Glacier Bancorp, Inc. (GBCI) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
24.79
+6% vs avg
5yr avg: 23.33
30Y Low12.9·High73.4
P/FCF
↑
18.62
↑+22% vs avg
5yr avg: 15.26
30Y Low4.1·High27.1
P/B Ratio
↓
1.54
-8% vs avg
5yr avg: 1.67
30Y Low1.0·High3.1
ROE
↓
6.4%
↑-21% vs avg
5yr avg: 8.1%
30Y Low2%·High18%
Debt/EBITDA
↑
7.94
↓-16% vs avg
5yr avg: 9.42
30Y Low2.7·High48.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GBCI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Glacier Bancorp, Inc. trades at 25.0x earnings, 13% above its 5-year average of 22.1x, sitting at the 93rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 87%. On a free-cash-flow basis, the stock trades at 18.6x P/FCF, 22% above the 5-year average of 15.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.5B | $5.7B | $5.7B | $4.6B | $5.5B | $5.6B | $4.4B | $4.1B | $3.3B | $3.1B | $2.8B |
| Enterprise Value | $9.0B | $8.3B | $8.6B | $7.7B | $8.0B | $6.4B | $4.9B | $4.5B | $4.1B | $3.7B | $3.5B |
| P/E Ratio → | 25.00 | 22.14 | 29.89 | 20.56 | 18.04 | 19.83 | 16.37 | 19.32 | 18.26 | 22.51 | 22.79 |
| P/S Ratio | 4.54 | 4.02 | 4.57 | 4.11 | 5.87 | 6.93 | 5.53 | 6.22 | 5.72 | 6.43 | 6.31 |
| P/B Ratio | 1.54 | 1.36 | 1.76 | 1.52 | 1.93 | 1.77 | 1.89 | 2.07 | 2.19 | 2.55 | 2.48 |
| P/FCF | 18.62 | 16.50 | 27.11 | 10.15 | 12.54 | 10.02 | 24.56 | 19.33 | 12.65 | 12.50 | 14.97 |
| P/OCF | 17.29 | 15.31 | 22.04 | 9.15 | 11.64 | 9.85 | 23.04 | 17.93 | 11.81 | 12.00 | 14.32 |
P/E links to full P/E history page with 30-year chart
GBCI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Glacier Bancorp, Inc.'s enterprise value stands at 24.8x EBITDA, 6% above its 5-year average of 23.3x. The Financial Services sector median is 11.4x, placing the stock at a 117% 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 | — | 5.83 | 6.93 | 6.88 | 8.60 | 7.87 | 6.22 | 6.90 | 7.07 | 7.80 | 7.91 |
| EV / EBITDA | 24.79 | 22.76 | 32.21 | 25.17 | 19.74 | 16.77 | 13.69 | 15.76 | 16.76 | 18.70 | 19.37 |
| EV / EBIT | 27.77 | 25.49 | 38.15 | 28.66 | 21.69 | 18.30 | 14.97 | 17.40 | 18.44 | 20.49 | 21.58 |
| EV / FCF | — | 23.91 | 41.15 | 16.99 | 18.38 | 11.37 | 27.62 | 21.46 | 15.63 | 15.16 | 18.77 |
GBCI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Glacier Bancorp, Inc. earns an operating margin of 22.9%, roughly in line with the Financial Services sector average. Operating margins have compressed from 24.0% to 22.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.4% is modest, trailing the sector median of 9.4%. ROIC of 3.5% represents below-average returns on invested capital versus a sector median of 5.7%.
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 | 69.0% | 69.0% | 62.8% | 69.4% | 93.4% | 94.9% | 91.5% | 93.4% | 92.1% | 91.4% | 92.7% |
| Operating Margin | 22.9% | 22.9% | 18.2% | 24.0% | 39.7% | 43.0% | 41.5% | 39.7% | 38.4% | 38.1% | 36.7% |
| Net Profit Margin | 16.8% | 16.8% | 15.3% | 20.0% | 32.5% | 35.0% | 33.7% | 32.2% | 31.4% | 24.5% | 27.6% |
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 | 6.4% | 6.4% | 6.1% | 7.6% | 10.1% | 10.4% | 12.5% | 12.1% | 13.4% | 10.1% | 11.0% |
| ROA | 0.8% | 0.8% | 0.7% | 0.8% | 1.2% | 1.3% | 1.7% | 1.6% | 1.7% | 1.2% | 1.3% |
| ROIC | 3.5% | 3.5% | 2.3% | 3.0% | 5.5% | 6.7% | 7.9% | 7.4% | 7.3% | 6.7% | 6.0% |
| ROCE | 1.7% | 1.7% | 3.9% | 4.7% | 8.6% | 11.1% | 13.0% | 11.4% | 11.2% | 10.8% | 9.7% |
GBCI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Glacier Bancorp, Inc. carries a Debt/EBITDA ratio of 7.9x, which is highly leveraged (92% above the sector average of 4.1x). Net debt stands at $2.6B ($2.9B total debt minus $322M cash). Interest coverage of just 0.8x 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 | 0.69 | 0.69 | 1.18 | 1.47 | 1.04 | 0.38 | 0.51 | 0.40 | 0.65 | 0.71 | 0.77 |
| Debt / EBITDA | 7.94 | 7.94 | 14.16 | 14.57 | 7.27 | 3.14 | 3.28 | 2.71 | 4.03 | 4.29 | 4.78 |
