LCNB Corp. (LCNB) Financial Ratios
27 years of historical data (1999–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.24
↓-12% vs avg
5yr avg: 13.91
30Y Low5.1·High20.1
P/FCF
↓
7.32
↓-10% vs avg
5yr avg: 8.15
30Y Low2.3·High38.5
P/B Ratio
↓
0.88
-1% vs avg
5yr avg: 0.90
30Y Low0.8·High3.0
ROE
↑
8.8%
↓+13% vs avg
5yr avg: 7.8%
30Y Low6%·High14%
Debt/EBITDA
↑
4.20
↓-29% vs avg
5yr avg: 5.93
30Y Low0.2·High11.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LCNB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LCNB Corp. trades at 10.5x earnings, 14% below its 5-year average of 12.2x, sitting at the 19th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 22%. On a free-cash-flow basis, the stock trades at 7.3x P/FCF, 10% below the 5-year average of 8.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $245M | $231M | $208M | $180M | $205M | $246M | $190M | $253M | $181M | $205M | $232M |
| Enterprise Value | $345M | $331M | $334M | $357M | $280M | $244M | $186M | $278M | $263M | $227M | $256M |
| P/E Ratio → | 10.55 | 10.06 | 15.60 | 14.34 | 9.33 | 11.77 | 9.48 | 13.40 | 12.22 | 15.85 | 18.60 |
| P/S Ratio | 1.97 | 1.86 | 1.66 | 1.90 | 2.57 | 3.24 | 2.42 | 3.28 | 2.78 | 3.77 | 4.31 |
| P/B Ratio | 0.88 | 0.84 | 0.82 | 0.77 | 1.02 | 1.03 | 0.79 | 1.11 | 0.83 | 1.36 | 1.62 |
| P/FCF | 7.32 | 6.90 | 2.33 | 8.68 | 7.38 | 15.48 | 17.43 | 14.00 | 9.45 | 17.78 | 38.46 |
| P/OCF | 7.12 | 6.71 | 2.23 | 7.71 | 7.15 | 13.80 | 13.87 | 11.49 | 9.16 | 11.29 | 14.99 |
P/E links to full P/E history page with 30-year chart
LCNB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LCNB Corp.'s enterprise value stands at 12.2x EBITDA, 12% below its 5-year average of 13.9x. The Financial Services sector median is 11.4x, placing the stock at a 7% 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 | — | 2.66 | 2.66 | 3.76 | 3.49 | 3.21 | 2.37 | 3.61 | 4.04 | 4.17 | 4.75 |
| EV / EBITDA | 12.24 | 11.75 | 20.14 | 19.57 | 9.42 | 8.66 | 7.06 | 10.59 | 12.03 | 11.03 | 13.13 |
| EV / EBIT | 12.24 | 11.75 | 20.90 | 23.40 | 10.38 | 9.55 | 7.71 | 12.08 | 14.79 | 13.15 | 15.12 |
| EV / FCF | — | 9.89 | 3.73 | 17.21 | 10.05 | 15.38 | 17.12 | 15.43 | 13.75 | 19.68 | 42.40 |
LCNB Profitability
Margins and return-on-capital ratios measuring operating efficiency
LCNB Corp. earns an operating margin of 22.7%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 16.1% to 22.7% over the past 3 years, signaling improving operational efficiency. ROE of 8.8% is modest, trailing the sector median of 9.0%. ROIC of 5.2% 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 | 72.3% | 72.3% | 63.2% | 73.3% | 93.8% | 95.0% | 87.8% | 85.7% | 88.7% | 93.0% | 91.8% |
| Operating Margin | 22.7% | 22.7% | 12.7% | 16.1% | 33.7% | 33.7% | 30.8% | 29.9% | 27.3% | 31.7% | 31.4% |
| Net Profit Margin | 18.6% | 18.6% | 10.8% | 13.3% | 27.6% | 27.6% | 25.6% | 24.6% | 22.8% | 23.9% | 23.2% |
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 | 8.8% | 8.8% | 5.5% | 5.8% | 10.1% | 8.7% | 8.6% | 8.5% | 8.0% | 8.8% | 8.8% |
| ROA | 1.0% | 1.0% | 0.6% | 0.6% | 1.2% | 1.1% | 1.2% | 1.2% | 1.0% | 1.0% | 1.0% |
| ROIC | 5.2% | 5.2% | 2.8% | 3.1% | 7.3% | 7.3% | 6.7% | 5.8% | 5.1% | 6.8% | 6.9% |
| ROCE | 2.6% | 2.6% | 4.0% | 5.1% | 11.2% | 9.8% | 9.2% | 9.0% | 9.1% | 12.7% | 12.6% |
LCNB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LCNB Corp. carries a Debt/EBITDA ratio of 4.2x, which is highly leveraged (roughly in line with the sector average of 4.3x). Net debt stands at $100M ($118M total debt minus $18M cash). Interest coverage of just 0.9x 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 | 0.43 | 0.43 | 0.64 | 0.92 | 0.48 | 0.07 | 0.12 | 0.20 | 0.47 | 0.31 | 0.30 |
| Debt / EBITDA | 4.20 | 4.20 | 9.74 | 11.88 | 3.26 | 0.58 | 1.07 | 1.77 | 4.72 | 2.30 | 2.19 |
