Old Second Bancorp, Inc. (OSBC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
11.41
↑+31% vs avg
5yr avg: 8.68
30Y Low3.1·High25.1
P/FCF
↓
9.88
+14% vs avg
5yr avg: 8.69
30Y Low0.4·High113.0
P/B Ratio
↑
1.32
+11% vs avg
5yr avg: 1.19
30Y Low0.2·High3.2
ROE
↑
10.2%
-15% vs avg
5yr avg: 12.1%
30Y Low-77%·High75%
Debt/EBITDA
↓
2.80
↓-17% vs avg
5yr avg: 3.36
30Y Low0.4·High16.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OSBC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Old Second Bancorp, Inc. trades at 13.6x earnings, 15% above its 5-year average of 11.9x, sitting at the 50th percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.6x. On a free-cash-flow basis, the stock trades at 9.9x P/FCF, 14% above the 5-year average of 8.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.0B | $811M | $701M | $725M | $387M | $305M | $410M | $394M | $410M | $330M |
| Enterprise Value | $1.4B | $1.3B | $854M | $1.1B | $871M | $-166239580 | $135M | $565M | $652M | $601M | $480M |
| P/E Ratio → | 13.63 | 12.04 | 9.51 | 7.64 | 10.77 | 19.37 | 10.98 | 10.36 | 11.61 | 27.30 | 20.85 |
| P/S Ratio | 2.93 | 2.63 | 2.41 | 2.18 | 2.84 | 2.73 | 2.18 | 2.74 | 2.88 | 3.52 | 3.28 |
| P/B Ratio | 1.32 | 1.16 | 1.21 | 1.21 | 1.57 | 0.77 | 0.99 | 1.47 | 1.72 | 2.05 | 1.88 |
| P/FCF | 9.88 | 8.86 | 6.72 | 6.74 | 7.80 | 13.34 | 13.81 | 8.49 | 7.43 | 11.37 | 13.05 |
| P/OCF | 9.52 | 8.53 | 6.17 | 6.02 | 7.45 | 12.46 | 11.73 | 7.78 | 7.18 | 11.05 | 12.10 |
P/E links to full P/E history page with 30-year chart
OSBC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Old Second Bancorp, Inc.'s enterprise value stands at 11.4x EBITDA, 31% above its 5-year average of 8.7x. This is roughly in line with the Financial Services sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.17 | 2.54 | 3.48 | 3.41 | -1.17 | 0.97 | 3.78 | 4.76 | 5.16 | 4.77 |
| EV / EBITDA | 11.41 | 10.41 | 6.99 | 8.46 | 8.85 | -5.25 | 3.33 | 10.30 | 13.95 | 16.37 | 17.89 |
| EV / EBIT | 12.45 | 11.36 | 7.56 | 8.98 | 9.51 | -5.97 | 3.62 | 10.89 | 14.84 | 17.52 | 19.58 |
| EV / FCF | — | 10.68 | 7.07 | 10.74 | 9.36 | -5.73 | 6.14 | 11.71 | 12.30 | 16.67 | 18.98 |
OSBC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Old Second Bancorp, Inc. earns an operating margin of 27.9%, above the Financial Services sector average of 20.3%. Operating margins have compressed from 38.8% to 27.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.2% is modest. ROIC of 8.1% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | 78.1% | 78.1% | 79.5% | 82.4% | 93.4% | 91.0% | 83.6% | 86.3% | 86.9% | 87.6% | 89.4% |
| Operating Margin | 27.9% | 27.9% | 33.6% | 38.8% | 35.9% | 19.6% | 26.8% | 34.7% | 32.1% | 29.4% | 24.4% |
| Net Profit Margin | 20.2% | 20.2% | 25.4% | 28.6% | 26.4% | 14.1% | 19.9% | 26.4% | 24.8% | 13.0% | 15.6% |
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 | 10.2% | 10.2% | 13.7% | 17.7% | 14.0% | 5.0% | 9.5% | 15.6% | 15.8% | 8.1% | 9.5% |
| ROA | 1.3% | 1.3% | 1.5% | 1.6% | 1.1% | 0.4% | 1.0% | 1.5% | 1.3% | 0.7% | 0.7% |
| ROIC | 8.1% | 8.1% | 8.9% | 10.3% | 9.7% | 3.6% | 5.9% | 7.6% | 6.7% | 6.3% | 5.4% |
| ROCE | 3.9% | 3.9% | 14.6% | 18.1% | 13.6% | 4.9% | 8.8% | 13.4% | 12.9% | 11.4% | 8.8% |
OSBC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Old Second Bancorp, Inc. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (34% below the sector average of 4.3x). Net debt stands at $215M ($339M total debt minus $124M cash). Interest coverage of just 1.8x 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 | 0.38 | 0.38 | 0.21 | 0.89 | 0.57 | 0.40 | 0.52 | 0.74 | 1.37 | 1.23 | 1.13 |
| Debt / EBITDA | 2.80 | 2.80 | 1.16 | 3.91 | 2.65 | 6.28 | 3.94 | 3.75 | 6.70 | 6.72 | 7.36 |
| Net Debt / Equity | — | 0.24 | 0.06 | 0.72 | 0.32 | -1.10 | -0.55 | 0.56 | 1.13 | 0.95 | 0.86 |
| Net Debt / EBITDA | 1.78 | 1.78 | 0.35 | 3.15 | 1.48 | -17.47 | -4.16 | 2.83 | 5.52 | 5.20 | 5.59 |
