Bank of Marin Bancorp (BMRC) Financial Ratios
26 years of historical data (2000–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
4.96
↓-41% vs avg
5yr avg: 8.43
30Y Low4.2·High13.5
P/FCF
↓
11.44
-0% vs avg
5yr avg: 11.47
30Y Low6.4·High29.9
P/B Ratio
↓
1.06
+2% vs avg
5yr avg: 1.04
30Y Low0.8·High3.1
ROE
↑
10.5%
↓+62% vs avg
5yr avg: 6.4%
30Y Low-2%·High16%
Debt/EBITDA
↑
1.29
↓-37% vs avg
5yr avg: 2.03
30Y Low0.1·High5.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BMRC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bank of Marin Bancorp trades at 9.6x earnings, 30% below its 5-year average of 13.7x, sitting at the 4th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 28%. On a free-cash-flow basis, the stock trades at 11.4x P/FCF, roughly in line with the 5-year average of 11.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $423M | $414M | $381M | $353M | $525M | $537M | $468M | $621M | $579M | $427M | $427M |
| Enterprise Value | $267M | $258M | $266M | $398M | $731M | $215M | $297M | $454M | $554M | $229M | $383M |
| P/E Ratio → | 9.60 | 9.53 | — | 17.76 | 11.26 | 16.19 | 15.47 | 18.17 | 17.70 | 26.77 | 18.46 |
| P/S Ratio | 2.39 | 2.34 | 3.28 | 2.49 | 3.73 | 4.53 | 4.32 | 5.67 | 5.50 | 5.03 | 5.04 |
| P/B Ratio | 1.06 | 1.05 | 0.88 | 0.80 | 1.27 | 1.19 | 1.31 | 1.85 | 1.83 | 1.44 | 1.85 |
| P/FCF | 11.44 | 11.19 | 13.69 | 10.41 | 9.90 | 12.15 | 11.73 | 15.39 | 14.04 | 16.72 | 17.48 |
| P/OCF | 10.82 | 10.58 | 13.44 | 9.90 | 9.50 | 11.87 | 11.45 | 15.18 | 13.74 | 15.83 | 16.76 |
P/E links to full P/E history page with 30-year chart
BMRC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bank of Marin Bancorp's enterprise value stands at 5.0x EBITDA, 41% below its 5-year average of 8.4x. The Financial Services sector median is 11.4x, placing the stock at a 57% discount 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 | — | 1.46 | 2.28 | 2.81 | 5.19 | 1.82 | 2.75 | 4.14 | 5.26 | 2.70 | 4.53 |
| EV / EBITDA | 4.96 | 4.79 | — | 13.49 | 10.93 | 4.50 | 6.82 | 9.25 | 11.92 | 7.31 | 9.87 |
| EV / EBIT | 5.17 | 4.99 | — | 15.27 | 11.51 | 4.79 | 7.32 | 9.88 | 12.76 | 7.93 | 10.51 |
| EV / FCF | — | 6.97 | 9.54 | 11.73 | 13.78 | 4.87 | 7.45 | 11.23 | 13.45 | 8.97 | 15.71 |
BMRC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bank of Marin Bancorp earns an operating margin of 29.2%, above the Financial Services sector average of 21.2%. Operating margins have expanded from 18.4% to 29.2% over the past 3 years, signaling improving operational efficiency. ROE of 10.5% is modest. ROIC of 8.4% represents adequate returns on invested capital versus a sector median of 5.7%.
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 | 76.1% | 76.1% | 55.4% | 72.5% | 98.5% | 99.2% | 91.5% | 94.8% | 96.6% | 97.4% | 99.5% |
| Operating Margin | 29.2% | 29.2% | -11.9% | 18.4% | 45.1% | 37.9% | 37.5% | 41.9% | 41.3% | 34.0% | 43.1% |
| Net Profit Margin | 24.6% | 24.6% | -7.2% | 14.0% | 33.1% | 28.1% | 28.0% | 31.3% | 31.0% | 18.8% | 27.3% |
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 | 10.5% | 10.5% | -1.9% | 4.7% | 10.8% | 8.2% | 8.7% | 10.5% | 10.6% | 6.1% | 10.4% |
| ROA | 1.1% | 1.1% | -0.2% | 0.5% | 1.1% | 0.9% | 1.1% | 1.3% | 1.3% | 0.7% | 1.1% |
| ROIC | 8.4% | 8.4% | -2.1% | 3.3% | 8.4% | 7.8% | 8.2% | 10.1% | 10.4% | 8.0% | 10.5% |
| ROCE | 2.4% | 2.4% | -2.9% | 5.6% | 13.9% | 10.4% | 11.0% | 13.5% | 13.8% | 10.7% | 13.9% |
BMRC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bank of Marin Bancorp carries a Debt/EBITDA ratio of 1.3x, which is manageable (69% below the sector average of 4.1x). The company holds a net cash position — cash of $225M exceeds total debt of $69M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 1.2x 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 | 0.18 | 0.18 | 0.05 | 0.17 | 0.61 | 0.06 | 0.08 | 0.05 | 0.03 | 0.02 | 0.02 |
| Debt / EBITDA | 1.29 | 1.29 | — | 2.55 | 3.76 | 0.54 | 0.69 | 0.32 | 0.21 | 0.18 | 0.14 |
| Net Debt / Equity | — | -0.40 | -0.27 | 0.10 | 0.50 | -0.71 | -0.48 | -0.50 | -0.08 | -0.67 | -0.19 |
