SouthState Corporation (SSB) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
8.91
-4% vs avg
5yr avg: 9.24
30Y Low6.3·High27.4
P/FCF
↑
N/A
—
5yr avg: 11.69
30Y Low2.9·High149.3
P/B Ratio
↓
1.07
-8% vs avg
5yr avg: 1.16
30Y Low0.9·High2.7
ROE
↑
10.7%
↓+8% vs avg
5yr avg: 9.9%
30Y Low3%·High17%
Debt/EBITDA
↓
1.12
↓-16% vs avg
5yr avg: 1.34
30Y Low1.1·High12.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SSB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SouthState Corporation trades at 12.3x earnings, roughly in line with its 5-year average of 12.6x, sitting at the 21st percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 10%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.7B | $9.5B | $7.6B | $6.5B | $5.7B | $5.7B | $4.0B | $3.0B | $2.2B | $2.6B | $2.1B |
| Enterprise Value | $10.4B | $10.2B | $7.7B | $6.7B | $5.9B | $6.1B | $4.1B | $3.8B | $2.4B | $2.7B | $2.2B |
| P/E Ratio → | 12.28 | 11.97 | 14.27 | 13.07 | 11.57 | 11.94 | 33.01 | 16.18 | 12.34 | 29.74 | 20.91 |
| P/S Ratio | 2.58 | 2.52 | 3.19 | 2.95 | 3.43 | 4.01 | 3.29 | 4.15 | 3.11 | 4.65 | 4.65 |
| P/B Ratio | 1.07 | 1.05 | 1.30 | 1.17 | 1.13 | 1.18 | 0.86 | 1.27 | 0.93 | 1.13 | 1.87 |
| P/FCF | — | — | 16.04 | 12.72 | 3.35 | 14.66 | 7.66 | 18.27 | 8.19 | 14.27 | 18.86 |
| P/OCF | — | — | 14.92 | 11.81 | 3.32 | 13.66 | 7.41 | 16.67 | 7.77 | 13.18 | 15.34 |
P/E links to full P/E history page with 30-year chart
SSB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SouthState Corporation's enterprise value stands at 8.9x EBITDA, roughly in line with its 5-year average of 9.2x. The Financial Services sector median is 11.4x, placing the stock at a 22% 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 | — | 2.71 | 3.23 | 3.04 | 3.55 | 4.29 | 3.40 | 5.24 | 3.32 | 4.88 | 4.94 |
| EV / EBITDA | 8.91 | 8.71 | 10.22 | 9.67 | 8.52 | 9.10 | 27.36 | 14.46 | 9.06 | 13.86 | 12.80 |
| EV / EBIT | 9.97 | 9.74 | 11.04 | 10.57 | 9.39 | 10.05 | 39.57 | 16.54 | 10.50 | 16.22 | 14.59 |
| EV / FCF | — | — | 16.24 | 13.13 | 3.47 | 15.68 | 7.91 | 23.07 | 8.75 | 14.98 | 20.03 |
SSB Profitability
Margins and return-on-capital ratios measuring operating efficiency
SouthState Corporation earns an operating margin of 27.9%, above the Financial Services sector average of 20.3%. ROE of 10.7% is modest. ROIC of 9.2% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | 68.3% | 68.3% | 69.0% | 72.4% | 91.4% | 108.0% | 73.6% | 86.4% | 90.4% | 94.9% | 96.7% |
| Operating Margin | 27.9% | 27.9% | 29.3% | 28.8% | 37.8% | 42.6% | 8.6% | 31.7% | 31.6% | 30.1% | 33.8% |
| Net Profit Margin | 21.3% | 21.3% | 22.3% | 22.5% | 29.6% | 33.6% | 10.0% | 25.6% | 25.2% | 15.6% | 22.3% |
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 | 10.7% | 10.7% | 9.4% | 9.3% | 10.0% | 10.1% | 3.4% | 7.9% | 7.7% | 5.1% | 9.2% |
| ROA | 1.4% | 1.4% | 1.2% | 1.1% | 1.2% | 1.2% | 0.4% | 1.2% | 1.2% | 0.7% | 1.2% |
| ROIC | 9.2% | 9.2% | 7.9% | 7.6% | 8.0% | 7.7% | 1.7% | 5.4% | 5.9% | 5.9% | 7.9% |
| ROCE | 4.8% | 4.8% | 9.3% | 8.8% | 9.7% | 9.8% | 2.3% | 8.6% | 8.7% | 8.9% | 12.7% |
SSB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SouthState Corporation carries a Debt/EBITDA ratio of 1.1x, which is manageable (74% below the sector average of 4.3x). Net debt stands at $731M ($1.3B total debt minus $583M cash). Interest coverage of just 1.0x 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 | 0.15 | 0.15 | 0.15 | 0.18 | 0.18 | 0.23 | 0.25 | 0.47 | 0.22 | 0.22 | 0.33 |
| Debt / EBITDA | 1.12 | 1.12 | 1.18 | 1.41 | 1.34 | 1.65 | 7.71 | 4.19 | 2.03 | 2.55 | 2.10 |
| Net Debt / Equity | — | 0.08 | 0.02 | 0.04 | 0.04 | 0.08 | 0.03 | 0.33 | 0.06 | 0.06 | 0.12 |
| Net Debt / EBITDA | 0.62 | 0.62 | 0.13 | 0.30 | 0.30 | 0.59 | 0.88 | 3.01 | 0.58 | 0.66 | 0.75 |
| Debt / FCF | — | — | 0.21 | 0.41 | 0.12 | 1.02 | 0.26 | 4.80 | 0.56 | 0.71 | 1.17 |
| Interest Coverage | 0.97 | 0.97 | 0.96 | 1.28 | 10.32 | 11.70 | 1.24 | 2.66 | 4.15 | 9.92 | 18.52 |
SSB 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. The current ratio has improved from 0.15x to 0.22x over the past 3 years.
