Latest Ratios: P/E Ratio 11.3x · EV/EBITDA 7.3x · ROE 11.0%. (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 | $342M | $235M | $235M | $233M | $205M | $184M | $135M | $191M | $186M | $202M | $172M |
| Enterprise Value | $376M | $269M | $292M | $267M | $270M | $7M | $125M | $187M | $231M | $251M | $234M |
| P/E Ratio → | 11.29 | 8.76 | 11.86 | 9.85 | 7.03 | 6.44 | 6.12 | 10.12 | 10.33 | 30.85 | 12.81 |
| P/S Ratio | 2.29 | 1.67 | 1.90 | 1.89 | 1.77 | 1.40 | 1.00 | 1.73 | 1.75 | 1.89 | 1.62 |
| P/B Ratio | 1.30 | 0.90 | 1.04 | 1.07 | 1.04 | 0.87 | 0.70 | 1.16 | 1.23 | 1.43 | 1.24 |
| P/FCF | 7.10 | 10.61 | 6.72 | 6.23 | 2.35 | 1.21 | — | — | 4.22 | 9.36 | 7.10 |
| P/OCF | 13.97 | 9.60 | 6.11 | 5.99 | 2.26 | 1.17 | — | — | 3.92 | 7.85 | 6.39 |
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 | — | 1.91 | 2.36 | 2.17 | 2.34 | 0.05 | 0.93 | 1.69 | 2.17 | 2.34 | 2.19 |
| EV / EBITDA | 7.29 | 7.35 | 10.44 | 8.08 | 6.54 | 0.17 | 3.74 | 6.72 | 8.81 | 11.71 | 10.95 |
| EV / EBIT | 11.38 | 8.14 | 12.11 | 9.16 | 7.31 | 0.19 | 4.28 | 7.80 | 10.25 | 13.95 | 13.04 |
| EV / FCF | — | 12.15 | 8.35 | 7.15 | 3.10 | 0.05 | — | — | 5.23 | 11.61 | 9.63 |
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 | 91.8% | 91.8% | 89.3% | 93.3% | 97.3% | 99.6% | 91.8% | 92.3% | 89.7% | 84.7% | 83.1% |
| Operating Margin | 23.5% | 23.5% | 19.5% | 23.6% | 32.0% | 28.9% | 21.7% | 21.7% | 21.2% | 16.8% | 16.8% |
| Net Profit Margin | 19.1% | 19.1% | 16.0% | 19.1% | 25.2% | 21.8% | 16.4% | 17.1% | 16.9% | 6.1% | 12.6% |
| 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% | 8.9% | 11.4% | 14.3% | 14.1% | 12.3% | 11.9% | 12.3% | 4.7% | 10.0% |
| ROA | 1.0% | 1.0% | 0.8% | 1.0% | 1.3% | 1.3% | 1.2% | 1.2% | 1.2% | 0.4% | 0.9% |
| ROIC | 6.8% | 6.8% | 5.3% | 7.1% | 9.4% | 10.0% | 7.3% | 5.6% | 5.4% | 4.4% | 4.4% |
| ROCE | 8.7% | 8.7% | 7.2% | 9.7% | 12.2% | 12.1% | 8.8% | 7.1% | 7.0% | 5.7% | 5.6% |
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 | 0.43 | 0.43 | 0.54 | 0.50 | 0.47 | 0.43 | 0.39 | 0.98 | 1.05 | 1.18 | 1.18 |
| Debt / EBITDA | 3.10 | 3.10 | 4.38 | 3.32 | 2.23 | 2.11 | 2.28 | 5.80 | 6.09 | 7.84 | 7.71 |
| Net Debt / Equity | — | 0.13 | 0.25 | 0.16 | 0.33 | -0.84 | -0.05 | -0.03 | 0.29 | 0.34 | 0.44 |
| Net Debt / EBITDA | 0.93 | 0.93 | 2.04 | 1.04 | 1.58 | -4.14 | -0.31 | -0.15 | 1.70 | 2.26 | 2.88 |
| Debt / FCF | — | 1.54 | 1.63 | 0.92 | 0.75 | -1.16 | — | — | 1.01 | 2.24 | 2.53 |
| Interest Coverage | 0.73 | 0.73 | 0.56 | 1.10 | 4.68 | 4.56 | 2.18 | 1.64 | 2.04 | 1.87 | 2.00 |
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 | 0.18 | 0.18 | 0.06 | 0.26 | 0.27 | 0.33 | 0.21 | 0.28 | 0.28 | 0.29 | 0.28 |
| Quick Ratio | 0.18 | 0.18 | 0.06 | 0.26 | 0.27 | 0.33 | 0.21 | 0.28 | 0.28 | 0.29 | 0.28 |
| Cash Ratio | 0.03 | 0.03 | 0.03 | 0.04 | 0.01 | 0.14 | 0.05 | 0.13 | 0.10 | 0.10 | 0.09 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 |
| 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 | 1.7% | 2.5% | 2.5% | 2.6% | 2.8% | 3.1% | 4.1% | 2.7% | 2.6% | 2.3% | 2.6% |
| Payout Ratio | 22.2% | 22.2% | 29.1% | 25.4% | 19.7% | 19.8% | 25.1% | 27.2% | 27.4% | 70.6% | 33.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.9% | 11.4% | 8.4% | 10.1% | 14.2% | 15.5% | 16.3% | 9.9% | 9.7% | 3.2% | 7.8% |
| FCF Yield | 14.1% | 9.4% | 14.9% | 16.1% | 42.5% | 82.7% | — | — | 23.7% | 10.7% | 14.1% |
| Buyback Yield | 0.3% | 0.4% | 3.7% | 3.3% | 2.6% | 4.5% | 0.8% | 2.6% | 0.8% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.0% | 2.9% | 6.2% | 5.9% | 5.4% | 7.5% | 4.9% | 5.3% | 3.5% | 2.3% | 2.6% |
| Shares Outstanding | — | $3M | $3M | $3M | $4M | $4M | $4M | $3M | $4M | $3M | $3M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CFFI stock.
