Latest Ratios: P/E Ratio 19.2x · EV/EBITDA 14.9x · 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 → | 19.18 | 17.01 | 10.93 | 13.05 | 12.74 | 12.16 | 22.76 | 12.30 | 10.82 | 20.86 | 19.46 |
| P/S Ratio | 3.68 | 3.40 | 3.22 | 2.99 | 3.35 | 3.29 | 2.88 | 3.46 | 2.94 | 4.10 | 4.04 |
| P/B Ratio | 0.97 | 0.86 | 0.80 | 0.82 | 0.99 | 0.97 | 0.89 | 0.97 | 0.78 | 1.27 | 1.44 |
| P/FCF | 15.26 | 14.10 | 18.45 | 14.90 | 3.78 | 17.53 | 35.24 | 16.03 | 26.58 | 9.91 | 11.79 |
| P/OCF | 13.37 | 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 | 14.87 | 13.73 | 5.71 | 8.60 | 10.54 | 2.77 | 12.78 | 11.23 | 8.69 | 11.77 | 12.80 |
| EV / EBIT | 15.94 | 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 | 60.8% | 60.8% | 62.9% | 67.7% | 87.8% | 93.9% | 78.4% | 84.8% | 88.1% | 91.0% | 92.4% |
| Operating Margin | 15.7% | 15.7% | 23.6% | 19.5% | 30.6% | 32.0% | 14.1% | 31.0% | 31.1% | 31.5% | 29.1% |
| Net Profit Margin | 12.6% | 12.6% | 18.8% | 15.9% | 24.0% | 25.3% | 11.4% | 24.1% | 24.3% | 18.2% | 19.5% |
| 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 | — | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 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 | 5.2% | 5.9% | 9.1% | 7.7% | 7.8% | 8.2% | 4.4% | 8.1% | 9.2% | 4.8% | 5.1% |
| FCF Yield | 6.6% | 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 | 2.4% | 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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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RNST stock.
Renasant Corporation's current P/E ratio is 19.2x. The historical average is 15.5x. This places it at the 83th percentile of its historical range.
Renasant Corporation's current EV/EBITDA is 14.9x. 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 19.2x. This is at the 83th 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 2.08% with a payout ratio of 43.4%.
Renasant Corporation has 60.8% gross margin and 15.7% operating margin. Operating margin between 10-20% is typical for established companies.
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
NII volatility and margin compression
Metrics are mathematically derived from official filings.
Discount Valuation, Premium Return Potential
Trading at 1.02x book and 11.06x forward earnings, Renasant's valuation implies modest expectations, yet its 2.0% dividend yield and 24.84 tangible book per share suggest upside if returns normalize.
The P/B of 1.02x is near the peer average, but the forward P/E of 11.06x is at a discount to the group, suggesting the market is pricing in continued margin pressure. The tangible book value per share has grown steadily from 21.96 in 2024Q1 to 24.84 in 2026Q2, indicating capital accumulation. If the bank can sustain a normalized ROE above its cost of equity, the current valuation may understate its franchise value.
ROE Suppressed by Thin NIM
ROE has hovered near 2% over the past year, with NIM at 0.8% in 2026Q2, far below the 3%+ typical for regional banks, indicating a structural yield disadvantage.
The DuPont decomposition reveals that the bank's ROE is constrained by a net interest margin that has remained below 1% for the past five quarters, despite a stable equity-to-assets ratio of 0.14. Fee income as a percentage of revenue has been volatile, ranging from 2.1% to 16.2%, which adds instability to the revenue stream. The efficiency ratio spiked to 90% in 2026Q2, driven by a collapse in revenue, but has otherwise been in the 39-44% range, suggesting that the core cost structure is manageable when revenue normalizes.
NIM Drag from Excess Cash
Net interest margin remains depressed at 0.8% in 2026Q2, while the bank holds $1.07B in cash, suggesting that excess liquidity is a drag on asset yields.
The NIM has been stuck in a narrow 0.7-0.9% band for the past year, well below the industry average, indicating that the bank's asset yields are not keeping pace with its funding costs. The high cash balance, which represents a significant portion of total assets, is likely earning minimal interest, further compressing the margin. The efficiency ratio, excluding the anomalous 90% quarter, has been stable in the 39-44% range, suggesting that cost control is not the primary issue; rather, the revenue side is under pressure.
Stable Leverage, Limited Buffer
Equity-to-assets ratio has held steady at 0.14-0.15 over the past year, indicating a stable but modest capital position relative to peers.
The equity-to-assets ratio of 0.14 is consistent with the bank's historical range, but it is lower than some peers, suggesting limited capacity for additional leverage. The tangible book value per share has grown steadily, indicating that capital is being retained, but the low ROE limits the pace of organic capital generation. Given the regulatory environment for banks over $10 billion in assets, the bank may need to maintain higher capital ratios, which could constrain future M&A or capital return.
Credit Costs Normalize After Spike
Loan loss provisions normalized to $5.0M in 2026Q2 from a spike of $81.3M in 2025Q2, suggesting that the earlier credit event was likely a one-off adjustment.
The provision for credit losses in 2025Q2 was unusually high, but the subsequent quarters have seen provisions return to a more typical range, indicating that the spike may have been due to a model change or a specific reserve build. The bank's exposure to commercial real estate, particularly in the Southeast, appears stable, but investors should monitor the office segment, which may face headwinds. The normalization of credit costs is a positive sign, but the earlier spike warrants continued vigilance.
Laggard in Returns, Leader in Stability
Renasant's ROE of 2.3% in 2026Q2 trails peers like HOMB (11.3%) and BANF (13.4%), but its P/B of 1.02x is lower, suggesting a value-oriented market perception.
Compared to its Southeast peers, Renasant's profitability metrics are significantly lower, with ROE and ROA well below the group average. However, its valuation multiples are also lower, with a P/B of 1.02x versus HOMB's 1.39x and BANF's 2.06x, indicating that the market is pricing in the weaker returns. The bank's deposit franchise in secondary markets may provide a stable funding base, but it has not translated into superior profitability, possibly due to a conservative loan mix or higher operating costs.
P/E Misleads on Earnings Quality
The trailing P/E of 20.05x is distorted by the anomalous 2026Q2 net interest income of -$455.8M, which may not reflect ongoing operations, making forward P/E a more reliable gauge.
The most commonly misapplied ratio for Renasant is the P/E, because the bank's earnings are subject to significant volatility from items like MSR mark-to-market adjustments and provision spikes. The trailing P/E of 20.05x is inflated by the negative NII in 2026Q2, which appears to be a non-recurring event. Investors should instead focus on the forward P/E of 11.06x, which normalizes for these anomalies, and also consider P/TBV, which is more stable and reflects the bank's tangible capital position.