Latest Ratios: P/E Ratio 14.1x · EV/EBITDA 10.7x · ROE 9.4%. (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 | $1.7B | $1.5B | $1.5B | $1.3B | $1.3B | $1.2B | $970M | $1.6B | $1.3B | $1.4B | $1.4B |
| Enterprise Value | $1.9B | $1.7B | $1.5B | $1.6B | $1.6B | $470M | $969M | $1.8B | $1.8B | $2.0B | $2.0B |
| P/E Ratio → | 14.07 | 11.28 | 11.24 | 8.94 | 9.88 | 11.22 | 46.87 | 16.25 | 12.57 | 19.05 | 19.14 |
| P/S Ratio | 4.31 | 3.77 | 3.84 | 3.17 | 3.57 | 3.61 | 2.86 | 5.32 | 4.70 | 4.93 | 5.29 |
| P/B Ratio | 1.29 | 1.03 | 1.07 | 1.01 | 1.13 | 1.02 | 0.84 | 1.34 | 1.41 | 1.57 | 1.62 |
| P/FCF | 13.44 | 11.76 | 8.64 | 7.80 | 5.64 | 5.83 | 21.04 | 11.96 | 10.69 | 12.66 | 14.62 |
| P/OCF | 12.96 | 11.34 | 8.49 | 7.52 | 5.55 | 5.73 | 18.83 | 11.51 | 10.34 | 12.14 | 14.08 |
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 | — | 4.13 | 3.85 | 3.84 | 4.18 | 1.38 | 2.86 | 6.05 | 6.29 | 6.95 | 7.73 |
| EV / EBITDA | 10.73 | 9.50 | 8.41 | 8.38 | 8.78 | 3.19 | 29.26 | 14.04 | 13.58 | 16.02 | 19.88 |
| EV / EBIT | 11.19 | 9.90 | 8.97 | 8.74 | 9.25 | 3.46 | 46.05 | 15.44 | 14.39 | 16.36 | 20.63 |
| EV / FCF | — | 12.90 | 8.67 | 9.44 | 6.61 | 2.23 | 21.00 | 13.60 | 14.31 | 17.83 | 21.39 |
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 | 69.4% | 69.4% | 67.9% | 72.7% | 91.6% | 91.7% | 54.6% | 76.3% | 79.1% | 84.6% | 85.0% |
| Operating Margin | 29.5% | 29.5% | 29.2% | 33.4% | 42.3% | 38.3% | 5.5% | 31.5% | 36.5% | 37.8% | 34.2% |
| Net Profit Margin | 23.6% | 23.6% | 23.2% | 27.0% | 34.0% | 31.2% | 5.5% | 26.3% | 31.2% | 23.1% | 25.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 9.4% | 9.9% | 11.7% | 11.3% | 9.3% | 1.8% | 9.2% | 11.6% | 8.5% | 8.7% |
| ROA | 1.4% | 1.4% | 1.4% | 1.6% | 1.5% | 1.2% | 0.2% | 1.2% | 1.5% | 1.0% | 1.1% |
| ROIC | 7.4% | 7.4% | 7.2% | 7.9% | 8.5% | 7.4% | 1.1% | 5.6% | 5.9% | 5.6% | 4.9% |
| ROCE | 2.9% | 2.9% | 9.9% | 11.4% | 11.5% | 9.6% | 1.5% | 9.3% | 11.6% | 11.9% | 9.8% |
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 | 0.21 | 0.21 | 0.18 | 0.39 | 0.37 | 0.13 | 0.20 | 0.35 | 0.65 | 0.77 | 0.92 |
| Debt / EBITDA | 1.78 | 1.78 | 1.42 | 2.70 | 2.47 | 1.10 | 6.88 | 3.23 | 4.63 | 5.60 | 7.69 |
| Net Debt / Equity | — | 0.10 | 0.00 | 0.21 | 0.19 | -0.63 | -0.00 | 0.18 | 0.48 | 0.64 | 0.75 |
| Net Debt / EBITDA | 0.84 | 0.84 | 0.03 | 1.45 | 1.29 | -5.17 | -0.05 | 1.69 | 3.44 | 4.64 | 6.30 |
| Debt / FCF | — | 1.14 | 0.03 | 1.63 | 0.97 | -3.60 | -0.04 | 1.64 | 3.62 | 5.17 | 6.78 |
| Interest Coverage | 1.01 | 1.01 | 0.91 | 1.39 | 6.77 | 10.32 | 0.51 | 1.59 | 2.22 | 3.42 | 3.94 |
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 | 6.98 | 6.98 | 0.16 | 0.15 | 0.16 | 0.23 | 0.13 | 0.13 | 0.03 | 0.14 | 0.14 |
| Quick Ratio | 6.98 | 6.98 | 0.16 | 0.15 | 0.16 | 0.23 | 0.13 | 0.13 | 0.03 | 0.14 | 0.14 |
| Cash Ratio | 0.99 | 0.99 | 0.03 | 0.03 | 0.03 | 0.11 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 |
| 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 | 2.8% | 3.5% | 3.5% | 3.8% | 3.5% | 3.6% | 4.5% | 2.3% | 2.6% | 2.1% | 2.0% |
| Payout Ratio | 39.4% | 39.4% | 38.8% | 34.3% | 34.6% | 40.2% | 208.9% | 38.0% | 32.8% | 39.2% | 37.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 8.9% | 8.9% | 11.2% | 10.1% | 8.9% | 2.1% | 6.2% | 8.0% | 5.2% | 5.2% |
| FCF Yield | 7.4% | 8.5% | 11.6% | 12.8% | 17.7% | 17.2% | 4.8% | 8.4% | 9.4% | 7.9% | 6.8% |
| Buyback Yield | 2.2% | 2.5% | 0.1% | 1.6% | 0.6% | 0.1% | 1.4% | 1.2% | 1.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 5.0% | 6.0% | 3.5% | 5.4% | 4.2% | 3.7% | 5.9% | 3.5% | 3.6% | 2.1% | 2.0% |
| Shares Outstanding | — | $38M | $39M | $39M | $39M | $39M | $39M | $40M | $35M | $35M | $35M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying STBA stock.
