West Bancorporation, Inc. (WTBA) Financial Ratios
25 years of historical data (2001–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
11.82
↓-19% vs avg
5yr avg: 14.64
30Y Low7.9·High43.2
P/FCF
↓
9.46
↓-34% vs avg
5yr avg: 14.34
30Y Low5.3·High26.8
P/B Ratio
↓
1.54
↓-11% vs avg
5yr avg: 1.73
30Y Low0.6·High3.2
ROE
↓
13.2%
-12% vs avg
5yr avg: 15.0%
30Y Low-10%·High20%
Debt/EBITDA
↓
2.57
↓-69% vs avg
5yr avg: 8.31
30Y Low2.6·High24.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WTBA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
West Bancorporation, Inc. trades at 12.6x earnings, roughly in line with its 5-year average of 12.3x, sitting at the 33rd percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.1x. On a free-cash-flow basis, the stock trades at 9.5x P/FCF, 34% below the 5-year average of 14.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $408M | $378M | $366M | $355M | $429M | $522M | $319M | $422M | $313M | $411M | $400M |
| Enterprise Value | $490M | $459M | $515M | $882M | $889M | $529M | $463M | $610M | $499M | $519M | $494M |
| P/E Ratio → | 12.56 | 11.56 | 15.25 | 14.72 | 9.26 | 10.53 | 9.75 | 14.73 | 10.97 | 17.84 | 17.39 |
| P/S Ratio | 2.06 | 1.90 | 1.85 | 2.09 | 3.21 | 4.48 | 2.91 | 3.95 | 3.38 | 5.03 | 5.55 |
| P/B Ratio | 1.54 | 1.42 | 1.61 | 1.58 | 2.03 | 2.00 | 1.42 | 1.99 | 1.64 | 2.31 | 2.42 |
| P/FCF | 9.46 | 8.75 | 26.75 | — | 11.26 | 10.62 | 7.98 | 11.76 | 9.07 | 14.52 | 23.02 |
| P/OCF | 8.79 | 8.12 | 9.19 | 14.06 | 7.22 | 9.01 | 7.54 | 11.43 | 9.01 | 13.99 | 13.26 |
P/E links to full P/E history page with 30-year chart
WTBA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
West Bancorporation, Inc.'s enterprise value stands at 11.8x EBITDA, 19% below its 5-year average of 14.6x. This is roughly in line with the Financial Services sector median of 11.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.31 | 2.60 | 5.20 | 6.65 | 4.54 | 4.24 | 5.70 | 5.39 | 6.35 | 6.86 |
| EV / EBITDA | 11.82 | 11.08 | 14.98 | 25.26 | 13.91 | 7.95 | 10.35 | 14.95 | 12.05 | 12.38 | 12.92 |
| EV / EBIT | 11.82 | 11.08 | 18.76 | 29.62 | 14.96 | 8.40 | 11.20 | 17.07 | 14.23 | 14.24 | 15.00 |
| EV / FCF | — | 10.63 | 37.66 | — | 23.30 | 10.76 | 11.60 | 16.98 | 14.45 | 18.34 | 28.43 |
WTBA Profitability
Margins and return-on-capital ratios measuring operating efficiency
West Bancorporation, Inc. earns an operating margin of 20.9%, roughly in line with the Financial Services sector average. Operating margins have expanded from 17.5% to 20.9% over the past 3 years, signaling improving operational efficiency. ROE of 13.2% is modest. ROIC of 6.3% 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 | 48.0% | 48.0% | 39.5% | 45.8% | 78.2% | 90.8% | 73.1% | 69.3% | 75.7% | 84.1% | 87.7% |
| Operating Margin | 20.9% | 20.9% | 13.9% | 17.5% | 44.5% | 54.0% | 37.8% | 33.4% | 37.9% | 44.6% | 45.7% |
| Net Profit Margin | 16.4% | 16.4% | 12.2% | 14.2% | 34.7% | 42.6% | 29.9% | 26.8% | 30.8% | 28.2% | 31.9% |
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 | 13.2% | 13.2% | 10.6% | 11.1% | 19.7% | 20.5% | 15.0% | 14.2% | 15.4% | 13.4% | 14.5% |
| ROA | 0.8% | 0.8% | 0.6% | 0.6% | 1.3% | 1.5% | 1.2% | 1.2% | 1.3% | 1.2% | 1.3% |
| ROIC | 6.3% | 6.3% | 2.9% | 2.9% | 7.7% | 10.4% | 7.0% | 6.2% | 7.1% | 8.8% | 8.2% |
| ROCE | 6.2% | 6.2% | 4.0% | 5.0% | 12.4% | 14.0% | 9.5% | 9.1% | 11.2% | 12.9% | 11.6% |
WTBA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
West Bancorporation, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (38% below the sector average of 4.1x). Net debt stands at $81M ($106M total debt minus $25M cash). Interest coverage of just 0.4x 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 | 0.40 | 0.40 | 1.72 | 2.63 | 2.30 | 0.77 | 0.99 | 1.06 | 1.22 | 0.80 | 0.82 |
| Debt / EBITDA | 2.57 | 2.57 | 11.42 | 16.96 | 7.61 | 3.00 | 4.97 | 5.52 | 5.61 | 3.41 | 3.53 |
| Net Debt / Equity | — | 0.31 | 0.65 | 2.34 | 2.18 | 0.03 | 0.65 | 0.89 | 0.97 | 0.61 | 0.57 |