| 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 | 0.02 | 0.15 | 0.16 | 0.16 | 0.14 | 0.17 | 0.16 | 0.17 | 0.16 |
| Quick Ratio | 0.22 | 0.22 | 0.02 | 0.15 | 0.16 | 0.16 | 0.14 | 0.17 | 0.16 | 0.17 | 0.16 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.05 | 0.05 | 0.04 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SSB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SouthState Corporation returns 4.8% to shareholders annually — split between a 2.4% dividend yield and 2.4% buyback yield. The payout ratio of 29.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.1% (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 | 2.4% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 29.0% | 29.0% | 30.5% | 31.6% | 29.6% | 28.5% | 81.5% | 30.9% | 28.3% | 44.1% | 28.9% |
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 | 8.1% | 8.4% | 7.0% | 7.6% | 8.6% | 8.4% | 3.0% | 6.2% | 8.1% | 3.4% | 4.8% |
| FCF Yield | — | — | 6.2% | 7.9% | 29.8% | 6.8% | 13.1% | 5.5% | 12.2% | 7.0% | 5.3% |
| Buyback Yield | 2.4% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $101M | $77M | $76M | $75M | $71M | $55M | $35M | $37M | $30M | $24M |
Peer Comparison
Compare SSB 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 |
|---|---|---|---|---|---|---|---|---|---|
 SSBYou | $10B | 12.3 | 8.9 | — | 68.3% | 27.9% | 10.7% | 9.2% | 1.1 |
 HBAN | $27B | 12.1 | 16.1 | 11.7 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 CFG | $29B | 17.4 | 10.3 | 14.3 | 69.8% | 20.9% | 7.2% | 4.7% | 4.2 |
 UMBF | $10B | 14.6 | 12.2 | 10.4 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 IBOC | $5B | 11.1 | 8.7 | 9.2 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 SFNC | $3B | -7.4 | — | 7.5 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 CBSH | $8B | 13.4 | 13.3 | 13.6 | 80.0% | 34.2% | 15.8% | 8.4% | 3.9 |
 WSFS | $4B | 14.6 | 7.1 | 18.3 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 BOKF | $8B | 14.2 | 13.7 | 13.8 | 63.7% | 21.4% | 10.1% | 5.2% | 5.8 |
 FULT | $4B | 11.0 | 10.3 | 15.5 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 HOMB | $5B | 11.5 | 9.3 | 11.3 | 77.3% | 43.8% | 11.5% | 8.7% | 1.5 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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SSB — Frequently Asked Questions
Quick answers to the most common questions about buying SSB stock.
What is SouthState Corporation's P/E ratio?
SouthState Corporation's current P/E ratio is 12.3x. The historical average is 18.4x. This places it at the 21th percentile of its historical range.
What is SouthState Corporation's EV/EBITDA?
SouthState Corporation'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 13.6x.
What is SouthState Corporation's ROE?
SouthState Corporation's return on equity (ROE) is 10.7%. The historical average is 10.1%.
Is SSB stock overvalued?
Based on historical data, SouthState Corporation is trading at a P/E of 12.3x. This is at the 21th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is SouthState Corporation's dividend yield?
SouthState Corporation's current dividend yield is 2.38% with a payout ratio of 29.0%.
What are SouthState Corporation's profit margins?
SouthState Corporation has 68.3% gross margin and 27.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does SouthState Corporation have?
SouthState Corporation's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.