Latest Ratios: P/E Ratio 10.5x · EV/EBITDA 8.2x · ROE 15.1%. (2004–2025 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 | $580M | $465M | $417M | $341M | $338M | $369M | $192M | $208M | $142M | — | — |
| Enterprise Value | $601M | $486M | $246M | $336M | $407M | $223M | $84M | $143M | $132M | — | — |
| P/E Ratio → | 10.48 | 8.29 | 13.44 | 9.49 | 8.09 | 9.23 | 7.45 | 12.31 | 11.19 | — | — |
| P/S Ratio | 2.43 | 1.95 | 2.27 | 2.07 | 1.99 | 2.20 | 1.43 | 2.26 | 1.91 | — | — |
| P/B Ratio | 1.46 | 1.16 | 1.17 | 1.34 | 1.51 | 1.86 | 1.21 | 1.56 | 1.24 | — | — |
| P/FCF | 8.61 | 6.90 | 12.73 | 7.53 | 6.78 | 2.79 | 37.04 | — | 5.35 | — | — |
| P/OCF | 8.32 | 6.66 | 11.95 | 7.19 | 6.58 | 2.79 | 35.23 | — | 5.02 | — | — |
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 | — | 2.03 | 1.34 | 2.04 | 2.40 | 1.33 | 0.62 | 1.55 | 1.78 | — | — |
| EV / EBITDA | 8.17 | 6.60 | 5.59 | 7.20 | 7.32 | 4.05 | 2.26 | 5.69 | 7.03 | — | — |
| EV / EBIT | 8.52 | 6.88 | 5.88 | 7.27 | 7.51 | 4.14 | 2.38 | 6.28 | 7.45 | — | — |
| EV / FCF | — | 7.21 | 7.51 | 7.43 | 8.17 | 1.69 | 16.13 | — | 4.98 | — | — |
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 | 73.6% | 73.6% | 68.4% | 75.2% | 90.7% | 94.3% | 83.4% | 82.7% | 84.4% | 85.5% | 84.5% |
| Operating Margin | 23.3% | 23.3% | 17.3% | 22.4% | 30.1% | 31.0% | 23.8% | 21.1% | 20.8% | 19.6% | 22.3% |
| Net Profit Margin | 18.8% | 18.8% | 12.8% | 17.4% | 23.2% | 23.0% | 17.5% | 15.7% | 14.9% | 9.9% | 13.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.1% | 15.1% | 10.2% | 15.0% | 19.8% | 22.4% | 17.6% | 13.6% | 13.1% | 9.4% | 14.5% |
| ROA | 1.7% | 1.7% | 1.1% | 1.6% | 2.0% | 2.0% | 1.6% | 1.3% | 1.2% | 0.7% | 1.1% |
| ROIC | 12.6% | 12.6% | 9.1% | 10.6% | 13.9% | 18.9% | 14.0% | 10.7% | 10.7% | 9.9% | 11.1% |
| ROCE | 7.9% | 7.9% | 11.0% | 13.6% | 18.0% | 23.4% | 17.0% | 13.2% | 14.2% | 13.5% | 16.0% |
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 | 0.13 | 0.13 | 0.10 | 0.19 | 0.58 | 0.17 | 0.23 | 0.36 | 0.20 | 0.38 | 0.47 |
| Debt / EBITDA | 0.71 | 0.71 | 0.77 | 1.05 | 2.32 | 0.62 | 0.97 | 1.90 | 1.20 | 2.03 | 2.00 |
| Net Debt / Equity | — | 0.05 | -0.48 | -0.02 | 0.31 | -0.74 | -0.68 | -0.49 | -0.09 | -0.22 | -0.01 |
| Net Debt / EBITDA | 0.29 | 0.29 | -3.89 | -0.10 | 1.25 | -2.64 | -2.93 | -2.61 | -0.52 | -1.19 | -0.06 |
| Debt / FCF | — | 0.31 | -5.22 | -0.10 | 1.39 | -1.10 | -20.91 | — | -0.37 | -0.54 | -0.14 |
| Interest Coverage | 1.09 | 1.09 | 0.71 | 1.11 | 5.40 | 8.23 | 2.67 | 1.43 | 1.58 | 1.82 | 2.40 |
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 | 0.13 | 0.13 | 0.12 | 0.08 | 0.18 | 0.21 | 0.15 | 0.15 | 0.09 | 0.12 | 0.11 |
| Quick Ratio | 0.13 | 0.13 | 0.12 | 0.08 | 0.18 | 0.21 | 0.15 | 0.15 | 0.09 | 0.12 | 0.11 |
| Cash Ratio | 0.01 | 0.01 | 0.07 | 0.03 | 0.03 | 0.10 | 0.09 | 0.09 | 0.03 | 0.05 | 0.04 |
| Asset Turnover | — | 0.08 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.08 |
| 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 | 1.2% | 1.6% | 1.3% | 1.2% | 0.9% | 0.4% | — | — | — | — | — |
| Payout Ratio | 12.8% | 12.8% | 17.0% | 10.9% | 7.4% | 3.5% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.5% | 12.1% | 7.4% | 10.5% | 12.4% | 10.8% | 13.4% | 8.1% | 8.9% | — | — |
| FCF Yield | 11.6% | 14.5% | 7.9% | 13.3% | 14.7% | 35.8% | 2.7% | — | 18.7% | — | — |
| Buyback Yield | 2.0% | 2.5% | 0.3% | 2.6% | 0.0% | 0.0% | 1.9% | 0.2% | 0.0% | — | — |
| Total Shareholder Yield | 3.3% | 4.1% | 1.6% | 3.7% | 0.9% | 0.4% | 1.9% | 0.2% | 0.0% | — | — |
| Shares Outstanding | — | $16M | $15M | $14M | $14M | $14M | $14M | $14M | $12M | $13M | $13M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying CBNK stock.
