Eastern Bankshares, Inc. (EBC) Financial Ratios
8 years of historical data (2018–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
29.14
↑+89% vs avg
5yr avg: 15.42
30Y Low11.2·High25.9
P/FCF
↓
10.87
↓-15% vs avg
5yr avg: 12.78
30Y Low9.1·High43.3
P/B Ratio
↓
1.00
+5% vs avg
5yr avg: 0.95
30Y Low0.8·High1.2
ROE
↓
2.2%
↑-57% vs avg
5yr avg: 5.1%
30Y Low1%·High9%
Debt/EBITDA
↑
1.37
↑+20% vs avg
5yr avg: 1.14
30Y Low0.2·High2.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EBC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Eastern Bankshares, Inc. trades at 49.9x earnings, 110% above its 5-year average of 23.8x, sitting at the 83rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 274%. On a free-cash-flow basis, the stock trades at 10.9x P/FCF, 15% below the 5-year average of 12.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.5B | $4.0B | $3.1B | $2.3B | $2.9B | $3.5B | $2.8B | — | — |
| Enterprise Value | $4.6B | $4.1B | $2.2B | $1.7B | $3.4B | $2.3B | $776M | — | — |
| P/E Ratio → | 49.90 | 46.07 | 26.14 | 9.93 | 14.26 | 22.41 | 125.46 | — | — |
| P/S Ratio | 4.25 | 3.78 | 2.94 | 4.13 | 4.19 | 6.64 | 4.81 | — | — |
| P/B Ratio | 1.00 | 0.92 | 0.87 | 0.78 | 1.16 | 1.02 | 0.82 | — | — |
| P/FCF | 10.87 | 9.66 | 11.63 | 9.10 | 12.91 | 20.59 | 43.31 | — | — |
| P/OCF | 10.38 | 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
EBC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Eastern Bankshares, Inc.'s enterprise value stands at 29.1x EBITDA, 89% above its 5-year average of 15.4x. The Financial Services sector median is 11.4x, placing the stock at a 155% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.86 | 2.04 | 2.96 | 5.01 | 4.35 | 1.33 | — | — |
| EV / EBITDA | 29.14 | 25.95 | 11.23 | — | 13.05 | 11.45 | 12.17 | — | — |
| EV / EBIT | 43.84 | 39.03 | 14.00 | — | 14.33 | 12.94 | 21.62 | — | — |
| EV / FCF | — | 9.87 | 8.07 | 6.52 | 15.43 | 13.49 | 12.00 | — | — |
EBC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Eastern Bankshares, Inc. earns an operating margin of 9.9%, below the Financial Services sector average of 21.2%. Operating margins have expanded from -22.6% to 9.9% over the past 3 years, signaling improving operational efficiency. ROE of 2.2% is modest, trailing the sector median of 9.4%. ROIC of 1.9% represents below-average 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.2% | 66.2% | 62.0% | 52.4% | 91.9% | 100.8% | 91.3% | 93.6% | 93.2% |
| Operating Margin | 9.9% | 9.9% | 14.5% | -22.6% | 34.9% | 33.6% | 6.2% | 28.0% | 26.6% |
| Net Profit Margin | 8.4% | 8.4% | 11.2% | 41.6% | 29.3% | 29.5% | 3.9% | 21.7% | 20.7% |
Return on Capital
| 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 | 1.9% | 1.9% | 3.5% | -3.0% | 5.4% | 3.8% | 1.0% | 7.3% | 6.7% |
| ROCE | 1.0% | 1.0% | 4.0% | -3.9% | 6.9% | 4.6% | 1.3% | 9.9% | 9.4% |
EBC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Eastern Bankshares, Inc. carries a Debt/EBITDA ratio of 1.4x, which is manageable (67% below the sector average of 4.1x). Net debt stands at $89M ($215M total debt minus $126M cash). Interest coverage of just 0.3x 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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.01 | 0.01 | 0.29 | 0.01 | 0.01 | 0.15 | 0.22 |
| Debt / EBITDA | 1.37 | 1.37 | 0.23 | — | 2.78 | 0.17 | 0.44 | 1.21 | 1.81 |
| Net Debt / Equity | — | 0.02 | -0.27 | -0.22 | 0.23 | -0.35 | -0.59 | -0.08 | 0.04 |
| Net Debt / EBITDA | 0.57 | 0.57 | -4.95 | — | 2.13 | -6.02 | -31.75 | -0.66 | 0.34 |
| Debt / FCF | — | 0.22 | -3.56 | -2.58 | 2.52 | -7.10 | -31.31 | -0.67 | 0.31 |
