Latest Ratios: P/E Ratio 13.8x · EV/EBITDA 8.7x · ROE 11.3%. (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 | $786M | $617M | $509M | $436M | $408M | $405M | $224M | $321M | $342M | $242M | $176M |
| Enterprise Value | $735M | $566M | $582M | $537M | $377M | $353M | $253M | $352M | $411M | $282M | $304M |
| P/E Ratio → | 13.77 | 10.58 | 10.18 | 9.99 | 8.69 | 8.61 | 8.13 | 11.09 | 16.33 | 15.51 | 11.88 |
| P/S Ratio | 4.31 | 3.38 | 3.10 | 2.85 | 3.27 | 3.59 | 2.36 | 3.73 | 4.57 | 3.97 | 3.15 |
| P/B Ratio | 1.48 | 1.13 | 1.04 | 0.98 | 1.27 | 1.43 | 0.87 | 1.34 | 1.70 | 1.40 | 1.39 |
| P/FCF | 10.44 | 8.20 | 8.31 | 7.78 | 6.50 | 8.28 | 6.21 | 10.37 | 11.98 | 10.73 | 22.36 |
| P/OCF | 9.63 | 7.57 | 7.24 | 7.02 | 6.06 | 7.83 | 5.55 | 8.30 | 11.15 | 9.46 | 9.93 |
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 | — | 3.10 | 3.54 | 3.51 | 3.02 | 3.13 | 2.67 | 4.09 | 5.50 | 4.63 | 5.46 |
| EV / EBITDA | 8.75 | 6.74 | 7.95 | 9.42 | 5.73 | 5.43 | 6.34 | 8.57 | 12.35 | 11.07 | 12.14 |
| EV / EBIT | 9.93 | 7.65 | 9.22 | 10.86 | 6.30 | 5.92 | 7.36 | 9.78 | 14.31 | 13.07 | 14.13 |
| EV / FCF | — | 7.52 | 9.50 | 9.59 | 6.01 | 7.22 | 7.04 | 11.37 | 14.43 | 12.51 | 38.76 |
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 | 57.7% | 57.7% | 58.8% | 67.1% | 89.3% | 87.8% | 72.4% | 75.7% | 80.1% | 82.2% | 81.8% |
| Operating Margin | 24.2% | 24.2% | 23.1% | 24.4% | 43.4% | 46.1% | 28.3% | 32.5% | 32.1% | 30.3% | 33.1% |
| Net Profit Margin | 19.1% | 19.1% | 18.4% | 19.4% | 34.2% | 36.4% | 22.6% | 26.1% | 23.4% | 21.8% | 22.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 10.7% | 10.2% | 15.6% | 17.4% | 11.1% | 13.2% | 11.2% | 10.4% | 11.5% |
| ROA | 1.2% | 1.2% | 1.1% | 1.0% | 1.6% | 1.8% | 1.2% | 1.4% | 1.2% | 1.0% | 1.1% |
| ROIC | 8.5% | 8.5% | 7.7% | 7.5% | 12.2% | 12.8% | 8.0% | 8.9% | 7.9% | 6.2% | 6.2% |
| ROCE | 11.0% | 11.0% | 9.9% | 9.6% | 15.6% | 16.5% | 10.3% | 11.7% | 10.6% | 8.7% | 9.1% |
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 | 0.26 | 0.26 | 0.28 | 0.35 | 0.19 | 0.26 | 0.33 | 0.28 | 0.49 | 0.41 | 1.21 |
| Debt / EBITDA | 1.69 | 1.69 | 1.84 | 2.75 | 0.93 | 1.12 | 2.13 | 1.64 | 2.94 | 2.81 | 6.07 |
| Net Debt / Equity | — | -0.09 | 0.15 | 0.23 | -0.10 | -0.18 | 0.12 | 0.13 | 0.35 | 0.23 | 1.02 |
| Net Debt / EBITDA | -0.60 | -0.60 | 1.00 | 1.78 | -0.46 | -0.80 | 0.75 | 0.75 | 2.09 | 1.57 | 5.14 |
| Debt / FCF | — | -0.68 | 1.20 | 1.81 | -0.49 | -1.06 | 0.83 | 1.00 | 2.44 | 1.78 | 16.40 |
| Interest Coverage | 0.60 | 0.60 | 0.58 | 1.00 | 4.50 | 3.56 | 1.28 | 1.46 | 1.94 | 2.09 | 2.30 |
Net cash position: cash ($193M) exceeds total debt ($142M)
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 | 1.09 | 1.09 | 0.13 | 0.13 | 0.13 | 0.15 | 0.12 | 0.12 | 0.13 | 0.14 | 0.15 |
| Quick Ratio | 1.09 | 1.09 | 0.13 | 0.13 | 0.13 | 0.15 | 0.12 | 0.12 | 0.13 | 0.14 | 0.15 |
| Cash Ratio | 0.04 | 0.04 | 0.02 | 0.01 | 0.03 | 0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 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 | 1.3% | 1.7% | 1.9% | 2.0% | 1.8% | 1.4% | 2.5% | 1.5% | 1.1% | 1.2% | 1.5% |
| Payout Ratio | 17.8% | 17.8% | 19.0% | 22.0% | 15.3% | 11.9% | 20.0% | 16.5% | 18.3% | 19.2% | 18.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.3% | 9.5% | 9.8% | 10.0% | 11.5% | 11.6% | 12.3% | 9.0% | 6.1% | 6.4% | 8.4% |
| FCF Yield | 9.6% | 12.2% | 12.0% | 12.9% | 15.4% | 12.1% | 16.1% | 9.6% | 8.3% | 9.3% | 4.5% |
| Buyback Yield | 0.0% | 0.0% | 0.8% | 0.0% | 1.4% | 2.1% | 2.6% | 0.4% | 0.0% | 0.0% | 11.4% |
| Total Shareholder Yield | 1.3% | 1.7% | 2.6% | 2.0% | 3.2% | 3.4% | 5.0% | 1.8% | 1.1% | 1.2% | 12.9% |
| Shares Outstanding | — | $11M | $11M | $11M | $9M | $9M | $9M | $9M | $9M | $8M | $7M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SMBC stock.