Capital Bancorp, Inc.'s current P/E ratio is 10.5x. The historical average is 9.9x. This places it at the 63th percentile of its historical range.
Capital Bancorp, Inc.'s current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.7x.
Capital Bancorp, Inc.'s return on equity (ROE) is 15.1%. The historical average is 14.6%.
Based on historical data, Capital Bancorp, Inc. is trading at a P/E of 10.5x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Capital Bancorp, Inc.'s current dividend yield is 1.24% with a payout ratio of 12.8%.
Capital Bancorp, Inc. has 73.6% gross margin and 23.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Capital Bancorp, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
NIM compression and fee income volatility
Metrics are mathematically derived from official filings.
Premium Valuation vs. Peer Group
At a P/B of 1.50, Capital Bancorp trades at a notable premium to most regional peers, suggesting the market prices in superior return generation or growth potential relative to its asset base.
The bank's P/B multiple of 1.50 is above the peer median of approximately 1.23, positioning it closer to higher-return peers like Bankwell Financial (1.73). This premium valuation appears to be supported by a recent acceleration in ROE, which reached 3.4% in 2026Q2, though it remains below the double-digit returns of the peer group. Investors should monitor whether the market is pricing in a sustainable improvement in profitability or a temporary rebound.
ROE Recovery Driven by Provision Relief
Return on equity has improved to 3.4% in 2026Q2 from a low of 2.4% in 2024Q4, a recovery that appears largely driven by the normalization of credit costs rather than a structural improvement in core operating profitability.
The DuPont decomposition reveals that the ROE improvement is not fueled by expanding net interest margin, which has compressed, or by a significant increase in fee income contribution. Instead, the primary driver appears to be the reduction in loan loss provisions, which fell to zero in recent quarters. This suggests the profitability improvement may be cyclical and dependent on credit quality remaining benign, rather than reflecting a more efficient or higher-margin business model.
Margin Pressure and Efficiency Deterioration
Net interest margin has compressed 20 basis points from its 2025Q3 peak to 1.3% in 2026Q2, while the efficiency ratio has deteriorated sharply to 66.9%, indicating simultaneous pressure on both funding costs and operating leverage.
The NIM compression aligns with the prior finding of rising funding costs outpacing asset yields, a trend that is particularly concerning given the bank's heavy allocation to investment securities. Concurrently, the efficiency ratio's jump from 47.5% in 2025Q4 to 66.9% in 2026Q2 suggests that the operational improvements seen in late 2025 were not sustained, potentially due to non-recurring items or a reversal in revenue trends. This dual pressure on margins and efficiency warrants close monitoring for its impact on future earnings power.
Leverage Constrains Growth Capacity
The equity-to-assets ratio has remained flat at approximately 11% over ten quarters, indicating that rapid asset growth has been funded almost entirely by liabilities and may be approaching the limits of the bank's capital capacity.
With an equity-to-assets ratio of 0.11, Capital Bancorp operates with a leverage profile that is higher than several peers, such as NBT Bancorp (0.17 D/E) and Northeast Community (0.21 D/E). While this leverage amplifies returns on equity, it also constrains the bank's ability to absorb further asset growth or unexpected losses without raising new capital. The flat ratio despite significant asset expansion suggests internal capital generation is being fully deployed, leaving limited capacity for increased dividends or share repurchases.
Lagging Core Profitability Metrics
Capital Bancorp's ROE of 3.4% and NIM of 1.3% significantly trail peer averages, indicating a structural gap in core profitability that its premium P/B valuation does not appear to fully reflect.
The bank's profitability metrics are among the lowest in the provided peer set, where ROEs range from 6.8% to 13.9% and NIMs are generally higher. This gap suggests that Capital Bancorp's asset mix, which is heavily weighted toward lower-yielding investment securities, and its funding costs are less favorable than peers. The premium valuation multiple may therefore be pricing in an expectation of a significant turnaround in core earnings that has yet to materialize in the reported ratios.
P/B Multiple Misleads on Asset Quality
The P/B ratio of 1.50 is the most commonly misapplied metric for this bank, as it fails to account for the significant unrealized losses likely embedded in its securities-heavy balance sheet, which would reduce tangible book value.
For a bank with an investment securities portfolio comprising nearly all of its assets, the reported book value per share may overstate the tangible value available to common shareholders. The P/B multiple does not adjust for potential unrealized losses on these securities, which could be substantial if interest rates rise. A more appropriate metric would be Price to Tangible Book Value (P/TBV), which would provide a clearer picture of valuation relative to the bank's core, tangible equity base after accounting for such market value adjustments.