Latest Ratios: P/E Ratio 12.9x · EV/EBITDA 18.8x · ROE 8.6%. (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 | $432M | $317M | $283M | $234M | $218M | $192M | $139M | $151M | $125M | $126M | $112M |
| Enterprise Value | $663M | $548M | $505M | $447M | $401M | $262M | $182M | $221M | $183M | $140M | $107M |
| P/E Ratio → | 12.86 | 11.21 | 11.87 | 10.73 | 11.13 | 10.28 | 11.81 | 14.73 | 10.43 | 16.78 | 15.71 |
| P/S Ratio | 3.38 | 2.48 | 2.45 | 2.05 | 1.88 | 1.87 | 1.75 | 2.43 | 2.47 | 2.58 | 2.36 |
| P/B Ratio | 0.97 | 0.84 | 1.02 | 0.92 | 0.95 | 0.88 | 0.96 | 1.15 | 1.30 | 1.40 | 1.20 |
| P/FCF | — | — | 12.70 | 13.46 | 4.66 | 6.35 | — | 384.30 | 10.26 | 11.25 | 11.09 |
| P/OCF | — | — | 12.11 | 11.14 | 4.39 | 5.32 | — | 38.86 | 8.36 | 10.05 | 8.39 |
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 | — | 4.28 | 4.38 | 3.92 | 3.46 | 2.55 | 2.29 | 3.56 | 3.62 | 2.87 | 2.25 |
| EV / EBITDA | 18.83 | 15.55 | 13.41 | 12.44 | 11.63 | 8.23 | 8.89 | 14.25 | 10.90 | 7.94 | 6.82 |
| EV / EBIT | 18.88 | 15.59 | 17.09 | 16.42 | 17.54 | 11.30 | 12.46 | 17.52 | 12.24 | 9.63 | 8.58 |
| EV / FCF | — | — | 22.64 | 25.74 | 8.56 | 8.64 | — | 563.44 | 15.02 | 12.50 | 10.61 |
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 | 66.4% | 66.4% | 63.6% | 68.7% | 88.8% | 95.2% | 83.5% | 81.6% | 85.6% | 86.9% | 86.1% |
| Operating Margin | 18.9% | 18.9% | 16.7% | 16.9% | 18.1% | 21.7% | 16.7% | 16.9% | 25.4% | 26.1% | 23.1% |
| Net Profit Margin | 15.2% | 15.2% | 13.5% | 13.5% | 15.4% | 17.5% | 13.5% | 13.7% | 20.3% | 13.9% | 16.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.6% | 8.6% | 8.9% | 9.0% | 8.7% | 10.3% | 8.6% | 9.0% | 12.8% | 8.4% | 9.2% |
| ROA | 0.8% | 0.8% | 0.8% | 0.7% | 0.7% | 0.8% | 0.7% | 0.7% | 1.0% | 0.6% | 0.7% |
| ROIC | 4.5% | 4.5% | 4.3% | 4.4% | 4.6% | 6.8% | 5.2% | 5.0% | 6.9% | 6.7% | 5.8% |
| ROCE | 5.8% | 5.8% | 5.6% | 5.7% | 6.0% | 7.4% | 5.5% | 6.6% | 9.0% | 8.8% | 7.6% |
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 | 0.69 | 0.69 | 0.89 | 0.94 | 0.88 | 0.41 | 0.42 | 0.66 | 0.71 | 0.79 | 0.75 |
| Debt / EBITDA | 7.33 | 7.33 | 6.58 | 6.64 | 5.90 | 2.78 | 2.94 | 5.53 | 4.07 | 4.07 | 4.46 |
| Net Debt / Equity | — | 0.61 | 0.80 | 0.84 | 0.79 | 0.32 | 0.30 | 0.54 | 0.60 | 0.15 | -0.05 |
| Net Debt / EBITDA | 6.55 | 6.55 | 5.89 | 5.93 | 5.30 | 2.19 | 2.10 | 4.53 | 3.45 | 0.79 | -0.31 |
| Debt / FCF | — | — | 9.95 | 12.27 | 3.90 | 2.30 | — | 179.14 | 4.76 | 1.24 | -0.49 |
| Interest Coverage | 0.61 | 0.61 | 0.48 | 0.58 | 2.10 | 5.27 | 1.86 | 1.00 | 1.81 | 2.11 | 1.93 |
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 | 0.08 | 0.08 | 0.03 | 0.17 | 0.18 | 0.40 | 0.27 | 0.28 | 0.33 | 0.39 | 0.38 |
| Quick Ratio | 0.08 | 0.08 | 0.03 | 0.17 | 0.18 | 0.40 | 0.27 | 0.28 | 0.33 | 0.39 | 0.38 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.07 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 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 | 2.2% | 2.5% | 2.8% | 3.3% | 3.3% | 2.3% | 2.7% | 1.8% | 1.4% | 0.7% | 1.4% |
| Payout Ratio | 28.5% | 28.5% | 33.1% | 35.5% | 36.6% | 23.9% | 32.2% | 26.4% | 14.2% | 10.9% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.8% | 8.9% | 8.4% | 9.3% | 9.0% | 9.7% | 8.5% | 6.8% | 9.6% | 6.0% | 6.4% |
| FCF Yield | — | — | 7.9% | 7.4% | 21.5% | 15.8% | — | 0.3% | 9.7% | 8.9% | 9.0% |
| Buyback Yield | 0.5% | 0.7% | 0.5% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 3.3% | 3.2% | 3.5% | 3.3% | 2.3% | 2.7% | 1.8% | 1.4% | 0.7% | 1.4% |
| Shares Outstanding | — | $18M | $18M | $18M | $17M | $11M | $9M | $9M | $9M | $9M | $9M |
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CBAN stock.
