FB Financial Corporation (FBK) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.64
↑+39% vs avg
5yr avg: 9.06
30Y Low2.6·High21.4
P/FCF
↓
17.50
-5% vs avg
5yr avg: 18.45
30Y Low2.2·High43.1
P/B Ratio
↑
1.44
+1% vs avg
5yr avg: 1.42
30Y Low1.0·High2.0
ROE
↓
7.0%
↑-25% vs avg
5yr avg: 9.3%
30Y Low6%·High21%
Debt/EBITDA
↑
2.22
+7% vs avg
5yr avg: 2.07
30Y Low0.9·High7.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FBK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
FB Financial Corporation trades at 22.0x earnings, 30% above its 5-year average of 16.9x, sitting at the 80th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 65%. On a free-cash-flow basis, the stock trades at 17.5x P/FCF, 5% below the 5-year average of 18.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $3.0B | $2.4B | $1.9B | $1.7B | $2.1B | $1.3B | $1.2B | $1.1B | $1.2B | $501M |
| Enterprise Value | $1.9B | $2.1B | $1.7B | $1.6B | $1.4B | $658M | $426M | $1.5B | $1.2B | $1.7B | $594M |
| P/E Ratio → | 21.95 | 23.25 | 20.77 | 15.51 | 13.69 | 11.04 | 20.80 | 14.94 | 13.68 | 22.58 | 12.36 |
| P/S Ratio | 3.11 | 3.37 | 3.15 | 2.49 | 2.86 | 3.43 | 2.15 | 2.97 | 2.96 | 3.81 | 1.89 |
| P/B Ratio | 1.44 | 1.52 | 1.54 | 1.28 | 1.29 | 1.47 | 1.02 | 1.63 | 1.63 | 1.98 | 1.52 |
| P/FCF | 17.50 | 19.00 | 18.24 | 9.78 | 2.16 | 43.08 | — | 21.78 | 5.43 | 35.82 | — |
| P/OCF | 17.50 | 19.00 | 17.38 | 8.84 | 2.13 | 38.29 | — | 19.45 | 5.17 | 31.49 | — |
P/E links to full P/E history page with 30-year chart
FBK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
FB Financial Corporation's enterprise value stands at 12.6x EBITDA, 39% above its 5-year average of 9.1x. The Financial Services sector median is 11.1x, placing the stock at a 14% 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 | — | 2.44 | 2.27 | 2.15 | 2.32 | 1.07 | 0.69 | 3.56 | 3.33 | 5.50 | 2.24 |
| EV / EBITDA | 12.64 | 14.20 | 10.78 | 9.73 | 8.05 | 2.56 | 4.47 | 12.49 | 10.88 | 21.45 | 7.74 |
| EV / EBIT | 13.75 | 15.45 | 11.88 | 10.69 | 8.68 | 2.71 | 5.17 | 13.58 | 11.65 | 23.29 | 9.54 |
| EV / FCF | — | 13.73 | 13.17 | 8.42 | 1.76 | 13.50 | — | 26.05 | 6.10 | 51.76 | — |
FBK Profitability
Margins and return-on-capital ratios measuring operating efficiency
FB Financial Corporation earns an operating margin of 15.8%, below the Financial Services sector average of 21.4%. Operating margins have compressed from 20.1% to 15.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.0% is modest, trailing the sector median of 9.3%. ROIC of 5.1% represents adequate returns on invested capital versus a sector median of 5.6%.
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 | 58.9% | 58.9% | 58.1% | 63.5% | 85.2% | 100.5% | 74.5% | 84.8% | 89.0% | 95.1% | 97.0% |
| Operating Margin | 15.8% | 15.8% | 19.1% | 20.1% | 26.8% | 39.6% | 13.4% | 26.2% | 28.6% | 23.6% | 23.5% |
| Net Profit Margin | 14.0% | 14.0% | 15.1% | 16.1% | 20.9% | 31.0% | 10.3% | 20.1% | 21.7% | 16.8% | 15.3% |
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 | 7.0% | 7.0% | 7.7% | 8.6% | 9.0% | 14.0% | 6.2% | 11.7% | 12.6% | 11.3% | 14.3% |
| ROA | 0.8% | 0.8% | 0.9% | 0.9% | 1.0% | 1.6% | 0.7% | 1.5% | 1.6% | 1.3% | 1.3% |
| ROIC | 5.1% | 5.1% | 5.9% | 6.0% | 6.9% | 11.2% | 4.6% | 8.2% | 7.6% | 6.4% | 9.7% |
| ROCE | 1.5% | 1.5% | 7.7% | 7.7% | 8.6% | 14.1% | 5.7% | 10.3% | 12.0% | 11.8% | 16.6% |
FBK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
FB Financial Corporation carries a Debt/EBITDA ratio of 2.2x, which is manageable (47% below the sector average of 4.2x). The company holds a net cash position — cash of $1.2B exceeds total debt of $334M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.4x 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 | 0.17 | 0.17 | 0.16 | 0.32 | 0.37 | 0.16 | 0.23 | 0.45 | 0.34 | 0.97 | 0.65 |
| Debt / EBITDA | 2.22 | 2.22 | 1.53 | 2.84 | 2.87 | 0.88 | 3.14 | 2.90 | 2.03 | 7.28 | 2.82 |
| Net Debt / Equity | — | -0.42 | -0.43 | -0.18 | -0.24 | -1.01 | -0.69 | 0.32 | 0.20 | 0.88 | 0.28 |
