Latest Ratios: P/E Ratio 10.8x · EV/EBITDA 10.9x · ROE 5.5%. (1996–2025 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 | $3.6B | $3.4B | $2.1B | $1.9B | $2.1B | $2.1B | $1.9B | $2.1B | $1.6B | $1.9B | $1.8B |
| Enterprise Value | $3.6B | $3.3B | $1.6B | $1.8B | $2.7B | $749M | $1.8B | $2.5B | $1.7B | $1.9B | $1.8B |
| P/E Ratio → | 10.82 | 17.01 | 10.93 | 13.05 | 12.74 | 12.16 | 22.76 | 12.30 | 10.82 | 20.86 | 19.46 |
| P/S Ratio | 4.46 | 3.40 | 3.22 | 2.99 | 3.35 | 3.29 | 2.88 | 3.46 | 2.94 | 4.10 | 4.04 |
| P/B Ratio | 0.96 | 0.86 | 0.80 | 0.82 | 0.99 | 0.97 | 0.89 | 0.97 | 0.78 | 1.27 | 1.44 |
| P/FCF | 8.58 | 14.10 | 18.45 | 14.90 | 3.78 | 17.53 | 35.24 | 16.03 | 26.58 | 9.91 | 11.79 |
| P/OCF | 13.26 | 12.35 | 16.50 | 12.73 | 3.68 | 15.01 | 23.13 | 12.60 | 19.34 | 9.28 | 10.82 |
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 | — | 3.38 | 2.39 | 2.89 | 4.25 | 1.15 | 2.67 | 4.21 | 3.09 | 4.13 | 4.05 |
| EV / EBITDA | 10.95 | 13.73 | 5.71 | 8.60 | 10.54 | 2.77 | 12.78 | 11.23 | 8.69 | 11.77 | 12.80 |
| EV / EBIT | 15.81 | 14.72 | 6.46 | 10.31 | 12.67 | 3.36 | 17.05 | 11.65 | 8.86 | 12.12 | 13.09 |
| EV / FCF | — | 14.03 | 13.67 | 14.39 | 4.79 | 6.13 | 32.70 | 19.53 | 27.96 | 9.99 | 11.83 |
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 | 89.1% | 89.1% | 98.6% | 97.5% | 96.2% | 100.3% | 86.8% | 98.8% | 98.7% | 98.4% | 98.3% |
| Operating Margin | 23.0% | 23.0% | 37.0% | 28.0% | 33.5% | 34.2% | 15.7% | 36.1% | 34.9% | 34.1% | 31.0% |
| Net Profit Margin | 18.4% | 18.4% | 29.5% | 22.9% | 26.3% | 27.0% | 12.7% | 28.1% | 27.2% | 19.7% | 20.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.5% | 5.5% | 7.9% | 6.5% | 7.6% | 8.1% | 3.9% | 8.0% | 8.3% | 6.7% | 8.0% |
| ROA | 0.8% | 0.8% | 1.1% | 0.8% | 1.0% | 1.1% | 0.6% | 1.3% | 1.3% | 1.0% | 1.1% |
| ROIC | 4.2% | 4.2% | 5.9% | 4.2% | 5.3% | 6.3% | 2.8% | 5.7% | 6.3% | 7.1% | 6.5% |
| ROCE | 1.5% | 1.5% | 7.7% | 6.1% | 7.4% | 7.8% | 3.7% | 8.4% | 8.9% | 9.5% | 9.6% |
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 | 0.27 | 0.27 | 0.20 | 0.32 | 0.53 | 0.22 | 0.23 | 0.41 | 0.32 | 0.20 | 0.25 |
| Debt / EBITDA | 4.34 | 4.34 | 1.94 | 3.47 | 4.49 | 1.80 | 3.59 | 3.87 | 3.39 | 1.81 | 2.25 |
| Net Debt / Equity | — | -0.00 | -0.21 | -0.03 | 0.26 | -0.63 | -0.06 | 0.21 | 0.04 | 0.01 | 0.00 |
| Net Debt / EBITDA | -0.06 | -0.06 | -2.00 | -0.30 | 2.22 | -5.16 | -0.99 | 2.01 | 0.43 | 0.10 | 0.04 |
| Debt / FCF | — | -0.06 | -4.78 | -0.51 | 1.01 | -11.40 | -2.54 | 3.50 | 1.38 | 0.08 | 0.04 |
| Interest Coverage | 0.49 | 0.49 | 0.65 | 0.64 | 3.49 | 4.99 | 1.45 | 2.18 | 2.89 | 4.22 | 4.82 |
Net cash position: cash ($1.1B) exceeds total debt ($1.1B)
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 | 1.93 | 1.93 | 0.14 | 0.13 | 0.16 | 0.31 | 0.17 | 0.17 | 0.18 | 0.13 | 0.14 |
