Latest Ratios: P/E Ratio 10.2x · EV/EBITDA 15.0x · ROE 9.9%. (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 | $589M | $389M | $324M | $279M | $330M | $374M | $282M | $404M | $241M | $272M | $213M |
| Enterprise Value | $795M | $595M | $710M | $672M | $928M | $323M | $337M | $631M | $444M | $354M | $283M |
| P/E Ratio → | 10.19 | 8.42 | 10.47 | 6.75 | 8.47 | 9.28 | 8.77 | 11.94 | 17.08 | 17.19 | 12.38 |
| P/S Ratio | 3.81 | 2.25 | 2.13 | 1.74 | 2.40 | 3.01 | 2.43 | 3.83 | 2.90 | 3.88 | 3.23 |
| P/B Ratio | 0.91 | 0.72 | 0.83 | 0.75 | 0.98 | 1.05 | 0.81 | 1.23 | 0.81 | 1.47 | 1.55 |
| P/FCF | 8.90 | 9.24 | 7.36 | 4.72 | 17.64 | 9.64 | 9.19 | 11.36 | 13.30 | 13.72 | 13.93 |
| P/OCF | 13.62 | 8.99 | 6.72 | 4.46 | 13.08 | 9.18 | 8.63 | 10.42 | 12.30 | 13.05 | 12.02 |
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 | — | 3.45 | 4.68 | 4.19 | 6.77 | 2.60 | 2.90 | 5.97 | 5.34 | 5.06 | 4.30 |
| EV / EBITDA | 15.02 | 9.13 | 14.92 | 10.68 | 17.58 | 6.31 | 8.36 | 14.75 | 23.78 | 14.72 | 10.97 |
| EV / EBIT | 14.39 | 10.77 | 19.42 | 13.28 | 19.73 | 6.68 | 9.08 | 15.94 | 26.45 | 15.94 | 11.87 |
| EV / FCF | — | 14.12 | 16.12 | 11.34 | 49.69 | 8.33 | 10.98 | 17.71 | 24.45 | 17.89 | 18.53 |
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 | 98.0% | 98.0% | 96.5% | 97.2% | 98.7% | 99.3% | 91.3% | 99.0% | 99.1% | 100.0% | 102.0% |
| Operating Margin | 32.0% | 32.0% | 24.1% | 31.6% | 34.3% | 38.8% | 32.0% | 37.4% | 20.2% | 31.8% | 36.2% |
| Net Profit Margin | 26.8% | 26.8% | 20.9% | 26.8% | 28.8% | 32.6% | 27.7% | 32.1% | 17.0% | 22.7% | 26.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.9% | 9.9% | 8.3% | 12.2% | 11.4% | 11.5% | 9.5% | 10.8% | 5.9% | 9.9% | 13.1% |
| ROA | 1.1% | 1.1% | 0.8% | 1.1% | 1.2% | 1.4% | 1.3% | 1.5% | 0.8% | 1.1% | 1.3% |
| ROIC | 5.0% | 5.0% | 3.3% | 4.2% | 4.6% | 6.6% | 4.9% | 5.2% | 3.0% | 6.0% | 7.2% |
| ROCE | 8.9% | 8.9% | 6.7% | 9.1% | 8.4% | 9.0% | 7.3% | 7.8% | 4.2% | 8.9% | 10.8% |
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 | 0.52 | 0.52 | 1.16 | 1.22 | 1.92 | 0.57 | 0.52 | 0.83 | 0.82 | 0.67 | 0.78 |
| Debt / EBITDA | 4.36 | 4.36 | 9.47 | 7.21 | 12.19 | 3.99 | 4.55 | 6.42 | 13.14 | 5.11 | 4.14 |
| Net Debt / Equity | — | 0.38 | 0.99 | 1.06 | 1.79 | -0.14 | 0.16 | 0.68 | 0.68 | 0.45 | 0.51 |
| Net Debt / EBITDA | 3.16 | 3.16 | 8.11 | 6.24 | 11.34 | -0.99 | 1.37 | 5.29 | 10.85 | 3.43 | 2.72 |
| Debt / FCF | — | 4.88 | 8.77 | 6.62 | 32.05 | -1.31 | 1.80 | 6.35 | 11.15 | 4.17 | 4.59 |
| Interest Coverage | 0.67 | 0.67 | 0.41 | 0.88 | 2.95 | 5.02 | 3.66 | 3.05 | 2.22 | 5.43 | 7.21 |
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 | 0.11 | 0.11 | 0.11 | 0.22 | 0.23 | 0.33 | 0.22 | 0.23 | 0.24 | 0.22 | 0.20 |
| Quick Ratio | 0.11 | 0.11 | 0.11 | 0.22 | 0.23 | 0.33 | 0.22 | 0.23 | 0.24 | 0.22 | 0.20 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.10 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 |
| 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 | 2.4% | 3.0% | 3.1% | 3.4% | 2.6% | 2.1% | 2.5% | 1.8% | 2.0% | 1.4% | 1.5% |
| Payout Ratio | 25.6% | 25.6% | 31.8% | 22.3% | 21.5% | 19.8% | 22.1% | 21.2% | 33.6% | 23.2% | 18.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.8% | 11.9% | 9.6% | 14.8% | 11.8% | 10.8% | 11.4% | 8.4% | 5.9% | 5.8% | 8.1% |
| FCF Yield | 11.2% | 10.8% | 13.6% | 21.2% | 5.7% | 10.4% | 10.9% | 8.8% | 7.5% | 7.3% | 7.2% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.6% | 5.1% | 6.0% | 4.8% | 1.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.4% | 3.1% | 3.2% | 4.0% | 7.7% | 8.1% | 7.3% | 2.7% | 2.0% | 1.4% | 1.5% |
| Shares Outstanding | — | $18M | $15M | $15M | $15M | $15M | $16M | $17M | $14M | $12M | $11M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CIVB stock.
