Latest Ratios: P/E Ratio 13.0x · EV/EBITDA 11.8x · ROE 11.0%. (2015–2025 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 | $1.7B | $1.3B | $1.3B | $953M | $861M | $1.0B | $592M | $743M | $570M | $633M | — |
| Enterprise Value | $2.2B | $1.8B | $1.5B | $1.3B | $1.4B | $1.5B | $894M | $1.2B | $944M | $995M | — |
| P/E Ratio → | 12.99 | 10.09 | 10.55 | 8.82 | 9.82 | 11.40 | 16.09 | 13.22 | 14.12 | 60.45 | — |
| P/S Ratio | 2.71 | 2.10 | 2.05 | 1.79 | 2.41 | 3.32 | 2.02 | 2.39 | 2.28 | 3.47 | — |
| P/B Ratio | 1.35 | 1.04 | 1.17 | 0.96 | 1.12 | 1.25 | 0.73 | 0.99 | 0.88 | 1.38 | — |
| P/FCF | 12.51 | 9.71 | 7.43 | 5.87 | 3.97 | 14.54 | 5.63 | 29.68 | 7.36 | 26.02 | — |
| P/OCF | 12.15 | 9.44 | 7.26 | 5.74 | 3.91 | 14.10 | 5.43 | 25.36 | 7.13 | 23.56 | — |
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 | 2.39 | 2.40 | 4.06 | 4.86 | 3.05 | 3.98 | 3.77 | 5.45 | — |
| EV / EBITDA | 11.76 | 9.74 | 8.93 | 8.53 | 12.17 | 11.81 | 15.38 | 14.81 | 15.46 | 20.28 | — |
| EV / EBIT | 12.08 | 10.00 | 9.21 | 8.79 | 12.62 | 12.38 | 17.31 | 16.04 | 17.02 | 24.38 | — |
| EV / FCF | — | 13.42 | 8.67 | 7.89 | 6.68 | 21.29 | 8.51 | 49.49 | 12.20 | 40.91 | — |
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 | 66.1% | 66.1% | 60.6% | 66.1% | 83.1% | 95.7% | 72.4% | 77.8% | 81.2% | 85.5% | 85.0% |
| Operating Margin | 29.1% | 29.1% | 25.9% | 27.4% | 32.2% | 39.3% | 17.6% | 24.8% | 22.2% | 22.4% | 4.5% |
| Net Profit Margin | 20.7% | 20.7% | 19.4% | 20.3% | 24.7% | 29.3% | 12.8% | 18.3% | 16.5% | 11.9% | 55.4% |
| 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% | 11.6% | 12.3% | 11.0% | 11.3% | 4.8% | 8.1% | 7.4% | 5.2% | 23.4% |
| ROA | 1.4% | 1.4% | 1.3% | 1.3% | 1.3% | 1.4% | 0.6% | 1.1% | 1.0% | 0.7% | 2.3% |
| ROIC | 7.4% | 7.4% | 7.1% | 7.1% | 5.7% | 7.0% | 3.1% | 4.7% | 4.1% | 3.7% | 0.8% |
| ROCE | 5.3% | 5.3% | 8.9% | 9.3% | 7.7% | 8.4% | 3.7% | 6.5% | 5.7% | 5.2% | 1.1% |
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 | 0.45 | 0.45 | 0.71 | 0.56 | 1.00 | 0.77 | 0.48 | 0.77 | 0.76 | 0.92 | 0.99 |
| Debt / EBITDA | 3.01 | 3.01 | 4.66 | 3.69 | 6.44 | 4.96 | 6.63 | 6.89 | 8.13 | 8.57 | 27.94 |
| Net Debt / Equity | — | 0.40 | 0.19 | 0.33 | 0.77 | 0.58 | 0.38 | 0.66 | 0.57 | 0.79 | 0.87 |
| Net Debt / EBITDA | 2.69 | 2.69 | 1.27 | 2.18 | 4.93 | 3.75 | 5.20 | 5.93 | 6.13 | 7.38 | 24.51 |
| Debt / FCF | — | 3.70 | 1.24 | 2.02 | 2.71 | 6.76 | 2.88 | 19.81 | 4.84 | 14.89 | — |
| Interest Coverage | 0.98 | 0.98 | 0.74 | 0.98 | 3.17 | 9.91 | 2.13 | 1.59 | 1.96 | 2.94 | 0.71 |
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 | 0.31 | 0.31 | 0.34 | 0.32 | 0.33 | 0.38 | 0.39 | 0.35 | 0.30 | 0.34 | 0.32 |
| Quick Ratio | 0.31 | 0.31 | 0.34 | 0.32 | 0.33 | 0.38 | 0.39 | 0.35 | 0.30 | 0.34 | 0.32 |
| Cash Ratio | 0.01 | 0.01 | 0.07 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 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 | 1.1% | 1.4% | 1.2% | 1.5% | 1.6% | 1.1% | 1.0% | 0.1% | 0.1% | 1.8% | — |
| Payout Ratio | 14.0% | 14.0% | 13.1% | 13.5% | 15.2% | 12.1% | 15.2% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.7% | 9.9% | 9.5% | 11.3% | 10.2% | 8.8% | 6.2% | 7.6% | 7.1% | 1.7% | — |
| FCF Yield | 8.0% | 10.3% | 13.5% | 17.0% | 25.2% | 6.9% | 17.8% | 3.4% | 13.6% | 3.8% | — |
| Buyback Yield | 1.4% | 1.8% | 0.0% | 0.0% | 2.0% | 2.8% | 0.3% | 0.0% | 0.0% | 2.4% | — |
| Total Shareholder Yield | 2.5% | 3.2% | 1.2% | 1.5% | 3.6% | 3.8% | 1.2% | 0.1% | 0.1% | 4.2% | — |
| Shares Outstanding | — | $45M | $44M | $40M | $37M | $38M | $38M | $38M | $34M | $28M | $25M |
SBA gain-on-sale volatility
According to recent market data, Byline trades at a P/B of 1.35, which suggests investors are applying a complexity discount relative to pure-play regional peers, likely reflecting the inherent volatility of its SBA-driven non-interest income stream and the integration risks associated with recent inorganic expansion efforts.
