Latest Ratios: P/E Ratio 12.6x · EV/EBITDA 8.9x · ROE 12.5%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $707M | $659M | $572M | $475M | $469M | $494M | $343M | $376M | — | — |
| Enterprise Value | $709M | $662M | $323M | $255M | $356M | $129M | $266M | $423M | — | — |
| P/E Ratio → | 12.64 | 11.28 | 11.90 | 8.00 | 8.52 | 8.77 | 7.55 | 12.88 | — | — |
| P/S Ratio | 2.38 | 2.22 | 2.02 | 1.91 | 2.02 | 2.17 | 1.45 | 2.02 | — | — |
| P/B Ratio | 1.50 | 1.34 | 1.30 | 1.17 | 1.31 | 1.21 | 0.93 | 1.23 | — | — |
| P/FCF | 9.84 | 9.18 | 10.21 | 8.83 | 3.94 | 5.29 | 147.84 | 14.21 | — | — |
| P/OCF | 9.12 | 8.51 | 9.63 | 8.12 | 3.79 | 5.13 | 60.87 | 12.35 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.23 | 1.14 | 1.03 | 1.54 | 0.57 | 1.13 | 2.27 | — | — |
| EV / EBITDA | 8.87 | 8.28 | 4.63 | 2.98 | 4.45 | 1.62 | 4.21 | 10.09 | — | — |
| EV / EBIT | 9.57 | 8.93 | 5.11 | 3.22 | 4.87 | 1.77 | 4.70 | 11.53 | — | — |
| EV / FCF | — | 9.21 | 5.77 | 4.74 | 2.99 | 1.38 | 114.70 | 15.98 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.6% | 69.6% | 65.3% | 69.1% | 91.3% | 95.0% | 82.4% | 83.3% | 82.5% | 86.7% |
| Operating Margin | 24.9% | 24.9% | 22.4% | 32.0% | 31.5% | 32.1% | 24.0% | 19.7% | 15.2% | 15.9% |
| Net Profit Margin | 19.7% | 19.7% | 17.6% | 25.2% | 25.1% | 25.8% | 19.3% | 15.7% | 17.5% | 15.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.5% | 12.5% | 11.8% | 16.4% | 15.2% | 15.1% | 13.4% | 12.7% | 18.7% | 14.9% |
| ROA | 1.3% | 1.3% | 1.2% | 1.5% | 1.5% | 1.6% | 1.3% | 1.0% | 1.1% | 0.9% |
| ROIC | 10.1% | 10.1% | 8.9% | 12.0% | 10.9% | 9.8% | 7.7% | 6.4% | 5.6% | 5.3% |
| ROCE | 2.9% | 2.9% | 10.6% | 15.0% | 14.5% | 13.3% | 10.9% | 8.5% | 6.6% | 6.3% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.25 | 0.27 | 0.34 | 0.30 | 0.60 | 0.67 | 1.25 | 1.12 |
| Debt / EBITDA | 0.76 | 0.76 | 1.58 | 1.28 | 1.53 | 1.53 | 3.54 | 4.89 | 6.32 | 6.13 |
| Net Debt / Equity | — | 0.00 | -0.57 | -0.54 | -0.32 | -0.90 | -0.21 | 0.15 | -0.34 | -0.74 |
| Net Debt / EBITDA | 0.03 | 0.03 | -3.56 | -2.56 | -1.40 | -4.58 | -1.22 | 1.12 | -1.73 | -4.02 |
| Debt / FCF | — | 0.03 | -4.44 | -4.08 | -0.94 | -3.91 | -33.14 | 1.77 | -2.22 | -4.44 |
| Interest Coverage | 0.87 | 0.87 | 0.67 | 1.10 | 3.22 | 5.51 | 3.55 | 1.29 | 1.13 | 1.49 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 386.09 | 386.09 | 0.18 | 0.15 | 0.28 | 0.36 | 0.37 | 0.32 | 0.26 | 0.23 |
| Quick Ratio | 386.09 | 386.09 | 0.18 | 0.15 | 0.28 | 0.36 | 0.37 | 0.32 | 0.26 | 0.23 |
| Cash Ratio | 35.98 | 35.98 | 0.10 | 0.09 | 0.07 | 0.14 | 0.10 | 0.06 | 0.11 | 0.13 |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 1.5% | 1.6% | 1.8% | 1.7% | 1.1% | 0.7% | 0.3% | — | — |
| Payout Ratio | 17.3% | 17.3% | 18.4% | 13.9% | 13.8% | 9.2% | 5.6% | 3.7% | 102.6% | 33.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.9% | 8.9% | 8.4% | 12.5% | 11.7% | 11.4% | 13.2% | 7.8% | — | — |
| FCF Yield | 10.2% | 10.9% | 9.8% | 11.3% | 25.4% | 18.9% | 0.7% | 7.0% | — | — |
| Buyback Yield | 1.2% | 1.3% | 0.2% | 3.7% | 4.8% | 1.9% | 0.1% | 0.0% | — | — |
| Total Shareholder Yield | 2.6% | 2.8% | 1.8% | 5.6% | 6.6% | 3.0% | 0.8% | 0.3% | — | — |
| Shares Outstanding | — | $17M | $16M | $16M | $17M | $18M | $18M | $18M | $17M | $17M |
Regional economic concentration risk