| Interest Coverage | 0.31 | 0.31 | 0.46 | -0.51 | 6.42 | 33.01 | 2.97 | 5.17 | 6.27 |
EBC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.02x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.30x to 0.02x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.02 | 0.02 | 0.25 | 0.30 | 0.36 | 0.51 | 0.44 | 0.20 | 0.18 |
| Quick Ratio | 0.02 | 0.02 | 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 | — | — | — | — | — | — | — | — | — |
EBC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Eastern Bankshares, Inc. returns 4.8% to shareholders annually — split between a 2.4% dividend yield and 2.4% buyback yield. The payout ratio exceeds 100% at 119.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.0% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 2.7% | 2.6% | 2.9% | 2.3% | 1.5% | — | — | — |
| Payout Ratio | 119.8% | 119.8% | 69.0% | 28.7% | 33.0% | 33.3% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 2.2% | 3.8% | 10.1% | 7.0% | 4.5% | 0.8% | — | — |
| FCF Yield | 9.2% | 10.4% | 8.6% | 11.0% | 7.7% | 4.9% | 2.3% | — | — |
| Buyback Yield | 2.4% | 2.7% | 0.9% | 0.0% | 7.1% | 0.7% | 1.0% | — | — |
| Total Shareholder Yield | 4.8% | 5.3% | 3.5% | 2.9% | 9.4% | 2.2% | 1.0% | — | — |
| Shares Outstanding | — | $216M | $182M | $162M | $166M | $172M | $172M | $210M | $210M |
Peer Comparison
Compare EBC 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 |
|---|---|---|---|---|---|---|---|---|---|
 EBCYou | $4B | 49.9 | 29.1 | 10.9 | 66.2% | 9.9% | 2.2% | 1.9% | 1.4 |
 INDB | $4B | 17.3 | 15.2 | 18.6 | 66.4% | 25.4% | 6.5% | 4.7% | 2.4 |
 NBTB | $2B | 13.5 | 10.4 | 10.7 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 CNOB | $2B | 20.2 | 22.9 | 14.9 | 44.2% | 18.6% | 5.7% | 3.5% | 10.4 |
 EGBN | $799M | -6.2 | — | 38.5 | 3.2% | -26.9% | -10.8% | -8.2% | — |
 OCFC | $1B | 16.1 | 27.7 | 13.6 | 54.5% | 14.1% | 4.2% | 2.2% | 17.5 |
 CFG | $28B | 21.2 | 12.1 | 14.7 | 57.6% | 15.3% | 6.2% | 3.8% | 5.2 |
 WTFC | $10B | 13.1 | 11.7 | 11.1 | 62.2% | 26.4% | 12.1% | 7.5% | 3.7 |
 UMBF | $10B | 14.4 | 12.1 | 10.2 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 IBCP | $699M | 10.4 | 9.4 | 10.0 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 FULT | $4B | 10.3 | 9.7 | 14.5 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
| Financial Services Median | — | 13.3 | 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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Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonEBC — Frequently Asked Questions
Quick answers to the most common questions about buying EBC stock.
What is Eastern Bankshares, Inc.'s P/E ratio?
Eastern Bankshares, Inc.'s current P/E ratio is 49.9x. The historical average is 40.7x. This places it at the 83th percentile of its historical range.
What is Eastern Bankshares, Inc.'s EV/EBITDA?
Eastern Bankshares, Inc.'s current EV/EBITDA is 29.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.8x.
What is Eastern Bankshares, Inc.'s ROE?
Eastern Bankshares, Inc.'s return on equity (ROE) is 2.2%. The historical average is 5.5%.
Is EBC stock overvalued?
Based on historical data, Eastern Bankshares, Inc. is trading at a P/E of 49.9x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Eastern Bankshares, Inc.'s dividend yield?
Eastern Bankshares, Inc.'s current dividend yield is 2.45% with a payout ratio of 119.8%.
What are Eastern Bankshares, Inc.'s profit margins?
Eastern Bankshares, Inc. has 66.2% gross margin and 9.9% operating margin.
How much debt does Eastern Bankshares, Inc. have?
Eastern Bankshares, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.