ConnectOne Bancorp, Inc. (CNOB) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
24.03
↑+81% vs avg
5yr avg: 13.31
30Y Low0.5·High49.4
P/FCF
↑
16.16
↑+58% vs avg
5yr avg: 10.24
30Y Low5.5·High89.8
P/B Ratio
↓
1.04
↑+22% vs avg
5yr avg: 0.85
30Y Low0.7·High3.3
ROE
↓
5.7%
↑-33% vs avg
5yr avg: 8.5%
30Y Low4%·High17%
Debt/EBITDA
↑
10.38
↑+46% vs avg
5yr avg: 7.11
30Y Low0.1·High44.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CNOB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ConnectOne Bancorp, Inc. trades at 21.9x earnings, 83% above its 5-year average of 12.0x, sitting at the 80th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 61%. On a free-cash-flow basis, the stock trades at 16.2x P/FCF, 58% above the 5-year average of 10.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $1.3B | $883M | $893M | $956M | $1.3B | $785M | $908M | $598M | $830M | $796M |
| Enterprise Value | $2.7B | $2.4B | $1.3B | $1.7B | $1.7B | $1.7B | $1.1B | $1.4B | $1.2B | $1.4B | $1.1B |
| P/E Ratio → | 21.93 | 17.72 | 13.02 | 11.07 | 8.04 | 10.16 | 11.06 | 12.43 | 9.88 | 19.22 | 25.69 |
| P/S Ratio | 2.69 | 2.18 | 1.65 | 1.77 | 2.47 | 4.18 | 2.43 | 3.25 | 2.70 | 4.38 | 4.65 |
| P/B Ratio | 1.04 | 0.84 | 0.71 | 0.73 | 0.81 | 1.18 | 0.86 | 1.24 | 0.97 | 1.47 | 1.50 |
| P/FCF | 16.16 | 13.09 | 15.51 | 10.45 | 5.51 | 6.64 | 9.94 | 15.34 | 6.87 | 6.46 | 16.94 |
| P/OCF | 15.34 | 12.42 | 14.54 | 9.61 | 5.41 | 6.55 | 9.67 | 14.96 | 6.71 | 6.33 | 16.02 |
P/E links to full P/E history page with 30-year chart
CNOB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ConnectOne Bancorp, Inc.'s enterprise value stands at 24.0x EBITDA, 81% above its 5-year average of 13.3x. The Financial Services sector median is 11.4x, placing the stock at a 111% 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 | — | 3.96 | 2.45 | 3.33 | 4.42 | 5.34 | 3.49 | 4.84 | 5.21 | 7.41 | 6.58 |
| EV / EBITDA | 24.03 | 21.28 | 12.58 | 13.64 | 9.67 | 9.36 | 11.60 | 13.73 | 15.42 | 19.41 | 24.29 |
| EV / EBIT | 24.03 | 21.28 | 13.30 | 14.33 | 9.99 | 9.67 | 12.47 | 14.38 | 16.22 | 20.51 | 26.29 |
| EV / FCF | — | 23.76 | 23.01 | 19.61 | 9.86 | 8.48 | 14.28 | 22.85 | 13.26 | 10.94 | 23.97 |
CNOB Profitability
Margins and return-on-capital ratios measuring operating efficiency
ConnectOne Bancorp, Inc. earns an operating margin of 18.6%, roughly in line with the Financial Services sector average. Operating margins have compressed from 23.2% to 18.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 5.7% is modest, trailing the sector median of 9.0%. ROIC of 3.5% represents below-average returns on invested capital versus a sector median of 5.5%.
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 | 44.2% | 44.2% | 46.8% | 51.8% | 76.9% | 89.5% | 65.5% | 66.6% | 63.9% | 77.7% | 59.2% |
| Operating Margin | 18.6% | 18.6% | 18.4% | 23.2% | 44.2% | 55.3% | 28.0% | 33.6% | 32.1% | 36.1% | 25.0% |
| Net Profit Margin | 13.3% | 13.3% | 13.8% | 17.3% | 32.4% | 41.2% | 22.1% | 26.3% | 27.2% | 22.8% | 18.2% |
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 | 5.7% | 5.7% | 6.0% | 7.3% | 10.9% | 12.8% | 8.7% | 10.9% | 10.2% | 7.9% | 6.2% |
| ROA | 0.7% | 0.7% | 0.7% | 0.9% | 1.4% | 1.7% | 1.0% | 1.3% | 1.1% | 0.9% | 0.7% |
| ROIC | 3.5% | 3.5% | 3.5% | 3.9% | 6.5% | 7.9% | 4.6% | 5.2% | 4.1% | 4.4% | 2.8% |
| ROCE | 1.5% | 1.5% | 6.9% | 8.1% | 10.5% | 10.3% | 6.0% | 6.8% | 5.3% | 5.7% | 3.7% |
CNOB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ConnectOne Bancorp, Inc. carries a Debt/EBITDA ratio of 10.4x, which is highly leveraged (144% above the sector average of 4.3x). Net debt stands at $1.1B ($1.2B total debt minus $92M cash). Interest coverage of just 0.4x 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 | 0.74 | 0.74 | 0.63 | 0.84 | 0.87 | 0.56 | 0.71 | 0.88 | 1.19 | 1.28 | 1.00 |
| Debt / EBITDA | 10.38 | 10.38 | 7.52 | 8.35 | 5.78 | 3.50 | 6.65 | 6.56 | 9.74 | 10.01 | 11.44 |
