Park National Corporation (PRK) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
13.56
+4% vs avg
5yr avg: 12.98
30Y Low9.2·High50.9
P/FCF
↓
16.44
+5% vs avg
5yr avg: 15.65
30Y Low8.3·High27.7
P/B Ratio
↓
2.09
+3% vs avg
5yr avg: 2.03
30Y Low1.2·High4.6
ROE
↓
13.9%
↓+5% vs avg
5yr avg: 13.2%
30Y Low2%·High24%
Debt/EBITDA
↓
0.43
↓-76% vs avg
5yr avg: 1.78
30Y Low0.4·High32.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PRK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Park National Corporation trades at 15.7x earnings, roughly in line with its 5-year average of 15.9x, sitting at the 37th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 18%. On a free-cash-flow basis, the stock trades at 16.4x P/FCF, 5% above the 5-year average of 15.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $2.5B | $2.8B | $2.2B | $2.3B | $2.3B | $1.7B | $1.7B | $1.3B | $1.6B | $1.8B |
| Enterprise Value | $3.1B | $2.4B | $2.9B | $2.4B | $2.5B | $2.5B | $1.9B | $2.0B | $1.8B | $2.3B | $2.8B |
| P/E Ratio → | 15.72 | 13.70 | 18.39 | 17.03 | 15.52 | 14.65 | 13.46 | 16.28 | 12.02 | 19.01 | 21.41 |
| P/S Ratio | 4.75 | 3.71 | 4.31 | 3.83 | 4.48 | 4.74 | 3.56 | 3.65 | 3.22 | 4.29 | 5.63 |
| P/B Ratio | 2.09 | 1.82 | 2.24 | 1.89 | 2.15 | 2.03 | 1.66 | 1.73 | 1.59 | 2.12 | 2.48 |
| P/FCF | 16.44 | 12.83 | 16.41 | 15.11 | 18.15 | 15.75 | 20.76 | 17.28 | 10.92 | 19.77 | 22.92 |
| P/OCF | 15.91 | 12.42 | 15.57 | 14.34 | 17.08 | 14.33 | 15.43 | 14.98 | 9.97 | 18.19 | 20.97 |
P/E links to full P/E history page with 30-year chart
PRK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Park National Corporation's enterprise value stands at 13.6x EBITDA, roughly in line with its 5-year average of 13.0x. The Financial Services sector median is 11.4x, placing the stock at a 19% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.65 | 4.52 | 4.19 | 4.96 | 5.21 | 3.99 | 4.29 | 4.36 | 6.27 | 8.65 |
| EV / EBITDA | 13.56 | 10.55 | 14.83 | 14.12 | 13.12 | 12.30 | 11.67 | 14.67 | 12.84 | 18.39 | 17.91 |
| EV / EBIT | 14.08 | 10.95 | 15.81 | 15.41 | 14.12 | 13.16 | 12.49 | 15.74 | 13.68 | 19.73 | 23.04 |
| EV / FCF | — | 12.63 | 17.22 | 16.56 | 20.08 | 17.30 | 23.26 | 20.31 | 14.79 | 28.87 | 35.20 |
PRK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Park National Corporation earns an operating margin of 33.3%, above the Financial Services sector average of 21.2%. Operating margins have expanded from 27.2% to 33.3% over the past 3 years, signaling improving operational efficiency. ROE of 13.9% is modest. ROIC of 11.1% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
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 | 82.1% | 82.1% | 78.4% | 82.0% | 93.0% | 99.2% | 91.3% | 84.9% | 87.4% | 86.3% | 100.0% |
| Operating Margin | 33.3% | 33.3% | 28.6% | 27.2% | 35.1% | 39.6% | 32.0% | 27.3% | 31.9% | 31.8% | 45.7% |
| Net Profit Margin | 27.1% | 27.1% | 23.5% | 22.5% | 28.9% | 32.4% | 26.5% | 22.4% | 26.8% | 22.6% | 26.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 12.7% | 11.4% | 13.6% | 14.3% | 12.7% | 11.4% | 13.9% | 11.2% | 11.8% |
| ROA | 1.8% | 1.8% | 1.5% | 1.3% | 1.5% | 1.6% | 1.4% | 1.3% | 1.4% | 1.1% | 1.2% |
| ROIC | 11.1% | 11.1% | 8.9% | 7.5% | 8.9% | 8.9% | 7.6% | 6.5% | 6.3% | 5.0% | 6.0% |
| ROCE | 3.9% | 3.9% | 4.7% | 4.0% | 12.9% | 13.6% | 11.7% | 13.9% | 1.7% | 1.6% | 2.0% |
PRK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Park National Corporation carries a Debt/EBITDA ratio of 0.4x, which is very conservative (90% below the sector average of 4.1x). The company holds a net cash position — cash of $137M exceeds total debt of $99M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 2.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.24 | 0.37 | 0.41 | 0.40 | 0.56 | 0.47 | 0.77 | 1.20 | 1.53 |
| Debt / EBITDA | 0.43 | 0.43 | 1.51 | 2.54 | 2.24 | 2.19 | 3.50 | 3.38 | 4.55 | 7.13 | 7.17 |
| Net Debt / Equity | — | -0.03 | 0.11 | 0.18 | 0.23 | 0.20 | 0.20 | 0.30 | 0.56 | 0.97 | 1.33 |
