Bankwell Financial Group, Inc. (BWFG) Financial Ratios
23 years of historical data (2003–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
7.03
↑+111% vs avg
5yr avg: 3.32
30Y Low0.8·High70.6
P/FCF
↑
15.87
↑+103% vs avg
5yr avg: 7.83
30Y Low2.9·High83.0
P/B Ratio
↓
1.35
↑+31% vs avg
5yr avg: 1.03
30Y Low0.9·High2.0
ROE
↓
12.3%
↓+0% vs avg
5yr avg: 12.3%
30Y Low-9%·High17%
Debt/EBITDA
↑
3.42
↓-19% vs avg
5yr avg: 4.23
30Y Low2.3·High37.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BWFG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bankwell Financial Group, Inc. trades at 11.7x earnings, roughly in line with its 5-year average of 11.6x, sitting at the 25th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 12%. On a free-cash-flow basis, the stock trades at 15.9x P/FCF, 103% above the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $415M | $359M | $241M | $231M | $225M | $255M | $151M | $225M | $223M | $263M | $243M |
| Enterprise Value | $369M | $313M | $107M | $122M | $39M | $48M | $-53599744 | $322M | $333M | $417M | $332M |
| P/E Ratio → | 11.69 | 10.30 | 25.33 | 6.46 | 6.14 | 9.77 | 26.07 | 12.48 | 12.99 | 19.29 | 20.06 |
| P/S Ratio | 2.00 | 1.73 | 1.23 | 1.19 | 1.86 | 2.93 | 1.88 | 2.55 | 2.66 | 3.47 | 3.82 |
| P/B Ratio | 1.35 | 1.19 | 0.89 | 0.87 | 0.94 | 1.26 | 0.86 | 1.23 | 1.28 | 1.64 | 1.67 |
| P/FCF | 15.87 | 13.73 | 8.22 | 7.72 | 2.89 | 6.57 | 83.00 | 37.51 | 13.43 | 14.09 | 27.14 |
| P/OCF | 15.21 | 13.15 | 8.05 | 7.23 | 2.72 | 7.38 | — | 33.86 | 11.17 | 12.80 | 14.01 |
P/E links to full P/E history page with 30-year chart
BWFG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bankwell Financial Group, Inc.'s enterprise value stands at 7.0x EBITDA, 111% above its 5-year average of 3.3x. The Financial Services sector median is 11.4x, placing the stock at a 38% 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 | — | 1.51 | 0.55 | 0.63 | 0.32 | 0.55 | -0.67 | 3.65 | 3.97 | 5.50 | 5.22 |
| EV / EBITDA | 7.03 | 5.96 | 6.25 | 2.37 | 0.76 | 1.28 | -5.07 | 12.22 | 14.55 | 15.65 | 16.59 |
| EV / EBIT | 7.62 | 6.46 | 8.02 | 2.55 | 0.81 | 1.41 | -7.34 | 14.02 | 15.74 | 16.59 | 18.16 |
| EV / FCF | — | 12.00 | 3.65 | 4.10 | 0.50 | 1.23 | -29.37 | 53.74 | 20.03 | 22.30 | 37.06 |
BWFG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bankwell Financial Group, Inc. earns an operating margin of 23.3%, roughly in line with the Financial Services sector average. Operating margins have compressed from 24.9% to 23.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.3% is modest. ROIC of 8.0% 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 | 51.6% | 51.6% | 32.9% | 50.9% | 76.3% | 84.6% | 62.4% | 66.4% | 67.6% | 76.0% | 75.2% |
| Operating Margin | 23.3% | 23.3% | 6.8% | 24.9% | 39.7% | 38.9% | 9.1% | 26.0% | 25.2% | 33.1% | 28.8% |
| Net Profit Margin | 16.9% | 16.9% | 5.0% | 19.0% | 30.9% | 30.5% | 7.3% | 20.7% | 20.8% | 18.2% | 19.4% |
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 | 12.3% | 12.3% | 3.6% | 14.5% | 17.0% | 14.0% | 3.3% | 10.2% | 10.4% | 9.0% | 8.9% |
| ROA | 1.1% | 1.1% | 0.3% | 1.1% | 1.3% | 1.1% | 0.3% | 1.0% | 0.9% | 0.8% | 0.8% |
| ROIC | 8.0% | 8.0% | 2.3% | 8.8% | 10.5% | 7.7% | 1.5% | 4.8% | 4.3% | 5.3% | 4.5% |
| ROCE | 4.4% | 4.4% | 2.8% | 11.0% | 14.0% | 10.2% | 2.0% | 6.4% | 5.7% | 7.0% | 6.0% |
BWFG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bankwell Financial Group, Inc. carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (17% below the sector average of 4.1x). The company holds a net cash position — cash of $225M exceeds total debt of $180M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.5x 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 | 0.60 | 0.60 | 0.59 | 0.60 | 0.67 | 0.42 | 1.13 | 0.96 | 1.06 | 1.39 | 1.27 |
| Debt / EBITDA | 3.42 | 3.42 | 9.32 | 3.08 | 3.10 | 2.26 | 18.93 | 6.66 | 8.09 | 8.41 | 9.23 |
| Net Debt / Equity | — | -0.15 | -0.50 | -0.41 | -0.78 | -1.03 | -1.16 | 0.53 | 0.63 | 0.95 | 0.61 |
| Net Debt / EBITDA | -0.86 | -0.86 | -7.84 | -2.10 | -3.62 | -5.53 | -19.39 | 3.69 | 4.80 | 5.76 | 4.44 |
