Latest Ratios: P/E Ratio 8.8x · EV/EBITDA 8.3x · ROE 19.5%. (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 | $1.4B | $1.0B | $968M | $861M | $1.1B | $1.2B | $1.0B | $1.4B | $1.1B | $1.2B | $1.4B |
| Enterprise Value | $1.9B | $1.6B | $1.6B | $1.4B | $1.4B | $1.4B | $996M | $2.0B | $2.1B | $2.2B | $2.3B |
| P/E Ratio → | 8.76 | 6.45 | 13.65 | 91.26 | 13.17 | 13.81 | 13.58 | 17.04 | 14.02 | 23.72 | 24.18 |
| P/S Ratio | 3.17 | 2.33 | 3.28 | 4.00 | 3.68 | 4.09 | 3.52 | 4.84 | 4.01 | 4.59 | 5.72 |
| P/B Ratio | 1.50 | 1.11 | 1.36 | 1.29 | 1.81 | 1.68 | 1.45 | 2.07 | 1.83 | 2.13 | 2.57 |
| P/FCF | 44.33 | 32.54 | 10.90 | 10.47 | 11.74 | 10.51 | 10.75 | 14.33 | 12.73 | 24.15 | 18.88 |
| P/OCF | 36.44 | 26.75 | 10.19 | 9.68 | 10.81 | 10.10 | 10.27 | 13.48 | 10.58 | 14.25 | 15.54 |
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 | — | 3.51 | 5.50 | 6.66 | 4.57 | 4.52 | 3.37 | 6.96 | 7.59 | 8.35 | 9.19 |
| EV / EBITDA | 8.32 | 6.71 | 15.70 | 60.15 | 11.44 | 10.72 | 9.11 | 17.17 | 18.58 | 21.15 | 23.79 |
| EV / EBIT | 8.64 | 6.97 | 17.46 | 118.35 | 12.64 | 11.80 | 10.20 | 19.13 | 20.60 | 23.42 | 26.25 |
| EV / FCF | — | 49.04 | 18.29 | 17.45 | 14.58 | 11.61 | 10.29 | 20.58 | 24.08 | 43.93 | 30.35 |
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 | 75.1% | 75.1% | 66.9% | 69.6% | 92.7% | 95.2% | 85.8% | 84.4% | 86.5% | 89.9% | 90.2% |
| Operating Margin | 38.8% | 38.8% | 21.5% | 4.0% | 33.8% | 36.2% | 30.1% | 30.8% | 32.3% | 32.6% | 32.2% |
| Net Profit Margin | 27.8% | 27.8% | 16.4% | 3.1% | 26.2% | 28.2% | 23.9% | 24.5% | 25.5% | 17.9% | 22.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.5% | 19.5% | 10.2% | 1.5% | 12.6% | 12.3% | 11.2% | 12.7% | 13.8% | 9.3% | 11.1% |
| ROA | 1.9% | 1.9% | 0.9% | 0.1% | 1.1% | 1.2% | 1.1% | 1.2% | 1.2% | 0.8% | 1.0% |
| ROIC | 10.9% | 10.9% | 4.9% | 0.8% | 8.7% | 8.7% | 6.0% | 5.0% | 4.6% | 4.6% | 5.1% |
| ROCE | 17.3% | 17.3% | 8.3% | 1.5% | 12.8% | 11.1% | 8.4% | 2.6% | 1.9% | 3.5% | 6.8% |
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 | 0.70 | 0.70 | 1.11 | 0.97 | 0.56 | 0.26 | 0.48 | 1.11 | 1.76 | 1.89 | 1.68 |
| Debt / EBITDA | 2.83 | 2.83 | 7.64 | 27.38 | 2.87 | 1.51 | 3.15 | 6.42 | 9.46 | 10.32 | 9.67 |
| Net Debt / Equity | — | 0.56 | 0.92 | 0.86 | 0.44 | 0.18 | -0.06 | 0.90 | 1.63 | 1.74 | 1.56 |
| Net Debt / EBITDA | 2.26 | 2.26 | 6.34 | 24.04 | 2.22 | 1.01 | -0.41 | 5.21 | 8.76 | 9.52 | 9.00 |
| Debt / FCF | — | 16.50 | 7.39 | 6.97 | 2.83 | 1.10 | -0.46 | 6.25 | 11.35 | 19.78 | 11.48 |
| Interest Coverage | 1.70 | 1.70 | 0.68 | 0.14 | 5.21 | 6.54 | 3.37 | 2.03 | 2.62 | 3.74 | 3.91 |
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 | 0.15 | 0.15 | 0.19 | 0.22 | 0.24 | 0.31 | 0.31 | 0.26 | 52.35 | 0.03 | 0.01 |
| Quick Ratio | 0.15 | 0.15 | 0.19 | 0.22 | 0.24 | 0.31 | 0.31 | 0.26 | 52.35 | 0.03 | 0.01 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.06 | 0.03 | 49.19 | 0.03 | 0.01 |
| Asset Turnover | — | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 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 | 2.6% | 3.5% | 3.6% | 4.0% | 3.0% | 2.6% | 3.0% | 2.2% | 2.6% | 2.3% | 1.9% |
| Payout Ratio | 22.4% | 22.4% | 49.5% | 363.1% | 39.5% | 36.3% | 40.4% | 37.5% | 36.0% | 52.6% | 44.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.4% | 15.5% | 7.3% | 1.1% | 7.6% | 7.2% | 7.4% | 5.9% | 7.1% | 4.2% | 4.1% |
| FCF Yield | 2.3% | 3.1% | 9.2% | 9.5% | 8.5% | 9.5% | 9.3% | 7.0% | 7.9% | 4.1% | 5.3% |
| Buyback Yield | 0.2% | 0.3% | 0.0% | 1.1% | 1.5% | 1.9% | 0.9% | 2.2% | 0.2% | 0.0% | 0.1% |
| Total Shareholder Yield | 2.7% | 3.7% | 3.6% | 5.2% | 4.5% | 4.6% | 3.9% | 4.4% | 2.8% | 2.3% | 2.0% |
| Shares Outstanding | — | $14M | $14M | $14M | $14M | $15M | $15M | $15M | $15M | $15M | $15M |
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
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Quick answers to the most common questions about buying TMP stock.
