Latest Ratios: P/E Ratio 31.4x · EV/EBITDA 11.4x · ROE 3.2%. (2013–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $240M | $191M | $167M | $120M | $322M | $218M | $225M | $100M | $120M | $81M | $61M |
| Enterprise Value | $119M | $71M | $56M | $170M | $187M | $152M | $194M | $139M | $100M | $120M | $98M |
| P/E Ratio → | 31.40 | 26.51 | 15.26 | — | 20.00 | 18.18 | 20.75 | 10.73 | 15.22 | 12.84 | 16.92 |
| P/S Ratio | 2.55 | 2.03 | 1.74 | 1.42 | 4.65 | 3.40 | 4.04 | 2.15 | 2.63 | 2.44 | 2.09 |
| P/B Ratio | 0.98 | 0.83 | 0.75 | 0.58 | 1.38 | 0.92 | 0.97 | 0.80 | 1.04 | 0.74 | 0.60 |
| P/FCF | 20.83 | 16.60 | 32.06 | 5.54 | 13.46 | 12.60 | 19.97 | 6.96 | 19.91 | 10.51 | 12.22 |
| P/OCF | 20.18 | 16.08 | 30.10 | 5.48 | 13.24 | 11.97 | 12.85 | 5.96 | 12.71 | 9.45 | 8.96 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.75 | 0.58 | 2.02 | 2.69 | 2.37 | 3.49 | 3.00 | 2.18 | 3.61 | 3.35 |
| EV / EBITDA | 11.42 | 6.75 | 3.51 | — | 8.07 | 8.57 | 12.13 | 10.34 | 6.17 | 11.81 | 16.62 |
| EV / EBIT | 12.72 | 7.53 | 3.77 | — | 8.45 | 9.14 | 13.28 | 11.09 | 6.49 | 12.86 | 18.90 |
| EV / FCF | — | 6.13 | 10.67 | 7.88 | 7.81 | 8.79 | 17.24 | 9.71 | 16.46 | 15.57 | 19.61 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.6% | 57.6% | 67.3% | 28.2% | 89.5% | 82.0% | 75.8% | 81.6% | 85.4% | 89.5% | 89.8% |
| Operating Margin | 10.0% | 10.0% | 15.4% | -32.2% | 31.9% | 26.0% | 26.3% | 27.0% | 33.5% | 28.1% | 17.7% |
| Net Profit Margin | 7.7% | 7.7% | 11.4% | -25.4% | 23.3% | 18.7% | 19.4% | 20.0% | 17.3% | 19.0% | 13.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.2% | 3.2% | 5.1% | -9.7% | 6.9% | 5.1% | 6.1% | 7.7% | 7.0% | 6.0% | 4.3% |
| ROA | 0.4% | 0.4% | 0.7% | -1.3% | 1.0% | 0.9% | 1.0% | 1.0% | 0.9% | 0.8% | 0.5% |
| ROIC | 2.3% | 2.3% | 3.3% | -6.9% | 6.6% | 4.9% | 4.8% | 5.6% | 7.6% | 4.4% | 2.8% |
| ROCE | 3.8% | 3.8% | 6.0% | -10.5% | 8.2% | 6.1% | 6.1% | 7.0% | 9.6% | 5.6% | 3.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.49 | 0.63 | 0.08 | 0.08 | 0.13 | 0.54 | 0.23 | 0.46 | 0.57 |
| Debt / EBITDA | 4.63 | 4.63 | 6.86 | — | 0.77 | 1.02 | 1.80 | 5.05 | 1.66 | 4.89 | 9.73 |
| Net Debt / Equity | — | -0.52 | -0.50 | 0.24 | -0.58 | -0.28 | -0.13 | 0.31 | -0.18 | 0.36 | 0.36 |
| Net Debt / EBITDA | -11.55 | -11.55 | -7.02 | — | -5.85 | -3.72 | -1.92 | 2.92 | -1.29 | 3.84 | 6.27 |
| Debt / FCF | — | -10.47 | -21.38 | 2.33 | -5.66 | -3.81 | -2.73 | 2.75 | -3.45 | 5.06 | 7.39 |
| Interest Coverage | 0.24 | 0.24 | 0.46 | -6.34 | 6.56 | 2.80 | 1.79 | 2.41 | 4.12 | 3.36 | 2.39 |
Net cash position: cash ($169M) exceeds total debt ($48M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.13 | 0.13 | 0.18 | 0.08 | 0.13 | 0.10 | 0.12 | 0.11 | 0.15 | 0.21 | 0.18 |
| Quick Ratio | 0.13 | 0.13 | 0.18 | 0.08 | 0.13 | 0.10 | 0.12 | 0.11 | 0.15 | 0.21 | 0.18 |
| Cash Ratio | 0.13 | 0.13 | 0.15 | 0.06 | 0.10 | 0.07 | 0.07 | 0.04 | 0.06 | 0.02 | 0.04 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | 15.9% | 13.7% | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 3.8% | 6.6% | — | 5.0% | 5.5% | 4.8% | 9.3% | 6.6% | 7.8% | 5.9% |
| FCF Yield | 4.8% | 6.0% | 3.1% | 18.0% | 7.4% | 7.9% | 5.0% | 14.4% | 5.0% | 9.5% | 8.2% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $17M | $17M | $16M | $17M | $18M | $18M | $9M | $9M | $9M | $9M |
Niche asset concentration volatility
According to recent market data, PVBC trades at a P/B of 0.98, which suggests that investors are applying a significant complexity discount to the bank's specialized digital asset business model compared to the broader regional banking peer group that typically commands higher book value multiples.
