Latest Ratios: P/E Ratio 773.2x · EV/EBITDA 58.6x · ROE 0.1%. (1999–2025 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 | $639M | $459M | $484M | $549M | $730M | $788M | $602M | $800M | $638M | $801M | $913M |
| Enterprise Value | $1.5B | $1.3B | $1.1B | $1.2B | $1.4B | $1.2B | $1.1B | $1.6B | $969M | $1.2B | $1.3B |
| P/E Ratio → | 773.23 | 577.27 | 16.14 | 14.63 | 11.92 | 11.14 | 16.22 | 19.95 | 15.94 | 32.23 | 35.04 |
| P/S Ratio | 8.82 | 6.33 | 3.78 | 4.02 | 4.39 | 4.63 | 4.26 | 6.32 | 5.35 | 6.64 | 8.05 |
| P/B Ratio | 0.89 | 0.67 | 0.69 | 0.78 | 1.04 | 1.06 | 0.80 | 1.15 | 0.96 | 1.25 | 1.47 |
| P/FCF | 12.17 | 8.74 | 16.15 | 12.66 | 9.04 | 12.48 | 11.53 | 16.83 | 12.79 | 19.27 | 24.83 |
| P/OCF | 11.91 | 8.55 | 15.55 | 11.69 | 8.77 | 12.17 | 10.89 | 15.64 | 12.09 | 18.35 | 24.22 |
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 | — | 17.74 | 8.41 | 8.65 | 8.23 | 6.81 | 8.13 | 12.27 | 8.12 | 10.07 | 11.38 |
| EV / EBITDA | 58.64 | 51.44 | 22.05 | 19.58 | 14.68 | 10.97 | 19.56 | 25.08 | 18.27 | 21.94 | 29.43 |
| EV / EBIT | 86.03 | 75.47 | 26.57 | 22.81 | 16.14 | 11.93 | 22.96 | 29.29 | 19.50 | 23.47 | 32.42 |
| EV / FCF | — | 24.49 | 35.93 | 27.23 | 16.95 | 18.35 | 22.02 | 32.68 | 19.42 | 29.22 | 35.09 |
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 | 35.3% | 35.3% | 49.1% | 61.5% | 86.8% | 94.2% | 71.6% | 70.3% | 75.1% | 82.4% | 83.5% |
| Operating Margin | 9.3% | 9.3% | 16.1% | 23.5% | 45.2% | 52.0% | 27.9% | 29.5% | 32.0% | 35.8% | 29.5% |
| Net Profit Margin | 0.4% | 0.4% | 11.9% | 17.1% | 32.6% | 37.8% | 20.6% | 22.4% | 25.8% | 17.1% | 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 | 0.1% | 0.1% | 4.3% | 5.4% | 8.5% | 9.5% | 5.1% | 5.9% | 6.1% | 3.9% | 4.4% |
| ROA | 0.0% | 0.0% | 0.5% | 0.7% | 1.1% | 1.3% | 0.7% | 0.9% | 1.0% | 0.6% | 0.7% |
| ROIC | 0.8% | 0.8% | 2.0% | 2.6% | 4.9% | 5.6% | 2.5% | 3.0% | 3.4% | 3.5% | 2.7% |
| ROCE | 1.0% | 1.0% | 2.5% | 3.4% | 6.6% | 7.7% | 3.5% | 4.0% | 4.5% | 4.7% | 3.7% |
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 | 1.44 | 1.44 | 1.08 | 1.23 | 0.98 | 0.62 | 0.84 | 1.29 | 0.61 | 0.74 | 0.76 |
| Debt / EBITDA | 39.64 | 39.64 | 15.58 | 14.28 | 7.34 | 4.37 | 10.81 | 14.55 | 7.71 | 8.52 | 10.80 |
| Net Debt / Equity | — | 1.20 | 0.84 | 0.90 | 0.91 | 0.50 | 0.73 | 1.08 | 0.50 | 0.65 | 0.61 |
| Net Debt / EBITDA | 33.08 | 33.08 | 12.14 | 10.48 | 6.85 | 3.51 | 9.32 | 12.16 | 6.24 | 7.47 | 8.60 |
| Debt / FCF | — | 15.75 | 19.78 | 14.57 | 7.91 | 5.87 | 10.49 | 15.85 | 6.63 | 9.95 | 10.26 |
| Interest Coverage | 0.15 | 0.15 | 0.33 | 0.62 | 3.97 | 5.83 | 1.30 | 0.99 | 1.38 | 2.16 | 1.84 |
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 | 0.23 | 0.23 | 0.31 | 0.27 | 0.24 | 0.31 | 0.33 | 0.37 | 0.27 | 0.20 | 0.22 |
| Quick Ratio | 0.23 | 0.23 | 0.31 | 0.27 | 0.24 | 0.31 | 0.33 | 0.37 | 0.27 | 0.20 | 0.22 |
| Cash Ratio | 0.04 | 0.04 | 0.04 | 0.06 | 0.01 | 0.02 | 0.02 | 0.04 | 0.02 | 0.02 | 0.03 |
| Asset Turnover | — | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.4% | 4.6% | 4.5% | 4.2% | 3.3% | 3.1% | 3.6% | 2.5% | 2.9% | 2.0% | 1.5% |
| Payout Ratio | 2657.3% | 2657.3% | 72.9% | 60.5% | 39.5% | 34.4% | 58.1% | 50.2% | 46.6% | 63.2% | 53.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.2% | 6.2% | 6.8% | 8.4% | 9.0% | 6.2% | 5.0% | 6.3% | 3.1% | 2.9% |
| FCF Yield | 8.2% | 11.4% | 6.2% | 7.9% | 11.1% | 8.0% | 8.7% | 5.9% | 7.8% | 5.2% | 4.0% |
| Buyback Yield | 2.4% | 3.3% | 3.9% | 6.8% | 4.2% | 6.8% | 1.7% | 2.0% | 0.0% | 0.0% | 0.2% |
| Total Shareholder Yield | 5.8% | 7.9% | 8.4% | 10.9% | 7.5% | 9.9% | 5.3% | 4.5% | 2.9% | 2.0% | 1.8% |
| Shares Outstanding | — | $40M | $42M | $44M | $46M | $49M | $49M | $47M | $47M | $47M | $46M |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying NFBK stock.
