Stock Yards Bancorp, Inc. (SYBT) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
14.28
+2% vs avg
5yr avg: 13.99
30Y Low8.0·High17.7
P/FCF
↓
13.87
↓-14% vs avg
5yr avg: 16.17
30Y Low7.2·High94.9
P/B Ratio
↓
1.99
-7% vs avg
5yr avg: 2.13
30Y Low1.5·High3.9
ROE
↑
13.9%
↓+5% vs avg
5yr avg: 13.3%
30Y Low11%·High21%
Debt/EBITDA
↑
2.69
↑+26% vs avg
5yr avg: 2.13
30Y Low0.8·High6.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SYBT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Stock Yards Bancorp, Inc. trades at 15.2x earnings, 13% below its 5-year average of 17.6x, sitting at the 33rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 14%. On a free-cash-flow basis, the stock trades at 13.9x P/FCF, 14% below the 5-year average of 16.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $1.9B | $2.1B | $1.5B | $1.9B | $1.6B | $922M | $939M | $753M | $866M | $1.1B |
| Enterprise Value | $2.5B | $2.3B | $2.5B | $1.8B | $2.0B | $1.6B | $970M | $1.0B | $795M | $1.1B | $1.2B |
| P/E Ratio → | 15.24 | 13.67 | 18.41 | 14.03 | 20.24 | 21.51 | 15.63 | 14.21 | 13.55 | 22.71 | 26.08 |
| P/S Ratio | 3.78 | 3.39 | 4.21 | 3.49 | 5.69 | 6.74 | 4.67 | 4.82 | 4.36 | 5.58 | 7.37 |
| P/B Ratio | 1.99 | 1.78 | 2.24 | 1.76 | 2.47 | 2.38 | 2.09 | 2.31 | 2.05 | 2.60 | 3.41 |
| P/FCF | 13.87 | 12.44 | 15.84 | 15.27 | 20.81 | 16.48 | 12.86 | 17.60 | 12.79 | 17.03 | 18.79 |
| P/OCF | 12.86 | 11.54 | 14.75 | 14.16 | 17.28 | 15.74 | 11.95 | 16.07 | 11.42 | 16.14 | 16.92 |
P/E links to full P/E history page with 30-year chart
SYBT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Stock Yards Bancorp, Inc.'s enterprise value stands at 14.3x EBITDA, roughly in line with its 5-year average of 14.0x. The Financial Services sector median is 11.4x, placing the stock at a 25% premium 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 | — | 4.12 | 5.04 | 4.18 | 6.10 | 6.84 | 4.92 | 5.21 | 4.61 | 7.12 | 8.24 |
| EV / EBITDA | 14.28 | 13.05 | 16.00 | 11.32 | 14.28 | 15.28 | 12.51 | 12.60 | 10.84 | 16.07 | 17.75 |
| EV / EBIT | 14.28 | 13.05 | 17.48 | 13.12 | 16.73 | 17.08 | 14.31 | 13.41 | 11.74 | 20.11 | 21.28 |
| EV / FCF | — | 15.10 | 18.98 | 18.28 | 22.32 | 16.72 | 13.53 | 19.02 | 13.52 | 21.73 | 21.01 |
SYBT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Stock Yards Bancorp, Inc. earns an operating margin of 31.6%, above the Financial Services sector average of 21.2%. ROE of 13.9% is modest. ROIC of 8.9% represents adequate returns on invested capital versus a sector median of 5.7%.
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 | 69.2% | 69.2% | 66.9% | 73.8% | 91.4% | 97.8% | 84.6% | 88.5% | 90.2% | 93.7% | 94.5% |
| Operating Margin | 31.6% | 31.6% | 28.8% | 31.9% | 36.4% | 40.0% | 34.4% | 38.8% | 39.1% | 35.5% | 38.8% |
| Net Profit Margin | 24.8% | 24.8% | 22.9% | 24.9% | 28.1% | 31.3% | 29.9% | 33.9% | 32.2% | 24.5% | 28.3% |
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 | 13.9% | 13.9% | 12.7% | 13.3% | 12.9% | 13.4% | 13.9% | 17.1% | 15.9% | 11.8% | 13.7% |
| ROA | 1.5% | 1.5% | 1.3% | 1.4% | 1.3% | 1.3% | 1.4% | 1.9% | 1.7% | 1.2% | 1.4% |
| ROIC | 8.9% | 8.9% | 8.1% | 9.3% | 10.4% | 11.1% | 9.6% | 11.5% | 9.4% | 7.6% | 9.4% |
| ROCE | 11.3% | 11.3% | 10.1% | 12.0% | 13.9% | 14.3% | 12.2% | 15.0% | 15.2% | 13.2% | 14.8% |
SYBT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Stock Yards Bancorp, Inc. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (35% below the sector average of 4.1x). Net debt stands at $409M ($480M total debt minus $70M cash). Interest coverage of just 1.1x 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 | 0.45 | 0.45 | 0.53 | 0.46 | 0.29 | 0.13 | 0.21 | 0.30 | 0.26 | 0.84 | 0.53 |
| Debt / EBITDA | 2.69 | 2.69 | 3.15 | 2.46 | 1.55 | 0.80 | 1.18 | 1.52 | 1.29 | 4.09 | 2.46 |
| Net Debt / Equity | — | 0.38 | 0.44 | 0.35 | 0.18 | 0.03 | 0.11 | 0.19 | 0.12 | 0.72 | 0.40 |
