Latest Ratios: P/E Ratio 14.6x · EV/EBITDA 13.9x · ROE 7.8%. (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 | $8.2B | $6.6B | $4.7B | $5.5B | $5.5B | $5.6B | $3.9B | $3.9B | $3.0B | $3.0B | $3.0B |
| Enterprise Value | $11.3B | $9.7B | $6.5B | $8.3B | $6.7B | $6.0B | $6.4B | $7.0B | $6.4B | $5.7B | $5.1B |
| P/E Ratio → | 14.57 | 11.56 | 13.13 | 11.43 | 9.92 | 12.28 | 10.48 | 13.16 | 11.84 | 19.34 | 18.48 |
| P/S Ratio | 2.34 | 1.89 | 1.31 | 1.65 | 2.53 | 3.78 | 2.52 | 2.54 | 2.28 | 3.14 | 3.41 |
| P/B Ratio | 1.06 | 0.84 | 0.63 | 0.83 | 0.86 | 1.11 | 0.86 | 0.89 | 0.88 | 1.17 | 1.25 |
| P/FCF | 23.72 | 19.15 | 8.56 | 14.62 | 3.86 | 6.73 | 24.15 | 14.87 | 9.72 | 4.80 | 7.09 |
| P/OCF | 23.72 | 19.15 | 8.56 | 14.62 | 3.86 | 6.73 | 24.15 | 14.87 | 9.72 | 4.80 | 7.09 |
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 | — | 2.78 | 1.82 | 2.49 | 3.05 | 4.03 | 4.08 | 4.59 | 4.92 | 5.99 | 5.90 |
| EV / EBITDA | 13.87 | 11.94 | 12.56 | 10.96 | 7.75 | 8.68 | 10.45 | 13.33 | 16.92 | 19.69 | 19.08 |
| EV / EBIT | 15.15 | 13.04 | 14.81 | 12.30 | 8.54 | 9.37 | 12.07 | 15.41 | 19.28 | 22.40 | 22.00 |
| EV / FCF | — | 28.22 | 11.84 | 22.07 | 4.67 | 7.18 | 39.11 | 26.88 | 20.92 | 9.14 | 12.25 |
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 | 53.9% | 53.9% | 42.9% | 54.7% | 82.7% | 89.4% | 75.1% | 70.9% | 74.1% | 80.5% | 81.5% |
| Operating Margin | 21.3% | 21.3% | 12.3% | 20.2% | 35.8% | 43.0% | 33.8% | 29.7% | 25.5% | 26.7% | 26.8% |
| Net Profit Margin | 17.1% | 17.1% | 10.6% | 14.9% | 26.1% | 31.8% | 24.9% | 20.2% | 20.2% | 17.1% | 19.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.8% | 7.8% | 5.4% | 7.6% | 9.9% | 9.8% | 8.7% | 8.0% | 8.9% | 6.6% | 7.3% |
| ROA | 0.9% | 0.9% | 0.6% | 0.8% | 1.1% | 1.1% | 1.0% | 0.9% | 0.9% | 0.7% | 0.8% |
| ROIC | 5.0% | 5.0% | 3.1% | 5.4% | 7.3% | 6.1% | 4.9% | 4.5% | 3.9% | 3.6% | 3.5% |
| ROCE | 2.0% | 2.0% | 4.0% | 7.6% | 10.3% | 9.3% | 7.9% | 7.9% | 6.7% | 6.0% | 6.3% |
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 | 0.44 | 0.44 | 0.50 | 0.55 | 0.33 | 0.48 | 0.82 | 0.82 | 1.14 | 1.23 | 1.08 |
| Debt / EBITDA | 4.22 | 4.22 | 7.14 | 4.87 | 2.44 | 3.50 | 6.17 | 6.78 | 10.20 | 10.80 | 9.50 |
| Net Debt / Equity | — | 0.40 | 0.24 | 0.42 | 0.18 | 0.07 | 0.53 | 0.72 | 1.02 | 1.06 | 0.91 |
| Net Debt / EBITDA | 3.83 | 3.83 | 3.48 | 3.70 | 1.34 | 0.53 | 4.00 | 5.96 | 9.06 | 9.35 | 8.04 |
| Debt / FCF | — | 9.06 | 3.29 | 7.45 | 0.80 | 0.44 | 14.96 | 12.01 | 11.20 | 4.34 | 5.16 |
| Interest Coverage | 0.51 | 0.51 | 0.25 | 0.46 | 2.43 | 5.15 | 2.00 | 1.08 | 1.09 | 1.45 | 1.57 |
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 | 0.75 | 0.75 | 0.05 | 0.05 | 0.05 | 0.09 | 0.08 | 0.07 | 0.08 | 0.10 | 0.09 |
| Quick Ratio | 0.75 | 0.75 | 0.05 | 0.05 | 0.05 | 0.09 | 0.08 | 0.07 | 0.08 | 0.10 | 0.09 |
| Cash Ratio | 0.42 | 0.42 | 0.04 | 0.02 | 0.02 | 0.06 | 0.04 | 0.01 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.05 | 0.06 | 0.06 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 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 | 3.0% | 3.8% | 4.9% | 4.1% | 3.7% | 3.2% | 4.5% | 3.8% | 4.7% | 3.9% | 3.8% |
| Payout Ratio | 41.6% | 41.6% | 60.0% | 45.2% | 36.2% | 37.9% | 45.6% | 47.3% | 53.1% | 71.6% | 66.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 8.6% | 7.6% | 8.7% | 10.1% | 8.1% | 9.5% | 7.6% | 8.4% | 5.2% | 5.4% |
| FCF Yield | 4.2% | 5.2% | 11.7% | 6.8% | 25.9% | 14.8% | 4.1% | 6.7% | 10.3% | 20.8% | 14.1% |
| Buyback Yield | 0.9% | 1.1% | 0.2% | 0.2% | 0.4% | 0.4% | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 3.9% | 4.9% | 5.1% | 4.3% | 4.2% | 3.6% | 4.6% | 3.8% | 4.8% | 4.0% | 3.9% |
