Latest Ratios: P/E Ratio 10.9x · EV/EBITDA 7.9x · ROE 9.9%. (2003–2025 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 | $400M | $309M | $290M | $266M | $266M | $335M | $156M | $279M | $230M | $186M | $144M |
| Enterprise Value | $446M | $356M | $125M | $83M | $146M | $149M | $51M | $163M | $97M | $152M | $74M |
| P/E Ratio → | 10.88 | 8.39 | 11.63 | 8.69 | 7.63 | 8.38 | 9.72 | 11.60 | 9.43 | 11.33 | 10.27 |
| P/S Ratio | 1.91 | 1.48 | 1.51 | 1.64 | 2.29 | 3.35 | 1.71 | 2.67 | 2.44 | 2.35 | 2.18 |
| P/B Ratio | 1.03 | 0.79 | 0.80 | 0.76 | 0.79 | 1.31 | 0.67 | 1.23 | 1.09 | 1.31 | 1.13 |
| P/FCF | 16.38 | 12.67 | 8.32 | 4.28 | 5.14 | — | 10.20 | 9.50 | 7.77 | 9.32 | 3.76 |
| P/OCF | 15.03 | 11.63 | 7.45 | 4.19 | 4.65 | — | 9.14 | 9.28 | 7.48 | 8.75 | 3.58 |
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 | — | 1.70 | 0.65 | 0.51 | 1.26 | 1.49 | 0.55 | 1.56 | 1.03 | 1.92 | 1.12 |
| EV / EBITDA | 7.86 | 6.27 | 3.11 | 1.74 | 2.75 | 2.47 | 1.91 | 4.27 | 2.51 | 4.38 | 2.68 |
| EV / EBIT | 8.50 | 6.78 | 3.45 | 1.91 | 2.96 | 2.62 | 2.20 | 4.75 | 2.80 | 4.85 | 3.02 |
| EV / FCF | — | 14.59 | 3.59 | 1.33 | 2.82 | — | 3.30 | 5.55 | 3.29 | 7.63 | 1.93 |
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 | 53.3% | 53.3% | 50.2% | 61.4% | 86.5% | 100.3% | 70.7% | 73.1% | 79.6% | 84.9% | 85.9% |
| Operating Margin | 25.1% | 25.1% | 18.9% | 26.7% | 42.5% | 57.0% | 25.1% | 32.8% | 36.9% | 39.6% | 37.0% |
| Net Profit Margin | 17.9% | 17.9% | 13.4% | 19.0% | 30.1% | 40.1% | 17.7% | 23.0% | 25.8% | 20.7% | 21.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.9% | 9.9% | 7.2% | 9.0% | 11.8% | 16.4% | 7.0% | 11.0% | 13.8% | 12.2% | 12.4% |
| ROA | 1.2% | 1.2% | 0.9% | 1.2% | 1.5% | 2.0% | 0.9% | 1.4% | 1.5% | 1.2% | 1.2% |
| ROIC | 9.2% | 9.2% | 6.8% | 8.4% | 11.7% | 14.3% | 6.0% | 10.4% | 12.3% | 15.2% | 16.3% |
| ROCE | 4.2% | 4.2% | 8.6% | 11.2% | 15.5% | 19.1% | 7.9% | 13.8% | 16.4% | 20.3% | 21.7% |
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 | 0.18 | 0.18 | 0.09 | 0.17 | 0.08 | 0.07 | 0.38 | 0.13 | 0.14 | 0.28 | — |
| Debt / EBITDA | 1.27 | 1.27 | 0.84 | 1.25 | 0.50 | 0.29 | 3.34 | 0.78 | 0.77 | 1.15 | — |
| Net Debt / Equity | — | 0.12 | -0.45 | -0.53 | -0.36 | -0.73 | -0.45 | -0.51 | -0.63 | -0.24 | -0.55 |
| Net Debt / EBITDA | 0.82 | 0.82 | -4.10 | -3.87 | -2.26 | -3.08 | -3.99 | -3.04 | -3.41 | -0.97 | -2.54 |
| Debt / FCF | — | 1.91 | -4.73 | -2.95 | -2.32 | — | -6.90 | -3.95 | -4.48 | -1.69 | -1.83 |
| Interest Coverage | 0.56 | 0.56 | 0.39 | 0.69 | 4.08 | 13.14 | 1.70 | 1.44 | 1.94 | 3.10 | 3.48 |
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 | 0.16 | 0.16 | 0.14 | 0.17 | 0.14 | 0.18 | 0.20 | 0.17 | 0.22 | 0.17 | 0.15 |
| Quick Ratio | 0.16 | 0.16 | 0.14 | 0.17 | 0.14 | 0.18 | 0.20 | 0.17 | 0.22 | 0.17 | 0.15 |
| Cash Ratio | 0.02 | 0.02 | 0.08 | 0.10 | 0.07 | 0.11 | 0.12 | 0.10 | 0.11 | 0.06 | 0.06 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.9% | 3.7% | 3.5% | 3.7% | 3.4% | 2.0% | 3.9% | 1.4% | 0.8% | 0.9% | 1.0% |
| Payout Ratio | 30.6% | 30.6% | 39.8% | 32.3% | 25.6% | 16.6% | 38.0% | 16.4% | 7.2% | 9.8% | 9.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.2% | 11.9% | 8.6% | 11.5% | 13.1% | 11.9% | 10.3% | 8.6% | 10.6% | 8.8% | 9.7% |
| FCF Yield | 6.1% | 7.9% | 12.0% | 23.3% | 19.4% | — | 9.8% | 10.5% | 12.9% | 10.7% | 26.6% |
| Buyback Yield | 1.8% | 2.3% | 0.1% | 3.3% | 2.5% | 3.2% | 4.2% | 2.3% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.7% | 6.0% | 3.6% | 7.1% | 5.9% | 5.2% | 8.1% | 3.7% | 0.8% | 0.9% | 1.0% |
| Shares Outstanding | — | $14M | $14M | $14M | $15M | $15M | $15M | $16M | $15M | $14M | $13M |
CRE and SBA concentration
