Carter Bankshares, Inc. (CARE) Financial Ratios
19 years of historical data (2007–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
16.34
↑+54% vs avg
5yr avg: 10.63
30Y Low1.3·High19.6
P/FCF
↑
18.25
↑+84% vs avg
5yr avg: 9.93
30Y Low4.6·High38.4
P/B Ratio
↑
1.40
↑+31% vs avg
5yr avg: 1.07
30Y Low0.5·High1.3
ROE
↑
7.8%
-8% vs avg
5yr avg: 8.5%
30Y Low-10%·High14%
Debt/EBITDA
↑
4.46
+8% vs avg
5yr avg: 4.13
30Y Low0.0·High11.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CARE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Carter Bankshares, Inc. trades at 18.7x earnings, 40% above its 5-year average of 13.3x, sitting at the 82nd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 42%. On a free-cash-flow basis, the stock trades at 18.2x P/FCF, 84% above the 5-year average of 9.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $580M | $441M | $409M | $348M | $408M | $405M | $283M | $625M | $391M | $458M | $346M |
| Enterprise Value | $654M | $515M | $348M | $687M | $560M | $135M | $76M | $509M | $97M | $189M | $-348284309 |
| P/E Ratio → | 18.71 | 14.04 | 16.59 | 14.97 | 8.17 | 12.83 | — | 23.49 | 33.10 | — | 21.63 |
| P/S Ratio | 2.28 | 1.73 | 1.71 | 1.64 | 2.28 | 2.59 | 1.73 | 3.71 | 2.48 | 3.17 | 2.36 |
| P/B Ratio | 1.40 | 1.05 | 1.06 | 0.99 | 1.24 | 0.99 | 0.64 | 1.32 | 0.90 | 1.06 | 0.80 |
| P/FCF | 18.25 | 13.88 | 14.19 | 9.42 | 6.29 | 5.87 | — | 20.94 | 11.24 | 11.24 | 10.89 |
| P/OCF | 14.56 | 11.08 | 11.07 | 7.45 | 5.76 | 5.23 | 36.71 | 16.32 | 7.92 | 10.34 | 10.61 |
P/E links to full P/E history page with 30-year chart
CARE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Carter Bankshares, Inc.'s enterprise value stands at 16.3x EBITDA, 54% above its 5-year average of 10.6x. The Financial Services sector median is 11.5x, placing the stock at a 43% premium 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 | — | 2.02 | 1.45 | 3.24 | 3.12 | 0.86 | 0.46 | 3.02 | 0.62 | 1.31 | -2.37 |
| EV / EBITDA | 16.34 | 12.87 | 9.17 | 19.64 | 8.26 | 3.21 | — | 15.37 | 5.41 | — | -16.66 |
| EV / EBIT | 16.34 | 12.87 | 11.26 | 23.91 | 9.07 | 3.77 | — | 18.32 | 6.80 | — | -19.76 |
| EV / FCF | — | 16.19 | 12.07 | 18.60 | 8.62 | 1.95 | — | 17.06 | 2.80 | 4.64 | -10.95 |
CARE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Carter Bankshares, Inc. earns an operating margin of 15.7%, below the Financial Services sector average of 21.6%. Operating margins have expanded from 13.6% to 15.7% over the past 3 years, signaling improving operational efficiency. ROE of 7.8% is modest, trailing the sector median of 9.4%. ROIC of 5.7% 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 | 61.7% | 61.7% | 57.3% | 62.0% | 87.1% | 84.1% | 67.1% | 70.2% | 65.2% | 44.4% | 56.3% |
| Operating Margin | 15.7% | 15.7% | 12.9% | 13.6% | 34.4% | 22.8% | -27.5% | 16.5% | 9.1% | -12.6% | 12.0% |
| Net Profit Margin | 12.3% | 12.3% | 10.2% | 11.0% | 28.0% | 20.2% | -28.0% | 15.8% | 7.5% | -0.5% | 10.9% |
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 | 7.8% | 7.8% | 6.7% | 6.9% | 13.6% | 7.5% | -10.0% | 5.8% | 2.7% | -0.2% | 3.7% |
| ROA | 0.7% | 0.7% | 0.5% | 0.5% | 1.2% | 0.8% | -1.1% | 0.7% | 0.3% | -0.0% | 0.3% |
| ROIC | 5.7% | 5.7% | 3.9% | 3.4% | 9.8% | 6.0% | -7.1% | 4.5% | 2.5% | -3.2% | 3.1% |
| ROCE | 1.5% | 1.5% | 4.8% | 4.3% | 12.5% | 7.7% | -9.0% | 5.8% | 3.2% | -4.1% | 4.0% |
CARE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Carter Bankshares, Inc. carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (8% above the sector average of 4.1x). Net debt stands at $73M ($179M total debt minus $105M cash). Interest coverage of just 0.4x 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 | 0.43 | 0.43 | 0.18 | 1.12 | 0.60 | 0.02 | 0.08 | 0.02 | — | — | — |
| Debt / EBITDA | 4.46 | 4.46 | 1.85 | 11.25 | 2.93 | 0.17 | — | 0.30 | — | — | — |
| Net Debt / Equity | — | 0.17 | -0.16 | 0.96 | 0.46 | -0.66 | -0.47 | -0.24 | -0.67 | -0.62 | -1.60 |