| Shares Outstanding | — | $564M | $518M | $509M | $488M | $410M | $405M | $340M | $333M | $265M | $255M |
CRE concentration and provisioning
Based on recent financial data, Valley National Bancorp trades at a P/B ratio of 1.06, which appears to reflect a persistent valuation discount relative to regional peers, likely driven by investor concerns regarding the bank's significant concentration in urban commercial real estate and office property exposures.
The current P/B multiple suggests that the market is pricing the bank as a commodity balance sheet rather than a premium franchise, likely discounting the potential for future credit losses. Investors should monitor whether the bank's expansion into Florida can eventually drive a re-rating toward the higher multiples observed in more diversified regional peers.
According to quarterly financial statements, the bank's ROE has shown a gradual recovery from 1.0% in 2024Q2 to 2.1% by 2026Q1, a trend that indicates a slow improvement in core profitability as the institution navigates the integration of recent acquisitions and a challenging interest rate environment.
The DuPont decomposition suggests that profitability remains constrained by a reliance on net interest income, with non-interest income contributing only 7.9% of total revenue. This lack of fee-based diversification implies that the bank's ROE will remain highly sensitive to NIM volatility and the ongoing repricing of its deposit base.
As reported in recent filings, the bank achieved an efficiency ratio of 35.6% in 2026Q1, demonstrating disciplined cost control that has helped stabilize margins despite the persistent pressure from rising interest-bearing liability costs within the competitive New York and New Jersey metropolitan banking corridors.
While the efficiency ratio appears strong, the underlying NIM of 0.7% suggests that the bank's funding costs are significantly impacting its core earnings power. The ability to maintain this efficiency level while managing a complex, branch-heavy footprint will be critical for sustaining profitability in the coming quarters.
Investors frequently misapply the P/E ratio to Valley National Bancorp, failing to account for the significant volatility introduced by CECL-based provision for credit losses, which can artificially depress earnings and create a misleading picture of the bank's true underlying operational performance and long-term earnings capacity.
Because provisions are highly subjective and sensitive to management's economic forecasts, the P/E ratio often obscures the bank's core earnings power. Analysts should instead focus on P/TBV and pre-provision net revenue (PPNR) to better assess the bank's valuation and operational health without the noise of credit-related accounting adjustments.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying VLY stock.
Valley National Bancorp's current P/E ratio is 14.6x. The historical average is 16.4x. This places it at the 30th percentile of its historical range.
Valley National Bancorp's current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.9x.
Valley National Bancorp's return on equity (ROE) is 7.8%. The historical average is 13.1%.
Based on historical data, Valley National Bancorp is trading at a P/E of 14.6x. This is at the 30th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Valley National Bancorp's current dividend yield is 3.00% with a payout ratio of 41.6%.
Valley National Bancorp has 53.9% gross margin and 21.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Valley National Bancorp's Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.