Latest Ratios: P/E Ratio 21.4x · EV/EBITDA 13.7x · ROE 6.3%. (2016–2025 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 | $1.6B | $1.2B | $1.0B | $1.1B | $982M | $1.0B | $653M | $896M | $756M | — | — |
| Enterprise Value | $1.6B | $1.1B | $741M | $1.1B | $1.5B | $775M | $1.4B | $1.0B | $1.1B | — | — |
| P/E Ratio → | 21.41 | 15.67 | 13.59 | 13.13 | 11.19 | 9.33 | 17.92 | 16.60 | 15.49 | — | — |
| P/S Ratio | 2.65 | 1.95 | 1.68 | 1.91 | 2.60 | 3.49 | 2.28 | 3.33 | 3.35 | — | — |
| P/B Ratio | 1.28 | 0.94 | 0.91 | 1.04 | 1.03 | 1.39 | 1.01 | 1.49 | 1.38 | — | — |
| P/FCF | 10.51 | 7.74 | 12.02 | 10.67 | 7.16 | 6.09 | — | 17.77 | 10.46 | — | — |
| P/OCF | 9.99 | 7.35 | 9.58 | 8.47 | 6.74 | 5.91 | 736.11 | 14.55 | 9.72 | — | — |
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 | — | 1.89 | 1.20 | 1.90 | 3.88 | 2.67 | 4.94 | 3.83 | 4.85 | — | — |
| EV / EBITDA | 13.67 | 9.97 | 6.50 | 8.88 | 12.23 | 5.56 | 27.67 | 14.08 | 16.02 | — | — |
| EV / EBIT | 15.69 | 11.45 | 7.62 | 10.36 | 13.63 | 5.85 | 31.96 | 15.50 | 17.53 | — | — |
| EV / FCF | — | 7.49 | 8.57 | 10.65 | 10.67 | 4.65 | — | 20.46 | 15.13 | — | — |
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 | 58.2% | 58.2% | 56.0% | 58.3% | 79.9% | 95.0% | 66.2% | 76.6% | 84.2% | 82.7% | 72.6% |
| Operating Margin | 16.5% | 16.5% | 15.8% | 18.4% | 28.4% | 45.6% | 15.5% | 24.7% | 27.7% | 11.6% | 8.9% |
| Net Profit Margin | 12.6% | 12.6% | 12.4% | 14.5% | 23.2% | 37.4% | 12.7% | 20.0% | 22.9% | 8.3% | 7.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 6.9% | 8.3% | 10.4% | 15.8% | 5.8% | 9.4% | 10.6% | 3.5% | 3.1% |
| ROA | 0.8% | 0.8% | 0.8% | 0.9% | 1.0% | 1.4% | 0.6% | 1.1% | 1.1% | 0.4% | 0.3% |
| ROIC | 5.7% | 5.7% | 5.5% | 5.1% | 5.4% | 6.7% | 2.4% | 4.9% | 5.9% | 2.8% | 2.2% |
| ROCE | 2.1% | 2.1% | 6.8% | 8.3% | 9.3% | 11.9% | 4.5% | 7.1% | 7.7% | 3.5% | 2.8% |
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 | 0.03 | 0.03 | 0.15 | 0.26 | 0.89 | 0.64 | 1.76 | 0.71 | 0.83 | 0.37 | 0.29 |
| Debt / EBITDA | 0.31 | 0.31 | 1.51 | 2.25 | 7.02 | 3.35 | 22.29 | 5.83 | 6.66 | 5.85 | 5.08 |
| Net Debt / Equity | — | -0.03 | -0.26 | -0.00 | 0.51 | -0.33 | 1.18 | 0.23 | 0.62 | -0.08 | -0.33 |
| Net Debt / EBITDA | -0.33 | -0.33 | -2.61 | -0.02 | 4.03 | -1.71 | 14.92 | 1.85 | 4.95 | -1.26 | -5.93 |
| Debt / FCF | — | -0.25 | -3.45 | -0.02 | 3.51 | -1.43 | — | 2.69 | 4.67 | -0.56 | -3.00 |
| Interest Coverage | 0.48 | 0.48 | 0.37 | 0.47 | 2.09 | 5.21 | 1.19 | 1.25 | 1.80 | 0.92 | 0.85 |
Net cash position: cash ($73M) exceeds total debt ($36M)
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 | 0.05 | 0.05 | 0.19 | 0.18 | 0.26 | 0.35 | 0.23 | 0.20 | 0.20 | 0.19 | 0.20 |
| Quick Ratio | 0.05 | 0.05 | 0.19 | 0.18 | 0.26 | 0.35 | 0.23 | 0.20 | 0.20 | 0.19 | 0.20 |
| Cash Ratio | 0.04 | 0.04 | 0.06 | 0.03 | 0.04 | 0.11 | 0.06 | 0.07 | 0.03 | 0.05 | 0.07 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 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 | 1.2% | 1.6% | 1.8% | 1.7% | 1.6% | 1.1% | 1.4% | 0.7% | 0.8% | — | — |
| Payout Ratio | 25.1% | 25.1% | 24.5% | 22.2% | 18.1% | 10.6% | 24.4% | 10.9% | 11.5% | 47.7% | 44.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 6.4% | 7.4% | 7.6% | 8.9% | 10.7% | 5.6% | 6.0% | 6.5% | — | — |
| FCF Yield | 9.5% | 12.9% | 8.3% | 9.4% | 14.0% | 16.4% | — | 5.6% | 9.6% | — | — |
| Buyback Yield | 1.0% | 1.4% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 1.1% | 6.4% | — | — |
| Total Shareholder Yield | 2.2% | 3.0% | 1.8% | 1.7% | 1.6% | 1.3% | 1.5% | 1.8% | 7.2% | — | — |
| Shares Outstanding | — | $31M | $31M | $31M | $27M | $24M | $24M | $24M | $22M | $22M | $22M |
Texas CRE concentration risk
Based on recent market data, OBK trades at a P/B of 1.29, which appears to discount the bank relative to higher-performing peers like First Financial Bank, suggesting investors remain cautious regarding the bank's ability to translate its Texas expansion into superior long-term returns on tangible equity.