C&F Financial Corporation's current P/E ratio is 11.3x. The historical average is 10.8x. This places it at the 69th percentile of its historical range.
C&F Financial Corporation's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
C&F Financial Corporation's return on equity (ROE) is 11.0%. The historical average is 13.5%.
Based on historical data, C&F Financial Corporation is trading at a P/E of 11.3x. This is at the 69th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
C&F Financial Corporation's current dividend yield is 1.75% with a payout ratio of 22.2%.
C&F Financial Corporation has 91.8% gross margin and 23.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
C&F Financial Corporation's Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Thin margin and provision pressure
Metrics are mathematically derived from official filings.
Discount to Tangible Book Warrants Scrutiny
Based on CFFI's reported figures, the stock trades at a 1.30x P/B and roughly 11.0x forward earnings, a multiple that suggests the market prices the bank as a modest-return regional franchise rather than a premium compounder.
The P/B of 1.30x is the primary valuation anchor for this bank, and at a reported ROE near 3% the implied return on tangible equity appears too low to justify a premium multiple. The PEG of 1.96 suggests investors are paying for projected earnings recovery that has not yet been demonstrated consistently across recent quarters. Investors should monitor whether sustained ROTCE improvement toward double digits is needed to support the current price-to-book level.
ROE Thin Despite Leverage Rebuild
As reported in CFFI's quarterly statements, ROE has ranged from 2.3% to 3.2% against an ROA of roughly 0.2% to 0.3%, implying the return profile depends heavily on leverage rather than asset productivity.
DuPont decomposition shows ROA near 0.3% with an equity-to-assets ratio near 0.10, meaning the roughly 3% ROE is largely a function of balance sheet leverage on a very thin asset return. A net interest margin around 1.0% and non-interest income contributing 19% to 28% of revenue leave limited room for error in spread or fee volatility. This structure may indicate that profitability quality is more fragile than headline ROE suggests.
Thin Margin Offset by Cost Discipline
Based on CFFI's reported figures, NIM has held near 1.0% across all ten quarters while the efficiency ratio improved from 71.4% to 62.7% before settling at 66.2%, suggesting cost control is doing much of the earnings work.
A flat NIM of roughly 1.0% indicates the bank has not expanded its spread despite rate movements, leaving net interest income growth dependent on balance sheet growth rather than pricing. The efficiency ratio improvement from 2024 to mid-2026 suggests genuine operating leverage, but the rebound to 66.2% in the latest quarter may indicate that gains are sensitive to revenue swings. Investors should monitor whether the efficiency ratio can hold below the mid-60s range if NIM remains compressed.
Provisioning Absorbs Pre-Provision Earnings
As reported in CFFI's quarterly financial statements, provision expense of $2.1M to $3.7M per quarter, including $3.6M in both 2026Q1 and 2026Q2, represents a meaningful share of pre-provision earnings, warranting closer review of reserve adequacy.
Given the bank's thin net margin and roughly $8M to $9M quarterly net income in recent periods, recurring provisions near $3.6M consume a material portion of earnings power. Reserve coverage and nonperforming asset detail are not included in the supplied data, so adequacy cannot be assessed directly and should be treated as unresolved. This pattern warrants further investigation into the credit mix of the loan book.
Equity Ratio Strong, Regulatory Ratios Unavailable
Based on reported figures, equity-to-assets near 0.10 with equity rising from $218.5M to $268.8M provides a visible capital cushion, though CET1 and Tier 1 ratios are not disclosed in the supplied data.
The rising equity base relative to a growing $2.8B asset book suggests capital has been retained rather than deployed aggressively. Without CET1 or total capital ratios, capacity for dividends or buybacks cannot be measured against regulatory minimums, and this data gap should not be read as either strength or weakness. Investors should verify regulatory capital ratios from primary filings before drawing conclusions about capital return headroom.
Tangible Book Growth May Overstate Quality
The rise in tangible book value per share from roughly $62 to $75 over ten quarters, per reported figures, may partly reflect securities-driven balance sheet growth and earnings volatility rather than durable franchise value creation.
The growing tangible book is the metric most likely to be read as a sign of improving franchise value, yet it is substantially a function of retained earnings and balance sheet expansion concentrated in the securities book. The key analytical risk is that a 1.0% NIM and volatile fee income make tangible book accretion less reliable than a steady-spread bank would deliver. Investors should monitor whether ROTCE expansion, not book value growth alone, drives any justification for the 1.30x P/B.