Latest Ratios: P/E Ratio 13.1x · EV/EBITDA 10.7x · ROE 10.5%. (1997–2025 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 | $779M | $591M | $528M | $379M | $346M | $274M | $181M | $221M | $185M | $212M | $193M |
| Enterprise Value | $840M | $652M | $204M | $91M | $383M | $-241474850 | $24M | $148M | $194M | $202M | $120M |
| P/E Ratio → | 13.08 | 9.93 | 12.01 | 33.93 | 11.10 | 17.82 | 11.50 | 13.67 | 7.42 | 18.76 | 20.07 |
| P/S Ratio | 2.27 | 1.72 | 1.62 | 1.59 | 2.53 | 3.27 | 2.57 | 3.17 | 2.88 | 3.82 | 3.40 |
| P/B Ratio | 1.32 | 1.00 | 0.98 | 0.74 | 0.95 | 0.78 | 0.93 | 1.15 | 1.01 | 1.30 | 1.25 |
| P/FCF | 13.16 | 9.97 | 12.68 | 22.60 | 6.89 | — | 11.26 | 19.22 | 10.80 | 11.63 | 10.56 |
| P/OCF | 12.49 | 9.47 | 11.27 | 16.67 | 6.57 | — | 9.81 | 16.08 | 10.13 | 10.88 | 10.17 |
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 | — | 1.90 | 0.63 | 0.38 | 2.80 | -2.89 | 0.34 | 2.12 | 3.01 | 3.64 | 2.12 |
| EV / EBITDA | 10.67 | 8.27 | 2.73 | 3.64 | 7.99 | -9.95 | 1.03 | 6.10 | 8.28 | 10.32 | 6.57 |
| EV / EBIT | 10.68 | 8.28 | 3.48 | 6.45 | 9.10 | -11.40 | 1.15 | 6.77 | 9.18 | 11.26 | 7.58 |
| EV / FCF | — | 11.00 | 4.90 | 5.46 | 7.63 | — | 1.51 | 12.89 | 11.30 | 11.08 | 6.58 |
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 | 63.2% | 63.2% | 60.3% | 54.0% | 89.4% | 93.2% | 84.4% | 85.2% | 89.2% | 91.8% | 92.5% |
| Operating Margin | 23.0% | 23.0% | 18.0% | 5.9% | 30.8% | 25.3% | 29.9% | 31.4% | 32.8% | 32.3% | 28.0% |
| Net Profit Margin | 17.4% | 17.4% | 13.4% | 4.7% | 22.8% | 18.4% | 22.3% | 23.2% | 38.8% | 20.2% | 17.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.5% | 10.5% | 8.3% | 2.6% | 8.7% | 5.6% | 8.1% | 8.6% | 14.4% | 7.1% | 6.4% |
| ROA | 1.0% | 1.0% | 0.7% | 0.2% | 0.9% | 0.6% | 0.9% | 1.1% | 1.7% | 0.9% | 0.8% |
| ROIC | 8.6% | 8.6% | 6.9% | 2.0% | 7.2% | 4.9% | 7.2% | 6.9% | 7.1% | 7.9% | 7.7% |
| ROCE | 2.3% | 2.3% | 8.8% | 2.7% | 9.9% | 6.5% | 9.5% | 10.4% | 11.4% | 11.1% | 10.4% |
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 | 0.19 | 0.19 | 0.25 | 0.17 | 0.26 | 0.20 | 0.16 | 0.12 | 0.41 | 0.13 | 0.02 |
| Debt / EBITDA | 1.41 | 1.41 | 1.81 | 3.39 | 1.94 | 2.83 | 1.29 | 0.92 | 3.23 | 1.11 | 0.17 |
| Net Debt / Equity | — | 0.10 | -0.60 | -0.56 | 0.10 | -1.47 | -0.80 | -0.38 | 0.05 | -0.06 | -0.47 |
| Net Debt / EBITDA | 0.77 | 0.77 | -4.34 | -11.43 | 0.78 | -21.22 | -6.66 | -2.99 | 0.37 | -0.51 | -3.96 |
| Debt / FCF | — | 1.03 | -7.78 | -17.14 | 0.75 | — | -9.75 | -6.32 | 0.50 | -0.55 | -3.98 |
| Interest Coverage | 0.67 | 0.67 | 0.47 | 0.18 | 3.36 | 3.51 | 2.97 | 2.27 | 4.01 | 7.90 | 6.62 |
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 | 6.23 | 6.23 | 0.11 | 0.09 | 0.05 | 0.23 | 0.20 | 0.17 | 0.18 | 0.19 | 0.24 |
| Quick Ratio | 6.23 | 6.23 | 0.11 | 0.09 | 0.05 | 0.23 | 0.20 | 0.17 | 0.18 | 0.19 | 0.24 |
| Cash Ratio | 4.55 | 4.55 | 0.08 | 0.07 | 0.02 | 0.19 | 0.11 | 0.07 | 0.05 | 0.03 | 0.08 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.04 | 0.02 | 0.04 | 0.04 | 0.04 | 0.04 | 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% | 2.7% | 3.0% | 3.4% | 2.8% | 2.4% | 3.3% | 2.4% | 2.2% | 1.3% | 0.9% |
| Payout Ratio | 27.0% | 27.0% | 36.5% | 113.4% | 30.6% | 43.0% | 37.8% | 33.0% | 16.3% | 24.8% | 18.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.6% | 10.1% | 8.3% | 2.9% | 9.0% | 5.6% | 8.7% | 7.3% | 13.5% | 5.3% | 5.0% |
| FCF Yield | 7.6% | 10.0% | 7.9% | 4.4% | 14.5% | — | 8.9% | 5.2% | 9.3% | 8.6% | 9.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 5.1% | 2.1% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.1% | 2.7% | 3.0% | 3.4% | 2.8% | 2.7% | 8.4% | 4.5% | 2.3% | 1.3% | 0.9% |
| Shares Outstanding | — | $33M | $33M | $27M | $20M | $13M | $12M | $13M | $13M | $13M | $13M |
CRE concentration and integration