The current valuation appears to reflect market skepticism regarding the bank's ability to generate sustainable returns on tangible equity given the volatility of its niche lending segments. Investors should monitor whether the forward P/E of 20.77 indicates an expectation of earnings recovery or if it merely highlights the depressed earnings base currently being reported.
Based on the provided quarterly financial data, the bank's ROE has struggled to exceed 2.1% in any single quarter over the last two years, indicating that the combination of thin net interest margins and high operating overhead is severely constraining the bank's overall profitability quality.
The decomposition of profitability suggests that the bank's reliance on specialized, potentially volatile fee income has not yet offset the structural costs of its compliance-heavy business model. The persistent sub-par ROE warrants further investigation into whether the current asset utilization levels are sufficient to justify the bank's specialized operational footprint.
As reported in financial statements, the net interest margin has remained suppressed between 0.7% and 0.9% over the last ten quarters, while the efficiency ratio frequently exceeds 50%, signaling that the bank is struggling to achieve the operating leverage necessary to support its specialized banking infrastructure.
The inability to expand NIM in a volatile rate environment suggests that the bank's funding costs are likely rising in tandem with asset yields, effectively neutralizing any potential spread expansion. This trend implies that the bank's cost structure is currently too rigid to adapt to the shifting interest rate landscape.
According to recent regulatory filings, the equity-to-assets ratio has improved from 0.12 in 2023Q3 to 0.16 in 2025Q3, which indicates a defensive capital posture as the bank manages the risks associated with its specialized loan portfolio and ongoing balance sheet contraction.
While the strengthening capital ratio provides a buffer against potential credit losses, it also suggests a lack of deployment opportunities for capital in the current environment. Investors should monitor whether this capital accumulation is a deliberate strategy to mitigate niche-related risks or a symptom of limited growth prospects.
The P/E ratio is frequently misapplied to PVBC, as it obscures the significant volatility introduced by quarterly provisions for credit losses and non-recurring fee income, which can lead to misleading conclusions about the bank's core earnings power and long-term profitability trajectory.
Analysts should instead prioritize P/TBV and ROE, as these metrics better capture the bank's capital efficiency and the underlying value of its tangible assets. Relying on P/E in this context may lead to an overestimation of earnings stability, failing to account for the lumpy nature of the bank's specialized lending activities.
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying PVBC stock.
Provident Bancorp, Inc.'s current P/E ratio is 31.4x. The historical average is 17.4x. This places it at the 100th percentile of its historical range.
Provident Bancorp, 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 9.3x.
Provident Bancorp, Inc.'s return on equity (ROE) is 3.2%. The historical average is 4.5%.
Based on historical data, Provident Bancorp, Inc. is trading at a P/E of 31.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Provident Bancorp, Inc. has 57.6% gross margin and 10.0% operating margin.
Provident Bancorp, Inc.'s Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.