| Net Debt / EBITDA | 2.30 | 2.30 | 2.65 | 1.86 | 0.96 | 0.22 | 0.62 | 0.94 | 0.58 | 3.48 | 1.87 |
| Debt / FCF | — | 2.66 | 3.14 | 3.01 | 1.51 | 0.24 | 0.67 | 1.42 | 0.72 | 4.70 | 2.22 |
| Interest Coverage | 1.07 | 1.07 | 0.93 | 1.39 | 6.59 | 15.91 | 5.67 | 3.36 | 4.41 | 7.59 | 11.43 |
SYBT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.11x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.17x to 0.11x 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 | 0.11 | 0.11 | 0.15 | 0.17 | 0.19 | 0.22 | 0.16 | 0.17 | 0.18 | 0.22 | 0.23 |
| Quick Ratio | 0.11 | 0.11 | 0.15 | 0.17 | 0.19 | 0.22 | 0.16 | 0.17 | 0.18 | 0.22 | 0.23 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SYBT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Stock Yards Bancorp, Inc. returns 1.8% to shareholders annually — split between a 1.7% dividend yield and 0.1% buyback yield. The payout ratio of 26.5% 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 | 1.7% | 1.9% | 1.7% | 2.3% | 1.8% | 1.8% | 2.7% | 2.5% | 2.9% | 2.1% | 1.5% |
| Payout Ratio | 26.5% | 26.5% | 31.3% | 32.1% | 35.8% | 37.8% | 41.6% | 35.6% | 39.2% | 47.5% | 39.2% |
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% | 7.3% | 5.4% | 7.1% | 4.9% | 4.6% | 6.4% | 7.0% | 7.4% | 4.4% | 3.8% |
| FCF Yield | 7.2% | 8.0% | 6.3% | 6.6% | 4.8% | 6.1% | 7.8% | 5.7% | 7.8% | 5.9% | 5.3% |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 1.3% | 0.3% | 0.3% | 0.2% |
| Total Shareholder Yield | 1.8% | 2.0% | 1.9% | 2.5% | 2.0% | 2.0% | 2.9% | 3.8% | 3.2% | 2.4% | 1.7% |
| Shares Outstanding | — | $30M | $29M | $29M | $29M | $25M | $23M | $23M | $23M | $23M | $23M |
Peer Comparison
Compare SYBT 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 |
|---|---|---|---|---|---|---|---|---|---|
 SYBTYou | $2B | 15.2 | 14.3 | 13.9 | 69.2% | 31.6% | 13.9% | 8.9% | 2.7 |
 HOMB | $5B | 13.4 | 10.2 | 12.6 | 65.6% | 36.0% | 10.4% | 7.2% | 2.2 |
 SFNC | $3B | -7.3 | — | 7.0 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 FFIN | $5B | 20.9 | 14.3 | 15.8 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 UBSI | $6B | 13.4 | 7.6 | 12.7 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 WSFS | $4B | 14.2 | 6.8 | 17.8 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 IBCP | $696M | 10.3 | 9.4 | 9.9 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 NBTB | $2B | 13.6 | 10.4 | 10.8 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 FULT | $4B | 10.5 | 9.9 | 14.7 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 CBSH | $8B | 12.9 | 12.9 | 13.0 | 80.0% | 34.2% | 15.8% | 8.4% | 3.9 |
 BOKF | $10B | 16.7 | 17.4 | 7.3 | 57.1% | 19.8% | 9.8% | 4.1% | 5.8 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSYBT — Frequently Asked Questions
Quick answers to the most common questions about buying SYBT stock.
What is Stock Yards Bancorp, Inc.'s P/E ratio?
Stock Yards Bancorp, Inc.'s current P/E ratio is 15.2x. The historical average is 16.9x. This places it at the 33th percentile of its historical range.
What is Stock Yards Bancorp, Inc.'s EV/EBITDA?
Stock Yards Bancorp, Inc.'s current EV/EBITDA is 14.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
What is Stock Yards Bancorp, Inc.'s ROE?
Stock Yards Bancorp, Inc.'s return on equity (ROE) is 13.9%. The historical average is 15.8%.
Is SYBT stock overvalued?
Based on historical data, Stock Yards Bancorp, Inc. is trading at a P/E of 15.2x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Stock Yards Bancorp, Inc.'s dividend yield?
Stock Yards Bancorp, Inc.'s current dividend yield is 1.74% with a payout ratio of 26.5%.
What are Stock Yards Bancorp, Inc.'s profit margins?
Stock Yards Bancorp, Inc. has 69.2% gross margin and 31.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Stock Yards Bancorp, Inc. have?
Stock Yards Bancorp, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.