Latest Ratios: P/E Ratio 1005.8x · EV/EBITDA 190.4x · ROE 0.1%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $46M | $28M | $10M | $11M | $12M | $12M | — | — |
| Enterprise Value | $58M | $40M | $20M | $12M | $8M | $18M | — | — |
| P/E Ratio → | 1005.84 | 646.75 | — | 6.33 | 9.33 | 8.72 | — | — |
| P/S Ratio | 4.44 | 2.67 | 0.96 | 1.02 | 1.51 | 1.44 | — | — |
| P/B Ratio | 0.94 | 0.60 | 0.31 | 0.34 | 0.40 | 0.40 | — | — |
| P/FCF | 36.00 | 21.68 | — | 5.47 | 15.66 | 12.69 | — | — |
| P/OCF | 31.55 | 19.00 | 23.39 | 5.29 | 15.01 | 11.60 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.89 | 1.93 | 1.22 | 0.98 | 2.21 | — | — |
| EV / EBITDA | 190.35 | 130.92 | — | 5.38 | 4.05 | 8.89 | — | — |
| EV / EBIT | 5346.84 | 3677.52 | — | 5.90 | 4.53 | 9.88 | — | — |
| EV / FCF | — | 31.55 | — | 6.49 | 10.14 | 19.39 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.8% | 66.8% | 66.5% | 77.8% | 88.4% | 86.8% | 78.0% | 120.4% |
| Operating Margin | 0.1% | 0.1% | -2.4% | 20.6% | 21.6% | 22.3% | 7.4% | 6.8% |
| Net Profit Margin | 0.4% | 0.4% | -1.8% | 16.3% | 16.3% | 16.6% | 6.1% | 20.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 0.1% | 0.1% | -0.6% | 5.4% | 4.4% | 5.4% | 2.0% | 6.6% |
| ROA | 0.0% | 0.0% | -0.1% | 0.7% | 0.6% | 0.7% | 0.3% | 0.9% |
| ROIC | 0.0% | 0.0% | -0.4% | 4.5% | 3.7% | 3.7% | 1.4% | 1.7% |
| ROCE | 0.0% | 0.0% | -0.6% | 5.7% | 5.6% | 6.0% | 0.7% | 0.4% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.33 | 0.33 | 0.42 | 0.26 | — | 0.35 | 0.69 | — |
| Debt / EBITDA | 49.04 | 49.04 | — | 3.45 | — | 5.04 | 21.12 | — |
| Net Debt / Equity | — | 0.27 | 0.31 | 0.06 | -0.14 | 0.21 | 0.42 | -0.13 |
| Net Debt / EBITDA | 40.93 | 40.93 | — | 0.85 | -2.20 | 3.07 | 12.96 | -4.33 |
| Debt / FCF | — | 9.86 | — | 1.02 | -5.51 | 6.70 | 11.42 | — |
| Interest Coverage | 0.00 | 0.00 | -0.07 | 0.93 | 1.87 | 1.70 | 0.37 | 30.15 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.03 | 0.03 | 0.06 | 0.08 | 0.08 | 0.09 | 0.15 | 0.12 |
| Quick Ratio | 0.03 | 0.03 | 0.06 | 0.08 | 0.08 | 0.09 | 0.15 | 0.12 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.03 | 0.02 | 0.02 | 0.04 | 0.07 |
| Asset Turnover | — | 0.04 | 0.05 | 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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.2% | — | 15.8% | 10.7% | 11.5% | — | — |
| FCF Yield | 2.8% | 4.6% | — | 18.3% | 6.4% | 7.9% | — | — |
| Buyback Yield | 0.2% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.2% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $3M | $1M | $2M | $2M | $2M | $2M | $2M |
High Operating Expense Ratio
According to current market data, MBBC trades at a P/B of 0.94, suggesting that investors are pricing the bank at a discount to its tangible book value due to the persistent lack of meaningful earnings power and the inherent complexities of its MHC ownership structure.
The valuation multiple appears to reflect a market skepticism regarding the bank's ability to convert its asset base into sustainable ROE. Given the P/E ratio exceeding 1000x, it is evident that the market is not valuing MBBC on current earnings, but rather as a speculative play on future operational efficiency or potential consolidation.
Based on the reported financial figures, MBBC's ROE has struggled to consistently exceed 1.0% throughout 2026, indicating that the bank's profitability is severely hampered by an inability to translate its interest-earning assets into bottom-line growth while maintaining a high fixed-cost structure.
The DuPont decomposition suggests that the bank's profitability is currently driven by thin margins rather than leverage or asset utilization. Investors should monitor whether the bank can improve its net margin, as the current level of profitability remains insufficient to justify a premium valuation relative to its regional peers.
As reported in recent quarterly filings, MBBC's NIM has remained stagnant at 0.8% throughout 2026, which suggests that the bank is facing significant funding cost pressures that continue to offset the potential benefits of its recent loan volume growth and asset repricing efforts.
The efficiency ratio, while showing some improvement to 52.3% in 2026Q3, remains volatile and suggests that the bank has not yet achieved the necessary scale to effectively leverage its fixed-cost base. This structural inefficiency warrants further investigation into whether the bank's current branch footprint is sustainable given its revenue generation.
Based on the latest quarterly data, the equity-to-assets ratio has remained stable at 0.19 throughout 2026, indicating that Marathon Bancorp maintains a solid capital buffer relative to its asset base, which may provide necessary protection against potential volatility in its large securities portfolio.
This conservative capital stance appears to prioritize solvency over aggressive growth, which is consistent with the bank's MHC structure. While this provides a safety net, it also suggests that the bank may be under-utilizing its capital, potentially limiting its long-term return on equity for minority shareholders.
The most commonly misapplied metric for MBBC is the P/E ratio, which, at over 1000x, obscures the bank's true valuation by failing to account for the non-cash provision volatility and the early-stage nature of its operational scaling since its 2020 inception.
Investors should instead focus on the Price-to-Tangible Book Value (P/TBV) ratio, as it provides a more stable anchor for valuation in a bank that is currently in a transition phase. Relying on P/E in this context may lead to erroneous conclusions about the bank's fundamental value, as it ignores the significant impact of non-operating expenses on reported net income.
Includes 30+ ratios · 7 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MBBC stock.
Marathon Bancorp, Inc.'s current P/E ratio is 1005.8x. The historical average is 8.1x. This places it at the 100th percentile of its historical range.
Marathon Bancorp, Inc.'s current EV/EBITDA is 190.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
Marathon Bancorp, Inc.'s return on equity (ROE) is 0.1%. The historical average is 3.3%.
Based on historical data, Marathon Bancorp, Inc. is trading at a P/E of 1005.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Marathon Bancorp, Inc. has 66.8% gross margin and 0.1% operating margin.
Marathon Bancorp, Inc.'s Debt/EBITDA ratio is 49.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.