Last 48 quarters of trend data · Financial Services · Regional Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.60 | 8.55 | 8.58 | 9.05 | 8.48 | 7.54 | 9.38 | 8.93 | 6.77 | 9.19 | 7.52 | 9.01 | 8.72 | 6.41 | 7.52 | 7.26 | 7.74 | 6.46 | 6.04 | 8.04 | 7.22 |
| — | +13.5% | -8.5% | +1.3% | +25.4% | -18.0% | +24.8% | -0.9% | -22.4% | +43.3% | -0.1% | +24.1% | +12.6% | -0.8% | +24.5% | -9.7% | +7.2% | -3.7% | -15.1% | +45.7% | +11.4% | |
| P/S Ratio | 3.43 | 2.98 | 2.78 | 2.49 | 2.63 | 2.35 | 2.52 | 2.35 | 2.28 | 2.43 | 1.98 | 2.10 | 2.22 | 1.64 | 1.69 | 1.77 | 2.17 | 1.95 | 2.10 | 2.34 | 2.11 |
| — | +27.2% | +10.3% | +6.2% | +15.2% | -3.4% | +27.3% | +11.7% | +2.8% | +47.8% | +16.8% | +18.7% | +2.2% | -15.8% | -19.4% | -24.5% | +3.1% | -8.0% | +3.6% | +26.2% | +57.6% | |
| P/B Ratio | 1.63 | 1.40 | 1.31 | 1.16 | 1.19 | 1.17 | 1.20 | 1.14 | 1.14 | 1.19 | 0.98 | 1.02 | 1.12 | 0.87 | 0.87 | 0.93 | 1.15 | 1.05 | 1.03 | 1.10 | 1.03 |
| — | +20.2% | +9.5% | +1.8% | +4.5% | -1.6% | +21.8% | +11.5% | +1.7% | +36.8% | +12.8% | +9.7% | -2.1% | -17.6% | -15.1% | -15.4% | +11.1% | -1.1% | +0.2% | +13.4% | +37.4% | |
| P/FCF | 9.14 | 27.27 | 2.97 | 37.85 | 6.89 | 5.72 | 6.65 | 8.54 | 4.28 | 6.42 | 5.93 | 9.19 | 6.24 | 4.01 | 4.91 | 6.82 | 12.71 | 5.02 | 4.49 | 33.13 | 5.42 |
| — | +376.7% | -55.3% | +343.1% | +60.9% | -10.8% | +12.2% | -7.1% | -31.4% | +60.1% | +20.7% | +34.8% | -50.9% | -20.2% | +9.3% | -79.4% | +134.4% | -18.6% | -35.9% | +328.5% | +196.2% | |
| EV / EBITDA | 12.18 | 9.35 | 13.37 | 10.04 | 9.65 | 8.81 | 10.02 | 8.84 | 8.36 | 10.76 | 10.40 | 13.67 | 9.90 | 9.31 | 10.67 | 8.16 | 12.25 | 9.63 | 12.13 | 12.53 | 12.21 |
| — | +6.2% | +33.5% | +13.5% | +15.4% | -18.1% | -3.7% | -35.3% | -15.5% | +15.5% | -2.6% | +67.6% | -19.2% | -3.4% | -12.0% | -34.9% | +0.4% | -8.0% | +106.6% | +12.2% | -24.1% | |
| EV / EBIT | 14.04 | 9.35 | 14.15 | 10.69 | 10.22 | 9.32 | 10.73 | 9.42 | 8.92 | 11.55 | 11.22 | 14.69 | 10.53 | 10.06 | 11.62 | 8.79 | 13.21 | 10.36 | 12.92 | 13.75 | 13.12 |
| — | +0.4% | +31.9% | +13.5% | +14.6% | -19.3% | -4.4% | -35.9% | -15.4% | +14.9% | -3.4% | +67.2% | -20.2% | -3.0% | -10.1% | -36.1% | +0.7% | -7.5% | +103.3% | +14.6% | -27.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 94.9% | 95.9% | 95.6% | 93.3% | 95.6% | 96.8% | 93.4% | 93.5% | 93.4% | 94.5% | 95.5% | 93.6% | 93.0% | 95.1% | 93.6% | 95.6% | 98.0% | 100.0% | 112.2% | 103.0% | 102.2% |
| — | -0.9% | +2.3% | -0.2% | +2.3% | +2.4% | -2.2% | -0.1% | +0.5% | -0.6% | +2.0% | -2.1% | -5.1% | -4.9% | -16.5% | -7.2% | -4.2% | -7.5% | +8.5% | -4.1% | +18.5% | |
| Operating Margin | 35.9% | 41.0% | 36.0% | 32.5% | 38.5% | 39.0% | 32.6% | 33.0% | 37.2% | 33.8% | 32.6% | 29.2% | 34.0% | 32.5% | 30.9% | 33.6% | 36.5% | 41.2% | 48.5% | 37.6% | 40.3% |
| — | +4.9% | +10.4% | -1.5% | +3.4% | +15.4% | -0.0% | +12.8% | +9.2% | +4.2% | +5.4% | -12.9% | -6.7% | -21.2% | -36.2% | -10.8% | -9.4% | -3.2% | +26.2% | -17.5% | +59.0% | |
| Net Margin | 29.8% | 34.9% | 33.4% | 27.5% | 31.6% | 32.3% | 27.8% | 27.4% | 35.0% | 27.6% | 27.5% | 24.4% | 26.7% | 26.8% | 23.7% | 25.6% | 29.5% | 31.8% | 36.7% | 30.1% | 30.1% |
