Latest Ratios: P/E Ratio 10.6x · EV/EBITDA 11.4x · ROE 10.7%. (2001–2025 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 | $3.1B | $2.6B | $2.1B | $1.3B | $1.6B | $1.9B | $1.3B | $1.6B | $1.6B | $1.7B | $1.8B |
| Enterprise Value | $5.4B | $4.9B | $4.3B | $2.7B | $2.8B | $1.8B | $1.9B | $2.5B | $2.9B | $3.3B | $3.3B |
| P/E Ratio → | 10.60 | 8.86 | 17.97 | 10.54 | 9.09 | 11.06 | 12.92 | 14.17 | 13.26 | 18.60 | 20.51 |
| P/S Ratio | 2.23 | 1.86 | 1.82 | 1.94 | 2.88 | 3.79 | 2.87 | 3.67 | 3.75 | 4.59 | 5.05 |
| P/B Ratio | 1.09 | 0.91 | 0.80 | 0.80 | 1.00 | 1.09 | 0.77 | 1.13 | 1.16 | 1.34 | 1.44 |
| P/FCF | 7.15 | 5.98 | 4.87 | 8.14 | 8.37 | 12.97 | 13.82 | 12.08 | 10.30 | 15.28 | 14.77 |
| P/OCF | 6.97 | 5.83 | 4.86 | 7.79 | 7.97 | 11.82 | 12.11 | 11.65 | 10.09 | 14.86 | 14.19 |
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 | — | 3.53 | 3.76 | 3.88 | 4.98 | 3.64 | 4.40 | 5.82 | 6.86 | 8.68 | 9.16 |
| EV / EBITDA | 11.37 | 10.31 | 20.99 | 13.64 | 10.46 | 7.12 | 13.00 | 15.27 | 18.64 | 21.65 | 23.81 |
| EV / EBIT | 13.20 | 11.97 | 28.65 | 15.36 | 11.49 | 7.83 | 15.05 | 17.23 | 19.95 | 23.44 | 26.25 |
| EV / FCF | — | 11.34 | 10.08 | 16.28 | 14.45 | 12.44 | 21.21 | 19.19 | 18.82 | 28.89 | 26.78 |
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 | 62.7% | 62.7% | 53.2% | 64.8% | 90.3% | 97.2% | 81.1% | 80.1% | 80.2% | 86.5% | 86.3% |
| Operating Margin | 29.5% | 29.5% | 13.1% | 25.3% | 43.3% | 46.4% | 29.3% | 33.8% | 34.4% | 37.0% | 34.9% |
| Net Profit Margin | 21.1% | 21.1% | 10.1% | 18.5% | 31.7% | 34.3% | 22.2% | 25.9% | 28.3% | 24.8% | 24.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | 5.4% | 7.8% | 10.7% | 10.1% | 6.4% | 8.1% | 8.9% | 7.4% | 7.2% |
| ROA | 1.2% | 1.2% | 0.6% | 0.9% | 1.3% | 1.3% | 0.9% | 1.2% | 1.2% | 1.0% | 1.0% |
| ROIC | 5.9% | 5.9% | 2.7% | 4.3% | 6.8% | 6.6% | 3.6% | 4.1% | 3.7% | 3.6% | 3.2% |
| ROCE | 7.5% | 7.5% | 3.3% | 5.1% | 8.8% | 8.5% | 4.6% | 5.5% | 5.0% | 4.9% | 4.6% |
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 | 0.93 | 0.91 | 0.84 | 0.38 | 0.74 | 0.80 | 1.06 | 1.34 | 1.29 |
| Debt / EBITDA | 5.32 | 5.32 | 11.86 | 7.73 | 5.11 | 2.55 | 8.14 | 6.78 | 9.36 | 11.45 | 11.73 |
| Net Debt / Equity | — | 0.81 | 0.85 | 0.80 | 0.73 | -0.04 | 0.41 | 0.66 | 0.96 | 1.19 | 1.17 |
| Net Debt / EBITDA | 4.87 | 4.87 | 10.85 | 6.82 | 4.40 | -0.30 | 4.53 | 5.65 | 8.44 | 10.20 | 10.68 |
| Debt / FCF | — | 5.36 | 5.21 | 8.14 | 6.08 | -0.53 | 7.39 | 7.11 | 8.52 | 13.61 | 12.01 |
| Interest Coverage | 0.80 | 0.80 | 0.34 | 0.81 | 4.94 | 6.25 | 2.51 | 2.00 | 2.43 | 3.08 | 2.85 |
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 | 0.18 | 0.18 | 0.16 | 0.19 | 0.19 | 0.25 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 |
| Quick Ratio | 0.18 | 0.18 | 0.16 | 0.19 | 0.19 | 0.25 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.06 | 0.05 | 0.03 | 0.02 | 0.03 | 0.02 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 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 | 4.1% | 4.9% | 4.9% | 5.4% | 4.5% | 3.9% | 5.3% | 4.6% | 3.4% | 3.4% | 2.5% |
| Payout Ratio | 43.2% | 43.2% | 87.4% | 56.4% | 41.0% | 42.6% | 67.9% | 64.6% | 45.3% | 63.8% | 51.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.4% | 11.3% | 5.6% | 9.5% | 11.0% | 9.0% | 7.7% | 7.1% | 7.5% | 5.4% | 4.9% |
| FCF Yield | 14.0% | 16.7% | 20.5% | 12.3% | 12.0% | 7.7% | 7.2% | 8.3% | 9.7% | 6.5% | 6.8% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.0% | 2.9% | 1.1% | 1.7% | 1.2% | 0.8% | 0.0% | 0.1% |
