Latest Ratios: P/E Ratio 17.0x · EV/EBITDA 5.0x · ROE 9.5%. (1996–2025 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 | $852M | $621M | $767M | $669M | $561M | $582M | $384M | $489M | $525M | $491M | $523M |
| Enterprise Value | $341M | $110M | $688M | $591M | $498M | $533M | $325M | $421M | $513M | $533M | $665M |
| P/E Ratio → | 17.04 | 12.73 | 14.87 | 13.95 | 12.02 | 11.37 | 10.68 | 12.61 | 14.44 | 22.80 | 20.79 |
| P/S Ratio | 4.59 | 3.35 | 4.36 | 4.04 | 3.95 | 4.36 | 2.78 | 4.17 | 4.34 | 4.21 | 4.63 |
| P/B Ratio | 1.66 | 1.24 | 1.46 | 1.33 | 1.33 | 1.36 | 0.90 | 1.14 | 1.58 | 1.40 | 1.54 |
| P/FCF | 14.20 | 10.35 | 13.97 | 11.32 | 9.70 | 12.87 | 9.01 | 10.13 | 11.18 | 14.42 | 12.70 |
| P/OCF | 13.58 | 9.90 | 13.29 | 10.82 | 9.51 | 12.06 | 8.39 | 8.63 | 10.60 | 13.49 | 12.15 |
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 | — | 0.59 | 3.91 | 3.57 | 3.50 | 4.00 | 2.35 | 3.60 | 4.24 | 4.57 | 5.88 |
| EV / EBITDA | 4.96 | 1.60 | 9.53 | 8.73 | 7.58 | 7.35 | 6.24 | 7.77 | 10.45 | 11.40 | 15.58 |
| EV / EBIT | 5.40 | 1.74 | 10.47 | 9.53 | 8.28 | 8.01 | 7.04 | 8.46 | 11.36 | 12.65 | 17.51 |
| EV / FCF | — | 1.83 | 12.52 | 10.00 | 8.61 | 11.79 | 7.61 | 8.73 | 10.92 | 15.66 | 16.13 |
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 | 90.3% | 90.3% | 86.8% | 89.5% | 94.2% | 104.2% | 86.9% | 92.2% | 91.9% | 90.7% | 90.2% |
| Operating Margin | 34.0% | 34.0% | 37.3% | 37.4% | 42.3% | 49.9% | 33.4% | 42.5% | 37.3% | 36.1% | 33.6% |
| Net Profit Margin | 26.3% | 26.3% | 29.3% | 29.0% | 32.8% | 38.4% | 26.0% | 33.1% | 30.1% | 18.4% | 22.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 9.5% | 10.0% | 10.4% | 11.0% | 12.0% | 8.4% | 10.2% | 10.6% | 6.2% | 7.4% |
| ROA | 1.5% | 1.5% | 1.6% | 1.5% | 1.5% | 1.6% | 1.2% | 1.5% | 1.6% | 0.9% | 1.0% |
| ROIC | 9.2% | 9.2% | 9.6% | 10.0% | 10.6% | 11.6% | 8.1% | 9.4% | 8.5% | 6.7% | 5.3% |
| ROCE | 4.3% | 4.3% | 11.8% | 12.8% | 14.2% | 15.6% | 10.8% | 13.1% | 12.3% | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.23 | 0.53 |
| Debt / EBITDA | 0.02 | 0.02 | 0.01 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.60 | 1.71 | 4.19 |
| Net Debt / Equity | — | -1.02 | -0.15 | -0.15 | -0.15 | -0.11 | -0.14 | -0.16 | -0.04 | 0.12 | 0.42 |
| Net Debt / EBITDA | -7.43 | -7.43 | -1.10 | -1.15 | -0.96 | -0.67 | -1.15 | -1.24 | -0.25 | 0.90 | 3.31 |
| Debt / FCF | — | -8.52 | -1.45 | -1.32 | -1.09 | -1.08 | -1.40 | -1.40 | -0.26 | 1.24 | 3.43 |
| Interest Coverage | 3.52 | 3.52 | 3.34 | 6.54 | 36.33 | 23.46 | 8.44 | 9.03 | 6.06 | 5.21 | 3.85 |
Net cash position: cash ($512M) exceeds total debt ($1M)
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 | 0.73 | 0.73 | 0.08 | 0.14 | 0.14 | 0.05 | 0.06 | 0.10 | 0.10 | 0.10 | 0.11 |
| Quick Ratio | 0.73 | 0.73 | 0.08 | 0.14 | 0.14 | 0.05 | 0.06 | 0.10 | 0.10 | 0.10 | 0.11 |
| Cash Ratio | 0.57 | 0.57 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.04 | 0.05 | 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 | 7.3% | 9.8% | 2.9% | 3.2% | 3.3% | 3.1% | 4.6% | 3.1% | 4.0% | 2.4% | 2.0% |
| Payout Ratio | 124.2% | 124.2% | 42.7% | 43.9% | 39.7% | 35.3% | 49.8% | 38.8% | 58.0% | 53.8% | 41.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 7.9% | 6.7% | 7.2% | 8.3% | 8.8% | 9.4% | 7.9% | 6.9% | 4.4% | 4.8% |
| FCF Yield | 7.0% | 9.7% | 7.2% | 8.8% | 10.3% | 7.8% | 11.1% | 9.9% | 8.9% | 6.9% | 7.9% |
| Buyback Yield | 0.2% | 0.3% | 1.1% | 3.4% | 3.8% | 5.0% | 5.7% | 3.3% | 6.6% | 0.3% | 4.5% |
| Total Shareholder Yield | 7.5% | 10.1% | 4.0% | 6.6% | 7.1% | 8.1% | 10.3% | 6.4% | 10.6% | 2.6% | 6.5% |
| Shares Outstanding | — | $18M | $18M | $18M | $17M | $17M | $18M | $16M | $17M | $17M | $17M |
Regional economic concentration risk