| Net Debt / EBITDA | -5.45 | -5.45 | -4.15 | -1.57 | -1.87 | -5.62 | -9.41 | 2.05 | 1.20 | 6.60 | 1.21 |
| Debt / FCF | — | -5.27 | -5.07 | -1.36 | -0.41 | -29.59 | — | 4.28 | 0.68 | 15.94 | — |
| Interest Coverage | 0.44 | 0.44 | 0.47 | 0.55 | 2.31 | 6.46 | 1.68 | 1.94 | 2.98 | 4.50 | 6.53 |
Net cash position: cash ($1.2B) exceeds total debt ($334M)
FBK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
FB Financial Corporation's current ratio of 36.81x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.17x to 36.81x 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 | 36.81 | 36.81 | 0.17 | 0.17 | 0.22 | 0.32 | 0.26 | 0.17 | 0.19 | 0.16 | 0.25 |
| Quick Ratio | 36.81 | 36.81 | 0.17 | 0.17 | 0.22 | 0.32 | 0.26 | 0.17 | 0.19 | 0.16 | 0.25 |
| Cash Ratio | 16.27 | 16.27 | 0.08 | 0.07 | 0.08 | 0.15 | 0.13 | 0.02 | 0.02 | 0.01 | 0.04 |
| Asset Turnover | — | 0.05 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FBK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
FB Financial Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 4.6% (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 | — | — | 1.3% | 1.5% | 1.4% | 1.0% | 1.1% | 0.8% | 0.6% | — | 13.8% |
| Payout Ratio | — | — | 27.4% | 23.3% | 19.7% | 11.0% | 22.3% | 12.0% | 7.6% | — | 170.7% |
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 | 4.6% | 4.3% | 4.8% | 6.4% | 7.3% | 9.1% | 4.8% | 6.7% | 7.3% | 4.4% | 8.1% |
| FCF Yield | 5.7% | 5.3% | 5.5% | 10.2% | 46.2% | 2.3% | — | 4.6% | 18.4% | 2.8% | — |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.3% | 2.3% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 1.8% | 1.8% | 3.8% | 1.4% | 1.1% | 0.8% | 0.6% | 0.0% | 13.8% |
| Shares Outstanding | — | $53M | $47M | $47M | $47M | $48M | $38M | $31M | $31M | $28M | $19M |
Peer Comparison
Compare FBK 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 |
|---|---|---|---|---|---|---|---|---|---|
 FBKYou | $3B | 22.0 | 12.6 | 17.5 | 58.9% | 15.8% | 7.0% | 5.1% | 2.2 |
 SFNC | $3B | -7.3 | — | 6.9 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 HOMB | $5B | 13.3 | 10.1 | 12.5 | 65.6% | 36.0% | 10.4% | 7.2% | 2.2 |
 UBSI | $6B | 13.3 | 7.5 | 12.6 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 FFIN | $5B | 20.9 | 14.3 | 15.9 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 COLB | $7B | 12.9 | 11.8 | 10.0 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 IBCP | $707M | 10.5 | 9.5 | 10.1 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 PFSI | $4B | 9.0 | 17.9 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 UWMC | $476M | 25.5 | 7.7 | — | 85.6% | 58.0% | 1.5% | 8.9% | 7.7 |
 RKT | $41B | -527.6 | 43.0 | — | 91.6% | 8.7% | -0.4% | 2.0% | — |
 GHLD | $439M | 12.8 | 21.4 | — | 90.6% | 10.1% | 8.0% | 2.4% | 19.4 |
| Financial Services Median | — | 13.3 | 11.1 | 10.8 | 63.7% | 21.4% | 9.3% | 5.6% | 4.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Compare NowFBK — Frequently Asked Questions
Quick answers to the most common questions about buying FBK stock.
What is FB Financial Corporation's P/E ratio?
FB Financial Corporation's current P/E ratio is 22.0x. The historical average is 16.9x. This places it at the 80th percentile of its historical range.
What is FB Financial Corporation's EV/EBITDA?
FB Financial Corporation's current EV/EBITDA is 12.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.2x.
What is FB Financial Corporation's ROE?
FB Financial Corporation's return on equity (ROE) is 7.0%. The historical average is 11.7%.
Is FBK stock overvalued?
Based on historical data, FB Financial Corporation is trading at a P/E of 22.0x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are FB Financial Corporation's profit margins?
FB Financial Corporation has 58.9% gross margin and 15.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does FB Financial Corporation have?
FB Financial Corporation's Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.