German American Bancorp, Inc. (GABC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.86
+20% vs avg
5yr avg: 10.75
30Y Low4.2·High40.9
P/FCF
↓
10.98
+3% vs avg
5yr avg: 10.69
30Y Low2.6·High23.1
P/B Ratio
↓
1.42
-9% vs avg
5yr avg: 1.57
30Y Low1.2·High2.8
ROE
↓
12.0%
-7% vs avg
5yr avg: 12.9%
30Y Low6%·High15%
Debt/EBITDA
↓
1.30
↓-19% vs avg
5yr avg: 1.62
30Y Low0.2·High28.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GABC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
German American Bancorp, Inc. trades at 14.7x earnings, 15% above its 5-year average of 12.8x, sitting at the 40th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 8%. On a free-cash-flow basis, the stock trades at 11.0x P/FCF, roughly in line with the 5-year average of 10.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.4B | $1.2B | $958M | $1.1B | $1.0B | $878M | $920M | $649M | $810M | $785M |
| Enterprise Value | $1.8B | $1.6B | $1.3B | $1.1B | $1.2B | $1.1B | $1.0B | $1.2B | $961M | $1.0B | $995M |
| P/E Ratio → | 14.70 | 12.80 | 14.21 | 11.14 | 13.42 | 12.30 | 14.14 | 15.55 | 13.95 | 19.96 | 22.34 |
| P/S Ratio | 3.47 | 2.96 | 3.78 | 3.02 | 3.95 | 4.50 | 3.84 | 4.14 | 3.80 | 5.67 | 5.80 |
| P/B Ratio | 1.42 | 1.24 | 1.67 | 1.44 | 1.97 | 1.55 | 1.41 | 1.60 | 1.42 | 2.22 | 2.38 |
| P/FCF | 10.98 | 9.36 | 13.15 | 9.44 | 10.76 | 10.76 | 10.29 | 16.47 | 13.77 | 18.54 | 21.41 |
| P/OCF | 10.61 | 9.05 | 12.46 | 8.93 | 9.99 | 10.26 | 9.50 | 14.10 | 10.42 | 14.76 | 18.74 |
P/E links to full P/E history page with 30-year chart
GABC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
German American Bancorp, Inc.'s enterprise value stands at 12.9x EBITDA, 20% above its 5-year average of 10.7x. The Financial Services sector median is 11.4x, placing the stock at a 13% 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 | — | 3.19 | 4.23 | 3.38 | 4.41 | 4.95 | 4.43 | 5.44 | 5.63 | 7.26 | 7.35 |
| EV / EBITDA | 12.86 | 11.08 | 11.76 | 9.47 | 11.23 | 10.21 | 12.00 | 15.12 | 15.44 | 18.24 | 18.62 |
| EV / EBIT | 12.86 | 11.08 | 12.81 | 10.35 | 12.37 | 11.08 | 13.51 | 16.95 | 17.15 | 19.88 | 20.25 |
| EV / FCF | — | 10.08 | 14.70 | 10.57 | 12.01 | 11.84 | 11.87 | 21.62 | 20.39 | 23.75 | 27.12 |
GABC Profitability
Margins and return-on-capital ratios measuring operating efficiency
German American Bancorp, Inc. earns an operating margin of 28.7%, above the Financial Services sector average of 20.3%. Operating margins have compressed from 32.7% to 28.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.0% is modest. ROIC of 9.3% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | 70.2% | 70.2% | 67.3% | 78.3% | 91.1% | 98.7% | 84.0% | 83.5% | 87.6% | 91.0% | 92.9% |
| Operating Margin | 28.7% | 28.7% | 33.0% | 32.7% | 35.7% | 44.7% | 32.8% | 32.1% | 32.8% | 36.5% | 36.3% |
| Net Profit Margin | 23.1% | 23.1% | 26.6% | 27.1% | 29.4% | 36.6% | 27.2% | 26.7% | 27.2% | 28.5% | 26.0% |
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 | 12.0% | 12.0% | 12.2% | 14.1% | 13.3% | 13.0% | 10.4% | 11.5% | 11.3% | 11.7% | 12.1% |
| ROA | 1.5% | 1.5% | 1.3% | 1.4% | 1.4% | 1.6% | 1.3% | 1.4% | 1.3% | 1.3% | 1.3% |
| ROIC | 9.3% | 9.3% | 8.8% | 9.6% | 9.4% | 9.4% | 6.5% | 6.1% | 5.7% | 6.4% | 6.6% |
| ROCE | 12.4% | 12.4% | 11.9% | 13.9% | 14.0% | 13.5% | 9.9% | 10.6% | 10.3% | 10.9% | 12.3% |
GABC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
German American Bancorp, Inc. carries a Debt/EBITDA ratio of 1.3x, which is manageable (69% below the sector average of 4.3x). Net debt stands at $111M ($183M total debt minus $72M cash). Interest coverage of just 1.1x 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 | 0.16 | 0.16 | 0.29 | 0.29 | 0.36 | 0.23 | 0.31 | 0.61 | 0.82 | 0.75 | 0.78 |
| Debt / EBITDA | 1.30 | 1.30 | 1.85 | 1.71 | 1.86 | 1.36 | 2.30 | 4.38 | 6.05 | 4.84 | 4.83 |
