Unity Bancorp, Inc. (UNTY) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
8.30
+11% vs avg
5yr avg: 7.48
30Y Low1.2·High41.3
P/FCF
↑
13.02
↑+48% vs avg
5yr avg: 8.79
30Y Low2.7·High52.4
P/B Ratio
↑
1.68
↑+24% vs avg
5yr avg: 1.35
30Y Low0.3·High2.4
ROE
↓
18.1%
↓+6% vs avg
5yr avg: 17.0%
30Y Low-27%·High19%
Debt/EBITDA
↑
3.52
↓-22% vs avg
5yr avg: 4.54
30Y Low0.1·High38.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
UNTY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Unity Bancorp, Inc. trades at 10.0x earnings, 17% above its 5-year average of 8.6x, sitting at the 19th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.9x, the stock trades at a discount of 28%. On a free-cash-flow basis, the stock trades at 13.0x P/FCF, 48% above the 5-year average of 8.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $577M | $529M | $445M | $306M | $293M | $277M | $190M | $249M | $227M | $212M | $150M |
| Enterprise Value | $627M | $578M | $495M | $478M | $577M | $88M | $380M | $521M | $427M | $474M | $274M |
| P/E Ratio → | 9.99 | 9.12 | 10.74 | 7.71 | 7.61 | 7.65 | 8.01 | 10.55 | 10.33 | 16.46 | 11.38 |
| P/S Ratio | 3.06 | 2.81 | 2.73 | 2.03 | 2.70 | 2.89 | 2.09 | 2.96 | 2.96 | 3.37 | 2.73 |
| P/B Ratio | 1.68 | 1.53 | 1.51 | 1.17 | 1.22 | 1.35 | 1.09 | 1.55 | 1.64 | 1.80 | 1.41 |
| P/FCF | 13.02 | 11.92 | 9.41 | 6.66 | 7.10 | 8.85 | 8.72 | 7.66 | 6.11 | 16.41 | — |
| P/OCF | 12.86 | 11.77 | 9.27 | 6.52 | 6.86 | 8.51 | 8.50 | 7.50 | 5.87 | 14.69 | 17.10 |
P/E links to full P/E history page with 30-year chart
UNTY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Unity Bancorp, Inc.'s enterprise value stands at 8.3x EBITDA, 11% above its 5-year average of 7.5x. The Financial Services sector median is 11.5x, placing the stock at a 28% 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 | — | 3.07 | 3.04 | 3.17 | 5.33 | 0.91 | 4.17 | 6.20 | 5.58 | 7.53 | 4.99 |
| EV / EBITDA | 8.30 | 7.66 | 8.69 | 8.63 | 10.64 | 1.76 | 11.50 | 16.32 | 14.60 | 20.02 | 12.95 |
| EV / EBIT | 8.30 | 7.66 | 9.11 | 9.02 | 11.21 | 1.82 | 12.20 | 17.19 | 15.63 | 21.13 | 13.41 |
| EV / FCF | — | 13.04 | 10.47 | 10.40 | 14.00 | 2.80 | 17.45 | 16.04 | 11.51 | 36.62 | — |
UNTY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Unity Bancorp, Inc. earns an operating margin of 40.1%, significantly above the Financial Services sector average of 20.2%. Operating margins have expanded from 35.2% to 40.1% over the past 3 years, signaling improving operational efficiency. ROE of 18.1% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 10.0% represents adequate returns on invested capital versus a sector median of 5.4%.
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 | 67.9% | 67.9% | 62.5% | 65.7% | 86.2% | 91.7% | 76.4% | 76.0% | 79.6% | 82.4% | 81.8% |
| Operating Margin | 40.1% | 40.1% | 33.4% | 35.2% | 47.5% | 50.3% | 34.2% | 36.0% | 35.7% | 35.6% | 37.2% |
| Net Profit Margin | 30.8% | 30.8% | 25.4% | 26.3% | 35.5% | 37.7% | 26.0% | 28.1% | 28.7% | 20.5% | 24.0% |
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 | 18.1% | 18.1% | 14.9% | 15.9% | 17.3% | 19.0% | 14.1% | 15.8% | 17.1% | 11.5% | 14.3% |
| ROA | 2.1% | 2.1% | 1.6% | 1.6% | 1.7% | 1.8% | 1.3% | 1.4% | 1.4% | 1.0% | 1.2% |
| ROIC | 10.0% | 10.0% | 7.1% | 6.3% | 8.6% | 11.1% | 5.6% | 5.6% | 5.4% | 5.1% | 7.0% |
| ROCE | 13.0% | 13.0% | 9.2% | 8.4% | 11.5% | 14.7% | 7.4% | 7.5% | 7.2% | 7.2% | 10.4% |
UNTY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Unity Bancorp, Inc. carries a Debt/EBITDA ratio of 3.5x, which is moderately leveraged (17% below the sector average of 4.3x). Net debt stands at $50M ($266M total debt minus $217M cash). Interest coverage of just 1.3x 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 | 0.77 | 0.77 | 0.78 | 1.40 | 1.67 | 0.27 | 1.22 | 1.83 | 1.59 | 2.42 | 1.38 |
| Debt / EBITDA | 3.52 | 3.52 | 4.05 | 6.62 | 7.36 | 1.12 | 6.44 | 9.18 | 7.53 | 12.05 | 6.90 |
| Net Debt / Equity | — | 0.14 | 0.17 | 0.66 | 1.19 | -0.92 | 1.09 | 1.69 | 1.45 | 2.22 | 1.17 |