The current P/B multiple appears to balance the bank's specialized lending niche against the cyclical sensitivity of its fee-based revenue. Investors should monitor whether the market continues to discount the stock due to its reliance on the secondary SBA market, or if the franchise value of its Chicago-based commercial platform warrants a re-rating toward higher-multiple regional peers.
Based on reported financial statements, Byline's ROE has remained constrained within a 2.5% to 3.1% range over the last ten quarters, indicating that the bank's profitability is currently limited by a stagnant NIM and the ongoing costs of integrating recent acquisitions into its core operations.
The decomposition of profitability suggests that while asset utilization remains steady, the bank's reliance on fee-based SBA income creates earnings volatility that masks the underlying performance of the core commercial loan portfolio. The moderate ROE levels imply that management must improve operating leverage or stabilize funding costs to drive meaningful expansion in shareholder returns.
As reported in quarterly filings, Byline maintained an efficiency ratio of 36.8% in 2026Q1, demonstrating disciplined cost management, yet the persistent 1.0% NIM suggests that the bank is struggling to pass through rising funding costs to its commercial loan customers in the current interest rate environment.
The stability of the efficiency ratio is a positive indicator of operational control, but it may be insufficient to offset the structural pressure on net interest margins. Investors should monitor whether the bank's specialized lending niches can command enough pricing power to expand the NIM, or if competitive deposit pricing in the Chicago market will continue to compress the spread.
According to recent SEC filings, Byline's equity-to-assets ratio of 0.13 in 2026Q1 provides an adequate capital buffer for current operations, though it suggests limited capacity for further aggressive balance sheet expansion without additional capital retention or a potential shift in the bank's dividend and buyback strategy.
The current capital position appears sufficient to support organic growth, but the bank's recent history of inorganic expansion warrants close monitoring of its regulatory capital ratios. Any further acquisitions could necessitate a more conservative approach to capital returns to ensure that the bank maintains its required buffers against potential credit volatility.
The P/E ratio is frequently misapplied to Byline, as it obscures the volatility of earnings caused by CECL-related provision adjustments and the transactional nature of SBA gain-on-sale income, which can lead to a distorted view of the bank's sustainable, recurring earnings power in any given quarter.
Investors should prioritize P/TBV and adjusted ROE metrics over P/E to better assess the bank's underlying franchise value and capital efficiency. Relying on P/E may lead to erroneous conclusions about the bank's valuation, as it fails to account for the non-recurring nature of certain fee income streams and the impact of accounting-driven provision volatility on the bottom line.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying BY stock.
Byline Bancorp, Inc.'s current P/E ratio is 13.0x. The historical average is 17.2x. This places it at the 56th percentile of its historical range.
Byline Bancorp, Inc.'s current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
Byline Bancorp, Inc.'s return on equity (ROE) is 11.0%. The historical average is 8.9%.
Based on historical data, Byline Bancorp, Inc. is trading at a P/E of 13.0x. This is at the 56th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Byline Bancorp, Inc.'s current dividend yield is 1.06% with a payout ratio of 14.0%.
Byline Bancorp, Inc. has 66.1% gross margin and 29.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Byline Bancorp, Inc.'s Debt/EBITDA ratio is 3.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.