| Net Debt / EBITDA | -0.17 | -0.17 | 0.69 | 1.24 | 1.26 | 1.10 | 1.26 | 2.19 | 3.36 | 5.80 | 6.25 |
| Debt / FCF | — | -0.20 | 0.80 | 1.45 | 1.93 | 1.55 | 2.51 | 3.03 | 3.87 | 9.10 | 12.28 |
| Interest Coverage | 2.06 | 2.06 | 1.48 | 1.56 | 5.79 | 11.79 | 5.14 | 1.99 | 2.99 | 2.78 | 3.22 |
Net cash position: cash ($137M) exceeds total debt ($99M)
PRK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Park National Corporation's current ratio of 2.04x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.51x to 2.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.04 | 2.04 | 0.17 | 0.51 | 0.25 | 0.27 | 0.20 | 0.21 | — | — | — |
| Quick Ratio | 2.04 | 2.04 | 0.17 | 0.51 | 0.25 | 0.27 | 0.20 | 0.21 | — | — | — |
| Cash Ratio | 1.63 | 1.63 | 0.02 | 0.06 | 0.02 | 0.03 | 0.05 | 0.02 | — | — | — |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PRK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Park National Corporation returns 3.8% to shareholders annually — split between a 3.2% dividend yield and 0.6% buyback yield. A payout ratio of 49.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 3.2% | 3.7% | 2.8% | 3.2% | 3.3% | 3.3% | 4.1% | 4.1% | 4.8% | 3.6% | 3.1% |
| Payout Ratio | 49.9% | 49.9% | 51.2% | 54.4% | 51.6% | 48.3% | 55.0% | 67.3% | 57.1% | 68.2% | 66.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 7.3% | 5.4% | 5.9% | 6.4% | 6.8% | 7.4% | 6.1% | 8.3% | 5.3% | 4.7% |
| FCF Yield | 6.1% | 7.8% | 6.1% | 6.6% | 5.5% | 6.4% | 4.8% | 5.8% | 9.2% | 5.1% | 4.4% |
| Buyback Yield | 0.6% | 0.8% | 0.0% | 1.1% | 0.1% | 0.7% | 0.4% | 2.4% | 0.4% | 0.5% | 0.0% |
| Total Shareholder Yield | 3.8% | 4.5% | 2.8% | 4.3% | 3.4% | 4.0% | 4.5% | 6.6% | 5.2% | 4.1% | 3.1% |
| Shares Outstanding | — | $16M | $16M | $16M | $16M | $16M | $16M | $16M | $16M | $15M | $15M |
Peer Comparison
Compare PRK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PRKYou | $3B | 15.7 | 13.6 | 16.4 | 82.1% | 33.3% | 13.9% | 11.1% | 0.4 |
 FFBC | $3B | 11.5 | 12.3 | 10.1 | 68.4% | 25.5% | 9.8% | 6.4% | 3.5 |
 FULT | $4B | 10.5 | 9.9 | 14.7 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 UBSI | $6B | 13.4 | 7.6 | 12.7 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 WSBC | $3B | 15.2 | 15.3 | 11.8 | 62.9% | 19.7% | 6.5% | 4.3% | 5.3 |
 HBAN | $26B | 12.0 | 16.0 | 11.6 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 CIVB | $518M | 9.5 | 13.1 | 11.7 | 66.4% | 21.7% | 9.9% | 5.0% | 5.1 |
 FCNCA | $23B | 12.0 | 11.3 | 11.2 | 61.4% | 20.5% | 9.9% | 3.8% | 10.6 |
 FBIZ | $470M | 9.3 | 11.6 | 7.7 | 57.3% | 21.6% | 14.4% | 7.0% | 4.3 |
 MVBF | $334M | 12.6 | 4.5 | 158.1 | 71.7% | 13.6% | 8.4% | 7.0% | 2.1 |
 CHMG | $322M | 21.4 | 15.3 | 159.2 | 64.2% | 14.2% | 6.4% | 5.0% | 0.2 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonPRK — Frequently Asked Questions
Quick answers to the most common questions about buying PRK stock.
What is Park National Corporation's P/E ratio?
Park National Corporation's current P/E ratio is 15.7x. The historical average is 19.7x. This places it at the 37th percentile of its historical range.
What is Park National Corporation's EV/EBITDA?
Park National Corporation's current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.6x.
What is Park National Corporation's ROE?
Park National Corporation's return on equity (ROE) is 13.9%. The historical average is 13.9%.
Is PRK stock overvalued?
Based on historical data, Park National Corporation is trading at a P/E of 15.7x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Park National Corporation's dividend yield?
Park National Corporation's current dividend yield is 3.18% with a payout ratio of 49.9%.
What are Park National Corporation's profit margins?
Park National Corporation has 82.1% gross margin and 33.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Park National Corporation have?
Park National Corporation's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.