Citizens & Northern Corporation (CZNC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
18.72
↑+42% vs avg
5yr avg: 13.16
30Y Low7.9·High27.7
P/FCF
↓
12.94
+19% vs avg
5yr avg: 10.90
30Y Low5.2·High29.2
P/B Ratio
↓
1.01
↓-16% vs avg
5yr avg: 1.21
30Y Low0.6·High2.1
ROE
↓
7.6%
-18% vs avg
5yr avg: 9.3%
30Y Low-29%·High15%
Debt/EBITDA
↑
6.74
↑+27% vs avg
5yr avg: 5.30
30Y Low1.7·High18.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CZNC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Citizens & Northern Corporation trades at 14.9x earnings, 13% above its 5-year average of 13.2x, sitting at the 59th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 10%. On a free-cash-flow basis, the stock trades at 12.9x P/FCF, 19% above the 5-year average of 10.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $389M | $322M | $284M | $342M | $353M | $412M | $293M | $376M | $324M | $291M | $316M |
| Enterprise Value | $536M | $469M | $365M | $497M | $480M | $385M | $282M | $486M | $335M | $322M | $349M |
| P/E Ratio → | 14.88 | 13.82 | 11.01 | 14.29 | 13.37 | 13.60 | 15.38 | 19.35 | 14.68 | 21.82 | 20.15 |
| P/S Ratio | 2.52 | 2.09 | 1.83 | 2.51 | 3.06 | 3.78 | 2.91 | 4.54 | 4.65 | 4.78 | 5.30 |
| P/B Ratio | 1.01 | 0.94 | 1.03 | 1.30 | 1.42 | 1.37 | 0.98 | 1.54 | 1.64 | 1.55 | 1.70 |
| P/FCF | 12.94 | 10.69 | 9.12 | 10.93 | 11.29 | 12.49 | 13.52 | 19.21 | 13.10 | 16.49 | 18.67 |
| P/OCF | 12.17 | 10.05 | 8.59 | 10.19 | 10.21 | 11.82 | 11.81 | 16.76 | 12.51 | 15.04 | 17.07 |
P/E links to full P/E history page with 30-year chart
CZNC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Citizens & Northern Corporation's enterprise value stands at 18.7x EBITDA, 42% above its 5-year average of 13.2x. The Financial Services sector median is 11.4x, placing the stock at a 64% 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 | — | 3.04 | 2.35 | 3.65 | 4.16 | 3.53 | 2.81 | 5.86 | 4.81 | 5.28 | 5.85 |
| EV / EBITDA | 18.72 | 16.36 | 10.73 | 15.22 | 13.82 | 9.66 | 11.19 | 19.32 | 11.97 | 14.49 | 15.36 |
| EV / EBIT | 18.72 | 16.36 | 11.46 | 16.30 | 14.84 | 10.20 | 12.14 | 20.76 | 12.77 | 15.65 | 16.51 |
| EV / FCF | — | 15.57 | 11.74 | 15.88 | 15.33 | 11.66 | 13.02 | 24.81 | 13.56 | 18.23 | 20.59 |
CZNC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Citizens & Northern Corporation earns an operating margin of 18.6%, roughly in line with the Financial Services sector average. Operating margins have compressed from 22.4% to 18.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.6% is modest, trailing the sector median of 9.0%. ROIC of 4.2% 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 | 65.3% | 65.3% | 67.1% | 75.6% | 85.5% | 90.6% | 86.6% | 86.6% | 92.5% | 92.3% | 91.8% |
| Operating Margin | 18.6% | 18.6% | 20.5% | 22.4% | 28.0% | 34.6% | 23.1% | 28.2% | 37.7% | 33.8% | 35.4% |
| Net Profit Margin | 15.2% | 15.2% | 16.7% | 17.7% | 23.1% | 28.0% | 19.1% | 23.5% | 31.6% | 22.0% | 26.4% |
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 | 7.6% | 7.6% | 9.7% | 9.4% | 9.7% | 10.2% | 7.1% | 8.8% | 11.4% | 7.2% | 8.4% |
| ROA | 0.8% | 0.8% | 1.0% | 1.0% | 1.1% | 1.3% | 1.0% | 1.3% | 1.7% | 1.1% | 1.3% |
| ROIC | 4.2% | 4.2% | 5.0% | 5.1% | 6.0% | 7.3% | 4.5% | 5.5% | 7.8% | 6.1% | 6.0% |
| ROCE | 1.6% | 1.6% | 6.5% | 7.8% | 9.4% | 10.1% | 6.9% | 8.7% | 12.2% | 10.4% | 10.6% |
CZNC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Citizens & Northern Corporation carries a Debt/EBITDA ratio of 6.7x, which is highly leveraged (58% above the sector average of 4.3x). Net debt stands at $147M ($193M total debt minus $46M cash). Interest coverage of just 0.6x 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 | 0.56 | 0.56 | 0.75 | 0.81 | 0.73 | 0.26 | 0.30 | 0.59 | 0.25 | 0.38 | 0.35 |
| Debt / EBITDA | 6.74 | 6.74 | 6.10 | 6.49 | 5.23 | 1.95 | 3.62 | 5.76 | 1.74 | 3.19 | 2.85 |
| Net Debt / Equity | — | 0.43 | 0.30 | 0.59 | 0.51 | -0.09 | -0.04 | 0.45 | 0.06 | 0.16 | 0.17 |