Tompkins Financial Corporation's current P/E ratio is 8.8x. The historical average is 18.8x. This places it at the 3th percentile of its historical range.
Tompkins Financial Corporation's current EV/EBITDA is 8.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
Tompkins Financial Corporation's return on equity (ROE) is 19.5%. The historical average is 13.6%.
Based on historical data, Tompkins Financial Corporation is trading at a P/E of 8.8x. This is at the 3th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tompkins Financial Corporation's current dividend yield is 2.56% with a payout ratio of 22.4%.
Tompkins Financial Corporation has 75.1% gross margin and 38.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Tompkins Financial Corporation's Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Geographic concentration in NY/PA
Metrics are mathematically derived from official filings.
Premium Valuation Justified by Diversification
TMP trades at 1.50x book and 8.71x trailing earnings, a premium to peers like CZWI and FISI, reflecting its diversified fee income and conservative leverage, as per market data.
The P/B of 1.50 is above the peer median of ~1.32, suggesting the market assigns some value to TMP's insurance and wealth management franchises. However, the forward P/E of 12.59 implies a significant earnings decline from the trailing figure, likely due to the one-time non-interest income spike in 2026Q2. Investors appear to be pricing in a normalization of earnings, but the premium to tangible book may persist if fee income remains sticky.
ROE Volatility Masks Underlying Stability
ROE swung from 2.8% in 2026Q1 to 11.1% in 2025Q4, driven by a one-time fee spike, while core ROE hovers near 3%, as per TMP's quarterly reports.
Excluding the anomalous 2025Q4 and 2026Q2 quarters, ROE has been remarkably stable at 2.3-3.1%, reflecting a low-leverage balance sheet (equity/assets ~11%) and modest NIM. The DuPont decomposition shows that asset utilization is low (ROA ~0.3%), but the high fee income contribution (55.5% in 2025Q4) can temporarily inflate returns. This suggests that TMP's profitability is more reliant on non-interest income than on spread income, which may be a competitive advantage but also introduces earnings lumpiness.
NIM Expansion Tempered by Efficiency Spike
NIM improved from 0.6% in 2024Q2 to 0.8% in 2026Q1, but the efficiency ratio spiked to 108.1% in 2026Q2 due to a one-time negative NII, as reported in financial statements.
The steady NIM expansion indicates that asset yields are rising faster than funding costs, a positive sign for core profitability. However, the efficiency ratio's volatility—swinging from 23.9% to 108.1%—is driven by non-recurring items, not operational inefficiency. Excluding these anomalies, the efficiency ratio has been stable around 44%, suggesting disciplined cost control. The 34% revenue growth in 2026Q2 likely reflects the fee spike, not sustainable operating leverage.
Conservative Leverage Supports Capital Strength
Equity/assets improved from 9% in 2024Q1 to 11% in 2026Q2, with equity growing 43.7% YoY to $959.9M, indicating a fortress-like balance sheet, per TMP's balance sheet.
TMP's equity-to-assets ratio of 11% is well above the peer average of ~9%, reflecting a highly conservative capital structure with minimal debt (D/E of 0.7%). This provides ample capacity for capital return, as evidenced by a stable dividend yield of 2.6% and a payout ratio of ~33%. The strong capital position may also support future organic growth or opportunistic acquisitions, though management has historically been cautious.
Credit Quality Contained but Provision Volatility Persists
Loan loss provisions averaged $1.9M per quarter over the past year, with a peak of $5.3M in 2025Q1, indicating manageable credit costs, as per TMP's quarterly disclosures.
The provision levels are modest relative to the loan portfolio, suggesting that credit quality remains stable. However, the spike in 2025Q1 may indicate emerging stress in specific sectors, such as commercial real estate, which warrants monitoring. The bank's geographic concentration in NY and PA could amplify regional economic downturns, but current reserve levels appear adequate based on reported figures.
P/E Distorted by One-Time Fee Spike
TMP's trailing P/E of 8.71 is misleadingly low due to a $129.3M non-interest income spike in 2026Q2, which inflates earnings, as per TMP's income statement.
The market may be mispricing TMP by using trailing P/E without adjusting for the one-time fee income, which is unlikely to recur. A more accurate valuation metric would be P/TBV or P/B, which are less sensitive to earnings volatility. Additionally, the forward P/E of 12.59 suggests the market expects earnings to normalize, but this may overcorrect if fee income proves sticky. Investors should focus on core pre-provision net revenue and tangible book value growth to assess TMP's true earning power.