Latest Ratios: P/E Ratio 26.1x · EV/EBITDA 20.8x · ROE 3.7%. (2019–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $47M | $36M | $31M | $35M | $35M | — | — |
| Enterprise Value | $54M | $43M | $68M | $66M | $36M | — | — |
| P/E Ratio → | 26.07 | 20.11 | 16.29 | 16.56 | 43.84 | — | — |
| P/S Ratio | 1.95 | 1.48 | 1.52 | 2.44 | 3.24 | — | — |
| P/B Ratio | 0.95 | 0.73 | 0.66 | 0.76 | 0.76 | — | — |
| P/FCF | 32.71 | 24.84 | 9.63 | 10.81 | 25.20 | — | — |
| P/OCF | 25.86 | 19.64 | 8.04 | 10.34 | 25.02 | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.77 | 3.32 | 4.66 | 3.34 | — | — |
| EV / EBITDA | 20.77 | 16.42 | 24.39 | 22.66 | 31.76 | — | — |
| EV / EBIT | 24.05 | 19.02 | 27.61 | 25.13 | 37.48 | — | — |
| EV / FCF | — | 29.71 | 20.99 | 20.61 | 25.98 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 48.8% | 48.8% | 59.3% | 70.9% | 76.8% | 66.7% | 68.1% |
| Operating Margin | 9.3% | 9.3% | 12.0% | 18.5% | 8.9% | -5.8% | 9.7% |
| Net Profit Margin | 7.3% | 7.3% | 9.4% | 14.8% | 7.3% | -4.3% | 7.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | 3.7% | 3.7% | 4.1% | 4.6% | 2.3% | -1.9% | 3.5% |
| ROA | 0.4% | 0.4% | 0.5% | 0.6% | 0.3% | -0.2% | 0.4% |
| ROIC | 1.7% | 1.7% | 1.9% | 2.5% | 1.4% | -0.9% | 1.5% |
| ROCE | 2.2% | 2.2% | 2.5% | 3.4% | 1.8% | -1.2% | 2.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 1.17 | 1.04 | 0.36 | 0.94 | 1.17 |
| Debt / EBITDA | 16.32 | 16.32 | 19.75 | 16.24 | 14.80 | — | 22.66 |
| Net Debt / Equity | — | 0.14 | 0.78 | 0.69 | 0.02 | -0.25 | 0.98 |
| Net Debt / EBITDA | 2.69 | 2.69 | 13.21 | 10.78 | 0.95 | — | 18.88 |
| Debt / FCF | — | 4.88 | 11.37 | 9.80 | 0.78 | — | 16.18 |
| Interest Coverage | 0.18 | 0.18 | 0.32 | 0.89 | 0.43 | -0.23 | 0.39 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.25 | 0.25 | 0.26 | 0.24 | 0.17 | 0.23 | 0.16 |
| Quick Ratio | 0.25 | 0.25 | 0.26 | 0.24 | 0.17 | 0.23 | 0.16 |
| Cash Ratio | 0.10 | 0.10 | 0.05 | 0.05 | 0.06 | 0.11 | 0.03 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.05 |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 5.0% | 6.1% | 6.0% | 2.3% | — | — |
| FCF Yield | 3.1% | 4.0% | 10.4% | 9.3% | 4.0% | — | — |
| Buyback Yield | 3.7% | — | — | — | — | — | — |
| Total Shareholder Yield | 3.7% | — | — | — | — | — | — |
| Shares Outstanding | — | $2M | $2M | $3M | $3M | $3M | $3M |
CRE concentration and NIM
Based on the reported P/B ratio of 0.95, the market appears to price PBBK as a commodity balance sheet rather than a growth-oriented franchise, despite the 17.75% revenue growth observed in recent periods, suggesting investors remain skeptical of the bank's ability to scale profitability effectively.
The current valuation multiple suggests that the market is discounting the bank's transition toward a commercial boutique model, likely due to the persistent compression of the net interest margin. Investors appear to be waiting for evidence that the new loan production offices can generate sustainable returns on tangible equity before assigning a premium multiple.
According to quarterly financial data, PBBK's ROE has remained suppressed between 0.7% and 1.4% over the last ten quarters, indicating that the bank's profitability is currently strained by a lack of operating leverage and a narrow net interest margin that limits bottom-line expansion.
The DuPont decomposition reveals that the bank's profitability is heavily reliant on asset utilization, yet the stagnant NIM of 0.7% prevents meaningful ROE improvement. This suggests that the bank's current cost structure is not yet optimized for its expanded geographic footprint, warranting further investigation into the scalability of its LPO-led growth strategy.
As reported in recent financial statements, PBBK's efficiency ratio has fluctuated significantly between 35.0% and 46.6%, reflecting the operational challenges of managing fixed overhead costs while attempting to capture market share in the competitive Chester and Lancaster county commercial lending corridors.
The inability to maintain a consistent efficiency ratio suggests that the bank's operating leverage is currently insufficient to offset the costs of its recent expansion. Investors should monitor whether the bank can achieve economies of scale as the new loan production offices mature, or if the current cost structure will continue to weigh on net margins.
Based on the consistent equity-to-assets ratio of approximately 11% maintained over the last ten quarters, PBBK demonstrates a disciplined approach to capital preservation that provides a robust foundation for its ongoing geographic expansion despite the current lack of dividend payments or share buybacks.
The bank's commitment to maintaining a strong capital buffer appears to be a strategic choice to mitigate risks associated with its CRE-heavy loan portfolio. This conservative stance suggests that management is prioritizing long-term balance sheet resilience over immediate capital returns, which may be appropriate given the current economic uncertainty in the regional market.
The P/E ratio of 26.07 is frequently misapplied to PBBK, as it obscures the volatility caused by fluctuating provisions for credit losses and the bank's tactical securities portfolio management, which can artificially inflate or deflate earnings in any given quarter, rendering the metric a poor proxy for core profitability.
Investors should instead focus on P/TBV and core NIM trends to assess the bank's underlying value, as the P/E ratio fails to account for the cyclical nature of the bank's loan loss provisioning. Relying on P/E in this context may lead to an inaccurate assessment of the bank's true earnings power and its ability to generate sustainable shareholder value.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying PBBK stock.
PB Bankshares, Inc.'s current P/E ratio is 26.1x. The historical average is 24.2x. This places it at the 75th percentile of its historical range.
PB Bankshares, Inc.'s current EV/EBITDA is 20.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.8x.
PB Bankshares, Inc.'s return on equity (ROE) is 3.7%. The historical average is 2.7%.
Based on historical data, PB Bankshares, Inc. is trading at a P/E of 26.1x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PB Bankshares, Inc. has 48.8% gross margin and 9.3% operating margin.
PB Bankshares, Inc.'s Debt/EBITDA ratio is 16.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.