Colony Bankcorp, Inc.'s current P/E ratio is 12.9x. The historical average is 15.0x. This places it at the 46th percentile of its historical range.
Colony Bankcorp, Inc.'s current EV/EBITDA is 18.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
Colony Bankcorp, Inc.'s return on equity (ROE) is 8.6%. The historical average is 8.3%.
Based on historical data, Colony Bankcorp, Inc. is trading at a P/E of 12.9x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Colony Bankcorp, Inc.'s current dividend yield is 2.21% with a payout ratio of 28.5%.
Colony Bankcorp, Inc. has 66.4% gross margin and 18.9% operating margin. Operating margin between 10-20% is typical for established companies.
Colony Bankcorp, Inc.'s Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Negative NIM signals core earnings breakdown
Metrics are mathematically derived from official filings.
P/B Valuation Disconnects from profitability
Colony Bankcorp's P/B ratio of 1.02 trades near tangible book value, yet its ROTCE is severely impaired, suggesting the market is pricing the bank's assets at a discount to their reported worth given the recent earnings collapse.
The current P/B multiple of 1.02, based on a tangible book value per share of $15.10, places Colony near its lowest valuation relative to book in the observed period, yet this does not appear to fully reflect the severity of the 2026Q2 NIM inversion. The premium to tangible book implied by the multiple is minimal for a bank generating a 2.8% ROE, which is well below its regional peers like HOMB (11.3% ROE) and SFBS (17.1% ROE). This suggests the market may be valuing the franchise based on its balance sheet strength rather than its current earning power, a dynamic that could shift if profitability does not recover.
ROE Severely Impaired by Margin Collapse
Based on reported figures, Colony Bankcorp's ROE compressed to 2.8% in 2026Q2, a level that appears unsustainable and is primarily driven by the dramatic inversion of its net interest margin to -1.7%, indicating a fundamental breakdown in the core spread-based business model.
The bank's profitability has deteriorated sharply, with ROE falling to 2.8% from a range of 2.0%-2.7% in prior periods, driven almost entirely by the collapse in net interest income. A traditional DuPont decomposition is complicated by the negative NIM, but the trend indicates that asset utilization has become deeply negative and is overwhelming any contribution from fee income. This level of profitability is insufficient to generate a meaningful return on the bank's equity base and signals that the current earnings trajectory is not viable for supporting growth or capital return.
NIM Inversion Dominates Efficiency Read
As reported in financial statements, the net interest margin inverted to -1.7% in 2026Q2, a catastrophic shift from the stable 0.7% range that appears to be the primary driver of the bank's current financial stress, while the efficiency ratio is rendered meaningless by this margin collapse.
The NIM trend is the most critical ratio for understanding Colony's current challenges. After maintaining a narrow but stable spread of 0.6%-0.8% for eight quarters, the sudden plunge to -1.7% suggests the bank's asset yields have fallen below its funding costs, potentially due to a securities portfolio repricing issue or a severe liquidity mismatch. Consequently, the efficiency ratio dropped to an anomalous 11.9% in 2026Q2, which distorts any read on operational efficiency as non-interest expense was covered by non-interest income alone. Investors should monitor whether this NIM inversion is a temporary accounting or hedging effect or a structural problem with the balance sheet.
Equity Ratio Improvement Masks Credit Ambiguity
Colony Bankcorp's equity-to-assets ratio improved to 0.11 in 2026Q2 from 0.09 two years prior, providing a larger capital buffer, but the absence of specific non-performing loan data and the erratic provisioning pattern warrant careful scrutiny for underlying credit stress.
While the equity ratio has strengthened, offering a greater cushion against potential losses, the provided data does not include key asset quality metrics like NPL ratios or charge-off rates. The bank's provisioning has been inconsistent, ranging from $0 to $1.8 million per quarter without a clear linkage to loan growth or economic conditions. This inconsistency makes it difficult to assess whether current reserve levels are adequate, especially given the recent severe disruption to the bank's earnings engine which could impair its ability to absorb future credit losses.
Profitability and Scale Lag Regional Peers
Relative to peers like HOMB and SFBS, Colony Bankcorp significantly lags in profitability metrics such as ROE and net margin, while its P/B valuation trades at a steep discount, suggesting the market views its balance sheet as less productive than its regional competitors.
A peer comparison highlights Colony's structural disadvantages. Its 2.8% ROE is dramatically below HOMB's 11.3% and SFBS's 17.1%, and its net margin is compressed. Even smaller peer HBCP, with a similar P/B of 1.26, generates a 10.9% ROE. Colony's P/B of 1.02 is the second-lowest in the group, only above SBCF, which itself has a low ROE. This valuation discount appears justified by Colony's profitability shortfall, and closing the gap would require a sustained recovery in its net interest margin to levels competitive with the peer group.
P/B Ratio Obscures Asset Quality Risk
The most commonly misapplied ratio for Colony Bankcorp is its P/B of 1.02, which investors may interpret as a floor valuation but actually obscures the significant risk that the bank's tangible book value could be inflated by unrealized losses embedded in its securities-heavy balance sheet.
For banks with large securities portfolios relative to assets, P/B can be a misleading indicator of liquidation value or intrinsic worth. Colony's book value is heavily influenced by the carrying value of its investment securities, which, as noted in the prior analysis, represent approximately 94% of total assets. A rising rate environment could have generated substantial unrealized losses not reflected in tangible equity, meaning the 'true' tangible book value could be materially lower. A more appropriate metric might be P/TBV adjusted for accumulated other comprehensive income (AOCI) to account for these unrealized securities losses, or a focus on P/E relative to normalized earnings power.