| Net Debt / Equity | — | 0.10 | 0.20 | 0.17 | 0.23 | 0.16 | 0.22 | 0.50 | 0.68 | 0.63 | 0.63 |
| Net Debt / EBITDA | 0.79 | 0.79 | 1.24 | 1.01 | 1.17 | 0.93 | 1.60 | 3.60 | 5.01 | 4.01 | 3.92 |
| Debt / FCF | — | 0.72 | 1.55 | 1.13 | 1.25 | 1.08 | 1.59 | 5.15 | 6.61 | 5.22 | 5.72 |
| Interest Coverage | 1.11 | 1.11 | 1.04 | 1.57 | 5.41 | 10.76 | 3.92 | 2.28 | 2.93 | 4.69 | 5.81 |
GABC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.18x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.32x to 0.18x 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 | 0.18 | 0.18 | 0.21 | 0.32 | 0.36 | 0.41 | 0.31 | 0.26 | 0.27 | 0.31 | 0.31 |
| Quick Ratio | 0.18 | 0.18 | 0.21 | 0.32 | 0.36 | 0.41 | 0.31 | 0.26 | 0.27 | 0.31 | 0.31 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
GABC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
German American Bancorp, Inc. returns 2.6% to shareholders annually primarily through dividends. The payout ratio of 38.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.8% (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 | 2.6% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 38.4% | 38.4% | 38.0% | 34.3% | 33.0% | 26.4% | 32.4% | 29.6% | 30.2% | 29.1% | 30.2% |
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 | 6.8% | 7.8% | 7.0% | 9.0% | 7.5% | 8.1% | 7.1% | 6.4% | 7.2% | 5.0% | 4.5% |
| FCF Yield | 9.1% | 10.7% | 7.6% | 10.6% | 9.3% | 9.3% | 9.7% | 6.1% | 7.3% | 5.4% | 4.7% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $37M | $30M | $30M | $29M | $27M | $27M | $26M | $23M | $23M | $22M |
Peer Comparison
Compare GABC 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 |
|---|---|---|---|---|---|---|---|---|---|
 GABCYou | $2B | 14.7 | 12.9 | 11.0 | 70.2% | 28.7% | 12.0% | 9.3% | 1.3 |
 HOMB | $5B | 11.5 | 9.3 | 11.3 | 77.3% | 43.8% | 11.5% | 8.7% | 1.5 |
 SFNC | $3B | -7.4 | — | 7.5 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 IBCP | $706M | 10.5 | 9.5 | 10.1 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 FFIN | $5B | 18.5 | 11.4 | 15.3 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 FULT | $4B | 11.0 | 10.3 | 15.5 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 UBSI | $6B | 13.6 | 7.8 | 12.9 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 ONB | $10B | 13.9 | 15.5 | 15.0 | 63.6% | 23.6% | 9.0% | 4.7% | 7.6 |
 FBNC | $3B | 22.7 | 15.8 | 12.7 | 70.1% | 26.6% | 7.2% | 6.8% | 0.5 |
 NBTB | $2B | 14.0 | 10.7 | 11.1 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 CVBF | $3B | 13.7 | 13.2 | 13.0 | 79.9% | 43.8% | 9.3% | 6.8% | 3.5 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
GABC — Frequently Asked Questions
Quick answers to the most common questions about buying GABC stock.
What is German American Bancorp, Inc.'s P/E ratio?
German American Bancorp, Inc.'s current P/E ratio is 14.7x. The historical average is 18.5x. This places it at the 40th percentile of its historical range.
What is German American Bancorp, Inc.'s EV/EBITDA?
German American Bancorp, Inc.'s current EV/EBITDA is 12.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.6x.
What is German American Bancorp, Inc.'s ROE?
German American Bancorp, Inc.'s return on equity (ROE) is 12.0%. The historical average is 11.6%.
Is GABC stock overvalued?
Based on historical data, German American Bancorp, Inc. is trading at a P/E of 14.7x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is German American Bancorp, Inc.'s dividend yield?
German American Bancorp, Inc.'s current dividend yield is 2.61% with a payout ratio of 38.4%.
What are German American Bancorp, Inc.'s profit margins?
German American Bancorp, Inc. has 70.2% gross margin and 28.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does German American Bancorp, Inc. have?
German American Bancorp, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.