Columbia Banking System, Inc. (COLB) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.03
+3% vs avg
5yr avg: 11.69
30Y Low1.0·High41.4
P/FCF
↑
10.30
+12% vs avg
5yr avg: 9.21
30Y Low5.3·High96.7
P/B Ratio
↓
1.16
↓-32% vs avg
5yr avg: 1.69
30Y Low0.5·High2.9
ROE
↓
8.5%
↑-25% vs avg
5yr avg: 11.3%
30Y Low-43%·High22%
Debt/EBITDA
↑
4.48
+2% vs avg
5yr avg: 4.39
30Y Low0.9·High12.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
COLB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Columbia Banking System, Inc. trades at 13.3x earnings, 11% below its 5-year average of 14.9x, sitting at the 11th percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.6x. On a free-cash-flow basis, the stock trades at 10.3x P/FCF, 12% above the 5-year average of 9.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.3B | $8.3B | $5.7B | $5.2B | $6.6B | $7.2B | $7.9B | $9.0B | $8.0B | $9.6B | $9.9B |
| Enterprise Value | $10.8B | $11.8B | $7.7B | $7.8B | $7.0B | $5.4B | $6.9B | $9.3B | $8.8B | $10.4B | $10.0B |
| P/E Ratio → | 13.28 | 12.15 | 10.59 | 14.99 | 19.44 | 17.13 | — | 25.43 | 25.38 | 38.79 | 42.55 |
| P/S Ratio | 2.26 | 2.58 | 1.91 | 1.90 | 4.86 | 5.45 | 5.55 | 6.10 | 5.95 | 7.84 | 8.18 |
| P/B Ratio | 1.16 | 1.06 | 1.10 | 1.05 | 2.64 | 2.61 | 2.92 | 2.08 | 1.97 | 2.42 | 2.52 |
| P/FCF | 10.30 | 11.75 | 9.07 | 7.80 | 6.31 | 11.10 | 96.66 | — | 16.14 | 18.76 | 25.65 |
| P/OCF | 9.75 | 11.12 | 8.58 | 7.80 | 6.15 | 10.84 | 84.31 | — | 15.85 | 18.61 | 23.77 |
P/E links to full P/E history page with 30-year chart
COLB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Columbia Banking System, Inc.'s enterprise value stands at 12.0x EBITDA, roughly in line with its 5-year average of 11.7x. The Financial Services sector median is 11.4x, placing the stock at a 6% 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 | — | 3.67 | 2.59 | 2.85 | 5.18 | 4.09 | 4.87 | 6.33 | 6.55 | 8.53 | 8.28 |
| EV / EBITDA | 12.03 | 13.17 | 8.85 | 12.71 | 14.56 | 9.15 | — | 18.19 | 18.58 | 25.63 | 23.77 |
| EV / EBIT | 14.33 | 15.69 | 10.69 | 16.61 | 15.48 | 9.67 | — | 19.87 | 20.88 | 29.89 | 27.67 |
| EV / FCF | — | 16.70 | 12.33 | 11.68 | 6.72 | 8.34 | 84.81 | — | 17.79 | 20.41 | 25.96 |
COLB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Columbia Banking System, Inc. earns an operating margin of 23.4%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 17.2% to 23.4% over the past 3 years, signaling improving operational efficiency. ROE of 8.5% is modest, trailing the sector median of 9.0%. ROIC of 5.4% represents adequate 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 | 67.7% | 67.7% | 61.5% | 65.0% | 88.0% | 100.0% | 76.5% | 80.8% | 86.3% | 89.7% | 91.1% |
| Operating Margin | 23.4% | 23.4% | 24.2% | 17.2% | 33.4% | 42.3% | -102.2% | 31.9% | 31.4% | 28.5% | 29.9% |
| Net Profit Margin | 17.1% | 17.1% | 18.0% | 12.7% | 25.0% | 31.9% | -106.9% | 24.1% | 23.5% | 19.8% | 19.1% |
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 | 8.5% | 8.5% | 10.6% | 9.3% | 12.9% | 15.4% | -43.4% | 8.5% | 7.9% | 6.1% | 5.9% |
| ROA | 0.9% | 0.9% | 1.0% | 0.8% | 1.1% | 1.4% | -5.2% | 1.3% | 1.2% | 1.0% | 1.0% |
| ROIC | 5.4% | 5.4% | 5.7% | 5.1% | 8.5% | 10.4% | -21.2% | 6.1% | 5.8% | 4.8% | 5.0% |
| ROCE | 2.0% | 2.0% | 7.2% | 6.4% | 11.2% | 14.3% | -28.3% | 8.1% | 7.7% | 6.4% | 6.7% |
COLB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Columbia Banking System, Inc. carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (5% above the sector average of 4.3x). Net debt stands at $3.5B ($4.0B total debt minus $511M cash). Interest coverage of just 0.8x 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 | 0.51 | 0.51 | 0.76 | 0.95 | 0.69 | 0.35 | 0.59 | 0.39 | 0.35 | 0.37 | 0.40 |
| Debt / EBITDA | 4.48 | 4.48 | 4.49 | 7.73 | 3.59 | 1.65 | — | 3.32 | 3.03 | 3.62 | 3.73 |
| Net Debt / Equity | — | 0.45 | 0.40 | 0.52 | 0.17 | -0.65 | -0.36 | 0.08 | 0.20 | 0.21 | 0.03 |
| Net Debt / EBITDA | 3.91 | 3.91 | 2.34 | 4.22 | 0.88 | -3.03 | — | 0.66 | 1.72 | 2.06 | 0.28 |