| Net Debt / EBITDA | 1.96 | 1.96 | 4.34 | 15.09 | 7.19 | 0.11 | 3.23 | 4.60 | 4.49 | 2.58 | 2.46 |
| Debt / FCF | — | 1.88 | 10.91 | — | 12.05 | 0.14 | 3.62 | 5.22 | 5.39 | 3.82 | 5.41 |
| Interest Coverage | 0.40 | 0.40 | 0.23 | 0.33 | 1.88 | 5.15 | 2.38 | 1.11 | 1.54 | 2.81 | 4.18 |
WTBA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.14x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.22x to 0.14x 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 | 0.14 | 0.14 | 0.24 | 0.22 | 0.22 | 0.32 | 0.19 | 0.22 | 0.26 | 0.26 | 0.20 |
| Quick Ratio | 0.14 | 0.14 | 0.24 | 0.22 | 0.22 | 0.32 | 0.19 | 0.22 | 0.26 | 0.26 | 0.20 |
| Cash Ratio | 0.01 | 0.01 | 0.07 | 0.02 | 0.01 | 0.06 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WTBA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
West Bancorporation, Inc. returns 4.4% to shareholders annually — split between a 4.1% dividend yield and 0.3% buyback yield. A payout ratio of 51.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 8.0% (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 | 4.1% | 4.5% | 4.6% | 4.7% | 3.9% | 3.0% | 4.3% | 3.2% | 4.1% | 2.8% | 2.7% |
| Payout Ratio | 51.9% | 51.9% | 69.9% | 69.2% | 35.8% | 31.3% | 42.2% | 47.3% | 44.5% | 49.8% | 46.9% |
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 | 8.0% | 8.7% | 6.6% | 6.8% | 10.8% | 9.5% | 10.3% | 6.8% | 9.1% | 5.6% | 5.7% |
| FCF Yield | 10.6% | 11.4% | 3.7% | — | 8.9% | 9.4% | 12.5% | 8.5% | 11.0% | 6.9% | 4.3% |
| Buyback Yield | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | 0.1% |
| Total Shareholder Yield | 4.4% | 4.8% | 4.9% | 5.0% | 4.2% | 3.2% | 4.6% | 3.4% | 4.4% | 3.0% | 2.8% |
| Shares Outstanding | — | $17M | $17M | $17M | $17M | $17M | $17M | $16M | $16M | $16M | $16M |
Peer Comparison
Compare WTBA 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 |
|---|---|---|---|---|---|---|---|---|---|
 WTBAYou | $408M | 12.6 | 11.8 | 9.5 | 48.0% | 20.9% | 13.2% | 6.3% | 2.6 |
 IROQ | $89M | 19.4 | 21.7 | 13.6 | 54.7% | 12.2% | 5.5% | 2.9% | 11.2 |
 FBIZ | $473M | 9.4 | 11.6 | 7.7 | 57.3% | 21.6% | 14.4% | 7.0% | 4.3 |
 MGYR | $115M | 11.3 | 10.6 | 11.7 | 60.3% | 23.6% | 8.5% | 6.7% | 3.3 |
 MOFG | $1B | -13.9 | — | 16.7 | 29.4% | -40.8% | -11.1% | -9.4% | — |
 ISBA | $305M | 16.2 | 19.2 | 13.1 | 70.6% | 19.8% | 8.6% | 4.8% | 6.4 |
 QCRH | $2B | 12.2 | 15.3 | 4.3 | 57.7% | 22.8% | 12.1% | 6.2% | 4.5 |
 SBCF | $3B | 19.6 | 22.4 | 16.9 | 61.6% | 21.4% | 5.5% | 3.9% | 7.2 |
 CFFI | $252M | 9.3 | 10.7 | 11.4 | 69.5% | 17.8% | 11.0% | 6.8% | 3.5 |
 CZWI | $203M | 14.4 | 15.3 | 19.6 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 FHN | $12B | 13.0 | 11.6 | 18.9 | 67.3% | 25.7% | 10.8% | 7.0% | 3.4 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonWTBA — Frequently Asked Questions
Quick answers to the most common questions about buying WTBA stock.
What is West Bancorporation, Inc.'s P/E ratio?
West Bancorporation, Inc.'s current P/E ratio is 12.6x. The historical average is 14.4x. This places it at the 33th percentile of its historical range.
What is West Bancorporation, Inc.'s EV/EBITDA?
West Bancorporation, Inc.'s current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.2x.
What is West Bancorporation, Inc.'s ROE?
West Bancorporation, Inc.'s return on equity (ROE) is 13.2%. The historical average is 14.1%.
Is WTBA stock overvalued?
Based on historical data, West Bancorporation, Inc. is trading at a P/E of 12.6x. 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 West Bancorporation, Inc.'s dividend yield?
West Bancorporation, Inc.'s current dividend yield is 4.12% with a payout ratio of 51.9%.
What are West Bancorporation, Inc.'s profit margins?
West Bancorporation, Inc. has 48.0% gross margin and 20.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does West Bancorporation, Inc. have?
West Bancorporation, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.