Based on recent financial data, SHBI trades at a P/B of 1.32, which appears to reflect a cautious market sentiment regarding the successful integration of the TCFC merger and the bank's ability to scale its footprint effectively within the competitive Mid-Atlantic regional banking landscape.
The current valuation suggests that investors are pricing the bank as a commodity balance sheet rather than a premium franchise, likely due to the ongoing transition period. The forward P/E of 11.20 implies that the market is waiting for tangible evidence of improved ROTCE before assigning a higher multiple to the stock.
As reported in quarterly filings, the bank's ROE has remained modest, hovering between 1.4% and 2.9% over the last ten quarters, which indicates that profitability is currently constrained by the costs associated with recent expansion and the broader interest rate environment impacting net interest margins.
The decomposition of profitability shows that the bank relies heavily on traditional interest-earning assets, with non-interest income contributing only a minor portion of total revenue. This reliance suggests that future ROE improvement will depend on the bank's ability to optimize its asset utilization and control non-interest expenses as it integrates the new portfolio.
According to the provided financial statements, the efficiency ratio has shown a positive trend, improving from a high of 47.2% in 2024Q1 to 43.3% in 2026Q1, which suggests that management is successfully capturing operational synergies following the recent merger activity.
While the efficiency ratio is improving, the NIM remains under pressure at 0.8%, reflecting the challenges of managing funding costs in a competitive deposit market. Investors should monitor whether the bank can maintain this cost discipline as it navigates the integration of the TCFC loan book.
Based on the reported figures, the equity-to-assets ratio has remained stable at approximately 0.09 to 0.10, indicating that the bank is maintaining a conservative capital position to support its expanded balance sheet and absorb potential volatility from its recent regional expansion efforts.
This capital stance appears adequate for the bank's current risk profile, providing a necessary buffer as it integrates the TCFC acquisition. The consistency in this ratio suggests that management is prioritizing balance sheet stability over aggressive capital returns to shareholders during this transition phase.
The P/E ratio is frequently misapplied to SHBI, as it fails to account for the significant noise introduced by merger-related accounting adjustments and volatile provision expenses under the CECL model, which can temporarily distort the bank's true operational earnings power.
Investors should instead focus on P/TBV, as it provides a more reliable measure of the bank's underlying value by stripping out the impact of intangible assets created during the TCFC merger. Relying solely on P/E may lead to an inaccurate assessment of the bank's valuation relative to its peers.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying SHBI stock.
Shore Bancshares, Inc.'s current P/E ratio is 13.1x. The historical average is 16.7x. This places it at the 29th percentile of its historical range.
Shore Bancshares, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.5x.
Shore Bancshares, Inc.'s return on equity (ROE) is 10.5%. The historical average is 7.6%.
Based on historical data, Shore Bancshares, Inc. is trading at a P/E of 13.1x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Shore Bancshares, Inc.'s current dividend yield is 2.07% with a payout ratio of 27.0%.
Shore Bancshares, Inc. has 63.2% gross margin and 23.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Shore Bancshares, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.