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WSBKWinchester Bancorp, Inc. Common Stock
$13.19$118M
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  4. Financial Ratios

Winchester Bancorp, Inc. Common Stock (WSBK) Financial Ratios

Latest Ratios: P/E Ratio -131.9x · EV/EBITDA N/A · ROE -0.9%. (2023–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

WSBK Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023
Market Cap$118M$83M——
Enterprise Value$210M$175M——
P/E Ratio →-131.90———
P/S Ratio2.661.86——
P/B Ratio1.060.72——
P/FCF54.1937.95——
P/OCF47.9533.58——

P/E links to full P/E history page with 30-year chart

WSBK EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023
EV / Revenue—3.92——
EV / EBITDA————
EV / EBIT————
EV / FCF—80.02——

WSBK Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023
Gross Margin38.8%38.8%42.2%67.0%
Operating Margin-3.4%-3.4%2.1%21.8%
Net Profit Margin-2.0%-2.0%2.2%16.1%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023
ROE-0.9%-0.9%1.0%5.4%
ROA-0.1%-0.1%0.1%0.6%
ROIC-0.5%-0.5%0.3%2.5%
ROCE-0.6%-0.6%0.4%3.7%

WSBK Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023
Debt / Equity1.271.271.611.19
Debt / EBITDA——86.0814.64
Net Debt / Equity—0.801.060.51
Net Debt / EBITDA——56.756.31
Debt / FCF—42.07—8.35
Interest Coverage-0.06-0.060.040.79

WSBK Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023
Current Ratio0.090.090.120.14
Quick Ratio0.090.090.120.14
Cash Ratio0.080.080.070.09
Asset Turnover—0.050.040.03
Inventory Turnover————
Days Sales Outstanding————

WSBK Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023
Dividend Yield————
Payout Ratio————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023
Earnings Yield————
FCF Yield1.8%2.6%——
Buyback Yield2.8%4.0%——
Total Shareholder Yield2.8%4.0%——
Shares Outstanding—$9M$9M$9M

Key Metrics

Growth RegimeExpanding
ProfitabilityStrained
Balance SheetHealthy
Cash FlowImproving
Top Statement Risk

Geographic and scale concentration

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q3)

Market Pricing Reflects Scale Deficit

Based on recent market data, Winchester Bancorp trades at a price-to-tangible-book-value of 1.05, which suggests that investors are currently pricing the bank as a commodity balance sheet rather than a premium franchise, given the persistent lack of meaningful return on tangible equity.

The current valuation multiple indicates that the market is waiting for evidence of operational leverage before assigning a premium. Investors should monitor whether the bank can deploy its excess cash into higher-yielding assets to justify a valuation expansion toward peer levels.

DuPont Analysis Reveals Margin Drag

As reported in quarterly financial statements, the bank's return on equity remains suppressed at 1.0% as of 2026Q3, primarily driven by a thin net interest margin of 0.6% and an inability to leverage the balance sheet effectively to generate sustainable non-interest income.

The decomposition of profitability suggests that the bank's reliance on a conservative, low-yield asset mix is the primary constraint on ROE. Without a shift toward higher-margin commercial lending, the bank may continue to struggle with profitability despite its recent revenue growth.

Efficiency Ratio Hinders Earnings Potential

According to the latest regulatory filings, the efficiency ratio reached 37.6% in 2026Q3, indicating that the bank's fixed-cost structure remains a significant hurdle to achieving positive operating margins in the current interest rate environment.

The persistent pressure on the efficiency ratio suggests that the bank has not yet achieved the necessary scale to absorb its administrative overhead. Investors should monitor whether management can implement technological efficiencies to lower this ratio and improve the bottom line.

Capital Buffer Supports Future Deployment

Based on the provided balance sheet data, the bank maintains an equity-to-assets ratio of 0.11, which appears to be a healthy capital position that provides a stable foundation for future asset growth or potential capital return initiatives.

This capital adequacy level suggests that the bank is well-positioned to absorb potential credit shocks within its concentrated Massachusetts portfolio. However, the current high cash-to-revenue ratio implies that this capital is currently underutilized and acting as a drag on overall returns.

P/E Ratio Misleading for Thrifts

As indicated by the TTM P/E of -131.40, the price-to-earnings ratio is a fundamentally flawed metric for Winchester Bancorp, as it obscures the bank's underlying asset value and potential for earnings inflection through the deployment of its significant cash reserves.

Investors should prioritize price-to-tangible-book-value over P/E, as the latter is distorted by the bank's current lack of profitability and the volatility of its provision for credit losses. Relying on P/E in this context may lead to an inaccurate assessment of the bank's intrinsic value.

Download Financial Ratios Data

Includes 30+ ratios · 3 years · Updated daily

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WSBK — Frequently Asked Questions

Quick answers to the most common questions about buying WSBK stock.

What is Winchester Bancorp, Inc. Common Stock's P/E ratio?

Winchester Bancorp, Inc. Common Stock's current P/E ratio is -131.9x. This places it at the 50th percentile of its historical range.

What is Winchester Bancorp, Inc. Common Stock's ROE?

Winchester Bancorp, Inc. Common Stock's return on equity (ROE) is -0.9%. The historical average is 1.8%.

Is WSBK stock overvalued?

Based on historical data, Winchester Bancorp, Inc. Common Stock is trading at a P/E of -131.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Winchester Bancorp, Inc. Common Stock's profit margins?

Winchester Bancorp, Inc. Common Stock has 38.8% gross margin and -3.4% operating margin.