| Quick Ratio | 1.93 | 1.93 | 0.14 | 0.13 | 0.16 | 0.31 | 0.17 | 0.17 | 0.18 | 0.13 | 0.14 |
| Cash Ratio | 1.93 | 1.93 | 0.07 | 0.06 | 0.04 | 0.13 | 0.05 | 0.04 | 0.05 | 0.04 | 0.04 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 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 | 2.1% | 2.3% | 2.5% | 2.7% | 2.4% | 2.3% | 2.6% | 2.5% | 2.7% | 1.8% | 1.7% |
| Payout Ratio | 43.4% | 43.4% | 27.5% | 34.8% | 30.1% | 28.4% | 59.9% | 30.4% | 29.7% | 37.3% | 32.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.2% | 5.9% | 9.1% | 7.7% | 7.8% | 8.2% | 4.4% | 8.1% | 9.2% | 4.8% | 5.1% |
| FCF Yield | 11.6% | 7.1% | 5.4% | 6.7% | 26.5% | 5.7% | 2.8% | 6.2% | 3.8% | 10.1% | 8.5% |
| Buyback Yield | 0.4% | 0.4% | 0.0% | 0.0% | 0.0% | 1.0% | 1.3% | 3.1% | 0.4% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.5% | 2.7% | 2.5% | 2.7% | 2.4% | 3.3% | 3.9% | 5.5% | 3.2% | 1.8% | 1.7% |
| Shares Outstanding | — | $95M | $60M | $56M | $56M | $56M | $56M | $58M | $53M | $47M | $42M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RNST stock.
Renasant Corporation's current P/E ratio is 10.8x. The historical average is 15.5x. This places it at the 7th percentile of its historical range.
Renasant Corporation's current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
Renasant Corporation's return on equity (ROE) is 5.5%. The historical average is 8.7%.
Based on historical data, Renasant Corporation is trading at a P/E of 10.8x. This is at the 7th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Renasant Corporation's current dividend yield is 2.10% with a payout ratio of 43.4%.
Renasant Corporation has 89.1% gross margin and 23.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Renasant Corporation's Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Provision volatility and fee income swings
Metrics are mathematically derived from official filings.
Discount to Book Reflects Earnings Skepticism
Based on Renasant's reported figures, the stock trades at 0.96 times book value and a trailing P/E of 19.03, a combination that suggests the market is pricing the franchise below its asset base while doubting the durability of recent earnings.
The price-to-book ratio below 1.0x, against a tangible book value per share near $24.96 and a share price of $39.39, implies the market is not paying a premium for the franchise. The gap between trailing P/E of 19.03 and forward P/E of 10.74 suggests investors expect earnings to normalize materially higher, though this inference depends on forecasts not included in the supplied data. Investors should monitor whether return on tangible equity can recover toward levels that would justify book value, as current quarterly ROE readings of 2.0% to 2.3% appear too low to support a premium multiple.
