Latest Ratios: P/E Ratio 811.2x · EV/EBITDA 331.1x · ROE -2.8%. (1996–2025 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 | $103M | $90M | $107M | $65M | $87M | $77M | $52M | $62M | $67M | $65M | $57M |
| Enterprise Value | $199M | $185M | $212M | $228M | $205M | $149M | $133M | $153M | $174M | $131M | $108M |
| P/E Ratio → | 811.16 | — | 41.67 | 9.28 | 8.99 | 8.29 | 9.65 | 17.38 | 16.66 | 21.39 | 17.29 |
| P/S Ratio | 2.18 | 1.91 | 2.31 | 1.51 | 1.87 | 1.77 | 1.39 | 1.92 | 2.33 | 2.46 | 2.31 |
| P/B Ratio | 0.88 | 0.74 | 0.88 | 0.54 | 0.78 | 0.69 | 0.53 | 0.68 | 1.04 | 1.04 | 0.97 |
| P/FCF | 10.31 | 8.95 | 37.08 | 4.84 | 5.28 | 4.06 | 1.15 | 13.72 | 20.30 | 13.26 | 11.28 |
| P/OCF | 9.16 | 7.95 | 9.51 | 4.22 | 4.02 | 3.81 | 1.12 | 7.64 | 7.44 | 9.43 | 8.87 |
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 | — | 3.96 | 4.59 | 5.29 | 4.38 | 3.44 | 3.55 | 4.73 | 6.06 | 5.00 | 4.42 |
| EV / EBITDA | 331.07 | — | 32.57 | 17.38 | 12.48 | 8.38 | 13.64 | 21.80 | 30.21 | 24.24 | 19.81 |
| EV / EBIT | — | — | 41.00 | 19.35 | 13.04 | 9.33 | 15.89 | 28.03 | 38.23 | 30.26 | 24.51 |
| EV / FCF | — | 18.50 | 73.57 | 16.94 | 12.38 | 7.89 | 2.93 | 33.77 | 52.92 | 27.01 | 21.58 |
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 | 65.1% | 65.1% | 76.2% | 93.2% | 94.1% | 97.7% | 87.4% | 93.9% | 94.8% | 93.3% | 96.1% |
| Operating Margin | -8.7% | -8.7% | 11.2% | 27.4% | 33.6% | 36.8% | 22.3% | 16.9% | 15.9% | 16.5% | 18.0% |
| Net Profit Margin | -7.3% | -7.3% | 7.3% | 21.6% | 27.7% | 28.5% | 18.6% | 13.2% | 14.0% | 13.3% | 13.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.8% | -2.8% | 2.8% | 8.0% | 11.6% | 11.9% | 7.4% | 5.5% | 6.4% | 5.8% | 5.0% |
| ROA | -0.2% | -0.2% | 0.2% | 0.6% | 1.0% | 1.0% | 0.6% | 0.4% | 0.4% | 0.4% | 0.5% |
| ROIC | -1.3% | -1.3% | 1.3% | 3.0% | 4.9% | 5.4% | 3.0% | 2.0% | 2.0% | 2.3% | 2.5% |
| ROCE | -0.5% | -0.5% | 2.4% | 5.5% | 7.3% | 7.2% | 4.0% | 3.1% | 3.1% | 3.9% | 4.3% |
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 | 0.89 | 0.89 | 1.12 | 1.76 | 1.37 | 0.99 | 1.27 | 1.22 | 2.07 | 1.43 | 1.27 |
| Debt / EBITDA | — | — | 21.01 | 16.12 | 9.31 | 6.15 | 12.76 | 15.82 | 23.18 | 16.40 | 13.56 |
| Net Debt / Equity | — | 0.79 | 0.86 | 1.35 | 1.05 | 0.66 | 0.82 | 1.00 | 1.66 | 1.08 | 0.88 |
| Net Debt / EBITDA | — | — | 16.15 | 12.41 | 7.16 | 4.07 | 8.28 | 12.95 | 18.62 | 12.34 | 9.45 |
| Debt / FCF | — | 9.56 | 36.49 | 12.10 | 7.10 | 3.83 | 1.78 | 20.06 | 32.62 | 13.76 | 10.29 |
| Interest Coverage | -0.13 | -0.13 | 0.14 | 0.41 | 1.62 | 2.13 | 0.77 | 0.40 | 0.50 | 0.69 | 1.16 |
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 | 26.41 | 26.41 | 0.24 | 0.25 | 0.20 | 0.22 | 0.18 | 0.15 | 0.27 | 0.26 | 0.26 |
| Quick Ratio | 26.41 | 26.41 | 0.24 | 0.25 | 0.20 | 0.22 | 0.18 | 0.15 | 0.27 | 0.26 | 0.26 |
| Cash Ratio | 0.26 | 0.26 | 0.02 | 0.04 | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 |
| Asset Turnover | — | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| 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 | 2.3% | 2.7% | 2.2% | 3.4% | 2.3% | 1.8% | 2.2% | 1.8% | 1.5% | 1.4% | 1.5% |
| Payout Ratio | — | — | 70.3% | 23.5% | 15.8% | 11.5% | 16.4% | 25.5% | 25.4% | 25.3% | 26.5% |
| 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% | — | 2.4% | 10.8% | 11.1% | 12.1% | 10.4% | 5.8% | 6.0% | 4.7% | 5.8% |
| FCF Yield | 9.7% | 11.2% | 2.7% | 20.7% | 18.9% | 24.6% | 87.1% | 7.3% | 4.9% | 7.5% | 8.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.9% | 7.5% | 0.0% | 0.0% | 0.0% | 3.1% |
| Total Shareholder Yield | 2.3% | 2.7% | 2.2% | 3.4% | 2.3% | 10.8% | 9.7% | 1.8% | 1.5% | 1.4% | 4.6% |
| Shares Outstanding | — | $6M | $6M | $5M | $5M | $4M | $5M | $4M | $4M | $4M | $4M |
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PBHC stock.
