Latest Ratios: P/E Ratio 12.4x · EV/EBITDA 12.1x · ROE 11.3%. (2009–2025 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 | $2.6B | $2.6B | $1.6B | $1.9B | $951M | $2.2B | $577M | $753M | $587M | $847M | $1.1B |
| Enterprise Value | $4.2B | $4.2B | $-783241080 | $-484067420 | $1.6B | $2.9B | $1.3B | $2.2B | $2.2B | $2.8B | $2.6B |
| P/E Ratio → | 12.39 | 11.79 | 9.56 | 7.87 | 4.35 | 6.49 | 4.47 | 11.61 | 10.22 | 13.19 | 15.51 |
| P/S Ratio | 3.23 | 3.21 | 2.32 | 2.50 | 1.50 | 2.94 | 1.25 | 2.43 | 1.86 | 2.46 | 3.54 |
| P/B Ratio | 1.29 | 1.22 | 0.87 | 1.13 | 0.68 | 1.61 | 0.52 | 0.72 | 0.61 | 0.92 | 1.26 |
| P/FCF | 7.79 | 7.76 | 19.94 | 22.22 | — | 9.25 | 4.68 | 26.71 | 10.29 | 22.39 | 12.50 |
| P/OCF | 5.25 | 5.23 | 10.98 | 14.86 | — | 8.12 | 3.79 | 9.63 | 6.02 | 13.62 | 11.76 |
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 | — | 5.25 | -1.14 | -0.65 | 2.53 | 3.83 | 2.80 | 7.21 | 6.97 | 8.03 | 8.71 |
| EV / EBITDA | 12.06 | 12.04 | -3.04 | -1.34 | 5.03 | 6.19 | 6.19 | 18.40 | 20.84 | 20.52 | 20.28 |
| EV / EBIT | 13.65 | 13.62 | -3.49 | -1.46 | 5.49 | 6.49 | 6.79 | 20.73 | 24.08 | 22.30 | 21.24 |
| EV / FCF | — | 12.68 | -9.81 | -5.81 | — | 12.03 | 10.46 | 79.19 | 38.47 | 73.03 | 30.79 |
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 | 90.6% | 90.6% | 89.3% | 89.9% | 90.5% | 96.3% | 86.4% | 92.2% | 98.2% | 98.0% | 99.0% |
| Operating Margin | 38.6% | 38.6% | 32.6% | 44.6% | 46.0% | 58.9% | 41.2% | 34.8% | 28.9% | 36.0% | 41.0% |
| Net Profit Margin | 27.8% | 27.8% | 26.4% | 33.8% | 36.0% | 42.0% | 28.8% | 25.6% | 22.8% | 22.9% | 25.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 10.4% | 16.4% | 16.5% | 25.3% | 12.2% | 7.9% | 7.6% | 8.9% | 11.2% |
| ROA | 0.9% | 0.9% | 0.8% | 1.2% | 1.1% | 1.7% | 0.9% | 0.7% | 0.7% | 0.8% | 0.9% |
| ROIC | 6.6% | 6.6% | 5.3% | 8.8% | 8.6% | 13.1% | 5.4% | 3.0% | 2.4% | 3.3% | 3.6% |
| ROCE | 5.0% | 5.0% | 6.6% | 11.8% | 14.6% | 11.5% | 5.2% | 5.7% | 3.5% | 6.1% | 10.0% |
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 | 0.81 | 0.81 | 0.77 | 0.92 | 0.79 | 0.86 | 1.26 | 1.61 | 1.74 | 2.24 | 2.15 |
| Debt / EBITDA | 4.85 | 4.85 | 5.47 | 4.16 | 3.47 | 2.55 | 6.75 | 13.95 | 15.85 | 15.31 | 14.07 |
| Net Debt / Equity | — | 0.78 | -1.29 | -1.43 | 0.46 | 0.48 | 0.64 | 1.41 | 1.68 | 2.08 | 1.84 |
| Net Debt / EBITDA | 4.67 | 4.67 | -9.21 | -6.45 | 2.04 | 1.43 | 3.42 | 12.19 | 15.26 | 14.23 | 12.05 |
| Debt / FCF | — | 4.92 | -29.75 | -28.03 | — | 2.78 | 5.78 | 52.47 | 28.18 | 50.64 | 18.28 |
| Interest Coverage | 0.51 | 0.51 | 0.33 | 0.49 | 1.11 | 4.61 | 1.36 | 0.58 | 0.57 | 1.17 | 1.71 |
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 | 0.01 | 0.01 | 0.32 | 0.37 | 0.19 | 0.25 | 0.16 | 0.08 | 0.10 | 0.09 | 0.10 |
| Quick Ratio | 0.01 | 0.01 | 0.32 | 0.37 | 0.19 | 0.25 | 0.16 | 0.08 | 0.10 | 0.09 | 0.10 |
| Cash Ratio | 0.00 | 0.00 | 0.20 | 0.21 | 0.02 | 0.03 | 0.06 | 0.02 | 0.01 | 0.02 | 0.03 |
| Asset Turnover | — | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
| 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 | 0.4% | 0.4% | 1.0% | 0.8% | 1.0% | 0.5% | 2.4% | 1.9% | 2.5% | 1.7% | 0.8% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | 8.5% | 10.5% | 12.7% | 23.0% | 15.4% | 22.4% | 8.6% | 9.8% | 7.6% | 6.4% |
| FCF Yield | 12.8% | 12.9% | 5.0% | 4.5% | — | 10.8% | 21.4% | 3.7% | 9.7% | 4.5% | 8.0% |
| Buyback Yield | 5.7% | 5.7% | 1.2% | 2.1% | 3.5% | 5.0% | 0.0% | 0.1% | 2.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.1% | 6.1% | 2.2% | 2.9% | 4.5% | 5.5% | 2.4% | 2.0% | 4.7% | 1.7% | 0.8% |
| Shares Outstanding | — | $35M | $33M | $32M | $34M | $34M | $32M | $32M | $32M | $33M | $30M |
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying CUBI stock.
