Northwest Bancshares, Inc. (NWBI) Financial Ratios
31 years of historical data (1995–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
13.79
↑+30% vs avg
5yr avg: 10.65
30Y Low4.4·High25.6
P/FCF
↑
14.52
+13% vs avg
5yr avg: 12.90
30Y Low8.5·High40.7
P/B Ratio
↓
1.09
+3% vs avg
5yr avg: 1.06
30Y Low0.9·High3.4
ROE
↓
7.2%
-12% vs avg
5yr avg: 8.2%
30Y Low3%·High12%
Debt/EBITDA
↑
2.71
↓-15% vs avg
5yr avg: 3.18
30Y Low1.5·High18.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NWBI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Northwest Bancshares, Inc. trades at 15.3x earnings, 15% above its 5-year average of 13.3x, sitting at the 20th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 14%. On a free-cash-flow basis, the stock trades at 14.5x P/FCF, 13% above the 5-year average of 12.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $1.8B | $1.7B | $1.6B | $1.8B | $1.8B | $1.5B | $1.8B | $1.8B | $1.7B | $1.8B |
| Enterprise Value | $2.3B | $2.0B | $1.8B | $2.1B | $2.6B | $911M | $1.2B | $2.1B | $2.0B | $1.9B | $1.7B |
| P/E Ratio → | 15.30 | 13.04 | 16.70 | 11.77 | 13.31 | 11.70 | 20.55 | 15.99 | 16.61 | 18.18 | 36.80 |
| P/S Ratio | 2.35 | 2.01 | 2.22 | 2.26 | 3.18 | 3.37 | 2.72 | 3.42 | 3.77 | 3.68 | 4.24 |
| P/B Ratio | 1.09 | 0.93 | 1.05 | 1.02 | 1.19 | 1.14 | 1.00 | 1.30 | 1.40 | 1.42 | 1.55 |
| P/FCF | 14.52 | 12.42 | 13.36 | 18.79 | 10.35 | 9.57 | 11.95 | 15.10 | 13.12 | 11.59 | 15.06 |
| P/OCF | 13.42 | 11.48 | 13.11 | 17.06 | 10.10 | 8.75 | 10.91 | 13.81 | 12.63 | 11.30 | 13.37 |
P/E links to full P/E history page with 30-year chart
NWBI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Northwest Bancshares, Inc.'s enterprise value stands at 13.8x EBITDA, 30% above its 5-year average of 10.6x. The Financial Services sector median is 11.5x, placing the stock at a 20% 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 | — | 2.25 | 2.43 | 3.01 | 4.58 | 1.71 | 2.14 | 4.02 | 4.37 | 3.98 | 3.92 |
| EV / EBITDA | 13.79 | 11.97 | 12.13 | 10.55 | 14.19 | 4.38 | 12.41 | 14.26 | 14.30 | 12.37 | 19.36 |
| EV / EBIT | 13.79 | 11.97 | 14.13 | 12.02 | 14.72 | 4.53 | 13.05 | 14.65 | 15.17 | 13.67 | 23.55 |
| EV / FCF | — | 13.92 | 14.60 | 24.97 | 14.94 | 4.85 | 9.42 | 17.74 | 15.20 | 12.55 | 13.94 |
NWBI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Northwest Bancshares, Inc. earns an operating margin of 18.8%, below the Financial Services sector average of 21.4%. Operating margins have compressed from 25.0% to 18.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.2% is modest, trailing the sector median of 9.5%. ROIC of 5.6% represents adequate 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 | 68.3% | 68.3% | 65.8% | 75.0% | 89.9% | 97.9% | 77.6% | 84.5% | 87.6% | 89.7% | 87.9% |
| Operating Margin | 18.8% | 18.8% | 17.2% | 25.0% | 31.1% | 37.7% | 16.4% | 27.4% | 28.8% | 29.1% | 16.6% |
| Net Profit Margin | 14.4% | 14.4% | 13.3% | 19.3% | 24.0% | 28.9% | 13.3% | 21.5% | 22.7% | 20.3% | 11.6% |
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 | 7.2% | 7.2% | 6.4% | 8.9% | 8.7% | 9.9% | 5.2% | 8.5% | 8.6% | 7.9% | 4.3% |
| ROA | 0.8% | 0.8% | 0.7% | 0.9% | 0.9% | 1.1% | 0.6% | 1.1% | 1.1% | 1.0% | 0.5% |
| ROIC | 5.6% | 5.6% | 4.6% | 5.7% | 5.9% | 7.7% | 3.8% | 6.4% | 6.6% | 7.1% | 2.9% |
| ROCE | 6.8% | 6.8% | 6.3% | 8.8% | 8.6% | 9.7% | 4.8% | 8.6% | 9.2% | 9.0% | 3.7% |
NWBI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Northwest Bancshares, Inc. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (34% below the sector average of 4.1x). Net debt stands at $213M ($446M total debt minus $234M cash). Interest coverage of just 0.7x 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 | 0.24 | 0.24 | 0.28 | 0.41 | 0.62 | 0.25 | 0.27 | 0.27 | 0.27 | 0.18 | 0.22 |
| Debt / EBITDA | 2.71 | 2.71 | 2.95 | 3.22 | 5.13 | 1.89 | 4.23 | 2.54 | 2.43 | 1.46 | 2.93 |
| Net Debt / Equity | — | 0.11 | 0.10 | 0.34 | 0.53 | -0.56 | -0.21 | 0.23 | 0.22 | 0.12 | -0.12 |