S&T Bancorp, Inc.'s current P/E ratio is 14.1x. The historical average is 16.6x. This places it at the 39th percentile of its historical range.
S&T Bancorp, 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 15.7x.
S&T Bancorp, Inc.'s return on equity (ROE) is 9.4%. The historical average is 11.7%.
Based on historical data, S&T Bancorp, Inc. is trading at a P/E of 14.1x. This is at the 39th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
S&T Bancorp, Inc.'s current dividend yield is 2.80% with a payout ratio of 39.4%.
S&T Bancorp, Inc. has 69.4% gross margin and 29.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
S&T Bancorp, Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
CRE concentration and margin compression
Metrics are mathematically derived from official filings.
Premium Priced for Defensive Franchise
STBA trades at 1.32x book and 14.4x trailing earnings, a premium to peers like FULT (1.24x) and TRMK (1.33x), according to reported figures, reflecting market recognition of its stable deposit base.
The P/B multiple has expanded from 33.71 in 2024Q1 to 38.37 in 2026Q2, suggesting investors are paying up for the bank's defensive characteristics. However, with ROE consistently below 3% (quarterly), the market is pricing in a return on tangible equity that appears optimistic unless NIM expands. The forward P/E of 12.82 implies earnings growth expectations that seem aggressive given the flat NIM and stagnant revenue growth of 0.63% YoY.
ROE Stuck at Sub-3% Levels
STBA's quarterly ROE has hovered between 2.2% and 2.6% over the past ten quarters, as reported in financial statements, indicating a structurally low return profile despite a fortress balance sheet.
The DuPont decomposition reveals that the bank's ROE is constrained by a very low equity multiplier (equity/assets of 0.14-0.15) and a NIM pinned at 0.9%. While the efficiency ratio improved from 46.7% to 38.8% in 2025Q3, it has since deteriorated to 46.7% in 2026Q2, indicating rising costs. The fee income contribution of ~9-10% of revenue is modest, and the bank's high net margin of 23.61% is offset by the lack of leverage, resulting in sub-3% ROE.
NIM Flat, Efficiency Deteriorates
STBA's net interest margin has remained at 0.9% for ten consecutive quarters, as per financial statements, while the efficiency ratio worsened from 38.6% in 2024Q3 to 46.7% in 2026Q2, signaling cost pressures.
The flat NIM suggests that asset yields and funding costs are moving in lockstep, likely due to the bank's low deposit beta and competitive loan pricing. The efficiency ratio deterioration is concerning given that revenue growth is stagnant at 0.63% YoY; unless management cuts overhead, margin compression will persist. The bank's high proportion of non-interest-bearing deposits provides a structural funding advantage, but the lack of NIM expansion indicates that this advantage is being competed away.
Fortress Balance Sheet, Low Leverage
STBA's equity-to-assets ratio has remained stable at 0.14-0.15, with a debt-to-equity ratio of 0.21%, as reported in financial statements, indicating a highly capitalized position with ample capacity for capital return.
The exceptionally low leverage suggests that the bank is under-utilizing its balance sheet to generate returns, which may explain the sub-3% ROE. While this conservative posture protects against credit shocks, it also implies an opportunity cost in terms of missed growth or acquisition opportunities. The stable equity ratio and strong internal capital generation (operating cash flow averaging $37.6M per quarter) suggest that the bank could increase dividends or buybacks without straining capital, as evidenced by the $47.6M buyback in 2026Q2.
Provisions Outpace Charge-Offs
STBA's loan loss provisions swung from negative $3.0M in 2025Q1 to $5.7M in 2025Q4, as per financial statements, while net charge-offs appear minimal, indicating reserve building rather than realized losses.
The volatility in provisions suggests management is taking a cautious stance on credit quality, particularly given the high concentration in Commercial Real Estate and Construction segments. The fact that provisions exceed charge-offs implies that the bank is building reserves ahead of potential deterioration, which could be prudent given the regional property market risks. However, if charge-offs remain low, these provisions may prove overly conservative, suppressing earnings unnecessarily.
P/E Misleads on Earnings Quality
STBA's P/E of 14.44 is distorted by provision timing, as negative provisions in 2025Q1 and 2024Q4 boosted net income, according to financial statements, obscuring the true earnings power.
The most commonly misapplied ratio for STBA is the P/E, because provisions for credit losses are estimates that can be manipulated to smooth earnings. A more reliable metric is P/TBV, which at 1.79x (based on tangible book value of $28.11) reflects the bank's underlying asset quality and capital position. Investors should adjust earnings for the difference between provisions and actual charge-offs to assess the sustainability of earnings, as the current P/E may overstate the bank's profitability.