| Debt / FCF | — | 4.95 | 3.26 | 3.88 | 0.41 | -2.76 | -11.85 | — | 1.64 | 1.64 | 0.31 |
| Interest Coverage | 0.82 | 0.82 | 0.69 | 0.63 | 5.78 | 13.17 | -11.19 | 2.23 | 3.29 | 4.46 | 5.47 |
COLB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.22x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.30x to 0.22x 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 | 0.22 | 0.22 | 0.09 | 0.30 | 0.23 | 0.30 | 0.28 | 0.25 | 0.24 | 0.25 | 0.27 |
| Quick Ratio | 0.22 | 0.22 | 0.09 | 0.30 | 0.23 | 0.30 | 0.28 | 0.25 | 0.24 | 0.25 | 0.27 |
| Cash Ratio | 0.15 | 0.15 | 0.04 | 0.05 | 0.05 | 0.10 | 0.10 | 0.06 | 0.03 | 0.03 | 0.07 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
COLB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Columbia Banking System, Inc. returns 5.2% to shareholders annually — split between a 3.7% dividend yield and 1.5% buyback yield. A payout ratio of 60.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.5% (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 | 3.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 60.9% | 60.9% | 56.3% | 77.5% | 54.1% | 43.7% | — | 52.3% | 55.0% | 60.0% | 61.3% |
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 | 7.5% | 8.2% | 9.4% | 6.7% | 5.1% | 5.8% | — | 3.9% | 3.9% | 2.6% | 2.4% |
| FCF Yield | 9.7% | 8.5% | 11.0% | 12.8% | 15.8% | 9.0% | 1.0% | — | 6.2% | 5.3% | 3.9% |
| Buyback Yield | 1.5% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 5.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $297M | $209M | $196M | $217M | $220M | $220M | $221M | $221M | $221M | $221M |
Peer Comparison
Compare COLB 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 |
|---|---|---|---|---|---|---|---|---|---|
 COLBYou | $7B | 13.3 | 12.0 | 10.3 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 WAFD | $3B | 13.9 | 13.3 | 13.5 | 50.9% | 20.5% | 7.5% | 3.9% | 6.1 |
 BANR | $2B | 11.5 | 9.4 | 8.9 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 HOMB | $5B | 11.5 | 9.3 | 11.3 | 77.3% | 43.8% | 11.5% | 8.7% | 1.5 |
 CVBF | $3B | 13.7 | 13.2 | 13.0 | 79.9% | 43.8% | 9.3% | 6.8% | 3.5 |
 BOKF | $8B | 14.2 | 13.7 | 13.8 | 63.7% | 21.4% | 10.1% | 5.2% | 5.8 |
 ZION | $10B | 11.0 | 8.7 | 9.9 | 67.1% | 23.8% | 13.5% | 8.0% | 3.4 |
 WTFC | $10B | 13.3 | 11.9 | 12.1 | 62.2% | 26.4% | 12.1% | 7.5% | 3.7 |
 IBCP | $706M | 10.5 | 9.5 | 10.1 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 FFIN | $5B | 18.5 | 11.4 | 15.3 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 GBCI | $6B | 24.3 | 24.3 | 18.1 | 69.0% | 22.9% | 6.4% | 3.5% | 7.9 |
| 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 →
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Includes 30+ ratios · 30 years · Updated daily
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COLB — Frequently Asked Questions
Quick answers to the most common questions about buying COLB stock.
What is Columbia Banking System, Inc.'s P/E ratio?
Columbia Banking System, Inc.'s current P/E ratio is 13.3x. The historical average is 26.7x. This places it at the 11th percentile of its historical range.
What is Columbia Banking System, Inc.'s EV/EBITDA?
Columbia Banking System, Inc.'s current EV/EBITDA is 12.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
What is Columbia Banking System, Inc.'s ROE?
Columbia Banking System, Inc.'s return on equity (ROE) is 8.5%. The historical average is 6.4%.
Is COLB stock overvalued?
Based on historical data, Columbia Banking System, Inc. is trading at a P/E of 13.3x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Columbia Banking System, Inc.'s dividend yield?
Columbia Banking System, Inc.'s current dividend yield is 3.70% with a payout ratio of 60.9%.
What are Columbia Banking System, Inc.'s profit margins?
Columbia Banking System, Inc. has 67.7% gross margin and 23.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Columbia Banking System, Inc. have?
Columbia Banking System, Inc.'s Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.