Community Trust Bancorp, Inc. (CTBI) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Banks - Regional
EV/EBITDA
↓
10.30
↑+22% vs avg
5yr avg: 8.42
30Y Low5.6·High20.6
P/FCF
↓
12.36
↑+34% vs avg
5yr avg: 9.23
30Y Low1.6·High15.0
P/B Ratio
↑
1.57
↑+36% vs avg
5yr avg: 1.16
30Y Low1.0·High2.3
ROE
↑
11.3%
-2% vs avg
5yr avg: 11.6%
30Y Low8%·High15%
Debt/EBITDA
↓
2.87
↓-17% vs avg
5yr avg: 3.44
30Y Low2.7·High10.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CTBI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Community Trust Bancorp, Inc. trades at 14.4x earnings, 40% above its 5-year average of 10.3x, sitting at the 63rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 8%. On a free-cash-flow basis, the stock trades at 12.4x P/FCF, 34% above the 5-year average of 9.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $953M | $785M | $820M | $776M | $658M | $827M | $701M | $831M | $871M | $611M |
| Enterprise Value | $1.2B | $904M | $820M | $983M | $807M | $748M | $871M | $851M | $958M | $1.0B | $838M |
| P/E Ratio → | 14.38 | 11.50 | 10.06 | 10.03 | 8.83 | 11.06 | 12.81 | 11.82 | 16.13 | 18.37 | 13.14 |
| P/S Ratio | 3.19 | 2.54 | 2.41 | 3.21 | 3.25 | 2.85 | 3.51 | 3.14 | 4.07 | 4.47 | 3.20 |
| P/B Ratio | 1.57 | 1.26 | 1.12 | 1.31 | 1.11 | 1.00 | 1.35 | 1.24 | 1.57 | 1.74 | 1.29 |
| P/FCF | 12.36 | 9.82 | 9.89 | 8.77 | 6.85 | 10.80 | 10.23 | 11.19 | 13.87 | 15.04 | 11.59 |
| P/OCF | 11.41 | 9.06 | 9.16 | 8.22 | 6.71 | 10.55 | 9.91 | 10.71 | 13.34 | 14.18 | 11.12 |
P/E links to full P/E history page with 30-year chart
CTBI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Community Trust Bancorp, Inc.'s enterprise value stands at 10.3x EBITDA, 22% above its 5-year average of 8.4x. The Financial Services sector median is 11.4x, placing the stock at a 10% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.40 | 2.51 | 3.84 | 3.38 | 3.24 | 3.70 | 3.81 | 4.69 | 5.35 | 4.39 |
| EV / EBITDA | 10.30 | 8.09 | 7.89 | 9.25 | 6.98 | 9.89 | 11.23 | 11.44 | 13.21 | 14.84 | 12.16 |
| EV / EBIT | 10.79 | 8.47 | 8.32 | 9.73 | 7.30 | 10.64 | 12.09 | 12.06 | 13.98 | 15.71 | 12.90 |
| EV / FCF | — | 9.31 | 10.33 | 10.51 | 7.12 | 12.28 | 10.76 | 13.58 | 15.97 | 18.03 | 15.89 |
CTBI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Community Trust Bancorp, Inc. earns an operating margin of 28.4%, above the Financial Services sector average of 21.2%. Operating margins have compressed from 39.5% to 28.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.3% is modest. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.2% | 63.2% | 68.6% | 86.9% | 96.4% | 82.0% | 80.8% | 84.1% | 87.4% | 89.0% | 89.3% |
| Operating Margin | 28.4% | 28.4% | 30.2% | 39.5% | 46.4% | 30.4% | 30.6% | 31.6% | 33.6% | 34.1% | 34.0% |
| Net Profit Margin | 22.0% | 22.0% | 23.9% | 32.0% | 36.9% | 25.8% | 27.4% | 26.5% | 25.2% | 24.3% | 24.3% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 11.7% | 12.3% | 13.0% | 9.4% | 10.9% | 10.8% | 10.0% | 9.7% | 10.1% |
| ROA | 1.4% | 1.4% | 1.4% | 1.5% | 1.7% | 1.3% | 1.5% | 1.4% | 1.3% | 1.2% | 1.2% |
| ROIC | 7.7% | 7.7% | 7.7% | 7.7% | 7.8% | 5.3% | 6.1% | 6.2% | 6.2% | 5.8% | 5.7% |
| ROCE | 12.7% | 12.7% | 12.7% | 13.1% | 14.1% | 9.4% | 10.4% | 11.0% | 11.3% | 10.5% | 10.2% |
CTBI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Community Trust Bancorp, Inc. carries a Debt/EBITDA ratio of 2.9x, which is moderately leveraged (31% below the sector average of 4.1x). The company holds a net cash position — cash of $370M exceeds total debt of $320M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.42 | 0.44 | 0.46 | 0.49 | 0.65 | 0.50 | 0.52 | 0.59 | 0.64 | 0.88 |
| Debt / EBITDA | 2.87 | 2.87 | 2.95 | 2.75 | 2.96 | 5.67 | 3.98 | 3.95 | 4.29 | 4.52 | 6.06 |
| Net Debt / Equity | — | -0.07 | 0.05 | 0.26 | 0.04 | 0.14 | 0.07 | 0.26 | 0.24 | 0.35 | 0.48 |
