Latest Ratios: P/E Ratio -73.6x · EV/EBITDA N/A · ROE -1.3%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $79M | $49M | $44M | $36M | $55M | $74M | $62M | $30M | — | — |
| Enterprise Value | $124M | $93M | $89M | $103M | $145M | $96M | $88M | $90M | — | — |
| P/E Ratio → | -73.61 | — | — | — | — | 28.38 | 59.00 | — | — | — |
| P/S Ratio | 2.76 | 1.69 | 1.63 | 1.94 | 3.18 | 4.23 | 3.52 | 1.81 | — | — |
| P/B Ratio | 0.98 | 0.76 | 0.70 | 0.54 | 1.12 | 1.23 | 1.06 | 0.53 | — | — |
| P/FCF | 241.43 | 147.50 | — | — | 63.33 | 31.15 | 56.37 | 39.39 | — | — |
| P/OCF | 176.90 | 108.08 | — | — | 56.63 | 30.69 | 43.83 | 28.68 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.23 | 3.32 | 5.58 | 8.40 | 5.46 | 4.97 | 5.34 | — | — |
| EV / EBITDA | — | — | 222.85 | — | — | 25.34 | 53.91 | 345.55 | — | — |
| EV / EBIT | — | — | 6335.21 | — | — | 29.75 | 83.35 | — | — | — |
| EV / FCF | — | 282.00 | — | — | 167.24 | 40.20 | 79.57 | 116.53 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.7% | 53.7% | 49.6% | 49.6% | 89.9% | 91.8% | 79.3% | 76.6% | 79.9% | 86.1% |
| Operating Margin | -5.2% | -5.2% | 0.1% | -36.5% | -5.9% | 18.4% | 6.0% | -1.6% | 8.4% | 11.3% |
| Net Profit Margin | -2.9% | -2.9% | -1.9% | -57.9% | -3.3% | 14.9% | 6.1% | -0.5% | 6.9% | 6.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.3% | -1.3% | -0.8% | -18.4% | -1.0% | 4.4% | 1.9% | -0.2% | 3.3% | 2.9% |
| ROA | -0.1% | -0.1% | -0.1% | -1.9% | -0.1% | 0.6% | 0.3% | -0.0% | 0.3% | 0.3% |
| ROIC | -0.9% | -0.9% | 0.0% | -3.5% | -0.6% | 2.6% | 0.7% | -0.2% | 0.9% | 1.2% |
| ROCE | -0.4% | -0.4% | 0.0% | -4.2% | -0.8% | 3.1% | 0.9% | -0.2% | 1.2% | 1.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.91 | 0.91 | 0.84 | 1.10 | 2.01 | 0.49 | 0.58 | 1.16 | 2.31 | 2.26 |
| Debt / EBITDA | — | — | 131.33 | — | — | 7.79 | 20.92 | 254.69 | 40.92 | 33.24 |
| Net Debt / Equity | — | 0.70 | 0.73 | 1.00 | 1.83 | 0.36 | 0.44 | 1.04 | 1.94 | 1.93 |
| Net Debt / EBITDA | — | — | 113.49 | — | — | 5.70 | 15.72 | 228.75 | 34.24 | 28.35 |
| Debt / FCF | — | 134.49 | — | — | 103.91 | 9.05 | 23.21 | 77.14 | — | 31.34 |
| Interest Coverage | -0.11 | -0.11 | 0.00 | -0.74 | -0.58 | 2.61 | 0.33 | -0.07 | 0.42 | 0.89 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.31 | 3.31 | 0.28 | 0.32 | 0.31 | 0.26 | 0.20 | 0.19 | 0.19 | 0.16 |
| Quick Ratio | 3.31 | 3.31 | 0.28 | 0.32 | 0.31 | 0.26 | 0.20 | 0.19 | 0.19 | 0.16 |
| Cash Ratio | 0.26 | 0.26 | 0.02 | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.04 | 0.04 |
| Asset Turnover | — | 0.05 | 0.05 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 3.5% | 1.7% | — | — | — |
| FCF Yield | 0.4% | 0.7% | — | — | 1.6% | 3.2% | 1.8% | 2.5% | — | — |
| Buyback Yield | 1.2% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.2% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $4M | $4M | $5M | $5M | $6M | $6M | $3M | $3M | $3M |
Geographic and liquidity concentration
Based on recent market data, FSEA trades at a price-to-book ratio of 0.98, which suggests that investors are pricing the bank as a distressed asset rather than a franchise with significant growth potential or a clear path to sustainable profitability in the near term.
The current P/B multiple below parity indicates that the market is discounting the bank's tangible book value, likely due to the persistent negative ROE and the lack of a clear earnings trajectory. This valuation implies that the market views the bank's current capital base as inefficiently deployed, warranting further investigation into whether a potential conversion or acquisition is the primary driver of current interest.
According to quarterly financial reports, FSEA's return on equity has remained consistently negative, with a -0.8% reading in 2026Q1, highlighting a fundamental inability to generate positive returns on its capital base under the current operating model and cost structure.
The DuPont decomposition reveals that the bank's profitability is severely hampered by a lack of operating leverage and compressed margins. The inability to maintain a positive net margin suggests that the bank's current revenue mix is insufficient to cover its fixed overhead, making the path to positive ROE dependent on either significant scale expansion or aggressive cost rationalization.
As reported in financial statements, the bank's net interest margin has stagnated between 0.5% and 0.6% over the last ten quarters, which, when combined with an efficiency ratio of 60.6% in 2026Q1, indicates a persistent struggle to manage funding costs effectively.
The narrow NIM suggests that the bank is facing significant pressure from its deposit base, likely due to the competitive environment in its core New Hampshire market. The high efficiency ratio further confirms that the bank is not achieving the necessary economies of scale, implying that the current operating structure may be too costly for the bank's limited asset size.
Based on regulatory filings, the equity-to-assets ratio has remained thin at approximately 0.11 as of 2026Q1, which indicates that the bank's capital cushion is relatively modest and potentially insufficient to absorb significant credit shocks without further diluting existing stakeholders.
The bank's capital adequacy appears to be under pressure due to the lack of organic capital generation from earnings. Investors should monitor whether the current capital levels are sufficient to support future lending activities or if the bank will be forced to limit growth to maintain its regulatory standing.
The most commonly misapplied ratio for FSEA is the price-to-earnings multiple, which, at -73.61, provides no meaningful insight into the bank's value due to the volatility of provisions and the current lack of core profitability.
Using P/E to value a bank with negative earnings and significant non-cash provision adjustments obscures the underlying value of the balance sheet. Analysts should instead focus on price-to-tangible-book-value (P/TBV) and the quality of the loan portfolio, as these metrics provide a more accurate assessment of the bank's liquidation value and potential for future recovery.
Includes 30+ ratios · 9 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 FSEA stock.
First Seacoast Bancorp's current P/E ratio is -73.6x. The historical average is 43.7x.
First Seacoast Bancorp's return on equity (ROE) is -1.3%. The historical average is -1.0%.
Based on historical data, First Seacoast Bancorp is trading at a P/E of -73.6x. Compare with industry peers and growth rates for a complete picture.
First Seacoast Bancorp has 53.7% gross margin and -5.2% operating margin.