Civista Bancshares, Inc.'s current P/E ratio is 10.2x. The historical average is 16.3x. This places it at the 25th percentile of its historical range.
Civista Bancshares, Inc.'s current EV/EBITDA is 15.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
Civista Bancshares, Inc.'s return on equity (ROE) is 9.9%. The historical average is 7.1%.
Based on historical data, Civista Bancshares, Inc. is trading at a P/E of 10.2x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Civista Bancshares, Inc.'s current dividend yield is 2.38% with a payout ratio of 25.6%.
Civista Bancshares, Inc. has 98.0% gross margin and 32.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Civista Bancshares, Inc.'s Debt/EBITDA ratio is 4.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Thin equity cushion against securities
Metrics are mathematically derived from official filings.
Discount to Book Despite Rising Returns
Based on Civista's reported figures, CIVB trades at 0.91 times book and roughly 1.4 times tangible book value, a discount that sits well below the peer group median of about 1.3 times and suggests the market is pricing the franchise as a commodity balance sheet rather than a premium earner.
Tangible book value per share has climbed from $15.83 in 2024Q2 to $19.88 in 2026Q3, yet the stock price of $28.36 implies the market is not paying up for that compounding. A P/E of 10.7 times trailing and 9.7 times forward is undemanding against peers such as CHMG at 27 times, which may reflect skepticism about the durability of recent earnings given the volatile fee line. Investors should monitor whether ROE holding near 2.6% to 2.9% can rise enough to justify closing the gap to tangible book.
Returns Lifted by Leverage Not Margin
According to recent SEC filings, CIVB's ROE rose from 1.9% in 2024Q2 to 2.9% in 2026Q3, but ROA remained near 0.3% and equity-to-assets sits around 0.13, indicating that leverage and not asset yield is doing most of the work in the return profile.
The DuPont structure shows a net interest margin of roughly 0.8% to 0.9% that is thin on its own, so the bank depends on a large, lightly capitalized asset base to generate returns. The 2026Q2 fee swing, with non-interest income turning sharply negative, shows how quickly the earnings base can be disrupted. Investors should view the ROE improvement as partly a function of balance sheet growth and warrant further investigation into the sustainability of fee income before extrapolating it.
Efficiency Gains Outpace Thin Margin
As reported in financial statements, CIVB's efficiency ratio improved from roughly 74% in 2024Q2 to 57% in 2026Q3, while net interest margin held in a narrow 0.7% to 0.9% band, pointing to cost discipline doing more of the profitability lifting than spread expansion.
The efficiency trend is encouraging, but the 2026Q2 reading of 140% reflects the non-interest income disruption rather than a true cost problem, which makes the quarterly series hard to read cleanly. A net interest margin below one percent leaves little cushion if funding costs reprice faster than asset yields. Investors should monitor whether the efficiency improvement persists once fee income normalizes.
Credit Costs Low but Unproven
Based on CIVB's reported figures, provision expense fell from $1.7M in 2024Q2 to near zero in several recent quarters, a pattern that may indicate a benign credit cycle or lighter reserve builds that warrant further investigation.
Low provisions flatter earnings in the near term, and the supplied data does not disclose charge-off or nonperforming loan detail that would confirm reserve adequacy. With securities representing roughly 90% of assets, credit quality on the loan book is only one part of the risk picture. Investors should treat current reserve levels as unverified until asset quality disclosures are available.
Leverage Ratio Overstates Capital Strength
Return on equity is frequently cited as the headline metric for regional banks, but for CIVB, with equity near 13% of assets and a securities book near $3.9B, ROE may obscure how thin the tangible capital cushion is against unrealized securities losses.
ROE flatters a bank with low capital relative to assets, and here the equity-to-assets ratio gives little room for securities marks to erode tangible equity. Regulatory capital ratios such as CET1 and their treatment of AOCI are not included in the supplied data, so the adequacy of capital cannot be confirmed from these figures. Tangible common equity to tangible assets, adjusted for unrealized securities losses, would be a more appropriate alternative to judge capital strength.