| Net Debt / EBITDA | 1.83 | 1.83 | -1.61 | 9.69 | 2.24 | -6.46 | — | -3.50 | -16.33 | — | -33.23 |
| Debt / FCF | — | 2.31 | -2.12 | 9.18 | 2.34 | -3.92 | — | -3.88 | -8.45 | -6.60 | -21.84 |
| Interest Coverage | 0.39 | 0.39 | 0.29 | 0.39 | 3.05 | 1.57 | -1.26 | 0.59 | 0.38 | -0.49 | 0.38 |
CARE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.75x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.22x to 0.75x 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 | 0.75 | 0.75 | 0.20 | 0.22 | 0.24 | 0.32 | 0.28 | 0.25 | 0.30 | 0.33 | 0.21 |
| Quick Ratio | 0.75 | 0.75 | 0.20 | 0.22 | 0.24 | 0.32 | 0.28 | 0.25 | 0.30 | 0.33 | 0.21 |
| Cash Ratio | 0.75 | 0.75 | 0.03 | 0.01 | 0.01 | 0.08 | 0.07 | 0.04 | 0.08 | 0.07 | 0.17 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CARE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Carter Bankshares, Inc. returns 3.4% to shareholders annually primarily through share buybacks. The earnings yield of 5.3% (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 | — | — | — | — | — | — | 1.3% | — | — | — | 2.3% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 49.3% |
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 | 5.3% | 7.1% | 6.0% | 6.7% | 12.2% | 7.8% | — | 4.3% | 3.0% | — | 4.6% |
| FCF Yield | 5.5% | 7.2% | 7.0% | 10.6% | 15.9% | 17.0% | — | 4.8% | 8.9% | 8.9% | 9.2% |
| Buyback Yield | 3.4% | 4.5% | 0.0% | 4.7% | 10.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.4% | 4.5% | 0.0% | 4.7% | 10.5% | 0.0% | 1.3% | 0.0% | 0.0% | 0.0% | 2.3% |
| Shares Outstanding | — | $22M | $23M | $23M | $25M | $26M | $26M | $26M | $26M | $26M | $26M |
Peer Comparison
Compare CARE 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 |
|---|---|---|---|---|---|---|---|---|---|
 CAREYou | $580M | 18.7 | 16.3 | 18.2 | 61.7% | 15.7% | 7.8% | 5.7% | 4.5 |
 NBTB | $2B | 13.5 | 10.4 | 10.7 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 UVSP | $1B | 12.2 | 7.5 | 11.3 | 61.0% | 21.9% | 9.9% | 6.5% | 2.9 |
 NFBK | $588M | 19.5 | 24.2 | 19.6 | 49.1% | 16.1% | 4.3% | 2.0% | 15.6 |
 MNSB | $176M | 13.4 | 11.6 | 16.6 | 54.4% | 14.0% | 7.3% | 5.0% | 3.7 |
 NKSH | $240M | 15.1 | 12.2 | 15.8 | 65.1% | 22.5% | 9.3% | 8.4% | 0.1 |
 UBSI | $6B | 13.3 | 7.5 | 12.6 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 FXNC | $253M | 14.3 | 6.1 | 12.0 | 74.0% | 19.6% | 10.0% | 7.7% | 1.9 |
 CFFI | $252M | 9.3 | 10.7 | 11.4 | 69.5% | 17.8% | 11.0% | 6.8% | 3.5 |
 FIS | $24B | 63.0 | 7.7 | 10.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISI | $697M | 9.8 | 10.1 | 51.2 | 61.7% | 24.2% | 12.5% | 7.7% | 3.7 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
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Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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Start ComparisonCARE — Frequently Asked Questions
Quick answers to the most common questions about buying CARE stock.
What is Carter Bankshares, Inc.'s P/E ratio?
Carter Bankshares, Inc.'s current P/E ratio is 18.7x. The historical average is 14.1x. This places it at the 82th percentile of its historical range.
What is Carter Bankshares, Inc.'s EV/EBITDA?
Carter Bankshares, Inc.'s current EV/EBITDA is 16.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
What is Carter Bankshares, Inc.'s ROE?
Carter Bankshares, Inc.'s return on equity (ROE) is 7.8%. The historical average is 5.7%.
Is CARE stock overvalued?
Based on historical data, Carter Bankshares, Inc. is trading at a P/E of 18.7x. This is at the 82th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Carter Bankshares, Inc.'s profit margins?
Carter Bankshares, Inc. has 61.7% gross margin and 15.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Carter Bankshares, Inc. have?
Carter Bankshares, Inc.'s Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.