Thin ROE Driven by Lumpy Fee Income
According to reported figures, return on equity has ranged from 0.0% to 2.9% over ten quarters with the latest reading at 2.0%, a level that suggests core spread earnings alone are insufficient to generate attractive shareholder returns.
A DuPont view points to a roughly 0.8% net interest margin and an asset base near $27B against equity of about 14% of assets, so returns are constrained by a thin spread rather than by leverage. Fee share swings between 3.2% and 106.7% indicate that a large share of reported profitability in certain quarters came from non-interest sources that may not recur. The consistent sub-2.5% ROA suggests underlying earnings power remains modest and warrants further investigation into the quality of fee contributions.
Compressed Spread and Volatile Efficiency
As reported in financial statements, net interest margin has held in a narrow 0.7% to 0.9% band while the efficiency ratio swung from 25.5% to 68.7%, pointing to a structurally thin spread and operating results that depend heavily on revenue timing.
A margin near 0.8% is low for a regional bank and may indicate that funding costs or asset yields are leaving limited room for error in a shifting rate environment. The efficiency ratio's wide range is more consistent with fluctuating revenue denominators than with genuine cost discipline, since expense levels did not swing with comparable magnitude. Investors should monitor whether the 58.7% latest reading reflects sustainable cost control or a temporary revenue lift.
Equity Ratio Stable but Regulatory Ratios Absent
Based on Renasant's reported figures, equity to assets has held between 0.13 and 0.15 across ten quarters, a stable capital ratio, though CET1 and Tier 1 regulatory measures are not included in the supplied dataset.
A stable equity-to-assets ratio near 14% suggests the capital base has grown in proportion to the balance sheet following the step-up in total assets to roughly $27B. Without CET1, Tier 1, or total capital ratios, capacity for buybacks or dividend increases cannot be assessed against regulatory minimums. The low debt-to-equity figure of 0.27% in the supplied data points to limited leverage, which is supportive, but a full capital adequacy judgment requires the regulatory disclosures.
Provision Spike Requires Credit Normalization Check
According to reported figures, provision expense rose to $81.3 million in the second quarter of 2025 from a run-rate near $5 million, and subsequent quarters have normalized to roughly $5 million to $13 million, warranting investigation into the underlying cause.
The magnitude of the 2025 second-quarter spike is large relative to the typical run-rate and may reflect either a discrete credit event or a CECL-driven reserve build tied to macroeconomic forecasts. Reserve coverage, nonperforming loan levels, and charge-off data are not included in the supplied dataset, so the adequacy of current reserves cannot be confirmed. Investors should monitor whether provisions stabilize at the lower run-rate without requiring further reserve releases to support reported earnings.
Lagging Peers on Returns, Discount Largely Justified
Based on peer data, Renasant's ROE of roughly 2% trails Home Bancshares at 11.3%, 1st Source at 13.3%, and BancFirst at 13.3%, while its 0.96x price-to-book sits near the low end of the group, suggesting the discount reflects a return gap.
The return gap relative to Home Bancshares, 1st Source, and BancFirst is large and appears structural in the near term given the thin margin and fee volatility. Its price-to-book of 0.96x is below HOMB at 1.37x, SRCE at 1.61x, and BANF at 2.11x, consistent with a market that rewards higher ROE with higher book multiples. Investors should monitor whether the discount narrows as earnings normalize, since closing the gap would require sustained returns closer to the peer median.
Price-to-Book Misleads Without Tangible Adjustment
Price-to-book, the most intuitive bank multiple, can flatter Renasant's valuation because the step-up in acquired assets may have inflated goodwill and intangibles, so the tangible book multiple is the more appropriate comparison.
Acquisition-driven balance sheet growth suggests a material portion of book equity may be goodwill and intangibles, which do not generate loss-absorbing capital or earnings in the same way as tangible equity. Relying on headline P/B could therefore understate the true premium or discount paid for the earning franchise. Investors should compare price to tangible book value per share of roughly $24.96 and assess return on tangible common equity, which better isolates the economics of the business.