Pathfinder Bancorp, Inc.'s current P/E ratio is 811.2x. The historical average is 22.9x. This places it at the 100th percentile of its historical range.
Pathfinder Bancorp, Inc.'s current EV/EBITDA is 331.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.6x.
Pathfinder Bancorp, Inc.'s return on equity (ROE) is -2.8%. The historical average is 5.7%.
Based on historical data, Pathfinder Bancorp, Inc. is trading at a P/E of 811.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Pathfinder Bancorp, Inc.'s current dividend yield is 2.32%.
Pathfinder Bancorp, Inc. has 65.1% gross margin and -8.7% operating margin.
Key Metrics
Top Statement Risk
Localized credit concentration risk
Metrics are mathematically derived from official filings.
Market Discount Reflects Execution Risk
According to current market data, Pathfinder Bancorp trades at a P/B of 0.86, a valuation level that suggests investors are pricing the bank as a distressed asset rather than a franchise with a stable, long-term earnings trajectory in the Upstate New York market.
The sub-1.0x P/B multiple indicates that the market is discounting the bank's tangible book value, likely due to the persistent negative ROE and the lack of a clear path to profitability. This valuation implies that the market expects further erosion of capital or a prolonged period of value destruction before any potential turnaround can be realized.
DuPont Decomposition Reveals Structural Weakness
Based on the provided quarterly figures, the bank's ROE has fluctuated between -5.7% and 2.4%, a trend that highlights a fundamental inability to generate consistent returns on equity due to compressed net interest margins and an inefficient cost structure that fails to scale.
The decomposition of profitability suggests that the bank's reliance on a high fixed-cost base, combined with a stagnant NIM, has effectively neutralized the benefits of its leverage. Without a significant improvement in asset utilization or a reduction in the efficiency ratio, the bank's ability to generate positive ROE remains highly questionable.
Margin Compression and Efficiency Challenges
As reported in recent financial statements, the net interest margin has remained suppressed between 0.7% and 0.8%, while the efficiency ratio has spiked as high as 47.2%, indicating that the bank is struggling to manage its funding costs against a static loan yield environment.
The inability to expand the NIM suggests that the bank's deposit base, while potentially sticky due to municipal relationships, is not providing the funding cost advantage necessary to offset the current interest rate environment. The rising efficiency ratio further implies that the bank is experiencing negative operating leverage, where fixed costs are consuming an increasing share of the revenue base.
Thin Capital Buffers Limit Flexibility
Based on the reported equity-to-assets ratio of 0.08 to 0.09, Pathfinder Bancorp maintains a thin capital cushion that, according to historical data, leaves the institution with limited capacity to absorb further credit shocks or fund growth without potentially diluting existing shareholders.
The current capital position appears vulnerable, particularly given the volatility in the provision for credit losses and the potential for unrealized losses in the investment portfolio. Investors should monitor whether the bank's capital adequacy ratios remain sufficient to support its current risk profile without necessitating a capital raise.
Misapplied P/E Multiples Obscure Reality
As indicated by the negative P/E TTM of -30.37, the price-to-earnings ratio is a fundamentally misapplied metric for Pathfinder Bancorp, as it fails to account for the lumpy, non-cash nature of CECL-driven credit provisions that distort the bank's true underlying earning power.
Using P/E to evaluate a bank in a period of negative earnings and high provision volatility is misleading, as it obscures the bank's tangible book value and capital adequacy. Analysts should instead focus on P/TBV and the trend in core pre-provision net revenue to better understand the bank's actual operational health.