| Net Debt / Equity | — | 0.36 | 0.50 | 0.75 | 0.37 | -0.01 | -0.01 | 0.11 | 0.38 | 0.15 | 0.17 |
| Net Debt / EBITDA | 3.55 | 3.55 | 7.56 | 9.70 | 2.50 | -0.06 | -0.13 | 0.98 | 3.76 | 1.07 | 1.22 |
| Debt / FCF | — | 2.99 | 1.40 | 8.53 | 2.67 | -0.10 | -0.31 | 1.42 | 4.30 | 1.90 | 3.94 |
| Interest Coverage | 0.87 | 0.87 | 0.36 | 0.66 | 5.72 | 6.31 | 3.19 | 2.13 | 2.77 | 4.79 | 4.83 |
LCNB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.55x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.17x to 0.55x 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 | 0.55 | 0.55 | 0.08 | 0.17 | 0.19 | 0.20 | 0.17 | 0.15 | 0.19 | 0.26 | 0.29 |
| Quick Ratio | 0.55 | 0.55 | 0.08 | 0.17 | 0.19 | 0.20 | 0.17 | 0.15 | 0.19 | 0.26 | 0.29 |
| Cash Ratio | 0.04 | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LCNB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LCNB Corp. returns 5.2% to shareholders annually primarily through dividends. A payout ratio of 53.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 9.5% (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 | 5.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 53.9% | 53.9% | 90.6% | 78.7% | 41.5% | 46.3% | 47.1% | 47.7% | 52.4% | 46.9% | 48.5% |
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 | 9.5% | 9.9% | 6.4% | 7.0% | 10.7% | 8.5% | 10.6% | 7.5% | 8.2% | 6.3% | 5.4% |
| FCF Yield | 13.7% | 14.5% | 42.9% | 11.5% | 13.5% | 6.5% | 5.7% | 7.1% | 10.6% | 5.6% | 2.6% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 5.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $14M | $14M | $11M | $11M | $13M | $13M | $13M | $12M | $10M | $10M |
Peer Comparison
Compare LCNB 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 |
|---|---|---|---|---|---|---|---|---|---|
 LCNBYou | $245M | 10.5 | 12.2 | 7.3 | 72.3% | 22.7% | 8.8% | 5.2% | 4.2 |
 OVBC | $227M | 14.5 | 14.5 | 13.3 | 67.6% | 20.6% | 9.7% | 6.9% | 2.8 |
 FXNC | $265M | 15.0 | 6.7 | 12.6 | 74.0% | 19.6% | 10.0% | 7.7% | 1.9 |
 CZWI | $205M | 14.6 | 15.6 | 19.8 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 MVBF | $355M | 13.4 | 5.1 | 168.0 | 71.7% | 13.6% | 8.4% | 7.0% | 2.1 |
 CHMG | $341M | 22.7 | 14.3 | 7.7 | 64.2% | 14.2% | 6.4% | 5.0% | 0.2 |
 BSVN | $438M | 10.1 | 3.3 | 10.6 | 70.2% | 41.4% | 18.6% | 18.3% | — |
 FMNB | $556M | 9.8 | 13.9 | 10.7 | 63.8% | 23.9% | 12.2% | 5.9% | 5.7 |
 HONE | $522M | 18.3 | 20.8 | 200.7 | 50.9% | 10.9% | 4.7% | 2.3% | 13.3 |
 CFFI | $255M | 9.5 | 10.8 | 11.5 | 69.5% | 17.8% | 11.0% | 6.8% | 3.5 |
 FBIZ | $503M | 10.0 | 12.1 | 8.2 | 57.3% | 21.6% | 14.4% | 7.0% | 4.3 |
| 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 · 27 years · Updated daily
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LCNB — Frequently Asked Questions
Quick answers to the most common questions about buying LCNB stock.
What is LCNB Corp.'s P/E ratio?
LCNB Corp.'s current P/E ratio is 10.5x. The historical average is 13.8x. This places it at the 19th percentile of its historical range.
What is LCNB Corp.'s EV/EBITDA?
LCNB Corp.'s current EV/EBITDA is 12.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
What is LCNB Corp.'s ROE?
LCNB Corp.'s return on equity (ROE) is 8.8%. The historical average is 10.3%.
Is LCNB stock overvalued?
Based on historical data, LCNB Corp. is trading at a P/E of 10.5x. This is at the 19th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is LCNB Corp.'s dividend yield?
LCNB Corp.'s current dividend yield is 5.15% with a payout ratio of 53.9%.
What are LCNB Corp.'s profit margins?
LCNB Corp. has 72.3% gross margin and 22.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does LCNB Corp. have?
LCNB Corp.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.