Latest Ratios: P/E Ratio 11.7x · EV/EBITDA 10.7x · ROE 12.0%. (1997–2025 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 | $686M | $491M | $439M | $348M | $374M | $381M | $270M | $372M | $326M | $345M | $360M |
| Enterprise Value | $886M | $691M | $539M | $381M | $484M | $379M | $322M | $526M | $418M | $480M | $461M |
| P/E Ratio → | 11.65 | 8.28 | 51.70 | 12.72 | 9.82 | 8.77 | 9.19 | 13.53 | 13.07 | 18.63 | 18.38 |
| P/S Ratio | 3.66 | 2.62 | 3.27 | 3.45 | 3.46 | 3.88 | 2.80 | 4.11 | 3.84 | 4.28 | 4.83 |
| P/B Ratio | 1.33 | 0.94 | 0.94 | 1.02 | 1.19 | 1.12 | 0.85 | 1.25 | 1.17 | 1.30 | 1.40 |
| P/FCF | 15.82 | 11.32 | 14.02 | 12.74 | 10.83 | 10.62 | 7.73 | 11.83 | 11.42 | 15.42 | 16.92 |
| P/OCF | 12.64 | 9.04 | 12.95 | 10.47 | 8.83 | 9.35 | 7.26 | 10.04 | 10.00 | 12.05 | 12.84 |
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 | — | 3.69 | 4.02 | 3.78 | 4.48 | 3.86 | 3.34 | 5.80 | 4.92 | 5.97 | 6.18 |
| EV / EBITDA | 10.69 | 8.34 | 34.35 | 10.59 | 9.81 | 6.64 | 8.39 | 15.89 | 13.26 | 16.22 | 16.81 |
| EV / EBIT | 12.26 | 9.56 | 63.70 | 11.73 | 10.68 | 7.09 | 9.43 | 18.21 | 14.76 | 18.04 | 18.75 |
| EV / FCF | — | 15.94 | 17.21 | 13.95 | 14.03 | 10.57 | 9.24 | 16.71 | 14.64 | 21.50 | 21.66 |
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 | 99.9% | 99.9% | 85.8% | 99.4% | 100.4% | 98.2% | 92.3% | 93.3% | 95.1% | 94.0% | 93.3% |
| Operating Margin | 38.6% | 38.6% | 6.3% | 32.2% | 42.0% | 54.4% | 35.4% | 31.9% | 33.3% | 33.1% | 33.0% |
| Net Profit Margin | 31.6% | 31.6% | 6.3% | 27.1% | 35.2% | 44.3% | 30.4% | 28.4% | 29.3% | 22.9% | 26.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.0% | 12.0% | 2.1% | 8.4% | 11.6% | 13.2% | 9.5% | 8.9% | 9.2% | 7.1% | 7.7% |
| ROA | 1.1% | 1.1% | 0.2% | 0.8% | 1.1% | 1.4% | 1.1% | 1.1% | 1.1% | 0.9% | 1.0% |
| ROIC | 7.7% | 7.7% | 1.2% | 5.5% | 8.1% | 10.2% | 5.7% | 4.9% | 5.0% | 4.8% | 5.0% |
| ROCE | 2.4% | 2.4% | 1.5% | 7.8% | 11.4% | 13.4% | 9.2% | 8.5% | 8.7% | 8.1% | 7.5% |
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 | 0.50 | 0.50 | 0.33 | 0.22 | 0.47 | 0.10 | 0.31 | 0.62 | 0.45 | 0.65 | 0.55 |
| Debt / EBITDA | 3.12 | 3.12 | 9.91 | 2.10 | 3.01 | 0.62 | 2.54 | 5.59 | 3.95 | 5.85 | 5.13 |
| Net Debt / Equity | — | 0.38 | 0.21 | 0.10 | 0.35 | -0.01 | 0.17 | 0.51 | 0.33 | 0.51 | 0.39 |
| Net Debt / EBITDA | 2.41 | 2.41 | 6.36 | 0.91 | 2.24 | -0.03 | 1.37 | 4.64 | 2.91 | 4.59 | 3.68 |
| Debt / FCF | — | 4.61 | 3.19 | 1.20 | 3.20 | -0.05 | 1.51 | 4.88 | 3.21 | 6.08 | 4.74 |
| Interest Coverage | 0.77 | 0.77 | 0.09 | 0.52 | 2.91 | 5.68 | 2.39 | 1.62 | 2.13 | 3.06 | 3.39 |
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 | 8.76 | 8.76 | 0.08 | 0.14 | 0.17 | 0.19 | 0.14 | 0.17 | 0.16 | 0.17 | 0.18 |
| Quick Ratio | 8.76 | 8.76 | 0.08 | 0.14 | 0.17 | 0.19 | 0.14 | 0.17 | 0.16 | 0.17 | 0.18 |
| Cash Ratio | 1.79 | 1.79 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 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 | 3.6% | 5.0% | 4.1% | 3.3% | 3.0% | 2.8% | 3.9% | 2.7% | 3.0% | 2.7% | 2.5% |
| Payout Ratio | 41.6% | 41.6% | 212.9% | 42.6% | 29.7% | 24.8% | 35.8% | 39.4% | 38.9% | 50.5% | 46.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.6% | 12.1% | 1.9% | 7.9% | 10.2% | 11.4% | 10.9% | 7.4% | 7.6% | 5.4% | 5.4% |
| FCF Yield | 6.3% | 8.8% | 7.1% | 7.8% | 9.2% | 9.4% | 12.9% | 8.5% | 8.8% | 6.5% | 5.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.7% | 0.3% | 0.6% | 2.6% | 0.2% | 0.0% | 0.0% | 0.2% |
| Total Shareholder Yield | 3.6% | 5.0% | 4.1% | 5.0% | 3.4% | 3.5% | 6.5% | 2.9% | 3.0% | 2.7% | 2.7% |
| Shares Outstanding | — | $10M | $9M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M |
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying PFIS stock.