The current forward P/E of 13.10 indicates that the market is pricing in a recovery in earnings, yet the persistent gap between OBK and its more profitable peers suggests a lack of confidence in the bank's current margin trajectory. This valuation may imply that the market views the bank as a commodity balance sheet rather than a premium franchise, warranting further investigation into whether the Louisiana legacy assets are a drag on overall valuation multiples.
As reported in financial statements, the bank's ROE has remained suppressed in the low single digits, with the 2.2% figure in 2026Q1 highlighting the structural challenge of maintaining profitability when net interest margins are constrained by rising funding costs and high operating overhead.
The decomposition of profitability suggests that the bank's reliance on a high-cost operating model, evidenced by the efficiency ratio, is currently offsetting the benefits of its commercial lending growth. Investors should monitor whether the insurance brokerage segment can provide enough high-margin, capital-light fee income to improve the overall return on equity, as the current banking-heavy model appears to be struggling under current interest rate conditions.
According to quarterly filings, the efficiency ratio has fluctuated significantly, reaching 43.1% in 2026Q1, which indicates that the bank's cost structure remains elevated as it attempts to integrate recent acquisitions while simultaneously managing the impact of a narrowing net interest margin.
The inability to consistently drive the efficiency ratio below 40% suggests that the bank's fixed-cost base is not scaling effectively with its asset growth. This may indicate that the bank is currently in a period of heavy investment, but it also raises concerns about the sustainability of its operating leverage if revenue growth continues to be muted by competitive funding pressures.
Based on the reported figures, the bank has maintained a consistent equity-to-assets ratio of 0.12 over the last ten quarters, providing a stable capital buffer that appears sufficient to support current growth initiatives while remaining well within regulatory expectations for a regional depository institution.
This consistent capital position suggests that management is prioritizing balance sheet strength over aggressive capital return, which may be a prudent strategy given the concentration risks in the Texas commercial real estate portfolio. While this conservative stance limits the potential for immediate share buybacks, it provides a necessary cushion against potential credit volatility in the bank's core lending markets.
The P/E ratio is frequently misapplied to OBK, as it fails to account for the significant non-cash volatility introduced by Mortgage Servicing Rights and CECL-related provision adjustments, which can distort the bank's true underlying earnings power on a quarterly basis.
Investors should instead focus on pre-provision net revenue (PPNR) to better understand the bank's core operating performance, as the P/E ratio is highly sensitive to the timing of credit provisions. Relying on P/E may lead to an inaccurate assessment of the bank's profitability, as it obscures the cyclical nature of the mortgage warehouse and insurance segments that are central to the bank's business model.
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying OBK stock.
Origin Bancorp, Inc.'s current P/E ratio is 21.4x. The historical average is 14.1x. This places it at the 100th percentile of its historical range.
Origin Bancorp, Inc.'s current EV/EBITDA is 13.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.6x.
Origin Bancorp, Inc.'s return on equity (ROE) is 6.3%. The historical average is 8.0%.
Based on historical data, Origin Bancorp, Inc. is trading at a P/E of 21.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Origin Bancorp, Inc.'s current dividend yield is 1.18% with a payout ratio of 25.1%.
Origin Bancorp, Inc. has 58.2% gross margin and 16.5% operating margin. Operating margin between 10-20% is typical for established companies.
Origin Bancorp, Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.