Latest Ratios: P/E Ratio 13.1x · EV/EBITDA 15.5x · ROE 11.7%. (1998–2025 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 | $533M | $444M | $416M | $332M | $319M | $417M | $365M | $450M | $371M | $381M | $363M |
| Enterprise Value | $916M | $828M | $590M | $806M | $655M | $351M | $511M | $450M | $404M | $376M | $350M |
| P/E Ratio → | 13.10 | 10.51 | 10.26 | 9.56 | 9.48 | 9.70 | 10.31 | 12.50 | 12.52 | 19.53 | 20.61 |
| P/S Ratio | 2.64 | 2.20 | 2.18 | 1.97 | 2.24 | 3.17 | 2.88 | 3.57 | 3.18 | 3.92 | 4.31 |
| P/B Ratio | 1.52 | 1.22 | 1.17 | 0.98 | 1.05 | 1.15 | 1.06 | 1.45 | 1.36 | 1.49 | 1.76 |
| P/FCF | 16.57 | 13.81 | 7.43 | 6.41 | 9.88 | 7.97 | 9.85 | 9.78 | 13.57 | 9.90 | 30.26 |
| P/OCF | 15.81 | 13.18 | 7.28 | 6.24 | 9.50 | 7.92 | 9.13 | 9.62 | 12.18 | 9.37 | 23.30 |
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 | — | 4.10 | 3.09 | 4.77 | 4.60 | 2.67 | 4.02 | 3.58 | 3.46 | 3.86 | 4.15 |
| EV / EBITDA | 15.52 | 14.02 | 10.39 | 16.23 | 13.52 | 5.71 | 10.10 | 8.69 | 9.23 | 10.24 | 11.98 |
| EV / EBIT | 16.25 | 14.68 | 10.95 | 17.35 | 14.58 | 6.13 | 10.99 | 9.43 | 10.20 | 11.33 | 13.28 |
| EV / FCF | — | 25.72 | 10.53 | 15.56 | 20.27 | 6.71 | 13.78 | 9.79 | 14.78 | 9.75 | 29.18 |
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 | 73.9% | 73.9% | 70.1% | 67.8% | 84.0% | 99.7% | 89.0% | 87.2% | 88.3% | 95.8% | 96.1% |
| Operating Margin | 27.9% | 27.9% | 28.2% | 27.5% | 31.5% | 43.5% | 36.6% | 37.9% | 33.9% | 34.1% | 31.3% |
| Net Profit Margin | 21.0% | 21.0% | 21.2% | 20.6% | 23.6% | 32.7% | 27.9% | 28.6% | 25.4% | 20.1% | 20.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 11.7% | 10.9% | 10.1% | 12.2% | 10.9% | 12.4% | 11.2% | 8.5% | 8.9% |
| ROA | 1.1% | 1.1% | 1.1% | 0.9% | 1.0% | 1.3% | 1.2% | 1.4% | 1.2% | 0.9% | 0.9% |
| ROIC | 5.6% | 5.6% | 5.3% | 4.3% | 5.3% | 7.7% | 7.3% | 9.3% | 8.5% | 7.9% | 6.4% |
| ROCE | 9.3% | 9.3% | 9.0% | 9.2% | 9.8% | 12.8% | 11.7% | 13.4% | 12.1% | 11.3% | 10.3% |
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 | 1.42 | 1.42 | 0.77 | 1.63 | 1.36 | 0.53 | 0.63 | 0.26 | 0.39 | 0.25 | 0.52 |
| Debt / EBITDA | 8.79 | 8.79 | 4.83 | 11.12 | 8.52 | 3.11 | 4.29 | 1.56 | 2.45 | 1.76 | 3.68 |
| Net Debt / Equity | — | 1.05 | 0.49 | 1.40 | 1.11 | -0.18 | 0.42 | 0.00 | 0.12 | -0.02 | -0.06 |
| Net Debt / EBITDA | 6.49 | 6.49 | 3.06 | 9.54 | 6.93 | -1.08 | 2.88 | 0.01 | 0.76 | -0.15 | -0.44 |
| Debt / FCF | — | 11.92 | 3.10 | 9.14 | 10.39 | -1.27 | 3.93 | 0.01 | 1.21 | -0.14 | -1.08 |
| Interest Coverage | 1.21 | 1.21 | 1.03 | 0.92 | 3.68 | 14.12 | 8.60 | 3.51 | 4.28 | 6.35 | 7.93 |
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 | 0.19 | 0.19 | 0.26 | 0.36 | 0.32 | 0.43 | 0.22 | 0.31 | 0.29 | 0.32 | 0.37 |
| Quick Ratio | 0.19 | 0.19 | 0.26 | 0.36 | 0.32 | 0.43 | 0.22 | 0.31 | 0.29 | 0.32 | 0.37 |
| Cash Ratio | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.09 | 0.03 | 0.04 | 0.03 | 0.03 | 0.07 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 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 | 2.5% | 3.1% | 3.3% | 4.1% | 4.4% | 3.2% | 3.3% | 2.5% | 2.6% | 2.1% | 1.8% |
| Payout Ratio | 32.4% | 32.4% | 33.6% | 39.4% | 41.4% | 30.8% | 34.4% | 31.5% | 32.9% | 40.6% | 37.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.6% | 9.5% | 9.8% | 10.5% | 10.5% | 10.3% | 9.7% | 8.0% | 8.0% | 5.1% | 4.9% |
| FCF Yield | 6.0% | 7.2% | 13.5% | 15.6% | 10.1% | 12.5% | 10.2% | 10.2% | 7.4% | 10.1% | 3.3% |
| Buyback Yield | 6.0% | 7.2% | 3.8% | 2.7% | 1.6% | 1.3% | 0.7% | 0.6% | 0.0% | 0.0% | 0.6% |
| Total Shareholder Yield | 8.5% | 10.3% | 7.1% | 6.8% | 6.0% | 4.4% | 4.0% | 3.1% | 2.6% | 2.1% | 2.4% |
| Shares Outstanding | — | $14M | $14M | $15M | $15M | $15M | $15M | $15M | $15M | $14M | $14M |
Regional agricultural credit concentration
Based on reported figures, Sierra Bancorp trades at a P/B of 1.53, which suggests the market assigns a premium to its specialized agricultural lending franchise compared to broader regional peers like WaFd, which currently trades at a P/B of 1.00 as of the latest market data.