Peoples Financial Services Corp.'s current P/E ratio is 11.7x. The historical average is 17.5x. This places it at the 25th percentile of its historical range.
Peoples Financial Services Corp.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.4x.
Peoples Financial Services Corp.'s return on equity (ROE) is 12.0%. The historical average is 10.7%.
Based on historical data, Peoples Financial Services Corp. is trading at a P/E of 11.7x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Peoples Financial Services Corp.'s current dividend yield is 3.57% with a payout ratio of 41.6%.
Peoples Financial Services Corp. has 99.9% gross margin and 38.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Peoples Financial Services Corp.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Merger integration and margin pressure
Metrics are mathematically derived from official filings.
P/B Premium Reflects Tangible Book Growth
At a P/B of 1.35, PFIS trades at a premium to peers like FNCB (1.09) and CZNC (1.19), suggesting the market is pricing in the tangible book value accretion from the pending FNCB merger and the stability of its trust-based fee income.
The current P/B multiple of 1.35 is supported by a tangible book value per share that has grown 20% over the past ten quarters to $43.40, indicating the premium is not merely speculative but backed by balance sheet expansion. However, the P/E of 11.84 appears modest relative to the P/B, which may indicate that the market is discounting the sustainability of the current earnings trajectory, particularly given the recent EPS miss and the NIM compression risk flagged in prior analysis. Investors should monitor whether the P/B premium holds as the merger integrates, as any dilution to tangible book value could pressure the multiple.
ROE Recovery Masked by Low Asset Utilization
ROE has recovered to 2.8% in 2026Q2 from a negative -1.1% in 2024Q3, but this remains well below peer levels like NBTB's 11.3%, suggesting the bank's profitability is constrained by an exceptionally low equity-to-assets ratio of 0.10 and a NIM of just 0.8%.
The DuPont decomposition reveals that PFIS's profitability is not driven by leverage (which is conservative) but by a combination of a stable NIM and improving efficiency. The efficiency ratio's improvement from 80.9% to 58.7% has been the primary driver of the ROE recovery, indicating that operating leverage is being achieved as the balance sheet scales. However, the fee income contribution of 12.5% is lower than in early 2024, which may indicate a strategic shift toward interest-earning assets ahead of the merger, potentially increasing earnings volatility.
Efficiency Gains Offset by Structural NIM Ceiling
The efficiency ratio has improved dramatically to 58.7% from over 80% in 2024, but the net interest margin has been stuck at 0.8% for six consecutive quarters, suggesting that cost control is the primary profitability lever while the bank faces a structural ceiling on spread income.
The NIM's stability at 0.8% is notable given the significant balance sheet expansion, but it is well below the 2.5-3.0% range typical for well-run community banks, indicating either a very low-yielding asset mix or a high cost of funds. The efficiency ratio improvement appears to be a function of revenue scaling rather than absolute cost reduction, as the bank's fixed cost base for its 28-branch network and trust services remains. This dynamic suggests that further profitability improvement will require either NIM expansion or a continued shift toward higher-margin fee income, both of which face headwinds in the current environment.
Fortress Capital Position Limits Growth Leverage
With an equity-to-assets ratio of 0.10, PFIS maintains a capital position that appears to exceed regulatory minimums significantly, but this conservative stance may be constraining return on equity and limiting the bank's ability to deploy capital for organic growth or share repurchases.
The bank's capital adequacy is a clear strength, with total equity growing 57% to $536.2 million, providing a substantial buffer for the pending merger integration. However, the very low leverage is a double-edged sword; while it ensures safety, it also mechanically suppresses ROE, as evidenced by the 2.8% ROE versus peers generating over 11% with higher leverage. The conservative capital allocation, including a stable dividend, suggests management prioritizes balance sheet strength over aggressive capital deployment, which may be appropriate given the merger uncertainty but could frustrate investors seeking higher returns.
P/E Misleads on Earnings Quality and Scale
The P/E ratio of 11.84 is the most commonly misapplied metric for PFIS, as it obscures the significant impact of volatile provision expenses and the one-time costs associated with the FNCB merger on reported earnings, making the multiple appear more attractive than the underlying earnings quality warrants.
The prior analysis highlighted erratic provision swings and an EPS miss versus consensus, which directly distort the 'E' in the P/E ratio. A more meaningful metric for evaluating PFIS's valuation is the P/B ratio, which reflects the tangible asset base and is less susceptible to quarterly earnings volatility from provisions and integration costs. Furthermore, the P/E fails to capture the defensive value of the trust and wealth management fee stream, which provides earnings stability not reflected in the multiple. Analysts should instead focus on the P/B relative to the bank's ROTCE to assess whether the market is appropriately valuing its core franchise value.