| Total Shareholder Yield | 4.1% | 4.9% | 4.9% | 5.4% | 7.4% | 5.0% | 7.0% | 5.8% | 4.3% | 3.5% | 2.6% |
| Shares Outstanding | — | $131M | $110M | $75M | $75M | $77M | $70M | $65M | $65M | $65M | $64M |
CRE Concentration and Integration
With a P/B ratio of 1.09, Provident Financial Services is currently trading at a modest premium to its tangible book value, suggesting that investors remain cautious about the long-term earnings power of the combined entity following the recent Lakeland Bancorp merger as reported in recent financial filings.
The current valuation multiple appears to reflect a market that is still digesting the integration of a significantly larger balance sheet. Investors should monitor whether the bank can improve its return on tangible equity, as the current valuation suggests the market is not yet pricing in a premium franchise status.
Based on the provided quarterly data, the bank's ROE has remained constrained in the low single digits, peaking at 3.0% in 2025Q4, which indicates that the recent expansion has yet to translate into meaningful bottom-line profitability for shareholders despite the significant increase in total assets.
The DuPont decomposition suggests that profitability is currently pressured by a combination of thin net interest margins and the absorption of merger-related costs. The bank's reliance on commercial lending in a high-rate environment appears to be limiting the efficiency of its asset utilization.
According to quarterly performance data, the net interest margin has remained stagnant at 0.8% throughout early 2026, while the efficiency ratio has improved to 33.8%, suggesting that management is successfully controlling operating expenses even as the interest rate environment continues to compress the bank's core lending spreads.
The improvement in the efficiency ratio is a positive indicator of successful post-merger cost rationalization. However, the persistent margin compression warrants further investigation into whether the bank's funding costs are structurally higher than those of its regional peers.
Investors frequently misapply the P/E ratio to Provident Financial Services, which obscures the volatility inherent in CECL-based provision expenses and merger-related accounting adjustments that can artificially distort quarterly earnings figures as noted in the company's recent financial disclosures.
The P/E ratio is a poor proxy for value in this context because it fails to account for the bank's capital adequacy and the cyclical nature of its provision for credit losses. Analysts should prioritize P/TBV and ROTCE to better assess the bank's underlying value and capital efficiency.
Includes 30+ ratios · 25 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PFS stock.
Provident Financial Services, Inc.'s current P/E ratio is 10.6x. The historical average is 18.0x. This places it at the 14th percentile of its historical range.
Provident Financial Services, 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 19.8x.
Provident Financial Services, Inc.'s return on equity (ROE) is 10.7%. The historical average is 6.1%.
Based on historical data, Provident Financial Services, Inc. is trading at a P/E of 10.6x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Provident Financial Services, Inc.'s current dividend yield is 4.08% with a payout ratio of 43.2%.
Provident Financial Services, Inc. has 62.7% gross margin and 29.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Provident Financial Services, Inc.'s Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.