Latest Ratios: P/E Ratio 9.6x · EV/EBITDA 5.3x · ROE 7.3%. (2004–2025 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $157M | $156M | $138M | $187M | $207M | $186M | $137M | $190M | $113M | $80M | $60M |
| Enterprise Value | $201M | $199M | $163M | $221M | $330M | $153M | $76M | $191M | $140M | $111M | $97M |
| P/E Ratio → | 9.58 | 11.57 | — | 7.63 | 8.43 | 9.28 | 9.14 | 13.61 | 12.36 | 20.60 | 15.54 |
| P/S Ratio | 2.11 | 2.11 | 2.09 | 2.33 | 2.75 | 3.12 | 2.57 | 4.28 | 3.30 | 3.36 | 3.02 |
| P/B Ratio | 0.77 | 0.71 | 0.66 | 0.84 | 1.04 | 0.98 | 0.82 | 1.38 | 0.94 | 1.16 | 1.30 |
| P/FCF | 14.79 | 14.65 | 15.38 | 7.28 | 8.03 | 7.49 | 8.74 | 12.09 | 10.12 | 18.76 | 11.33 |
| P/OCF | 10.63 | 10.52 | 9.34 | 5.90 | 6.17 | 6.38 | 8.08 | 11.37 | 9.01 | 11.85 | 10.22 |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.70 | 2.48 | 2.76 | 4.39 | 2.57 | 1.43 | 4.32 | 4.08 | 4.67 | 4.86 |
| EV / EBITDA | 5.31 | 8.29 | — | 6.21 | 9.18 | 5.06 | 3.52 | 9.99 | 10.82 | 14.73 | 14.82 |
| EV / EBIT | 10.52 | 10.44 | — | 6.72 | 9.89 | 5.49 | 3.91 | 11.05 | 12.42 | 17.82 | 17.81 |
| EV / FCF | — | 18.74 | 18.23 | 8.61 | 12.82 | 6.18 | 4.86 | 12.18 | 12.52 | 26.06 | 18.26 |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.1% | 100.1% | 89.7% | 97.9% | 96.8% | 102.0% | 93.2% | 96.3% | 90.9% | 92.0% | 96.8% |
| Operating Margin | 25.9% | 25.9% | -21.1% | 41.0% | 44.3% | 46.9% | 36.6% | 39.1% | 32.8% | 26.2% | 27.3% |
| Net Profit Margin | 21.1% | 21.1% | -15.2% | 33.2% | 35.4% | 37.2% | 29.4% | 31.5% | 26.8% | 16.4% | 19.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 7.3% | -4.6% | 12.7% | 13.8% | 12.4% | 10.3% | 10.8% | 9.7% | 6.7% | 8.8% |
| ROA | 0.7% | 0.7% | -0.5% | 1.3% | 1.5% | 1.3% | 1.1% | 1.2% | 1.0% | 0.6% | 0.7% |
| ROIC | 5.0% | 5.0% | -3.5% | 7.2% | 8.5% | 10.5% | 7.8% | 7.1% | 5.4% | 3.9% | 4.3% |
| ROCE | 6.0% | 6.0% | -4.2% | 8.8% | 10.3% | 12.7% | 9.5% | 8.9% | 7.0% | 5.1% | 5.6% |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.35 | 0.40 | 0.87 | 0.16 | 0.09 | 0.40 | 0.45 | 1.00 | 1.17 |
| Debt / EBITDA | 2.91 | 2.91 | — | 2.46 | 4.79 | 0.97 | 0.68 | 2.86 | 4.22 | 9.11 | 8.25 |
| Net Debt / Equity | — | 0.20 | 0.12 | 0.15 | 0.62 | -0.17 | -0.36 | 0.01 | 0.22 | 0.45 | 0.80 |
| Net Debt / EBITDA | 1.81 | 1.81 | — | 0.96 | 3.43 | -1.07 | -2.82 | 0.07 | 2.07 | 4.13 | 5.62 |
| Debt / FCF | — | 4.09 | 2.85 | 1.33 | 4.79 | -1.31 | -3.88 | 0.09 | 2.40 | 7.30 | 6.92 |
| Interest Coverage | 0.31 | 0.31 | -0.19 | 0.69 | 2.50 | 2.62 | 1.22 | 0.89 | 0.89 | 1.14 | 1.78 |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.02 | 0.02 | 0.03 | 0.07 | 0.08 | 0.12 | 0.16 | 0.14 | 0.10 | 0.14 | 0.12 |
| Quick Ratio | 0.02 | 0.02 | 0.03 | 0.07 | 0.08 | 0.12 | 0.16 | 0.14 | 0.10 | 0.14 | 0.12 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.03 | 0.06 | 0.04 |
| Asset Turnover | — | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 2.0% | 2.2% | 1.6% | 0.9% | 1.2% | 0.5% | — | — | — | — |
| Payout Ratio | 19.5% | 19.5% | — | 11.3% | 7.1% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.4% | 8.6% | — | 13.1% | 11.9% | 10.8% | 10.9% | 7.3% | 8.1% | 4.9% | 6.4% |
| FCF Yield | 6.8% | 6.8% | 6.5% | 13.7% | 12.4% | 13.4% | 11.4% | 8.3% | 9.9% | 5.3% | 8.8% |
| Buyback Yield | 2.8% | 2.8% | 0.5% | 0.0% | 3.3% | 0.0% | 10.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.6% | 4.7% | 2.7% | 1.6% | 4.3% | 1.2% | 10.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $7M | $5M | $4M |
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying MNSB stock.