| Net Debt / Equity | — | 0.61 | 0.91 | 1.02 | 0.90 | 0.24 | 0.24 | 0.23 | 0.52 | 0.54 | 0.63 |
| Net Debt / EBITDA | 7.06 | 7.06 | 10.99 | 10.13 | 6.28 | 1.99 | 1.52 | 1.56 | 3.20 | 3.28 | 3.93 |
| Debt / FCF | — | 7.41 | 14.04 | 6.84 | 5.85 | 1.35 | 3.06 | 2.12 | 2.98 | 2.66 | 3.81 |
| Interest Coverage | 0.80 | 0.80 | 0.52 | 0.82 | 8.97 | 18.83 | 12.01 | 6.06 | 6.25 | 6.06 | 5.43 |
GBCI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Glacier Bancorp, Inc.'s current ratio of 307.57x 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 0.29x to 307.57x 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 | 307.57 | 307.57 | 0.21 | 0.29 | 0.27 | 0.43 | 0.38 | 0.26 | 0.29 | 0.25 | 0.33 |
| Quick Ratio | 307.57 | 307.57 | 0.21 | 0.29 | 0.27 | 0.43 | 0.38 | 0.26 | 0.29 | 0.25 | 0.33 |
| Cash Ratio | 3.94 | 3.94 | 0.04 | 0.06 | 0.02 | 0.02 | 0.04 | 0.03 | 0.02 | 0.03 | 0.02 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
GBCI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Glacier Bancorp, Inc. returns 2.5% to shareholders annually primarily through dividends. A payout ratio of 68.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.0% (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 | 2.5% | 2.8% | 2.6% | 3.2% | 2.9% | 2.6% | 3.0% | 3.1% | 2.6% | 3.7% | 3.0% |
| Payout Ratio | 68.1% | 68.1% | 78.9% | 65.8% | 52.0% | 51.1% | 49.3% | 59.1% | 47.0% | 96.0% | 69.4% |
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 | 4.0% | 4.5% | 3.3% | 4.9% | 5.5% | 5.0% | 6.1% | 5.2% | 5.5% | 4.4% | 4.4% |
| FCF Yield | 5.4% | 6.1% | 3.7% | 9.9% | 8.0% | 10.0% | 4.1% | 5.2% | 7.9% | 8.0% | 6.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.5% | 2.8% | 2.7% | 3.2% | 2.9% | 2.6% | 3.0% | 3.1% | 2.6% | 3.7% | 3.0% |
| Shares Outstanding | — | $130M | $113M | $111M | $111M | $99M | $95M | $88M | $84M | $78M | $76M |
Peer Comparison
Compare GBCI 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 |
|---|---|---|---|---|---|---|---|---|---|
 GBCIYou | $6B | 25.0 | 24.8 | 18.6 | 69.0% | 22.9% | 6.4% | 3.5% | 7.9 |
 COLB | $7B | 13.1 | 11.9 | 10.2 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 WAFD | $3B | 13.6 | 13.0 | 13.1 | 50.9% | 20.5% | 7.5% | 3.9% | 6.1 |
 BANR | $2B | 11.7 | 9.6 | 9.0 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 HFWA | $934M | 14.0 | 11.6 | 10.9 | 72.4% | 23.2% | 7.6% | 5.2% | 0.5 |
 NWBI | $2B | 15.3 | 13.8 | 14.5 | 68.3% | 18.8% | 7.2% | 5.6% | 2.7 |
 CVBF | $3B | 13.6 | 13.1 | 12.9 | 79.9% | 43.8% | 9.3% | 6.8% | 3.5 |
 UMBF | $10B | 14.7 | 12.3 | 10.4 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 BOKF | $10B | 16.7 | 17.4 | 7.3 | 57.1% | 19.8% | 9.8% | 4.1% | 5.8 |
 WTFC | $10B | 13.3 | 11.8 | 11.3 | 62.2% | 26.4% | 12.1% | 7.5% | 3.7 |
 IBCP | $696M | 10.3 | 9.4 | 9.9 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonGBCI — Frequently Asked Questions
Quick answers to the most common questions about buying GBCI stock.
What is Glacier Bancorp, Inc.'s P/E ratio?
Glacier Bancorp, Inc.'s current P/E ratio is 25.0x. The historical average is 19.6x. This places it at the 93th percentile of its historical range.
What is Glacier Bancorp, Inc.'s EV/EBITDA?
Glacier Bancorp, Inc.'s current EV/EBITDA is 24.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.6x.
What is Glacier Bancorp, Inc.'s ROE?
Glacier Bancorp, Inc.'s return on equity (ROE) is 6.4%. The historical average is 12.0%.
Is GBCI stock overvalued?
Based on historical data, Glacier Bancorp, Inc. is trading at a P/E of 25.0x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Glacier Bancorp, Inc.'s dividend yield?
Glacier Bancorp, Inc.'s current dividend yield is 2.51% with a payout ratio of 68.1%.
What are Glacier Bancorp, Inc.'s profit margins?
Glacier Bancorp, Inc. has 69.0% gross margin and 22.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Glacier Bancorp, Inc. have?
Glacier Bancorp, Inc.'s Debt/EBITDA ratio is 7.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.