ratio | 1.21 | 0.98 | 1.02 | 1.03 | 1.23 | 1.03 | 0.84 | 1.00 | 0.94 | 1.16 | 1.84 |
| P/FCF | 14.77 | 11.97 | 10.41 | 10.92 | 9.07 | 7.58 | 10.99 | 18.95 | 10.60 | 11.17 | 23.09 |
| P/OCF | 13.30 | 10.78 | 8.94 | 9.41 | 8.66 | 7.36 | 9.04 | 13.16 | 9.25 | 10.29 | 17.18 |
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 | — | 2.91 | 3.06 | 4.34 | 4.88 | 2.37 | 2.69 | 5.29 | 6.27 | 8.11 | 17.34 |
| EV / EBITDA | 15.97 | 13.63 | 12.26 | 8.06 | 12.83 | 6.58 | 9.59 | 27.34 | 21.63 | 24.52 | 53.94 |
| EV / EBIT | 17.93 | 15.30 | 13.05 | — | 14.33 | 7.47 | 10.92 | 32.43 | 24.05 | 27.03 | 58.20 |
| EV / FCF | — | 16.31 | 15.27 | 15.97 | 14.72 | 6.33 | 14.49 | 41.66 | 29.58 | 31.16 | 96.93 |
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 | 67.4% | 67.4% | 66.6% | 100.0% | 89.1% | 90.8% | 80.7% | 70.9% | 74.7% | 81.2% | 81.3% |
| Operating Margin | 19.0% | 19.0% | 23.4% | 49.6% | 34.0% | 31.8% | 24.6% | 16.3% | 26.1% | 30.0% | 29.8% |
| Net Profit Margin | 15.2% | 15.2% | 19.4% | 29.8% | 27.0% | 25.7% | 19.7% | 13.8% | 21.2% | 18.3% | 21.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.5% | 7.5% | 9.8% | 10.9% | 10.7% | 9.4% | 8.2% | 5.9% | 9.1% | 10.2% | 9.6% |
| ROA | 0.8% | 0.8% | 1.1% | 1.1% | 1.1% | 1.1% | 0.9% | 0.6% | 0.9% | 1.0% | 0.9% |
| ROIC | 4.5% | 4.5% | 5.3% | 7.4% | 5.9% | 5.4% | 3.7% | 2.0% | 2.7% | 2.8% | 1.8% |
| ROCE | 7.2% | 7.2% | 9.1% | 13.3% | 10.0% | 2.3% | 2.0% | 3.1% | 3.5% | 5.6% | 6.8% |
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 | 0.51 | 0.51 | 0.63 | 0.70 | 1.00 | 0.42 | 0.82 | 1.34 | 1.95 | 2.34 | 5.94 |
| Debt / EBITDA | 5.18 | 5.18 | 5.19 | 3.72 | 6.44 | 3.23 | 7.08 | 16.69 | 16.07 | 17.66 | 41.47 |
| Net Debt / Equity | — | 0.35 | 0.48 | 0.48 | 0.77 | -0.17 | 0.27 | 1.20 | 1.69 | 2.08 | 5.89 |
| Net Debt / EBITDA | 3.63 | 3.63 | 3.90 | 2.55 | 4.93 | -1.30 | 2.32 | 14.91 | 13.88 | 15.73 | 41.09 |
| Debt / FCF | — | 4.34 | 4.86 | 5.06 | 5.66 | -1.25 | 3.50 | 22.71 | 18.98 | 19.99 | 73.84 |
| Interest Coverage | 0.62 | 0.62 | 0.70 | -0.11 | 4.27 | 3.19 | 1.55 | 0.59 | 1.11 | 1.78 | 1.72 |
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 | 0.17 | 0.17 | 0.17 | 0.19 | 0.19 | 0.28 | 8.68 | 0.24 | 0.33 | 0.34 | 0.37 |
| Quick Ratio | 0.17 | 0.17 | 0.17 | 0.19 | 0.19 | 0.28 | 8.68 | 0.24 | 0.33 | 0.34 | 0.37 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.08 | 2.42 | 0.02 | 0.04 | 0.04 | 0.01 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 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 | 3.2% | 3.9% | 3.8% | 3.7% | 3.2% | 3.2% | 3.9% | 3.4% | 3.5% | 2.8% | 2.3% |
| Payout Ratio | 55.3% | 55.3% | 40.9% | 36.9% | 35.2% | 35.8% | 40.4% | 59.1% | 37.0% | 44.3% | 44.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 7.4% | 9.3% | 10.0% | 9.0% | 9.0% | 9.7% | 5.7% | 9.5% | 6.3% | 5.2% |
| FCF Yield | 6.8% | 8.4% | 9.6% | 9.2% | 11.0% | 13.2% | 9.1% | 5.3% | 9.4% | 9.0% | 4.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.1% | 0.1% | 0.1% | 0.1% | 0.2% |
| Total Shareholder Yield | 3.2% | 3.9% | 3.8% | 3.7% | 3.2% | 3.2% | 8.0% | 3.4% | 3.6% | 2.9% | 2.5% |
| Shares Outstanding | — | $17M | $15M | $15M | $15M | $15M | $15M | $16M | $16M | $15M | $9M |
Regional CRE concentration
Based on recent market data, BHB trades at a P/B of 1.23, which suggests investors are assigning a premium to the bank's wealth management franchise relative to its regional peers, despite the current compression in core profitability metrics observed over the last ten quarters.