MainStreet Bancshares, Inc.'s current P/E ratio is 9.6x. The historical average is 22.0x. This places it at the 27th percentile of its historical range.
MainStreet Bancshares, Inc.'s current EV/EBITDA is 5.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.9x.
MainStreet Bancshares, Inc.'s return on equity (ROE) is 7.3%. The historical average is 4.4%.
Based on historical data, MainStreet Bancshares, Inc. is trading at a P/E of 9.6x. This is at the 27th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
MainStreet Bancshares, Inc.'s current dividend yield is 1.80% with a payout ratio of 19.5%.
MainStreet Bancshares, Inc. has 100.1% gross margin and 25.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
MainStreet Bancshares, Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Thin fee base and spread dependence
Metrics are mathematically derived from official filings.
Discount to Book Reflects Earnings Doubt
Based on MNSB's reported figures, the stock trades at 0.77 times book value with a 12.56 trailing P/E, a combination that suggests the market is pricing the bank below the value of its equity base despite recent earnings recovery.
A price-to-book ratio below 1.0 implies the market expects return on tangible equity to fall short of the cost of equity, which is difficult to reconcile with a trailing ROE that has recovered to roughly 2.2% in 2026Q2. The 12.56 trailing P/E paired with a 10.58 forward P/E implies modest expected earnings growth, but investors should monitor whether sustained ROE in the low single digits justifies the book value discount. The gap versus peers trading at 1.02 to 1.54 times book suggests the market is applying a meaningful franchise discount to MNSB relative to its regional bank group.
ROE Recovery Rests on Thin Margins
As reported in financial statements, MNSB's ROE climbed from a negative 7.4% in 2024Q4 to 2.2% in 2026Q2, but a return near 2% sits well below the 11% to 27% range of its peers.
DuPont decomposition shows the ROE recovery is driven almost entirely by an improving efficiency ratio, which fell from 95.8% to 37.5%, while the ROA of roughly 0.2% and NIM of roughly 0.8% remain structurally thin. With equity to assets near 0.10, leverage amplifies a weak asset return into a low single-digit ROE rather than generating a premium return. Investors should monitor whether the fee income share of 1.3% to 3.0% can grow enough to lift non-interest contribution, since the current mix offers little diversification against spread compression.
Flat Margin Masks Cost Discipline Gains
Based on MNSB's reported figures, NIM has held in a narrow 0.7% to 0.9% band across ten quarters while the efficiency ratio improved from 42.2% in 2025Q1 to 37.5% in 2026Q2.
A flat NIM indicates that funding cost increases have offset asset repricing, leaving no clear funding advantage for the bank. The efficiency ratio improvement therefore appears to reflect expense control and revenue recovery rather than margin expansion, which may be less durable if net interest income growth stalls. The 2024Q4 efficiency spike to 95.8% reflects a loss quarter rather than an operating trend, so the recent 37% to 42% range is the more relevant baseline for assessing operating leverage.
Equity Ratio Stable but Regulatory Capital Unclear
Per the reported figures, the equity-to-assets ratio has stayed near 0.10 across all ten quarters, but CET1 and Tier 1 leverage ratios are not disclosed in the supplied data, limiting direct assessment of capital headroom.
A stable equity-to-assets ratio near 0.10 suggests capital has been broadly maintained relative to the asset base, with book value per share rising from roughly 27.25 to 29.25 over the period. Without CET1, Tier 1, or total capital ratios, capacity for capital return cannot be benchmarked against regulatory minimums, and investors should treat the dividend and buyback capacity as unverified. Buybacks totaling $11.1M in the two most recent quarters warrant further investigation against the capital position that the supplied data does not show.
Tangible Book Value Overstates Earnings Power
Based on MNSB's reported figures, the rising book value per share from 27.25 to 29.25 may look like steady value creation, yet a 2% ROE means that growth in book value is not translating into meaningful shareholder returns.
The most commonly misapplied metric here is book value growth as a proxy for value creation, since at sub-3% ROE the retained equity build of roughly $10M over ten quarters adds little economic value relative to the market price. Price-to-book alone obscures this, and return on tangible equity relative to cost of equity is the more informative alternative. Investors should weigh the 0.77 price-to-book discount against whether sustained ROE can rise toward peer levels rather than assuming book value alone provides a margin of safety.