With a P/B ratio of 1.03 as of 2026Q1, PCB Bancorp trades at a valuation that suggests investors view the bank as a stable, niche-focused franchise rather than a high-growth commodity lender, according to recent market data and historical trading patterns.
The current P/B multiple indicates that the market is pricing the bank near its tangible book value, which appears reasonable given the bank's specialized focus on the Korean-American business community. Investors should monitor whether this valuation premium over peers like Hope Bancorp persists as the bank navigates potential volatility in its commercial real estate portfolio.
Based on reported financial statements, PCB Bancorp's ROE has remained constrained in the low single digits, reaching 2.7% in 2026Q1, which reflects the impact of a compressed net interest margin and the inherent volatility of its SBA-driven non-interest income stream.
The DuPont decomposition suggests that profitability is currently hampered by a narrow NIM of 0.8%, which limits the bank's ability to generate high returns on equity despite its disciplined leverage profile. The reliance on SBA gain-on-sale premiums introduces earnings variability that may mask the underlying operational efficiency of the core banking franchise.
As reported in quarterly filings, PCB Bancorp successfully improved its efficiency ratio to 28.4% in 2026Q1 from 35.2% in 2024Q1, demonstrating that the bank's LPO-heavy operating model is effectively controlling costs even as the net interest margin remains pressured at 0.8%.
The bank's ability to drive down its efficiency ratio suggests that management is successfully scaling its footprint without incurring excessive overhead. However, the persistent 0.8% NIM warrants further investigation, as it may indicate that the bank is struggling to pass on higher funding costs to its niche client base.
According to recent financial disclosures, PCB Bancorp maintains an equity-to-assets ratio of approximately 12% as of 2026Q1, providing a robust capital foundation that appears sufficient to support ongoing loan originations while absorbing potential volatility in its concentrated commercial real estate portfolio.
This capital position suggests that the bank is well-positioned to navigate potential economic downturns without immediate pressure to raise dilutive equity. The consistent retention of earnings further strengthens this buffer, allowing the bank to pursue its geographic expansion strategy into new markets like Texas and Washington.
Investors should be cautious when using the P/E ratio to evaluate PCB Bancorp, as the metric is frequently distorted by the volatility of SBA gain-on-sale premiums and CECL-driven provision adjustments, which do not necessarily reflect the bank's long-term sustainable earnings power.
The P/E ratio often fails to account for the cyclical nature of the bank's non-interest income, leading to potential misinterpretations of its true profitability. A more appropriate approach would involve adjusting earnings for non-recurring SBA gains and normalizing provision expenses to better assess the underlying health of the core interest-earning franchise.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying PCB stock.
PCB Bancorp's current P/E ratio is 10.9x. The historical average is 9.9x. This places it at the 67th percentile of its historical range.
PCB Bancorp's current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.2x.
PCB Bancorp's return on equity (ROE) is 9.9%. The historical average is 6.4%.
Based on historical data, PCB Bancorp is trading at a P/E of 10.9x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PCB Bancorp's current dividend yield is 2.86% with a payout ratio of 30.6%.
PCB Bancorp has 53.3% gross margin and 25.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
PCB Bancorp's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.