SmartFinancial, Inc. (SMBK) Financial Ratios
25 years of historical data (2001–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
5.93
↑+57% vs avg
5yr avg: 3.78
30Y Low3.5·High29.0
P/FCF
↑
13.10
↑+20% vs avg
5yr avg: 10.90
30Y Low0.0·High74.2
P/B Ratio
↑
1.39
↑+35% vs avg
5yr avg: 1.03
30Y Low0.0·High4.9
ROE
↑
9.6%
↓+14% vs avg
5yr avg: 8.5%
30Y Low-25%·High16%
Debt/EBITDA
↓
1.45
↓-0% vs avg
5yr avg: 1.46
30Y Low0.8·High41.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SMBK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SmartFinancial, Inc. trades at 15.3x earnings, 18% above its 5-year average of 12.9x, sitting at the 45th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.9x, the stock trades at a premium of 10%. On a free-cash-flow basis, the stock trades at 13.1x P/FCF, 20% above the 5-year average of 10.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $777M | $626M | $523M | $414M | $464M | $430M | $272M | $332M | $229M | $190M | $109M |
| Enterprise Value | $414M | $263M | $197M | $175M | $297M | $-436326360 | $-22316340 | $243M | $175M | $151M | $86M |
| P/E Ratio → | 15.26 | 12.41 | 14.48 | 14.49 | 10.78 | 12.32 | 11.20 | 12.51 | 12.78 | 38.75 | 23.79 |
| P/S Ratio | 2.46 | 1.98 | 1.83 | 1.72 | 2.49 | 2.88 | 2.05 | 2.88 | 2.36 | 3.41 | 2.40 |
| P/B Ratio | 1.39 | 1.13 | 1.06 | 0.90 | 1.07 | 1.00 | 0.76 | 1.06 | 0.81 | 0.92 | 1.04 |
| P/FCF | 13.10 | 10.55 | 11.29 | 12.39 | 10.47 | 9.81 | 11.53 | 14.08 | 13.47 | — | 23.81 |
| P/OCF | 12.59 | 10.14 | 9.92 | 10.43 | 8.17 | 9.30 | 9.37 | 11.12 | 10.98 | 153.11 | 9.44 |
P/E links to full P/E history page with 30-year chart
SMBK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SmartFinancial, Inc.'s enterprise value stands at 5.9x EBITDA, 57% above its 5-year average of 3.8x. The Financial Services sector median is 11.5x, placing the stock at a 49% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.83 | 0.69 | 0.73 | 1.59 | -2.92 | -0.17 | 2.11 | 1.81 | 2.72 | 1.88 |
| EV / EBITDA | 5.93 | 3.76 | 3.46 | 3.51 | 4.39 | -8.18 | -0.58 | 6.43 | 7.11 | 15.53 | 7.56 |
| EV / EBIT | 6.74 | 4.28 | 4.33 | 4.82 | 5.40 | -9.85 | -0.72 | 7.25 | 8.21 | 13.24 | 9.37 |
| EV / FCF | — | 4.44 | 4.26 | 5.22 | 6.70 | -9.96 | -0.94 | 10.28 | 10.31 | — | 18.67 |
SMBK Profitability
Margins and return-on-capital ratios measuring operating efficiency
SmartFinancial, Inc. earns an operating margin of 19.4%, roughly in line with the Financial Services sector average. Operating margins have expanded from 15.1% to 19.4% over the past 3 years, signaling improving operational efficiency. ROE of 9.6% is modest. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.4%.
Margins
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 | 61.0% | 61.0% | 58.3% | 62.1% | 86.4% | 91.0% | 80.9% | 76.4% | 80.9% | 88.4% | 88.8% |
| Operating Margin | 19.4% | 19.4% | 15.9% | 15.1% | 29.4% | 29.7% | 23.2% | 29.0% | 22.1% | 20.6% | 20.1% |
| Net Profit Margin | 15.9% | 15.9% | 12.7% | 11.9% | 23.1% | 23.3% | 18.3% | 23.1% | 18.7% | 9.0% | 12.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.6% | 9.6% | 7.6% | 6.4% | 10.0% | 8.8% | 7.3% | 8.9% | 7.4% | 3.2% | 5.6% |
| ROA | 0.9% | 0.9% | 0.7% | 0.6% | 0.9% | 0.9% | 0.8% | 1.1% | 0.9% | 0.4% | 0.6% |
| ROIC | 7.7% | 7.7% | 6.5% | 5.3% | 7.6% | 6.3% | 5.4% | 6.9% | 5.2% | 4.0% | 4.2% |
| ROCE | 9.6% | 9.6% | 8.0% | 6.6% | 9.8% | 8.3% | 6.9% | 9.2% | 7.3% | 6.1% | 7.6% |
SMBK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SmartFinancial, Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (66% below the sector average of 4.3x). The company holds a net cash position — cash of $464M exceeds total debt of $102M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.10 | 0.12 | 0.19 | 0.33 | 0.34 | 0.23 | 0.22 | 0.33 | 0.43 |
| Debt / EBITDA | 1.45 | 1.45 | 0.84 | 1.11 | 1.24 | 2.66 | 3.12 | 1.88 | 2.52 | 6.94 | 3.98 |
| Net Debt / Equity | — | -0.66 | -0.66 | -0.52 | -0.39 | -2.02 | -0.83 | -0.29 | -0.19 | -0.19 | -0.22 |