| Net Debt / EBITDA | -2.90 | -2.90 | — | 1.52 | 3.08 | -6.74 | -3.91 | -3.42 | -0.53 | -6.32 | -1.11 |
| Debt / FCF | — | -4.22 | -4.15 | 1.32 | 3.88 | -7.28 | -4.28 | -4.16 | -0.60 | -7.75 | -1.77 |
| Interest Coverage | 1.22 | 1.22 | -0.30 | 0.71 | 24.92 | 13.19 | 13.62 | 9.65 | 12.28 | 16.54 | 16.08 |
Net cash position: cash ($225M) exceeds total debt ($69M)
BMRC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Bank of Marin Bancorp's current ratio of 473.15x 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 0.01x to 473.15x 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 | 473.15 | 473.15 | 0.08 | 0.01 | 0.03 | 0.41 | 0.25 | 0.29 | 0.26 | 0.28 | 0.27 |
| Quick Ratio | 473.15 | 473.15 | 0.08 | 0.01 | 0.03 | 0.41 | 0.25 | 0.29 | 0.26 | 0.28 | 0.27 |
| Cash Ratio | 46.03 | 46.03 | 0.04 | 0.01 | 0.01 | 0.09 | 0.08 | 0.08 | 0.02 | 0.09 | 0.03 |
| Asset Turnover | — | 0.05 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BMRC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bank of Marin Bancorp returns 4.6% to shareholders annually — split between a 3.9% dividend yield and 0.8% buyback yield. The payout ratio of 37.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 10.4% (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 | 3.9% | 3.9% | 4.2% | 4.6% | 3.0% | 2.4% | 2.7% | 1.8% | 1.5% | 1.6% | 1.5% |
| Payout Ratio | 37.2% | 37.2% | — | 81.0% | 33.6% | 39.4% | 41.4% | 32.0% | 27.2% | 43.2% | 26.9% |
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 | 10.4% | 10.5% | — | 5.6% | 8.9% | 6.2% | 6.5% | 5.5% | 5.6% | 3.7% | 5.4% |
| FCF Yield | 8.7% | 8.9% | 7.3% | 9.6% | 10.1% | 8.2% | 8.5% | 6.5% | 7.1% | 6.0% | 5.7% |
| Buyback Yield | 0.8% | 0.8% | 1.1% | 0.0% | 0.2% | 7.6% | 1.5% | 2.4% | 1.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.6% | 4.7% | 5.4% | 4.6% | 3.2% | 10.1% | 4.1% | 4.2% | 2.7% | 1.6% | 1.5% |
| Shares Outstanding | — | $16M | $16M | $16M | $16M | $14M | $14M | $14M | $14M | $13M | $12M |
Peer Comparison
Compare BMRC 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 |
|---|---|---|---|---|---|---|---|---|---|
 BMRCYou | $423M | 9.6 | 5.0 | 11.4 | 76.1% | 29.2% | 10.5% | 8.4% | 1.3 |
 WABC | $1B | 10.5 | 4.6 | 9.8 | 94.3% | 60.8% | 16.7% | 15.1% | 0.7 |
 HTBK | $828M | 17.2 | 11.9 | 13.6 | 72.6% | 25.4% | 6.8% | 6.9% | 0.6 |
 CVBF | $3B | 13.6 | 13.1 | 12.9 | 79.9% | 43.8% | 9.3% | 6.8% | 3.5 |
 NBTB | $2B | 13.6 | 10.4 | 10.8 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 BPOP | $10B | 12.2 | 10.9 | 14.3 | 66.1% | 22.7% | 14.0% | 10.2% | 1.6 |
 HAFC | $909M | 12.1 | 8.6 | 4.5 | 57.5% | 24.3% | 10.0% | 7.4% | 2.5 |
 BANR | $2B | 11.7 | 9.6 | 9.0 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 COLB | $7B | 13.1 | 11.9 | 10.2 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 PFBC | $1B | 9.2 | 3.9 | 7.0 | 55.0% | 38.0% | 17.2% | 13.5% | 2.0 |
 SMBC | $769M | 13.4 | 8.5 | 10.2 | 57.7% | 24.2% | 11.3% | 8.5% | 1.7 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBMRC — Frequently Asked Questions
Quick answers to the most common questions about buying BMRC stock.
What is Bank of Marin Bancorp's P/E ratio?
Bank of Marin Bancorp's current P/E ratio is 9.6x. The historical average is 15.9x. This places it at the 4th percentile of its historical range.
What is Bank of Marin Bancorp's EV/EBITDA?
Bank of Marin Bancorp's current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
What is Bank of Marin Bancorp's ROE?
Bank of Marin Bancorp's return on equity (ROE) is 10.5%. The historical average is 10.8%.
Is BMRC stock overvalued?
Based on historical data, Bank of Marin Bancorp is trading at a P/E of 9.6x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bank of Marin Bancorp's dividend yield?
Bank of Marin Bancorp's current dividend yield is 3.87% with a payout ratio of 37.2%.
What are Bank of Marin Bancorp's profit margins?
Bank of Marin Bancorp has 76.1% gross margin and 29.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Bank of Marin Bancorp have?
Bank of Marin Bancorp's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.