Latest Ratios: P/E Ratio 11.0x · EV/EBITDA 9.1x · 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 | $297M | $235M | $235M | $233M | $205M | $184M | $135M | $191M | $186M | $202M | $172M |
| Enterprise Value | $332M | $269M | $292M | $267M | $270M | $7M | $125M | $187M | $231M | $251M | $234M |
| P/E Ratio → | 11.02 | 8.76 | 11.86 | 9.85 | 7.03 | 6.44 | 6.12 | 10.12 | 10.33 | 30.85 | 12.81 |
| P/S Ratio | 2.11 | 1.67 | 1.90 | 1.89 | 1.77 | 1.40 | 1.00 | 1.73 | 1.75 | 1.89 | 1.62 |
| P/B Ratio | 1.13 | 0.90 | 1.04 | 1.07 | 1.04 | 0.87 | 0.70 | 1.16 | 1.23 | 1.43 | 1.24 |
| P/FCF | 13.42 | 10.61 | 6.72 | 6.23 | 2.35 | 1.21 | — | — | 4.22 | 9.36 | 7.10 |
| P/OCF | 12.14 | 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 | 9.06 | 7.35 | 10.44 | 8.08 | 6.54 | 0.17 | 3.74 | 6.72 | 8.81 | 11.71 | 10.95 |
| EV / EBIT | 10.03 | 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 | 2.0% | 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 | 9.1% | 11.4% | 8.4% | 10.1% | 14.2% | 15.5% | 16.3% | 9.9% | 9.7% | 3.2% | 7.8% |
| FCF Yield | 7.5% | 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 | 2.3% | 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 11.0x. The historical average is 10.8x. This places it at the 62th percentile of its historical range.
C&F Financial Corporation's current EV/EBITDA is 9.1x. 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 11.0x. This is at the 62th 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 2.01% 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
Consumer credit quality volatility
Metrics are mathematically derived from official filings.
Market Pricing Reflects Conglomerate Discount
Trading at a P/B of 1.06, CFFI appears to be valued by the market as a commodity balance sheet rather than a premium franchise, as reported in recent financial data, suggesting investors remain skeptical of the sustainability of its diversified mortgage and consumer finance earnings streams.
The current P/B multiple of 1.06 indicates that the market is not assigning a significant premium to CFFI's specialized business model, likely due to the inherent volatility of its mortgage banking segment. This valuation suggests that investors are discounting the potential for high-yield consumer finance to offset cyclical downturns in mortgage origination, warranting further investigation into whether the bank's ROTCE can sustainably exceed its cost of capital.
DuPont Analysis Reveals Profitability Constraints
Based on the quarterly figures, CFFI's ROE has remained constrained between 1.6% and 3.2% over the last ten quarters, indicating that the bank's profitability is currently hampered by high operating expenses and a conservative leverage profile that limits the impact of its net interest margin.
The decomposition of ROE suggests that while the bank maintains a stable NIM of approximately 1.0%, the overall profitability is diluted by the high cost of maintaining a diversified, multi-segment operational structure. The lack of aggressive leverage, evidenced by a stable equity-to-assets ratio of 0.09, implies that management prioritizes balance sheet preservation over the pursuit of higher, risk-adjusted returns on equity.
Efficiency Ratio Pressures Margin Sustainability
As reported in the company's financial statements, the efficiency ratio has fluctuated between 48.0% and 56.7% over the last ten quarters, which suggests that CFFI faces ongoing challenges in scaling its non-interest expenses relative to the revenue generated by its diversified mortgage and consumer finance business segments.
The volatility in the efficiency ratio indicates that the bank's operating leverage is sensitive to fluctuations in mortgage fee income, which can be lumpy and unpredictable. Investors should monitor whether the bank can achieve better cost control in its retail banking segment to offset the administrative burden of its specialized consumer finance operations.
Misapplication of P/E in Banking
The P/E ratio is frequently misapplied to CFFI, as it obscures the impact of non-cash provision for credit losses and volatile mortgage servicing rights valuations, which can significantly distort headline earnings and lead to an inaccurate assessment of the bank's core operational profitability.
Analysts should instead focus on P/TBV and ROTCE, as these metrics provide a clearer view of the bank's capital efficiency and the underlying value of its tangible assets. Relying on P/E ignores the cyclical nature of the bank's fee-based income and the accounting-driven volatility inherent in the CECL provisioning model, which may lead to a misunderstanding of the bank's true earnings power.