| Net Debt / EBITDA | -5.19 | -5.19 | -5.73 | -4.82 | -2.48 | -16.24 | -7.63 | -2.38 | -2.18 | -3.94 | -2.08 |
| Debt / FCF | — | -6.11 | -7.04 | -7.16 | -3.77 | -19.77 | -12.47 | -3.80 | -3.16 | — | -5.14 |
| Interest Coverage | 0.51 | 0.51 | 0.40 | 0.41 | 2.57 | 3.74 | 1.84 | 1.36 | 1.37 | 2.01 | 2.13 |
Net cash position: cash ($464M) exceeds total debt ($102M)
SMBK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.22x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.22 | 0.22 | 0.16 | 0.18 | 0.20 | 0.38 | 0.22 | 0.17 | 0.16 | 0.18 | 0.21 |
| Quick Ratio | 0.22 | 0.22 | 0.16 | 0.18 | 0.20 | 0.38 | 0.22 | 0.17 | 0.16 | 0.18 | 0.21 |
| Cash Ratio | 0.09 | 0.09 | 0.08 | 0.07 | 0.06 | 0.25 | 0.15 | 0.08 | 0.06 | 0.07 | 0.07 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.05 | 0.04 | 0.03 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SMBK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SmartFinancial, Inc. returns 0.7% to shareholders annually primarily through dividends. The payout ratio of 10.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 10.8% | 10.8% | 15.0% | 19.0% | 11.0% | 10.7% | 12.3% | 2.6% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.6% | 8.1% | 6.9% | 6.9% | 9.3% | 8.1% | 8.9% | 8.0% | 7.8% | 2.6% | 4.2% |
| FCF Yield | 7.6% | 9.5% | 8.9% | 8.1% | 9.5% | 10.2% | 8.7% | 7.1% | 7.4% | — | 4.2% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $17M | $17M | $17M | $17M | $16M | $15M | $14M | $13M | $9M | $6M |
Peer Comparison
Compare SMBK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SMBKYou | $777M | 15.3 | 5.9 | 13.1 | 61.0% | 19.4% | 9.6% | 7.7% | 1.5 |
 SFBS | $5B | 16.3 | 17.3 | 12.9 | 51.8% | 33.6% | 16.0% | 7.3% | 4.4 |
 HOMB | $6B | 11.7 | 9.5 | 11.6 | 77.3% | 43.8% | 11.5% | 8.7% | 1.5 |
 SRCE | $2B | 12.2 | 10.2 | 9.0 | 70.3% | 34.2% | 12.7% | 9.7% | 1.6 |
 CADE | $8B | 15.2 | 7.0 | 10.1 | 59.3% | 23.3% | 9.8% | 6.7% | 0.0 |
 HOPE | $2B | 28.7 | 18.2 | 11.1 | 48.6% | 8.3% | 2.6% | 2.3% | 4.7 |
 BANF | $4B | 16.3 | 11.8 | 16.6 | 82.9% | 36.8% | 13.8% | 12.3% | 0.4 |
 FFIN | $5B | 19.0 | 11.8 | 15.7 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 NBTB | $3B | 14.5 | 11.0 | 11.5 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 IBCP | $730M | 10.9 | 9.8 | 10.4 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 SBCF | $3B | 20.3 | 23.0 | 17.5 | 61.6% | 21.4% | 5.5% | 3.9% | 7.2 |
| Financial Services Median | — | 13.9 | 11.5 | 11.2 | 64.1% | 20.2% | 9.0% | 5.4% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
What if you invested $1,000 in SMBK 10 years ago?
Total return calculator · dividends reinvested
Calculate ReturnsHow much would $100/month in SMBK be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersIs SMBK Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationSMBK vs SFBS — which is the better buy?
Side-by-side revenue, margins, P/E and 10-year returns vs ServisFirst Bancshares, Inc..
Compare NowSMBK — Frequently Asked Questions
Quick answers to the most common questions about buying SMBK stock.
What is SmartFinancial, Inc.'s P/E ratio?
SmartFinancial, Inc.'s current P/E ratio is 15.3x. The historical average is 33.0x. This places it at the 45th percentile of its historical range.
What is SmartFinancial, Inc.'s EV/EBITDA?
SmartFinancial, Inc.'s current EV/EBITDA is 5.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
What is SmartFinancial, Inc.'s ROE?
SmartFinancial, Inc.'s return on equity (ROE) is 9.6%. The historical average is 4.7%.
Is SMBK stock overvalued?
Based on historical data, SmartFinancial, Inc. is trading at a P/E of 15.3x. This is at the 45th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is SmartFinancial, Inc.'s dividend yield?
SmartFinancial, Inc.'s current dividend yield is 0.71% with a payout ratio of 10.8%.
What are SmartFinancial, Inc.'s profit margins?
SmartFinancial, Inc. has 61.0% gross margin and 19.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does SmartFinancial, Inc. have?
SmartFinancial, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.