| Debt / FCF | — | -1.73 | -4.57 | -3.62 | -2.39 | -5.34 | -112.37 | 16.23 | 6.60 | 8.21 | 9.92 |
| Interest Coverage | 0.49 | 0.49 | 0.12 | 0.51 | 2.07 | 2.51 | 0.32 | 0.79 | 0.89 | 1.49 | 1.54 |
Net cash position: cash ($225M) exceeds total debt ($180M)
BWFG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.89x means Bankwell Financial Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.11x to 1.89x 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 | 1.89 | 1.89 | 0.12 | 0.11 | 0.16 | 0.18 | 0.27 | 0.11 | 0.12 | 0.12 | 0.15 |
| Quick Ratio | 1.89 | 1.89 | 0.12 | 0.11 | 0.16 | 0.18 | 0.27 | 0.11 | 0.12 | 0.12 | 0.15 |
| Cash Ratio | 0.14 | 0.14 | 0.11 | 0.10 | 0.12 | 0.13 | 0.22 | 0.05 | 0.05 | 0.05 | 0.07 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BWFG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bankwell Financial Group, Inc. returns 1.9% to shareholders annually — split between a 1.5% dividend yield and 0.3% buyback yield. The payout ratio of 17.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.6% (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 | 1.5% | 1.7% | 2.6% | 2.7% | 2.8% | 2.0% | 2.9% | 1.8% | 1.7% | 0.8% | 0.7% |
| Payout Ratio | 17.8% | 17.8% | 64.3% | 17.0% | 16.5% | 18.9% | 74.3% | 22.4% | 21.6% | 15.5% | 13.4% |
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 | 8.6% | 9.7% | 3.9% | 15.5% | 16.3% | 10.2% | 3.8% | 8.0% | 7.7% | 5.2% | 5.0% |
| FCF Yield | 6.3% | 7.3% | 12.2% | 12.9% | 34.6% | 15.2% | 1.2% | 2.7% | 7.4% | 7.1% | 3.7% |
| Buyback Yield | 0.3% | 0.4% | 0.9% | 0.0% | 2.5% | 2.0% | 0.7% | 0.4% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.9% | 2.1% | 3.5% | 2.7% | 5.2% | 4.0% | 3.6% | 2.3% | 1.7% | 0.8% | 0.7% |
| Shares Outstanding | — | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $7M |
Peer Comparison
Compare BWFG 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 |
|---|---|---|---|---|---|---|---|---|---|
 BWFGYou | $415M | 11.7 | 7.0 | 15.9 | 51.6% | 23.3% | 12.3% | 8.0% | 3.4 |
 NBTB | $2B | 13.4 | 10.3 | 10.7 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 CTBI | $1B | 14.3 | 10.2 | 12.3 | 63.2% | 28.4% | 11.3% | 7.7% | 2.9 |
 NECB | $334M | 7.4 | 5.2 | 6.6 | 66.1% | 39.6% | 13.3% | 12.5% | 1.2 |
 NFBK | $592M | 19.7 | 24.3 | 19.8 | 49.1% | 16.1% | 4.3% | 2.0% | 15.6 |
 DCOM | $2B | 15.3 | -2.5 | 8.8 | 56.1% | 21.5% | 7.7% | 5.6% | 2.4 |
 WSFS | $4B | 14.1 | 6.8 | 17.7 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 KRNY | $511M | 19.3 | 44.6 | 23.9 | 44.1% | 9.0% | 3.5% | 1.1% | 35.0 |
 FFIC | $548M | 29.9 | 25.4 | 9.8 | 41.9% | 7.6% | 2.6% | 1.7% | 14.9 |
 FIS | $24B | 62.1 | 7.6 | 9.8 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 JKHY | $11B | 23.9 | 13.8 | 18.4 | 42.7% | 23.9% | 21.4% | 21.0% | — |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBWFG — Frequently Asked Questions
Quick answers to the most common questions about buying BWFG stock.
What is Bankwell Financial Group, Inc.'s P/E ratio?
Bankwell Financial Group, Inc.'s current P/E ratio is 11.7x. The historical average is 31.6x. This places it at the 25th percentile of its historical range.
What is Bankwell Financial Group, Inc.'s EV/EBITDA?
Bankwell Financial Group, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.9x.
What is Bankwell Financial Group, Inc.'s ROE?
Bankwell Financial Group, Inc.'s return on equity (ROE) is 12.3%. The historical average is 5.7%.
Is BWFG stock overvalued?
Based on historical data, Bankwell Financial Group, Inc. is trading at a P/E of 11.7x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bankwell Financial Group, Inc.'s dividend yield?
Bankwell Financial Group, Inc.'s current dividend yield is 1.54% with a payout ratio of 17.8%.
What are Bankwell Financial Group, Inc.'s profit margins?
Bankwell Financial Group, Inc. has 51.6% gross margin and 23.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Bankwell Financial Group, Inc. have?
Bankwell Financial Group, Inc.'s Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.