Southern Missouri Bancorp, Inc.'s current P/E ratio is 13.8x. The historical average is 11.7x. This places it at the 83th percentile of its historical range.
Southern Missouri Bancorp, Inc.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
Southern Missouri Bancorp, Inc.'s return on equity (ROE) is 11.3%. The historical average is 10.4%.
Based on historical data, Southern Missouri Bancorp, Inc. is trading at a P/E of 13.8x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Southern Missouri Bancorp, Inc.'s current dividend yield is 1.29% with a payout ratio of 17.8%.
Southern Missouri Bancorp, Inc. has 57.7% gross margin and 24.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Southern Missouri Bancorp, Inc.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Deposit cost normalization
Metrics are mathematically derived from official filings.
Premium Priced for M&A Execution
SMBC trades at 1.60x tangible book, a premium to peers like NBTB at 1.41x and UBSI at 1.24x, according to recent market data, implying the market rewards its acquisition-driven growth.
The P/B of 1.60x is well above the peer median of roughly 1.4x, suggesting investors are paying up for SMBC's consistent earnings and M&A track record. With a forward P/E of 12.47x versus TTM 14.94x, the market appears to expect continued earnings growth, likely from recent acquisitions. However, the premium may be vulnerable if deposit cost pressures compress margins, as the market could re-rate the stock downward.
ROE Expansion on Operating Leverage
ROE improved to 3.1% in 2026Q3 from 2.4% a year earlier, as reported in SMBC's financial statements, driven by a stable NIM and a 250 basis point efficiency ratio improvement.
The DuPont decomposition shows that ROE gains are primarily from improved efficiency (33.5% vs 36.0% a year ago) rather than margin expansion, as NIM remained flat at 0.8%. Fee income contribution held steady around 9% of revenue, indicating a stable non-interest income stream. The equity-to-assets ratio of 11.2% provides a solid base, but the low ROE (3.1%) reflects the high capital intensity of the balance sheet, typical for a community bank.
NIM Stability Masks Deposit Beta Risk
NIM held at 0.8% for the fifth consecutive quarter, according to SMBC's latest filings, but rising Midwest deposit costs may erode the bank's historical low-beta funding advantage.
The stable NIM suggests that asset yields and funding costs are currently balanced, but the recent uptick in interest-bearing deposit costs, as noted in the company's risk factors, could compress margins if loan repricing slows. The efficiency ratio improvement to 33.5% indicates strong cost control, but this may be partially offset by integration costs from recent acquisitions. Investors should monitor deposit beta closely, as a higher beta would pressure NIM and potentially reverse the efficiency gains.
Capital Buffer Supports Growth Ambitions
Equity-to-assets improved to 11.2% in 2026Q3 from 10.2% a year earlier, based on reported balance sheet data, providing a solid buffer for organic growth and potential acquisitions.
The strengthening capital position, driven by earnings retention, suggests SMBC has capacity to continue its M&A strategy without diluting shareholders. The payout ratio of approximately 71% of net income in 2026Q3 indicates a balanced approach to capital return, though the dividend yield of 1.2% is modest. As the bank approaches the $10 billion asset threshold, regulatory capital requirements may become more stringent, potentially constraining future capital return.
Provision Spike Signals Caution
Loan loss provisions jumped to $2.1M in 2026Q3 from zero in the prior quarter, as per SMBC's income statement, suggesting management is building reserves amid stable asset quality.
The provision increase, despite no apparent deterioration in credit metrics, may indicate a forward-looking view on agricultural and commercial real estate risks. The bank's concentration in these sectors, as highlighted in the business driver analysis, makes it sensitive to commodity price fluctuations and regional property values. While current NPLs appear manageable, the provision volatility warrants monitoring, as it could signal emerging stress in the loan book.
P/E Misleads on Earnings Quality
SMBC's P/E of 14.94x appears reasonable, but it obscures the impact of provision volatility and acquisition accounting, which can distort reported earnings, as noted in the company's financial disclosures.
The P/E ratio is commonly misapplied to banks because provisions for loan losses can cause earnings to swing significantly, as seen in the jump from $0 to $2.1M in provisions. Additionally, purchase accounting adjustments from acquisitions can temporarily boost interest income, inflating earnings. Investors should instead focus on P/TBV and pre-provision net revenue (PPNR) to assess underlying profitability, as these metrics are less distorted by credit costs and M&A accounting.