The valuation multiple appears to incorporate an expectation of long-term stability from the trust-heavy business model rather than pure-play lending growth. Investors should monitor whether this premium is sustainable if the current ROE levels, which have hovered near 2% recently, fail to show a meaningful recovery toward historical norms.
According to quarterly financial statements, the bank's ROE has remained constrained in the low single digits, with the 2026Q1 figure of 2.5% highlighting that the combination of stagnant NIM and rising efficiency ratios is currently limiting the bank's ability to generate meaningful shareholder returns.
The decomposition of profitability suggests that the bank's reliance on a high-cost branch network is creating operating leverage challenges. While the wealth management segment provides a necessary fee-based buffer, it currently appears insufficient to offset the structural pressure on interest-based margins in the competitive Northern New England market.
As reported in recent filings, the efficiency ratio has trended upward from 42.5% in 2024Q3 to 54.5% in 2026Q1, indicating that the bank's cost structure is expanding faster than its revenue base, which warrants further investigation into the sustainability of its current branch-heavy operating model.
The persistent NIM compression at 0.8% suggests that the bank is struggling to pass through higher funding costs to its loan customers. This trend implies that management may face difficult trade-offs between maintaining its physical footprint and achieving the operating leverage required to improve core profitability.
Based on the company's reported figures, the equity-to-assets ratio of 0.12 in 2026Q1 demonstrates a stable capital position that provides a sufficient buffer against potential credit volatility, even as the bank continues to expand its total asset base across the tri-state corridor.
The bank's capital adequacy appears robust enough to support its current dividend policy and organic growth initiatives. However, investors should monitor whether the concentration in regional commercial real estate necessitates a higher capital cushion than the current levels suggest, particularly if regional economic conditions deteriorate.
The P/E ratio of 16.99 is frequently misapplied to BHB, as it obscures the volatility inherent in CECL-driven provision expenses and the significant impact of AOCI on tangible book value, which are more critical indicators of bank health than simple earnings multiples.
Investors should prioritize P/TBV over P/E to better capture the underlying value of the bank's equity, especially given the sensitivity of the securities portfolio to interest rate fluctuations. Relying on P/E ignores the capital-intensive nature of the business and the accounting nuances that can artificially inflate or deflate reported net income.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BHB stock.
Bar Harbor Bankshares's current P/E ratio is 16.7x. The historical average is 13.5x. This places it at the 83th percentile of its historical range.
Bar Harbor Bankshares's current EV/EBITDA is 16.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.6x.
Bar Harbor Bankshares's return on equity (ROE) is 7.5%. The historical average is 10.6%.
Based on historical data, Bar Harbor Bankshares is trading at a P/E of 16.7x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Bar Harbor Bankshares's current dividend yield is 3.18% with a payout ratio of 55.3%.
Bar Harbor Bankshares has 67.4% gross margin and 19.0% operating margin. Operating margin between 10-20% is typical for established companies.
Bar Harbor Bankshares's Debt/EBITDA ratio is 5.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.