CNB Financial Corporation (CCNE) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
14.14
↑+101% vs avg
5yr avg: 7.04
30Y Low2.9·High22.3
P/FCF
↑
15.27
↑+48% vs avg
5yr avg: 10.30
30Y Low6.8·High106.6
P/B Ratio
↓
0.88
+0% vs avg
5yr avg: 0.87
30Y Low0.7·High2.5
ROE
↓
8.9%
-19% vs avg
5yr avg: 11.0%
30Y Low8%·High15%
Debt/EBITDA
↑
4.02
↑+42% vs avg
5yr avg: 2.82
30Y Low1.0·High15.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CCNE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CNB Financial Corporation trades at 12.3x earnings, 36% above its 5-year average of 9.1x, sitting at the 37th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 6%. On a free-cash-flow basis, the stock trades at 15.3x P/FCF, 48% above the 5-year average of 10.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $913M | $646M | $520M | $473M | $500M | $446M | $358M | $496M | $349M | $397M | $384M |
| Enterprise Value | $1.2B | $899M | $222M | $394M | $797M | $-161028000 | $-84250430 | $620M | $619M | $690M | $663M |
| P/E Ratio → | 12.34 | 10.43 | 10.40 | 8.86 | 7.30 | 8.39 | 10.81 | 12.43 | 10.34 | 16.71 | 18.83 |
| P/S Ratio | 2.25 | 1.59 | 1.44 | 1.47 | 2.05 | 2.13 | 1.87 | 2.77 | 2.33 | 3.11 | 3.49 |
| P/B Ratio | 0.88 | 0.74 | 0.85 | 0.83 | 0.94 | 1.01 | 0.86 | 1.62 | 1.33 | 1.63 | 1.81 |
| P/FCF | 15.27 | 10.80 | 9.41 | 13.12 | 9.65 | 8.50 | 15.50 | 11.56 | 8.35 | 15.54 | 23.10 |
| P/OCF | 14.05 | 9.93 | 7.27 | 10.06 | 7.80 | 7.57 | 12.46 | 9.55 | 7.78 | 12.91 | 14.36 |
P/E links to full P/E history page with 30-year chart
CCNE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CNB Financial Corporation's enterprise value stands at 14.1x EBITDA, 101% above its 5-year average of 7.0x. The Financial Services sector median is 11.5x, placing the stock at a 23% 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 | — | 2.22 | 0.62 | 1.22 | 3.27 | -0.77 | -0.44 | 3.47 | 4.13 | 5.40 | 6.02 |
| EV / EBITDA | 14.14 | 10.90 | 2.94 | 4.95 | 9.39 | -2.09 | -1.82 | 11.36 | 13.75 | 16.62 | 20.59 |
| EV / EBIT | 14.14 | 10.90 | 3.30 | 5.48 | 10.18 | -2.28 | -2.10 | 12.76 | 15.40 | 19.03 | 23.92 |
| EV / FCF | — | 15.03 | 4.02 | 10.92 | 15.39 | -3.07 | -3.64 | 14.48 | 14.82 | 27.00 | 39.84 |
CCNE Profitability
Margins and return-on-capital ratios measuring operating efficiency
CNB Financial Corporation earns an operating margin of 20.4%, roughly in line with the Financial Services sector average. Operating margins have compressed from 22.3% to 20.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.9% is modest, trailing the sector median of 9.4%. ROIC of 6.3% 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 | 60.7% | 60.7% | 59.1% | 65.9% | 86.6% | 87.7% | 75.1% | 74.5% | 77.9% | 81.2% | 84.4% |
| Operating Margin | 20.4% | 20.4% | 18.7% | 22.3% | 32.1% | 33.8% | 20.9% | 27.2% | 26.9% | 28.4% | 25.2% |
| Net Profit Margin | 16.3% | 16.3% | 15.2% | 18.0% | 25.9% | 27.6% | 17.0% | 22.4% | 22.5% | 18.7% | 18.7% |
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 | 8.9% | 8.9% | 9.2% | 10.5% | 13.0% | 13.4% | 9.1% | 14.1% | 13.3% | 10.5% | 9.9% |
| ROA | 0.9% | 0.9% | 0.9% | 1.0% | 1.2% | 1.1% | 0.8% | 1.1% | 1.1% | 0.9% | 0.8% |
| ROIC | 6.3% | 6.3% | 6.9% | 6.5% | 7.8% | 9.9% | 5.3% | 6.1% | 5.2% | 5.0% | 4.3% |
| ROCE | 1.8% | 1.8% | 8.6% | 11.1% | 14.2% | 13.2% | 8.9% | 13.4% | 9.2% | 7.6% | 7.4% |
CCNE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CNB Financial Corporation carries a Debt/EBITDA ratio of 4.0x, which is highly leveraged (roughly in line with the sector average of 4.1x). Net debt stands at $253M ($331M total debt minus $78M cash). 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 | 0.38 | 0.38 | 0.24 | 0.25 | 0.76 | 0.28 | 0.22 | 1.04 | 1.20 | 1.34 | 1.45 |
| Debt / EBITDA | 4.02 | 4.02 | 1.92 | 1.79 | 4.75 | 1.63 | 1.95 | 5.82 | 7.01 | 7.90 | 9.56 |
| Net Debt / Equity | — | 0.29 | -0.49 | -0.14 | 0.56 | -1.37 | -1.06 | 0.41 | 1.03 | 1.20 | 1.31 |
| Net Debt / EBITDA | 3.07 | 3.07 | -3.93 | -1.00 | 3.50 | -7.88 | -9.59 | 2.29 | 6.00 | 7.05 | 8.65 |