| Net Debt / EBITDA | 5.13 | 5.13 | 2.39 | 4.75 | 3.65 | -0.69 | -0.42 | 4.36 | 0.40 | 1.38 | 1.43 |
| Debt / FCF | — | 4.88 | 2.62 | 4.95 | 4.05 | -0.83 | -0.49 | 5.60 | 0.46 | 1.74 | 1.92 |
| Interest Coverage | 0.60 | 0.60 | 0.65 | 0.92 | 3.40 | 5.74 | 2.42 | 2.28 | 5.68 | 5.26 | 5.72 |
CZNC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.11x means Citizens & Northern Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.24x to 1.11x 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 | 1.11 | 1.11 | 0.17 | 0.24 | 0.26 | 0.32 | 0.25 | 0.29 | 0.38 | 0.37 | 0.41 |
| Quick Ratio | 1.11 | 1.11 | 0.17 | 0.24 | 0.26 | 0.32 | 0.25 | 0.29 | 0.38 | 0.37 | 0.41 |
| Cash Ratio | 1.11 | 1.11 | 0.06 | 0.03 | 0.03 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.03 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CZNC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Citizens & Northern Corporation returns 4.8% to shareholders annually — split between a 4.7% dividend yield and 0.1% buyback yield. A payout ratio of 69.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.7% (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 | 4.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 69.5% | 69.5% | 59.8% | 64.5% | 59.6% | 52.3% | 75.3% | 72.0% | 53.4% | 83.0% | 70.5% |
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 | 6.7% | 7.2% | 9.1% | 7.0% | 7.5% | 7.4% | 6.5% | 5.2% | 6.8% | 4.6% | 5.0% |
| FCF Yield | 7.7% | 9.4% | 11.0% | 9.2% | 8.9% | 8.0% | 7.4% | 5.2% | 7.6% | 6.1% | 5.4% |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $16M | $15M | $15M | $15M | $16M | $15M | $13M | $12M | $12M | $12M |
Peer Comparison
Compare CZNC 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 |
|---|---|---|---|---|---|---|---|---|---|
 CZNCYou | $389M | 14.9 | 18.7 | 12.9 | 65.3% | 18.6% | 7.6% | 4.2% | 6.7 |
 CZWI | $205M | 14.6 | 15.6 | 19.8 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 FUNC | $277M | 11.3 | 8.0 | 18.0 | 70.2% | 27.3% | 12.8% | 7.1% | 3.5 |
 FXNC | $265M | 15.0 | 6.7 | 12.6 | 74.0% | 19.6% | 10.0% | 7.7% | 1.9 |
 MNSB | $176M | 13.6 | 11.5 | 16.5 | 54.4% | 14.0% | 7.3% | 5.0% | 3.7 |
 NBTB | $2B | 14.0 | 10.7 | 11.1 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 CNOB | $2B | 21.9 | 24.0 | 16.2 | 44.2% | 18.6% | 5.7% | 3.5% | 10.4 |
 FULT | $4B | 11.0 | 10.3 | 15.5 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 PFIS | $623M | 10.6 | 11.4 | 14.4 | 66.6% | 25.7% | 12.0% | 7.7% | 3.6 |
 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 |
| 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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CZNC — Frequently Asked Questions
Quick answers to the most common questions about buying CZNC stock.
What is Citizens & Northern Corporation's P/E ratio?
Citizens & Northern Corporation's current P/E ratio is 14.9x. The historical average is 14.5x. This places it at the 59th percentile of its historical range.
What is Citizens & Northern Corporation's EV/EBITDA?
Citizens & Northern Corporation's current EV/EBITDA is 18.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
What is Citizens & Northern Corporation's ROE?
Citizens & Northern Corporation's return on equity (ROE) is 7.6%. The historical average is 9.3%.
Is CZNC stock overvalued?
Based on historical data, Citizens & Northern Corporation is trading at a P/E of 14.9x. This is at the 59th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Citizens & Northern Corporation's dividend yield?
Citizens & Northern Corporation's current dividend yield is 4.70% with a payout ratio of 69.5%.
What are Citizens & Northern Corporation's profit margins?
Citizens & Northern Corporation has 65.3% gross margin and 18.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Citizens & Northern Corporation have?
Citizens & Northern Corporation's Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.