Northfield Bancorp, Inc.'s current P/E ratio is 773.2x. The historical average is 25.3x. This places it at the 100th percentile of its historical range.
Northfield Bancorp, Inc.'s current EV/EBITDA is 58.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.6x.
Northfield Bancorp, Inc.'s return on equity (ROE) is 0.1%. The historical average is 5.2%.
Based on historical data, Northfield Bancorp, Inc. is trading at a P/E of 773.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Northfield Bancorp, Inc.'s current dividend yield is 3.44% with a payout ratio of 2657.3%.
Northfield Bancorp, Inc. has 35.3% gross margin and 9.3% operating margin.
Northfield Bancorp, Inc.'s Debt/EBITDA ratio is 39.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Multifamily credit concentration
Metrics are mathematically derived from official filings.
Discount to Tangible Book
NFBK trades at 0.89x P/B, a discount to peers like DCOM at 1.22x, implying the market prices in lower returns or higher risk. According to recent filings, tangible book value per share reached $17.40 in 2026Q1.
The P/B discount appears to reflect the market's skepticism about the sustainability of NFBK's earnings power, given the compressed NIM and the 2025Q4 loss. The forward P/E of 11.34 suggests the market expects a recovery, but the current P/B implies a return on tangible equity below the cost of equity. Investors should monitor whether the discount narrows as the bank demonstrates stable profitability.
ROE Trapped by Thin Spreads
ROE averaged 1.2% over the last four quarters, with NIM stuck at 0.6%, as reported in financial statements, indicating severe spread compression. The efficiency ratio spiked to 91.5% in 2025Q4, reflecting a loss of operating leverage.
The DuPont decomposition shows that NFBK's ROE is constrained by a very low NIM, which is only partially offset by a modest efficiency ratio (excluding the 2025Q4 spike). The bank's leverage (equity/assets at 12%) is typical for a thrift, but the asset yield is insufficient to cover funding costs and operating expenses. The 2025Q4 loss likely included a provision or write-down, but even normalized quarters show ROE below 2%, which is inadequate to support a premium valuation.
NIM Stagnant, Efficiency Volatile
Net interest margin has remained at 0.6% for four consecutive quarters, as per company filings, reflecting slow asset repricing and rising deposit costs. The efficiency ratio, excluding the 2025Q4 anomaly, has been stable around 34%, but the 91.5% spike signals vulnerability.
The persistent NIM compression suggests that NFBK's asset yields are not keeping pace with funding costs, likely due to a long-duration multifamily portfolio and rising deposit betas. The efficiency ratio's volatility indicates that the bank's cost base is not well-aligned with revenue fluctuations, making earnings highly sensitive to NIM changes. Management's ability to control deposit costs will be critical to restoring margin stability.
Thin Equity Buffer
Equity to assets ratio has held at 12% over the past year, as per balance sheet data, indicating a modest capital buffer relative to peers. Tangible book value per share rose to $17.40 in 2026Q1, but AOCI losses may be eroding economic capital.
While the regulatory capital ratios are not disclosed in the provided data, the equity/assets ratio of 12% is lower than the peer average, suggesting limited capacity for capital return. The reported debt/equity of 1.44 may indicate reliance on wholesale funding, which could be costly in the current rate environment. Investors should monitor whether AOCI losses are reducing tangible common equity, as this would further constrain capital flexibility.
Provisions Contained, Risks Loom
Provision for loan losses averaged $1.3 million per quarter over the last five quarters, as reported in financial statements, suggesting stable credit conditions. However, the heavy concentration in multifamily loans in NYC outer boroughs warrants close monitoring.
The low provision levels may indicate that credit quality has not yet deteriorated, but the bank's exposure to rent-regulated multifamily properties could be a source of future stress if vacancy rates rise or regulatory changes impair cash flows. The 2025Q4 loss may have included a reserve build, but the subsequent quarters show no significant increase in provisions. Investors should watch for any uptick in non-performing loans or charge-offs in this segment.
P/E Misleads on Earnings Power
The trailing P/E of 773.23 is distorted by the 2025Q4 loss, while the forward P/E of 11.34 may overstate recovery prospects. As noted in accounting nuances, AOCI unrealized losses can erode tangible equity without affecting net income.
For banks, P/E is often misleading due to provision volatility and one-time items. NFBK's trailing P/E is meaningless given the near-zero earnings, and the forward P/E assumes a normalization that may not materialize if NIM remains depressed. A better metric is P/TBV, which currently stands at 0.89x, but this too can be distorted if AOCI losses are not fully reflected. Analysts should adjust tangible book value for unrealized securities losses to assess the true economic value.