| Debt / FCF | — | 4.23 | -5.39 | -2.21 | 5.73 | -11.57 | -19.15 | 2.91 | 6.47 | 11.45 | 16.73 |
| Interest Coverage | 0.55 | 0.55 | 0.49 | 0.69 | 3.25 | 3.57 | 1.24 | 1.23 | 1.49 | 2.09 | 2.13 |
CCNE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
CNB Financial Corporation's current ratio of 43.23x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.11x to 43.23x 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 | 43.23 | 43.23 | 0.16 | 0.11 | 0.11 | 0.31 | 0.27 | 0.23 | 0.20 | 0.21 | 0.25 |
| Quick Ratio | 43.23 | 43.23 | 0.16 | 0.11 | 0.11 | 0.31 | 0.27 | 0.23 | 0.20 | 0.21 | 0.25 |
| Cash Ratio | 0.48 | 0.48 | 0.08 | 0.04 | 0.02 | 0.15 | 0.13 | 0.06 | 0.02 | 0.02 | 0.01 |
| Asset Turnover | — | 0.05 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CCNE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CNB Financial Corporation returns 2.4% to shareholders annually — split between a 2.4% dividend yield and 0.0% buyback yield. The payout ratio of 27.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.1% (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 | 2.4% | 2.8% | 2.9% | 3.1% | 2.5% | 2.6% | 3.1% | 2.1% | 2.9% | 2.5% | 2.5% |
| Payout Ratio | 27.5% | 27.5% | 27.3% | 25.3% | 19.9% | 20.0% | 33.5% | 25.8% | 30.4% | 42.3% | 46.5% |
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 | 8.1% | 9.6% | 9.6% | 11.3% | 13.7% | 11.9% | 9.3% | 8.0% | 9.7% | 6.0% | 5.3% |
| FCF Yield | 6.6% | 9.3% | 10.6% | 7.6% | 10.4% | 11.8% | 6.4% | 8.6% | 12.0% | 6.4% | 4.3% |
| Buyback Yield | 0.0% | 0.1% | 0.1% | 1.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.7% | 0.5% | 0.0% |
| Total Shareholder Yield | 2.4% | 2.9% | 3.0% | 4.5% | 2.8% | 2.9% | 3.4% | 2.4% | 3.6% | 3.0% | 2.5% |
| Shares Outstanding | — | $25M | $21M | $21M | $21M | $17M | $17M | $15M | $15M | $15M | $14M |
Peer Comparison
Compare CCNE 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 |
|---|---|---|---|---|---|---|---|---|---|
 CCNEYou | $913M | 12.3 | 14.1 | 15.3 | 60.7% | 20.4% | 8.9% | 6.3% | 4.0 |
 NBTB | $2B | 13.5 | 10.4 | 10.7 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 FXNC | $253M | 14.3 | 6.1 | 12.0 | 74.0% | 19.6% | 10.0% | 7.7% | 1.9 |
 CZWI | $203M | 14.4 | 15.3 | 19.6 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 PFIS | $590M | 10.0 | 10.9 | 13.6 | 66.6% | 25.7% | 12.0% | 7.7% | 3.6 |
 FUNC | $248M | 12.1 | 11.5 | 12.2 | 68.8% | 24.4% | 12.1% | 5.9% | 6.1 |
 FMNB | $557M | 9.8 | 13.9 | 10.7 | 63.8% | 23.9% | 12.2% | 5.9% | 5.7 |
 NKSH | $240M | 15.1 | 12.2 | 15.8 | 65.1% | 22.5% | 9.3% | 8.4% | 0.1 |
 CZFS | $317M | 8.6 | 13.0 | 9.0 | 63.3% | 26.0% | 11.5% | 5.4% | 6.9 |
 MNSB | $176M | 13.4 | 11.6 | 16.6 | 54.4% | 14.0% | 7.3% | 5.0% | 3.7 |
 BFIN | $150M | 36.4 | 13.4 | 27.3 | 66.2% | 6.8% | 2.6% | 1.9% | 7.5 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCCNE — Frequently Asked Questions
Quick answers to the most common questions about buying CCNE stock.
What is CNB Financial Corporation's P/E ratio?
CNB Financial Corporation's current P/E ratio is 12.3x. The historical average is 14.4x. This places it at the 37th percentile of its historical range.
What is CNB Financial Corporation's EV/EBITDA?
CNB Financial Corporation's current EV/EBITDA is 14.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
What is CNB Financial Corporation's ROE?
CNB Financial Corporation's return on equity (ROE) is 8.9%. The historical average is 11.7%.
Is CCNE stock overvalued?
Based on historical data, CNB Financial Corporation is trading at a P/E of 12.3x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is CNB Financial Corporation's dividend yield?
CNB Financial Corporation's current dividend yield is 2.38% with a payout ratio of 27.5%.
What are CNB Financial Corporation's profit margins?
CNB Financial Corporation has 60.7% gross margin and 20.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does CNB Financial Corporation have?
CNB Financial Corporation's Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.