| Net Debt / EBITDA | 1.29 | 1.29 | 1.04 | 2.61 | 4.36 | -4.27 | -3.34 | 2.12 | 1.95 | 0.94 | -1.57 |
| Debt / FCF | — | 1.50 | 1.25 | 6.17 | 4.59 | -4.72 | -2.53 | 2.64 | 2.07 | 0.96 | -1.13 |
| Interest Coverage | 0.73 | 0.73 | 0.55 | 1.15 | 6.18 | 7.38 | 2.19 | 2.48 | 3.61 | 4.84 | 1.86 |
NWBI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.13x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.13 | 0.13 | 0.12 | 0.10 | 0.11 | 0.23 | 0.18 | 0.10 | 0.11 | 0.11 | 0.15 |
| Quick Ratio | 0.13 | 0.13 | 0.12 | 0.10 | 0.11 | 0.23 | 0.18 | 0.10 | 0.11 | 0.11 | 0.15 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.10 | 0.06 | 0.01 | 0.01 | 0.01 | 0.05 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
NWBI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Northwest Bancshares, Inc. returns 5.3% to shareholders annually primarily through dividends. The payout ratio of 87.2% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 6.5% (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 | 5.3% | 6.2% | 6.1% | 6.4% | 5.7% | 5.6% | 6.1% | 4.3% | 4.0% | 3.8% | 3.3% |
| Payout Ratio | 87.2% | 87.2% | 101.6% | 75.3% | 75.9% | 65.0% | 124.4% | 69.0% | 66.3% | 69.0% | 121.1% |
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 | 6.5% | 7.7% | 6.0% | 8.5% | 7.5% | 8.5% | 4.9% | 6.3% | 6.0% | 5.5% | 2.7% |
| FCF Yield | 6.9% | 8.1% | 7.5% | 5.3% | 9.7% | 10.5% | 8.4% | 6.6% | 7.6% | 8.6% | 6.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% | 0.6% | 0.0% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 5.3% | 6.2% | 6.1% | 6.4% | 5.7% | 6.9% | 6.7% | 4.3% | 4.0% | 3.8% | 3.4% |
| Shares Outstanding | — | $147M | $127M | $127M | $127M | $127M | $120M | $106M | $104M | $103M | $101M |
Peer Comparison
Compare NWBI 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 |
|---|---|---|---|---|---|---|---|---|---|
 NWBIYou | $2B | 15.3 | 13.8 | 14.5 | 68.3% | 18.8% | 7.2% | 5.6% | 2.7 |
 FULT | $4B | 10.5 | 9.9 | 14.7 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 NBTB | $2B | 13.6 | 10.4 | 10.8 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 TRMK | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 WSBC | $3B | 15.2 | 15.3 | 11.8 | 62.9% | 19.7% | 6.5% | 4.3% | 5.3 |
 CNOB | $2B | 20.4 | 23.0 | 15.0 | 44.2% | 18.6% | 5.7% | 3.5% | 10.4 |
 CHMG | $322M | 21.4 | 15.3 | 159.2 | 64.2% | 14.2% | 6.4% | 5.0% | 0.2 |
 CZWI | $203M | 14.4 | 15.2 | 19.5 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 FUNC | $244M | 11.9 | 11.4 | 12.0 | 68.8% | 24.4% | 12.1% | 5.9% | 6.1 |
 PFIS | $589M | 10.0 | 10.9 | 13.6 | 66.6% | 25.7% | 12.0% | 7.7% | 3.6 |
 FIS | $24B | 61.3 | 7.5 | 9.7 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
| Financial Services Median | — | 13.4 | 11.5 | 10.7 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonNWBI — Frequently Asked Questions
Quick answers to the most common questions about buying NWBI stock.
What is Northwest Bancshares, Inc.'s P/E ratio?
Northwest Bancshares, Inc.'s current P/E ratio is 15.3x. The historical average is 21.0x. This places it at the 20th percentile of its historical range.
What is Northwest Bancshares, Inc.'s EV/EBITDA?
Northwest Bancshares, Inc.'s current EV/EBITDA is 13.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
What is Northwest Bancshares, Inc.'s ROE?
Northwest Bancshares, Inc.'s return on equity (ROE) is 7.2%. The historical average is 7.7%.
Is NWBI stock overvalued?
Based on historical data, Northwest Bancshares, Inc. is trading at a P/E of 15.3x. This is at the 20th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Northwest Bancshares, Inc.'s dividend yield?
Northwest Bancshares, Inc.'s current dividend yield is 5.32% with a payout ratio of 87.2%.
What are Northwest Bancshares, Inc.'s profit margins?
Northwest Bancshares, Inc. has 68.3% gross margin and 18.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Northwest Bancshares, Inc. have?
Northwest Bancshares, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.