Latest Ratios: P/E Ratio 55.2x · EV/EBITDA 30.6x · ROE 2.2%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.1B | $4.0B | $3.1B | $2.3B | $2.9B | $3.5B | $2.8B | — | — |
| Enterprise Value | $5.0B | $3.9B | $2.2B | $1.7B | $3.4B | $2.3B | $776M | — | — |
| P/E Ratio → | 55.23 | 46.07 | 26.14 | 9.93 | 14.26 | 22.41 | 125.46 | — | — |
| P/S Ratio | 4.83 | 3.77 | 2.94 | 4.13 | 4.19 | 6.64 | 4.81 | — | — |
| P/B Ratio | 1.10 | 0.92 | 0.87 | 0.78 | 1.16 | 1.02 | 0.82 | — | — |
| P/FCF | 12.36 | 9.66 | 11.63 | 9.10 | 12.91 | 20.59 | 43.31 | — | — |
| P/OCF | 11.81 | 9.22 | 11.07 | 8.81 | 12.43 | 19.91 | 40.12 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.66 | 2.04 | 2.96 | 5.01 | 4.35 | 1.33 | — | — |
| EV / EBITDA | 30.60 | 23.74 | 11.23 | — | 13.05 | 11.45 | 12.17 | — | — |
| EV / EBIT | 50.13 | 38.90 | 14.00 | — | 14.33 | 12.94 | 21.62 | — | — |
| EV / FCF | — | 9.37 | 8.07 | 6.52 | 15.43 | 13.49 | 12.00 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.8% | 65.8% | 62.0% | 52.4% | 91.9% | 100.8% | 91.3% | 93.6% | 93.2% |
| Operating Margin | 9.4% | 9.4% | 14.5% | -22.6% | 34.9% | 33.6% | 6.2% | 28.0% | 26.6% |
| Net Profit Margin | 8.3% | 8.3% | 11.2% | 41.6% | 29.3% | 29.5% | 3.9% | 21.7% | 20.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.2% | 2.2% | 3.6% | 8.5% | 6.8% | 4.5% | 0.9% | 8.9% | 8.6% |
| ROA | 0.3% | 0.3% | 0.5% | 1.1% | 0.9% | 0.8% | 0.2% | 1.2% | 1.1% |
| ROIC | 1.8% | 1.8% | 3.5% | -3.0% | 5.4% | 3.8% | 1.0% | 7.3% | 6.7% |
| ROCE | 2.1% | 2.1% | 4.0% | -3.9% | 6.9% | 4.6% | 1.3% | 9.9% | 9.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.01 | 0.01 | 0.29 | 0.01 | 0.01 | 0.15 | 0.22 |
| Debt / EBITDA | 1.22 | 1.22 | 0.23 | — | 2.78 | 0.17 | 0.44 | 1.21 | 1.81 |
| Net Debt / Equity | — | -0.03 | -0.27 | -0.22 | 0.23 | -0.35 | -0.59 | -0.08 | 0.04 |
| Net Debt / EBITDA | -0.72 | -0.72 | -4.95 | — | 2.13 | -6.02 | -31.75 | -0.66 | 0.34 |
| Debt / FCF | — | -0.28 | -3.56 | -2.58 | 2.52 | -7.10 | -31.31 | -0.67 | 0.31 |
| Interest Coverage | 0.30 | 0.30 | 0.46 | -0.51 | 6.42 | 33.01 | 2.97 | 5.17 | 6.27 |
Net cash position: cash ($317M) exceeds total debt ($200M)
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.03 | 0.03 | 0.25 | 0.30 | 0.36 | 0.51 | 0.44 | 0.20 | 0.18 |
| Quick Ratio | 0.03 | 0.03 | 0.25 | 0.30 | 0.36 | 0.51 | 0.44 | 0.20 | 0.18 |
| Cash Ratio | 0.01 | 0.01 | 0.05 | 0.04 | 0.01 | 0.06 | 0.17 | 0.04 | 0.03 |
| Asset Turnover | — | 0.03 | 0.04 | 0.03 | 0.03 | 0.02 | 0.04 | 0.05 | 0.05 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | 2.7% | 2.6% | 2.9% | 2.3% | 1.5% | — | — | — |
| Payout Ratio | 119.8% | 119.8% | 69.0% | 28.7% | 33.0% | 33.3% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 2.2% | 3.8% | 10.1% | 7.0% | 4.5% | 0.8% | — | — |
| FCF Yield | 8.1% | 10.4% | 8.6% | 11.0% | 7.7% | 4.9% | 2.3% | — | — |
| Buyback Yield | 2.1% | 2.7% | 0.9% | 0.0% | 7.1% | 0.7% | 1.0% | — | — |
| Total Shareholder Yield | 4.3% | 5.3% | 3.5% | 2.9% | 9.4% | 2.2% | 1.0% | — | — |
| Shares Outstanding | — | $216M | $182M | $162M | $166M | $172M | $172M | $210M | $210M |
CRE Concentration and Integration
According to current market data, EBC trades at a P/B of 1.10, which appears to command a premium relative to peers like OceanFirst Financial, despite the bank's recent ROE volatility and the structural loss of its high-margin insurance business following the recent divestiture.