| Debt / FCF | — | 1.82 | 0.35 | 4.00 | 1.57 | -19.07 | -7.68 | 3.22 | 4.87 | 5.29 | 5.93 |
| Interest Coverage | 1.78 | 1.78 | 2.01 | 3.11 | 8.87 | 3.30 | 3.00 | 2.75 | 2.63 | 2.72 | 2.47 |
OSBC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.10x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.34x to 0.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.10 | 0.10 | 0.36 | 0.34 | 0.37 | 0.47 | 0.37 | 0.29 | 0.29 | 0.32 | 0.32 |
| Quick Ratio | 0.10 | 0.10 | 0.36 | 0.34 | 0.37 | 0.47 | 0.37 | 0.29 | 0.29 | 0.32 | 0.32 |
| Cash Ratio | 0.06 | 0.06 | 0.02 | 0.02 | 0.02 | 0.14 | 0.13 | 0.02 | 0.02 | 0.03 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.02 | 0.05 | 0.06 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
OSBC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Old Second Bancorp, Inc. returns 1.7% to shareholders annually — split between a 1.0% dividend yield and 0.6% buyback yield. The payout ratio of 15.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.3% (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 | 1.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 15.2% | 15.2% | 11.0% | 9.8% | 13.2% | 23.0% | 4.3% | 3.0% | 3.5% | 7.8% | 5.7% |
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 | 7.3% | 8.3% | 10.5% | 13.1% | 9.3% | 5.2% | 9.1% | 9.7% | 8.6% | 3.7% | 4.8% |
| FCF Yield | 10.1% | 11.3% | 14.9% | 14.8% | 12.8% | 7.5% | 7.2% | 11.8% | 13.5% | 8.8% | 7.7% |
| Buyback Yield | 0.6% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.7% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $53M | $46M | $45M | $45M | $31M | $30M | $30M | $30M | $30M | $30M |
Peer Comparison
Compare OSBC 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 |
|---|---|---|---|---|---|---|---|---|---|
 OSBCYou | $1B | 13.6 | 11.4 | 9.9 | 78.1% | 27.9% | 10.2% | 8.1% | 2.8 |
 MBWM | $932M | 9.9 | 12.1 | 83.2 | 64.0% | 27.5% | 13.6% | 5.5% | 7.8 |
 MOFG | $1B | -13.9 | — | 16.7 | 29.4% | -40.8% | -11.1% | -9.4% | — |
 CFFI | $247M | 9.1 | 10.5 | 11.1 | 69.5% | 17.8% | 11.0% | 6.8% | 3.5 |
 CZWI | $213M | 15.2 | 16.4 | 20.5 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 MVBF | $357M | 13.5 | 5.2 | 168.8 | 71.7% | 13.6% | 8.4% | 7.0% | 2.1 |
 IBCP | $704M | 10.5 | 9.5 | 10.0 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 FFIN | $5B | 18.7 | 11.5 | 15.5 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 BANF | $4B | 15.6 | 11.3 | 15.9 | 82.9% | 36.8% | 13.8% | 12.3% | 0.4 |
 MGYR | $115M | 11.4 | 10.6 | 11.7 | 60.3% | 23.6% | 8.5% | 6.7% | 3.3 |
 IROQ | $89M | 19.4 | 21.7 | 13.6 | 54.7% | 12.2% | 5.5% | 2.9% | 11.2 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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OSBC — Frequently Asked Questions
Quick answers to the most common questions about buying OSBC stock.
What is Old Second Bancorp, Inc.'s P/E ratio?
Old Second Bancorp, Inc.'s current P/E ratio is 13.6x. The historical average is 20.2x. This places it at the 50th percentile of its historical range.
What is Old Second Bancorp, Inc.'s EV/EBITDA?
Old Second Bancorp, Inc.'s current EV/EBITDA is 11.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
What is Old Second Bancorp, Inc.'s ROE?
Old Second Bancorp, Inc.'s return on equity (ROE) is 10.2%. The historical average is 9.1%.
Is OSBC stock overvalued?
Based on historical data, Old Second Bancorp, Inc. is trading at a P/E of 13.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Old Second Bancorp, Inc.'s dividend yield?
Old Second Bancorp, Inc.'s current dividend yield is 1.04% with a payout ratio of 15.2%.
What are Old Second Bancorp, Inc.'s profit margins?
Old Second Bancorp, Inc. has 78.1% gross margin and 27.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Old Second Bancorp, Inc. have?
Old Second Bancorp, Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.