| Net Debt / EBITDA | -0.44 | -0.44 | 0.34 | 1.53 | 0.27 | 1.19 | 0.56 | 2.01 | 1.74 | 2.46 | 3.29 |
| Debt / FCF | — | -0.51 | 0.44 | 1.74 | 0.27 | 1.48 | 0.54 | 2.38 | 2.11 | 2.99 | 4.30 |
| Interest Coverage | 0.84 | 0.84 | 1.03 | 3.53 | 7.33 | 2.76 | 1.78 | 2.41 | 3.74 | 4.90 | 5.52 |
Net cash position: cash ($370M) exceeds total debt ($320M)
CTBI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.27x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.27 | 0.27 | 0.29 | 0.30 | 0.39 | 0.31 | 0.24 | 0.21 | 0.22 | 0.22 | 0.24 |
| Quick Ratio | 0.27 | 0.27 | 0.29 | 0.30 | 0.39 | 0.31 | 0.24 | 0.21 | 0.22 | 0.22 | 0.24 |
| Cash Ratio | 0.07 | 0.07 | 0.05 | 0.03 | 0.07 | 0.08 | 0.07 | 0.04 | 0.05 | 0.04 | 0.06 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CTBI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Community Trust Bancorp, Inc. returns 2.8% to shareholders annually primarily through dividends. A payout ratio of 40.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.0% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | 3.5% | 4.1% | 3.7% | 3.6% | 4.1% | 3.2% | 3.5% | 2.8% | 2.5% | 3.5% |
| Payout Ratio | 40.3% | 40.3% | 41.3% | 36.6% | 31.7% | 45.6% | 40.6% | 41.2% | 44.6% | 46.9% | 45.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.0% | 8.7% | 9.9% | 10.0% | 11.3% | 9.0% | 7.8% | 8.5% | 6.2% | 5.4% | 7.6% |
| FCF Yield | 8.1% | 10.2% | 10.1% | 11.4% | 14.6% | 9.3% | 9.8% | 8.9% | 7.2% | 6.6% | 8.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 3.5% | 4.1% | 3.7% | 3.6% | 4.3% | 3.2% | 3.5% | 2.8% | 2.6% | 3.5% |
| Shares Outstanding | — | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $17M |
Peer Comparison
Compare CTBI 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 |
|---|---|---|---|---|---|---|---|---|---|
 CTBIYou | $1B | 14.4 | 10.3 | 12.4 | 63.2% | 28.4% | 11.3% | 7.7% | 2.9 |
 NBTB | $2B | 13.6 | 10.4 | 10.8 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 FFIN | $5B | 20.9 | 14.3 | 15.8 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 UBSI | $6B | 13.4 | 7.6 | 12.7 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 WSBC | $3B | 15.2 | 15.3 | 11.8 | 62.9% | 19.7% | 6.5% | 4.3% | 5.3 |
 HONE | $522M | 18.3 | 20.8 | 200.7 | 50.9% | 10.9% | 4.7% | 2.3% | 13.3 |
 CHMG | $322M | 21.4 | 15.3 | 159.2 | 64.2% | 14.2% | 6.4% | 5.0% | 0.2 |
 HBAN | $26B | 12.0 | 16.0 | 11.6 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 RF | $24B | 12.3 | 6.6 | 11.2 | 74.6% | 28.5% | 11.7% | 8.5% | 1.7 |
 FULT | $4B | 10.5 | 9.9 | 14.7 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 IBCP | $696M | 10.3 | 9.4 | 9.9 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCTBI — Frequently Asked Questions
Quick answers to the most common questions about buying CTBI stock.
What is Community Trust Bancorp, Inc.'s P/E ratio?
Community Trust Bancorp, Inc.'s current P/E ratio is 14.4x. The historical average is 13.5x. This places it at the 63th percentile of its historical range.
What is Community Trust Bancorp, Inc.'s EV/EBITDA?
Community Trust Bancorp, Inc.'s current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
What is Community Trust Bancorp, Inc.'s ROE?
Community Trust Bancorp, Inc.'s return on equity (ROE) is 11.3%. The historical average is 11.4%.
Is CTBI stock overvalued?
Based on historical data, Community Trust Bancorp, Inc. is trading at a P/E of 14.4x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Community Trust Bancorp, Inc.'s dividend yield?
Community Trust Bancorp, Inc.'s current dividend yield is 2.80% with a payout ratio of 40.3%.
What are Community Trust Bancorp, Inc.'s profit margins?
Community Trust Bancorp, Inc. has 63.2% gross margin and 28.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Community Trust Bancorp, Inc. have?
Community Trust Bancorp, Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.