Based on recent market data, FCBC trades at a P/B of 1.66, which appears elevated relative to regional peers like UBSI and NWBI, suggesting that investors may be pricing in a premium for the bank's defensive deposit franchise despite the lack of meaningful organic growth.
The current P/B multiple implies market expectations for a higher return on tangible equity than the bank has historically delivered. Investors should monitor whether this valuation is supported by the stability of the Trust division or if it represents a mispricing of the bank's limited growth prospects in the Appalachian corridor.
As reported in financial statements, the bank's ROE has remained compressed near 2.4% over the last ten quarters, reflecting a combination of low asset utilization and a conservative leverage profile that limits the bank's ability to generate significant returns on its equity base.
The DuPont analysis suggests that the bank's profitability is constrained by a narrow NIM and a reliance on a high-cost brick-and-mortar delivery model. Without a shift toward higher-yielding assets or improved operating leverage, the current ROE levels may continue to lag behind more efficient regional competitors.
According to quarterly filings, the efficiency ratio has fluctuated between 48.4% and 55.5%, indicating that the bank's fixed-cost structure remains a significant drag on profitability during periods of revenue volatility in the energy-dependent markets it serves.
The persistent NIM range of 0.9% to 1.0% suggests that the bank is struggling to pass through interest rate changes to its asset base while maintaining its low-cost deposit advantage. This operational rigidity warrants further investigation into whether digital transformation could eventually lower the efficiency ratio.
Based on reported figures, the bank maintains an equity-to-assets ratio of approximately 0.15, which, while providing a fortress-like capital buffer, appears to be an inefficient use of capital that suppresses the bank's overall return on equity for shareholders.
The bank's decision to hold significant cash and maintain a zero debt-to-equity ratio suggests a highly risk-averse management philosophy. While this protects the bank during regional downturns, it may also indicate a lack of viable lending opportunities to deploy capital more effectively.
The P/E ratio is frequently misapplied to FCBC, as it obscures the volatility introduced by subjective loan loss provisions and the non-operating fluctuations of the securities portfolio, which can lead to a distorted view of the bank's core earnings power.
Investors should prioritize P/TBV over P/E when evaluating this bank, as the latter is highly sensitive to accounting adjustments that do not reflect the underlying cash-generating capacity of the franchise. Relying on P/E may lead to an inaccurate assessment of the bank's valuation relative to its peers.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FCBC stock.
First Community Bankshares, Inc.'s current P/E ratio is 17.0x. The historical average is 18.0x. This places it at the 86th percentile of its historical range.
First Community Bankshares, Inc.'s current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
First Community Bankshares, Inc.'s return on equity (ROE) is 9.5%. The historical average is 10.2%.
Based on historical data, First Community Bankshares, Inc. is trading at a P/E of 17.0x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
First Community Bankshares, Inc.'s current dividend yield is 7.29% with a payout ratio of 124.2%.
First Community Bankshares, Inc. has 90.3% gross margin and 34.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
First Community Bankshares, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.