| — | +7.9% | +19.8% | +0.7% | -9.9% | +16.9% | +1.1% | +12.1% | +31.3% | +3.0% | +16.0% | -4.6% | -9.6% | -15.5% | -35.3% | -15.0% | -2.1% | -2.5% | +24.7% | -13.2% | +43.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 4.1% | 4.0% | 3.2% | 3.7% | 4.1% | 3.4% | 3.4% | 4.5% | 3.4% | 3.5% | 3.0% | 3.4% | 3.6% | 3.1% | 3.4% | 4.0% | 4.3% | 4.5% | 3.6% | 3.8% |
| — | +1.2% | +19.8% | -3.4% | -18.8% | +20.0% | -3.3% | +11.6% | +31.4% | -5.1% | +12.2% | -11.6% | -13.4% | -16.5% | -31.7% | -6.2% | +5.4% | +4.5% | +19.8% | -21.5% | +25.5% | |
| ROA | 1.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% |
| — | +4.5% | +24.2% | +1.4% | -13.8% | +24.7% | -1.7% | +14.0% | +35.0% | -3.5% | +12.8% | -14.0% | -19.1% | -22.7% | -36.3% | -9.4% | +6.3% | +14.0% | +35.7% | -14.0% | +39.3% | |
| ROIC | 7.0% | 1.8% | 1.5% | 1.6% | 1.9% | 2.1% | 1.6% | 1.6% | 1.7% | 1.5% | 1.4% | 1.2% | 1.5% | 1.4% | 1.3% | 1.3% | 1.3% | 1.4% | 1.5% | 1.2% | 1.3% |
| — | -11.1% | -5.9% | +4.0% | +11.3% | +40.3% | +14.1% | +30.0% | +18.7% | +6.8% | +8.9% | -8.1% | +9.0% | +0.5% | -12.2% | +6.5% | +0.1% | -1.5% | +21.1% | -15.1% | +63.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.48 | 1.51 | 0.82 | 0.70 | 0.77 | 0.82 | 0.88 | 1.00 | 1.14 | 1.10 | 1.31 | 1.17 | 1.33 | 1.39 | 1.32 | 1.79 | 1.69 | 2.42 | 1.72 | 1.80 |
| — | -37.5% | +82.8% | -6.7% | -30.1% | -33.1% | -25.2% | -33.2% | -15.0% | -13.9% | -20.9% | -0.6% | -34.5% | -21.3% | -42.4% | -23.4% | -0.6% | -7.2% | +22.7% | -20.5% | -14.7% | |
| Debt / EBITDA | 4.04 | 9.96 | 33.51 | 20.28 | 15.09 | 14.92 | 19.83 | 20.53 | 20.10 | 25.83 | 25.18 | 34.27 | 25.61 | 28.73 | 32.12 | 27.69 | 34.50 | 28.28 | 38.30 | 35.45 | 33.98 |
| — | -33.3% | +68.9% | -1.2% | -24.9% | -42.2% | -21.2% | -40.1% | -21.5% | -10.1% | -21.6% | +23.8% | -25.8% | +1.6% | -16.1% | -21.9% | +1.5% | -11.2% | +2.2% | +4.9% | -35.3% | |
| Current Ratio | 0.31 | 40.17 | 17.05 | 0.15 | 0.13 | 0.02 | 0.16 | 0.17 | 0.17 | 0.16 | 0.14 | 0.15 | 0.16 | 0.16 | 0.15 | 0.18 | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 |
| — | +204876.5% | +10645.0% | -11.8% | -22.6% | -87.4% | +11.9% | +15.1% | +2.3% | -0.7% | -5.4% | -16.2% | +8.3% | +0.4% | -14.0% | +3.8% | +3.2% | -8.9% | -35.6% | +23.1% | -0.7% | |
| Quick Ratio | 0.31 | 40.17 | 17.05 | 0.15 | 0.13 | 0.02 | 0.16 | 0.17 | 0.17 | 0.16 | 0.14 | 0.15 | 0.16 | 0.16 | 0.15 | 0.18 | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 |
| — | +204876.5% | +10645.0% | -11.8% | -22.6% | -87.4% | +11.9% | +15.1% | +2.3% | -0.7% | -5.4% | -16.2% | +8.3% | +0.4% | -14.0% | +3.8% | +3.2% | -8.9% | -35.6% | +23.1% | -0.7% | |
| Interest Coverage | 0.55 | 0.71 | 0.62 | 0.55 | 0.58 | 0.60 | 0.49 | 0.51 | 0.57 | 0.45 | 0.45 | 0.40 | 0.49 | 0.54 | 0.56 | 0.77 | 1.16 | 2.38 | 4.39 | 3.86 | 4.33 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying FBIZ stock.
First Business Financial Services, Inc.'s current P/E is 10.6x. The average P/E over the last 4 quarters is 8.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Business Financial Services, Inc.'s current operating margin is 35.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking First Business Financial Services, Inc.'s business trajectory between earnings reports.