The current P/B multiple suggests that investors are pricing in a recovery in profitability that has yet to materialize in the core banking franchise. Given the forward P/E of 11.79, the market appears to be looking past recent integration noise, though this valuation may be vulnerable if the bank fails to improve its return on tangible equity toward historical levels.
Based on reported financial statements, EBC's ROE has struggled to maintain positive momentum, hovering at 1.5% in 2026Q1, as the bank's reliance on a low 0.8% NIM and elevated efficiency ratios continues to weigh heavily on overall profitability quality.
The DuPont decomposition indicates that the bank's profitability is currently constrained by both thin interest spreads and a high cost base. Without the stabilizing fee income previously provided by the insurance segment, the bank's ROE is now more sensitive to interest rate cycles and the success of its recent merger-related cost-synergy initiatives.
As reported in recent filings, EBC's efficiency ratio of 50.9% in 2026Q1 highlights the ongoing challenge of managing a high fixed-cost branch network while simultaneously attempting to integrate the Cambridge Trust acquisition in a competitive Massachusetts market.
The persistent 0.8% NIM suggests that the bank is unable to capture significant spread expansion, likely due to competitive deposit pricing pressures. Investors should monitor whether the efficiency ratio can trend downward as integration expenses subside, or if structural wage inflation in the region will keep operating margins permanently compressed.
Based on reported figures, EBC maintains a stable equity-to-assets ratio of 0.14 as of 2026Q1, which provides a robust capital cushion that appears sufficient to absorb potential credit losses within its concentrated commercial real estate portfolio while supporting ongoing capital return programs.
The bank's capital position remains a primary strength, offering a buffer against the volatility inherent in its current transition phase. This capital strength may allow management to navigate potential credit deterioration in the office CRE sector without needing to curtail dividends or significantly alter its long-term growth strategy.
The P/E ratio is frequently misapplied to EBC, as it fails to account for the significant non-recurring gains and losses associated with the recent insurance divestiture and merger-related accounting adjustments that distort the bank's true core earnings power.
Investors should prioritize P/TBV and normalized ROE over P/E, as the latter is heavily skewed by one-time items that do not reflect the bank's ongoing operational performance. Relying on P/E in this context may lead to an inaccurate assessment of the bank's valuation relative to its regional peers.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying EBC stock.
Eastern Bankshares, Inc.'s current P/E ratio is 55.2x. The historical average is 40.7x. This places it at the 83th percentile of its historical range.
Eastern Bankshares, Inc.'s current EV/EBITDA is 30.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
Eastern Bankshares, Inc.'s return on equity (ROE) is 2.2%. The historical average is 5.5%.
Based on historical data, Eastern Bankshares, Inc. is trading at a P/E of 55.2x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Eastern Bankshares, Inc.'s current dividend yield is 2.21% with a payout ratio of 119.8%.
Eastern Bankshares, Inc. has 65.8% gross margin and 9.4% operating margin.
Eastern Bankshares, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.