Customers Bancorp, Inc.'s current P/E ratio is 12.4x. The historical average is 10.4x. This places it at the 64th percentile of its historical range.
Customers Bancorp, Inc.'s current EV/EBITDA is 12.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.4x.
Customers Bancorp, Inc.'s return on equity (ROE) is 11.3%. The historical average is 8.9%.
Based on historical data, Customers Bancorp, Inc. is trading at a P/E of 12.4x. This is at the 64th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Customers Bancorp, Inc.'s current dividend yield is 0.40%.
Customers Bancorp, Inc. has 90.6% gross margin and 38.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Customers Bancorp, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Regulatory constraints and fee volatility
Metrics are mathematically derived from official filings.
Discount Reflecting Regulatory Overhang
CUBI trades at 1.33x tangible book, a discount to fintech peers like TBBK at 4.5x, implying the market prices in regulatory risk and earnings volatility, as per recent filings.
The P/B of 1.33x is below the peer median of 1.39x, but the forward P/E of 9.42x suggests the market expects earnings recovery. However, the persistent regulatory Written Agreement and volatile fee income likely justify the discount to TBBK's 4.5x P/B. Investors should monitor whether resolution of regulatory issues could re-rate the stock toward peers.
ROE Suppressed by Thin NIM
ROE has hovered near 3.3% in 2026, down from 3.8% a year ago, as NIM remains at 0.7%, indicating that leverage is not compensating for weak asset yields, based on reported figures.
The DuPont decomposition shows ROE is driven by high leverage (equity/assets at 8%) but offset by a NIM of only 0.7%, which is far below the peer average of around 3%. The efficiency ratio spiked to 40% in Q2 2026, further pressuring profitability. Without improvement in NIM or fee income, ROE is unlikely to recover to peer levels.
NIM Stagnant, Costs Rising
Net interest margin remained at 0.7% in 2026Q2, unchanged from Q1, while the efficiency ratio deteriorated to 40.0% from 30.2%, reflecting rising compliance costs, as per financial statements.
The NIM has been stuck at 0.7-0.8% for the past year, indicating that asset yields are not keeping pace with funding costs. The efficiency ratio spike in Q2 2026 suggests increased non-interest expenses, likely tied to regulatory compliance. This combination implies that operating leverage is negative, and cost control will be critical for margin recovery.
Thin Capital Buffer Limits Flexibility
Equity-to-assets ratio remains at 8%, unchanged over the past year, indicating a highly leveraged balance sheet with minimal capital cushion, as reported in balance sheet data.
With equity/assets at 8%, CUBI operates with a thinner capital buffer than many regional peers, which typically run 9-10%. This constrains the bank's ability to absorb credit losses or pursue growth without raising capital. The suspension of dividends and reliance on buybacks suggests management is prioritizing capital preservation, but the regulatory Written Agreement may further limit capital actions.
Provision Volatility Masks Credit Trends
Loan loss provisions swung from $23.4M in 2026Q1 to zero in Q2, while net charge-offs were not reported, suggesting credit quality may be stabilizing but remains unpredictable, based on balance sheet data.
The zero provision in Q2 2026 is notable given the prior quarter's $23.4M charge, which could indicate either improving credit conditions or a one-time adjustment. The lack of charge-off data makes it difficult to assess the adequacy of reserves. Investors should monitor whether the volatility in provisions reflects underlying asset quality deterioration or management discretion.
P/E Misleading Due to Fee Volatility
The trailing P/E of 12.83x understates earnings risk because non-interest income swung from $34.3M in Q1 2026 to zero in Q2, making P/E unreliable, as per income statement data.
For banks, P/E can be distorted by volatile provisions and fee income. CUBI's fee income has been highly erratic, turning negative in early 2025, which makes the P/E ratio less meaningful. A better metric is P/TBV, which at 1.33x reflects the tangible book value and is more stable. Analysts should also adjust for gain-on-sale income to assess core earnings power.