| Net Debt / Equity | — | 0.69 | 0.34 | 0.64 | 0.64 | 0.33 | 0.37 | 0.61 | 0.91 | 1.02 | 0.62 |
| Net Debt / EBITDA | 9.56 | 9.56 | 4.10 | 6.37 | 4.27 | 2.04 | 3.53 | 4.51 | 7.43 | 7.95 | 7.12 |
| Debt / FCF | — | 10.67 | 7.50 | 9.17 | 4.35 | 1.84 | 4.34 | 7.51 | 6.39 | 4.48 | 7.03 |
| Interest Coverage | 0.39 | 0.39 | 0.36 | 0.50 | 2.39 | 4.50 | 1.29 | 1.10 | 1.21 | 1.89 | 1.38 |
CNOB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
ConnectOne Bancorp, Inc.'s current ratio of 391.51x 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 391.51x 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 | 391.51 | 391.51 | 0.05 | 0.11 | 0.12 | 0.13 | 0.14 | 0.13 | 0.15 | 0.16 | 0.17 |
| Quick Ratio | 391.51 | 391.51 | 0.05 | 0.11 | 0.12 | 0.13 | 0.14 | 0.13 | 0.15 | 0.16 | 0.17 |
| Cash Ratio | 2.85 | 2.85 | 0.04 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.06 |
| Asset Turnover | — | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CNOB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ConnectOne Bancorp, Inc. returns 2.1% to shareholders annually — split between a 2.0% dividend yield and 0.1% buyback yield. The payout ratio of 39.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.6% (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 | 2.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 39.7% | 39.7% | 37.0% | 29.8% | 18.7% | 13.4% | 20.1% | 16.6% | 16.0% | 22.2% | 29.2% |
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 | 4.6% | 5.6% | 7.7% | 9.0% | 12.4% | 9.8% | 9.0% | 8.0% | 10.1% | 5.2% | 3.9% |
| FCF Yield | 6.2% | 7.6% | 6.4% | 9.6% | 18.2% | 15.1% | 10.1% | 6.5% | 14.6% | 15.5% | 5.9% |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $50M | $39M | $39M | $39M | $40M | $40M | $35M | $32M | $32M | $31M |
Peer Comparison
Compare CNOB 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 |
|---|---|---|---|---|---|---|---|---|---|
 CNOBYou | $2B | 21.9 | 24.0 | 16.2 | 44.2% | 18.6% | 5.7% | 3.5% | 10.4 |
 DCOM | $2B | 16.5 | -1.7 | 9.4 | 56.1% | 21.5% | 7.7% | 5.6% | 2.4 |
 OCFC | $1B | 15.4 | 27.2 | 13.0 | 54.5% | 14.1% | 4.2% | 2.2% | 17.5 |
 NBTB | $2B | 14.0 | 10.7 | 11.1 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 TRMK | $3B | 12.1 | 9.4 | 11.3 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 WSFS | $4B | 14.6 | 7.1 | 18.3 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 FULT | $4B | 11.0 | 10.3 | 15.5 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 ACNB | $592M | 15.9 | 16.9 | 11.3 | 73.7% | 27.3% | 10.2% | 5.3% | 6.2 |
 NFBK | $602M | 727.8 | 63.2 | 11.5 | 35.3% | 9.3% | 0.1% | 0.8% | 39.6 |
 FIS | $20B | 50.9 | 6.4 | 7.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $26B | 7.5 | 6.1 | 5.9 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
CNOB — Frequently Asked Questions
Quick answers to the most common questions about buying CNOB stock.
What is ConnectOne Bancorp, Inc.'s P/E ratio?
ConnectOne Bancorp, Inc.'s current P/E ratio is 21.9x. The historical average is 17.7x. This places it at the 80th percentile of its historical range.
What is ConnectOne Bancorp, Inc.'s EV/EBITDA?
ConnectOne Bancorp, Inc.'s current EV/EBITDA is 24.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.0x.
What is ConnectOne Bancorp, Inc.'s ROE?
ConnectOne Bancorp, Inc.'s return on equity (ROE) is 5.7%. The historical average is 9.8%.
Is CNOB stock overvalued?
Based on historical data, ConnectOne Bancorp, Inc. is trading at a P/E of 21.9x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ConnectOne Bancorp, Inc.'s dividend yield?
ConnectOne Bancorp, Inc.'s current dividend yield is 1.95% with a payout ratio of 39.7%.
What are ConnectOne Bancorp, Inc.'s profit margins?
ConnectOne Bancorp, Inc. has 44.2% gross margin and 18.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does ConnectOne Bancorp, Inc. have?
ConnectOne Bancorp, Inc.'s Debt/EBITDA ratio is 10.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.