Latest Ratios: P/E Ratio 20.1x · EV/EBITDA 11.1x · ROE 19.3%. (2014–2025 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 | $1.0B | $889M | $675M | $417M | $351M | $250M | $147M | $203M | $168M | $123M | — |
| Enterprise Value | $790M | $656M | $548M | $252M | $187M | $101M | $82M | $141M | $137M | $80M | — |
| P/E Ratio → | 20.15 | 17.36 | 15.47 | 10.18 | 12.47 | 13.94 | 11.63 | 14.32 | 19.20 | 34.03 | — |
| P/S Ratio | 6.22 | 5.40 | 4.88 | 3.43 | 4.08 | 3.82 | 2.75 | 4.19 | 4.56 | 4.76 | — |
| P/B Ratio | 3.56 | 3.07 | 2.85 | 2.10 | 2.22 | 1.74 | 1.16 | 1.83 | 1.81 | 1.48 | — |
| P/FCF | 18.06 | 15.68 | 17.27 | 10.58 | 9.34 | 9.23 | 11.78 | 14.24 | 18.94 | 32.53 | — |
| P/OCF | 17.10 | 14.86 | 15.98 | 9.83 | 9.04 | 8.32 | 9.41 | 12.44 | 16.60 | 30.97 | — |
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 | — | 3.99 | 3.97 | 2.07 | 2.17 | 1.54 | 1.53 | 2.91 | 3.73 | 3.10 | — |
| EV / EBITDA | 11.09 | 9.20 | 8.76 | 4.31 | 4.51 | 4.06 | 4.34 | 6.91 | 10.80 | 10.80 | — |
| EV / EBIT | 11.53 | 9.57 | 9.25 | 4.51 | 4.81 | 4.46 | 4.75 | 7.38 | 11.52 | 11.44 | — |
| EV / FCF | — | 11.57 | 14.04 | 6.39 | 4.97 | 3.73 | 6.55 | 9.91 | 15.50 | 21.23 | — |
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 | 85.0% | 85.0% | 86.9% | 89.6% | 94.0% | 88.1% | 86.0% | 90.9% | 93.0% | 94.4% | 94.5% |
| Operating Margin | 41.7% | 41.7% | 42.9% | 45.9% | 45.2% | 34.6% | 32.2% | 39.5% | 32.4% | 27.1% | 22.6% |
| Net Profit Margin | 30.9% | 30.9% | 31.6% | 33.7% | 33.2% | 27.3% | 23.7% | 29.2% | 23.7% | 14.1% | 13.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 19.3% | 20.0% | 23.0% | 18.9% | 13.3% | 10.6% | 13.9% | 9.9% | 5.4% | 5.6% |
| ROA | 2.4% | 2.4% | 2.5% | 2.7% | 2.2% | 1.7% | 1.5% | 1.9% | 1.5% | 0.8% | 0.7% |
| ROIC | 19.4% | 19.4% | 20.4% | 23.5% | 19.3% | 12.6% | 10.9% | 14.1% | 10.1% | 7.7% | 6.7% |
| ROCE | 5.2% | 5.2% | 25.8% | 30.4% | 25.7% | 16.8% | 14.5% | 18.8% | 13.5% | 10.3% | 9.0% |
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 | 0.01 | 0.01 | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Debt / EBITDA | 0.04 | 0.04 | — | — | — | — | 0.00 | 0.00 | 0.01 | 0.04 | 0.08 |
| Net Debt / Equity | — | -0.81 | -0.53 | -0.83 | -1.04 | -1.04 | -0.52 | -0.56 | -0.33 | -0.51 | -0.82 |
| Net Debt / EBITDA | -3.27 | -3.27 | -2.02 | -2.83 | -3.97 | -5.98 | -3.47 | -3.02 | -2.40 | -5.75 | -8.97 |
| Debt / FCF | — | -4.12 | -3.23 | -4.19 | -4.37 | -5.50 | -5.23 | -4.33 | -3.44 | -11.30 | -11.67 |
| Interest Coverage | 3.82 | 3.82 | 4.41 | 6.89 | 23.56 | 27.43 | 14.43 | 7.51 | 9.84 | 13.07 | 8.98 |
Net cash position: cash ($236M) exceeds total debt ($3M)
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 | 488.25 | 488.25 | 0.23 | 0.21 | 0.23 | 0.29 | 0.23 | 0.31 | 0.32 | 0.39 | 0.37 |
| Quick Ratio | 488.25 | 488.25 | 0.23 | 0.21 | 0.23 | 0.29 | 0.23 | 0.31 | 0.32 | 0.39 | 0.37 |
| Cash Ratio | 238.75 | 238.75 | 0.08 | 0.12 | 0.13 | 0.14 | 0.08 | 0.09 | 0.05 | 0.10 | 0.12 |
| Asset Turnover | — | 0.07 | 0.07 | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.7% | 0.7% | 0.9% | 0.6% | — | — | — | — | — | — |
| Payout Ratio | 11.5% | 11.5% | 11.1% | 9.1% | 7.5% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 5.8% | 6.5% | 9.8% | 8.0% | 7.2% | 8.6% | 7.0% | 5.2% | 2.9% | — |
| FCF Yield | 5.5% | 6.4% | 5.8% | 9.4% | 10.7% | 10.8% | 8.5% | 7.0% | 5.3% | 3.1% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.6% | 0.7% | 0.7% | 1.0% | 0.6% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $9M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $6M | $5M |
Legal vertical concentration risk
Based on recent market data, ESQ trades at a P/B multiple of 3.56, which significantly exceeds the valuation of regional peers like NBT Bancorp, suggesting that investors are pricing the bank as a specialty finance platform rather than a traditional, commodity-focused regional depository institution.