Based on reported figures, SPFI trades at a P/B of 1.50, suggesting that the market assigns a premium to its specialized West Texas franchise relative to commodity-focused peers, though the 12.64x P/E multiple indicates investors remain cautious regarding the bank's long-term earnings growth trajectory.
The current valuation appears to reflect a market consensus that values SPFI's stable fee-income streams from its insurance segment over the more volatile lending operations. Investors should monitor whether this premium holds as the bank navigates potential margin compression, as the current P/B ratio may be pricing in a level of franchise durability that remains sensitive to regional economic shifts.
According to quarterly financial statements, SPFI's ROE has remained in a modest 2.6% to 3.7% range, with the insurance segment's contribution to total revenue—peaking at 16.2%—acting as a critical stabilizer against the bank's interest-rate-sensitive lending operations in the West Texas market.
The DuPont decomposition suggests that profitability is currently constrained by a narrow NIM, which has hovered near 1.0% over the last ten quarters. While the insurance segment provides a necessary non-interest income buffer, the bank's overall return profile appears to be in a consolidation phase, requiring improved asset utilization to drive meaningful ROE expansion.
As reported in recent filings, the efficiency ratio has fluctuated between 38.9% and 48.1%, indicating that management maintains a disciplined cost structure even as the net interest margin remains compressed within a tight 0.8% to 1.0% band over the past ten quarters.
The bank's ability to keep the efficiency ratio below 50% suggests effective control over non-interest expenses, which is vital given the current lack of yield-based margin expansion. Investors should monitor whether this operational discipline can be sustained if deposit betas continue to rise, as the current margin environment leaves little room for error.
The P/E ratio is frequently misapplied to SPFI, as it fails to account for the non-cash volatility introduced by CECL provisioning and MSR fair value adjustments, which can significantly distort quarterly earnings and mask the underlying stability of the bank's core banking and insurance operations.
Analysts should prioritize P/TBV and core pre-provision net revenue (PPNR) over P/E multiples to better assess the bank's true earnings power. Relying on P/E may lead to an inaccurate assessment of the bank's valuation, as it treats accounting-driven provision volatility as a permanent impairment to the bank's franchise value.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying SPFI stock.
South Plains Financial, Inc.'s current P/E ratio is 12.6x. The historical average is 9.8x. This places it at the 86th percentile of its historical range.
South Plains Financial, Inc.'s current EV/EBITDA is 8.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.2x.
South Plains Financial, Inc.'s return on equity (ROE) is 12.5%. The historical average is 14.5%.
Based on historical data, South Plains Financial, Inc. is trading at a P/E of 12.6x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
South Plains Financial, Inc.'s current dividend yield is 1.37% with a payout ratio of 17.3%.
South Plains Financial, Inc. has 69.6% gross margin and 24.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
South Plains Financial, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.