The elevated P/B multiple relative to peers indicates that investors are pricing in the bank's entrenched position within the California Central Valley. This valuation appears to reflect a market expectation of superior long-term franchise value rather than purely book-value-based performance, warranting further investigation into whether this premium is justified by sustainable ROTCE.
According to recent financial statements, Sierra Bancorp's ROE has remained constrained in the low single digits, with the 2026Q1 figure of 3.4% highlighting the impact of a compressed net interest margin and a reliance on non-interest income that has historically exhibited significant quarterly volatility.
The decomposition of profitability suggests that the bank's asset utilization is currently hampered by a stagnant NIM, which has hovered around 0.8% for several quarters. Investors should monitor whether the bank can improve its non-interest income contribution to offset the structural headwinds facing its core interest-earning asset base.
As reported in recent SEC filings, Sierra Bancorp maintained an efficiency ratio of 44.4% in 2026Q1, demonstrating disciplined cost management despite the inherent overhead costs associated with maintaining a physical branch network across the California Central Valley's specialized agricultural lending footprint, which remains a key operational focus.
While the efficiency ratio appears stable, it may be masking the underlying pressure on the net interest margin, which has struggled to expand in the current rate environment. The bank's ability to maintain this level of operational discipline is critical, as any upward trend in the efficiency ratio could signal a deterioration in core earnings power.
Based on the provided quarterly data, Sierra Bancorp has consistently maintained an equity-to-assets ratio of approximately 0.10, which suggests a robust capital buffer that provides the institution with significant resilience against potential regional economic shocks or localized agricultural downturns, as noted in recent financial disclosures.
This capital position appears to be a strategic choice, reflecting a conservative approach to leverage that prioritizes balance sheet preservation. Such a stance may limit short-term ROE expansion but provides the bank with the necessary capacity to navigate the cyclical nature of its agricultural lending portfolio.
Investors frequently misapply the P/E ratio to Sierra Bancorp, as reported in financial statements, because the metric is heavily distorted by the volatility of SBA loan sale gains and fluctuating credit provisions, which do not accurately reflect the bank's core, recurring earnings power or its long-term franchise value.
The P/E ratio obscures the underlying health of the bank by conflating transactional income with core lending performance. Analysts should instead prioritize P/TBV and adjusted ROE metrics to better assess the bank's valuation relative to its tangible capital base and the durability of its regional deposit franchise.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying BSRR stock.
Sierra Bancorp's current P/E ratio is 13.1x. The historical average is 13.8x. This places it at the 46th percentile of its historical range.
Sierra Bancorp's current EV/EBITDA is 15.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
Sierra Bancorp's return on equity (ROE) is 11.7%. The historical average is 12.6%.
Based on historical data, Sierra Bancorp is trading at a P/E of 13.1x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sierra Bancorp's current dividend yield is 2.48% with a payout ratio of 32.4%.
Sierra Bancorp has 73.9% gross margin and 27.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Sierra Bancorp's Debt/EBITDA ratio is 8.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.