The elevated P/B ratio indicates that the market assigns a premium to the bank's specialized legal-industry underwriting expertise and its ability to capture low-cost escrow deposits. This valuation implies high expectations for future ROTCE, though investors should monitor whether this premium is sustainable if growth in the legal vertical begins to normalize.
According to quarterly financial data, ESQ maintains a modest ROE in the 4% to 5% range, which appears structurally low relative to peers, primarily because the bank operates with an exceptionally conservative equity-to-assets ratio that limits the benefit of financial leverage on bottom-line returns.
The DuPont decomposition suggests that while the bank benefits from a stable NIM, the lack of balance sheet leverage acts as a drag on ROE. This conservative capital structure may provide a safety buffer, but it also suggests that management is prioritizing capital preservation over maximizing near-term shareholder returns.
As reported in financial statements, ESQ has maintained a remarkably consistent NIM of 1.4% over the last ten quarters, demonstrating that its unique deposit base effectively mitigates the funding cost volatility that typically impacts regional banks during shifting interest rate cycles.
The efficiency ratio, which has fluctuated between 42% and 51%, suggests that the bank is successfully scaling its niche model without incurring excessive overhead. This operational discipline is critical for maintaining margins in a business model that relies heavily on specialized legal-industry expertise rather than broad-based branch banking.
Based on the provided balance sheet figures, the bank maintains an equity-to-assets ratio of approximately 0.12 to 0.13, which, when combined with a negligible debt-to-equity ratio of 0.01%, indicates a fortress-like capital position that is significantly more conservative than the broader regional banking peer group.
This capital adequacy profile suggests that the bank is well-positioned to absorb potential credit shocks within its specialized loan book. However, the lack of leverage may also imply that the bank has significant untapped capacity to support further asset growth or return capital to shareholders.
Investors frequently misapply the P/E ratio to ESQ, failing to account for the fact that the bank's earnings are heavily influenced by the timing of legal settlements and provision volatility, which can obscure the underlying cash-generating capacity of its core legal-industry lending platform.
Because the P/E ratio is sensitive to non-recurring provision expenses and settlement-driven income, it often provides a distorted view of the bank's true profitability. Analysts should instead focus on P/TBV and the stability of the net interest margin to better assess the bank's long-term franchise value.
Includes 30+ ratios · 12 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ESQ stock.
Esquire Financial Holdings, Inc.'s current P/E ratio is 20.1x. The historical average is 16.5x. This places it at the 89th percentile of its historical range.
Esquire Financial Holdings, Inc.'s current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.1x.
Esquire Financial Holdings, Inc.'s return on equity (ROE) is 19.3%. The historical average is 11.9%.
Based on historical data, Esquire Financial Holdings, Inc. is trading at a P/E of 20.1x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Esquire Financial Holdings, Inc.'s current dividend yield is 0.57% with a payout ratio of 11.5%.
Esquire Financial Holdings, Inc. has 85.0% gross margin and 41.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Esquire Financial Holdings, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.