| Net Debt / EBITDA | 0.66 | 0.66 | 0.88 | 3.11 | 5.24 | -3.80 | 5.75 | 8.52 | 6.85 | 11.05 | 5.86 |
| Debt / FCF | — | 1.12 | 1.07 | 3.74 | 6.90 | -6.05 | 8.73 | 8.38 | 5.40 | 20.22 | — |
| Interest Coverage | 1.33 | 1.33 | 0.95 | 1.09 | 4.84 | 6.22 | 2.15 | 1.68 | 2.02 | 2.37 | 2.33 |
UNTY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.16x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.16 | 0.16 | 0.10 | 0.15 | 0.13 | 0.18 | 0.05 | 0.07 | 0.06 | 0.08 | 0.07 |
| Quick Ratio | 0.16 | 0.16 | 0.10 | 0.15 | 0.13 | 0.18 | 0.05 | 0.07 | 0.06 | 0.08 | 0.07 |
| Cash Ratio | 0.09 | 0.09 | 0.09 | 0.10 | 0.06 | 0.14 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
UNTY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Unity Bancorp, Inc. returns 1.8% to shareholders annually — split between a 1.0% dividend yield and 0.9% buyback yield. The payout ratio of 9.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 10.0% (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 | 1.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 9.7% | 9.7% | 12.1% | 11.9% | 11.4% | 10.0% | 13.9% | 13.8% | 12.8% | 18.5% | 11.5% |
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 | 10.0% | 11.0% | 9.3% | 13.0% | 13.1% | 13.1% | 12.5% | 9.5% | 9.7% | 6.1% | 8.8% |
| FCF Yield | 7.7% | 8.4% | 10.6% | 15.0% | 14.1% | 11.3% | 11.5% | 13.1% | 16.4% | 6.1% | — |
| Buyback Yield | 0.9% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $10M | $10M | $10M | $11M | $11M | $11M | $11M | $11M | $11M | $10M |
Peer Comparison
Compare UNTY 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 |
|---|---|---|---|---|---|---|---|---|---|
 UNTYYou | $577M | 10.0 | 8.3 | 13.0 | 67.9% | 40.1% | 18.1% | 10.0% | 3.5 |
 NBTB | $3B | 14.5 | 11.0 | 11.5 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 CZNC | $395M | 15.1 | 18.9 | 13.1 | 65.3% | 18.6% | 7.6% | 4.2% | 6.7 |
 FUNC | $272M | 11.1 | 7.8 | 17.7 | 70.2% | 27.3% | 12.8% | 7.1% | 3.5 |
 MNSB | $184M | 14.2 | 11.9 | 17.3 | 54.4% | 14.0% | 7.3% | 5.0% | 3.7 |
 NFBK | $617M | 746.5 | 63.8 | 11.8 | 35.3% | 9.3% | 0.1% | 0.8% | 39.6 |
 OCFC | $1B | 15.9 | 27.5 | 13.4 | 54.5% | 14.1% | 4.2% | 2.2% | 17.5 |
 PBFS | $423M | 22.2 | 9.2 | 13.1 | 100.0% | 37.3% | 6.3% | 8.1% | — |
 CHMG | $349M | 23.2 | 14.6 | 7.9 | 64.2% | 14.2% | 6.4% | 5.0% | 0.2 |
 FXNC | $273M | 15.4 | 7.0 | 13.0 | 74.0% | 19.6% | 10.0% | 7.7% | 1.9 |
 BWFG | $444M | 12.5 | 7.6 | 17.0 | 51.6% | 23.3% | 12.3% | 8.0% | 3.4 |
| Financial Services Median | — | 13.9 | 11.5 | 11.2 | 64.1% | 20.2% | 9.0% | 5.4% | 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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Run the NumbersIs UNTY Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
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Side-by-side revenue, margins, P/E and 10-year returns vs NBT Bancorp Inc..
Compare NowUNTY — Frequently Asked Questions
Quick answers to the most common questions about buying UNTY stock.
What is Unity Bancorp, Inc.'s P/E ratio?
Unity Bancorp, Inc.'s current P/E ratio is 10.0x. The historical average is 16.9x. This places it at the 19th percentile of its historical range.
What is Unity Bancorp, Inc.'s EV/EBITDA?
Unity Bancorp, Inc.'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 14.0x.
What is Unity Bancorp, Inc.'s ROE?
Unity Bancorp, Inc.'s return on equity (ROE) is 18.1%. The historical average is 9.4%.
Is UNTY stock overvalued?
Based on historical data, Unity Bancorp, Inc. is trading at a P/E of 10.0x. This is at the 19th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Unity Bancorp, Inc.'s dividend yield?
Unity Bancorp, Inc.'s current dividend yield is 0.97% with a payout ratio of 9.7%.
What are Unity Bancorp, Inc.'s profit margins?
Unity Bancorp, Inc. has 67.9% gross margin and 40.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Unity Bancorp, Inc. have?
Unity Bancorp, Inc.'s Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.