Latest Ratios: P/E Ratio 19.9x · EV/EBITDA 13.6x · ROE 7.0%. (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 | $2.5B | $2.1B | $1.4B | $1.4B | $1.4B | $1.5B | $1.2B | $1.5B | $1.2B | $1.3B | $1.1B |
| Enterprise Value | $2.8B | $2.4B | $1.1B | $1.2B | $2.1B | $1.3B | $979M | $1.5B | $1.4B | $1.7B | $1.3B |
| P/E Ratio → | 19.88 | 16.18 | 11.90 | 11.39 | 10.79 | 12.33 | 11.78 | 14.71 | 12.21 | 20.65 | 21.99 |
| P/S Ratio | 2.37 | 2.03 | 2.05 | 2.32 | 2.85 | 3.52 | 2.66 | 3.21 | 3.21 | 4.18 | 4.54 |
| P/B Ratio | 1.05 | 0.86 | 0.98 | 1.10 | 1.21 | 1.15 | 0.93 | 1.24 | 1.21 | 1.38 | 1.83 |
| P/FCF | 14.22 | 12.20 | 7.89 | 8.52 | 8.63 | 9.68 | 7.43 | 20.19 | 6.33 | 5.42 | — |
| P/OCF | 12.83 | 11.01 | 7.61 | 8.05 | 8.37 | 9.38 | 7.24 | 17.17 | 5.96 | 5.10 | — |
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 | — | 2.33 | 1.70 | 2.00 | 4.27 | 3.06 | 2.20 | 3.10 | 3.65 | 5.48 | 5.58 |
| EV / EBITDA | 13.58 | 11.87 | 6.49 | 6.80 | 11.09 | 7.14 | 6.27 | 9.23 | 9.10 | 13.71 | 15.18 |
| EV / EBIT | 14.90 | 13.02 | 7.36 | 7.80 | 12.85 | 8.43 | 7.64 | 10.89 | 10.25 | 15.66 | 17.51 |
| EV / FCF | — | 13.98 | 6.56 | 7.33 | 12.92 | 8.42 | 6.16 | 19.50 | 7.19 | 7.10 | — |
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 | 63.9% | 63.9% | 68.4% | 73.0% | 91.5% | 97.0% | 81.5% | 83.2% | 87.0% | 91.5% | 93.4% |
| Operating Margin | 17.9% | 17.9% | 23.1% | 25.6% | 33.2% | 36.3% | 28.8% | 28.4% | 35.6% | 35.0% | 31.8% |
| Net Profit Margin | 13.0% | 13.0% | 17.2% | 20.4% | 26.4% | 28.6% | 22.6% | 21.8% | 26.3% | 20.3% | 20.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.0% | 7.0% | 8.6% | 10.1% | 10.4% | 9.5% | 8.1% | 9.3% | 10.3% | 8.2% | 10.3% |
| ROA | 0.9% | 0.9% | 0.9% | 1.0% | 1.0% | 1.1% | 1.0% | 1.2% | 1.3% | 0.9% | 1.1% |
| ROIC | 5.8% | 5.8% | 6.3% | 6.0% | 6.0% | 6.3% | 5.6% | 6.5% | 6.5% | 6.0% | 6.8% |
| ROCE | 2.3% | 2.3% | 8.3% | 8.9% | 9.3% | 9.0% | 7.9% | 9.4% | 10.8% | 10.8% | 11.5% |
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 | 0.20 | 0.20 | 0.34 | 0.41 | 0.80 | 0.48 | 0.38 | 0.39 | 0.41 | 0.80 | 0.70 |
| Debt / EBITDA | 2.39 | 2.39 | 2.70 | 2.96 | 4.90 | 3.45 | 3.11 | 3.01 | 2.69 | 6.07 | 4.71 |
| Net Debt / Equity | — | 0.13 | -0.17 | -0.15 | 0.60 | -0.15 | -0.16 | -0.04 | 0.17 | 0.43 | 0.42 |
| Net Debt / EBITDA | 1.51 | 1.51 | -1.31 | -1.11 | 3.69 | -1.07 | -1.30 | -0.33 | 1.10 | 3.26 | 2.82 |
| Debt / FCF | — | 1.78 | -1.33 | -1.20 | 4.29 | -1.26 | -1.27 | -0.69 | 0.87 | 1.69 | — |
| Interest Coverage | 0.58 | 0.58 | 0.76 | 0.96 | 4.43 | 5.58 | 2.94 | 1.95 | 3.00 | 5.16 | 7.47 |
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 | 0.07 | 0.07 | 0.19 | 0.27 | 0.25 | 0.44 | 0.33 | 0.27 | 0.15 | 0.19 | 0.20 |
| Quick Ratio | 0.07 | 0.07 | 0.19 | 0.27 | 0.25 | 0.44 | 0.33 | 0.27 | 0.15 | 0.19 | 0.20 |
| Cash Ratio | 0.05 | 0.05 | 0.07 | 0.07 | 0.02 | 0.08 | 0.08 | 0.07 | 0.04 | 0.05 | 0.04 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.04 | 0.03 | 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 | 3.5% | 4.3% | 4.0% | 3.8% | 3.7% | 3.3% | 4.1% | 3.0% | 3.2% | 2.4% | 2.1% |
| Payout Ratio | 67.3% | 67.3% | 47.6% | 43.3% | 39.6% | 41.1% | 47.8% | 43.9% | 39.4% | 49.0% | 45.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 6.2% | 8.4% | 8.8% | 9.3% | 8.1% | 8.5% | 6.8% | 8.2% | 4.8% | 4.5% |
| FCF Yield | 7.0% | 8.2% | 12.7% | 11.7% | 11.6% | 10.3% | 13.5% | 5.0% | 15.8% | 18.5% | — |
| Buyback Yield | 2.8% | 3.3% | 0.0% | 0.3% | 0.7% | 2.2% | 1.0% | 1.6% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.3% | 7.6% | 4.0% | 4.1% | 4.4% | 5.5% | 5.1% | 4.6% | 3.2% | 2.4% | 2.1% |
| Shares Outstanding | — | $89M | $58M | $56M | $56M | $56M | $55M | $55M | $49M | $43M | $35M |
Regional credit concentration risk
Based on recent market data, BUSE trades at a P/B of 1.08, which appears to discount the bank's diversified fee-income streams from FirsTech and Wealth Management, suggesting investors may be viewing the institution primarily as a commodity regional lender rather than a specialized financial services franchise.
The current P/E of 20.27 relative to a forward P/E of 12.08 implies that the market anticipates a significant earnings recovery or margin expansion in the coming quarters. This valuation gap warrants further investigation into whether the market is correctly pricing the scalability of the FirsTech platform or merely reacting to the volatility in recent quarterly earnings.
According to quarterly financial statements, BUSE's ROE has remained constrained between 2.0% and 2.5% in recent periods, indicating that the bank's profitability is currently pressured by a combination of rising funding costs and the operational overhead required to support its diverse business segments.
The decomposition of profitability suggests that while non-interest income provides a necessary buffer, the core banking segment's NIM compression is the primary drag on returns. Investors should monitor whether the recent improvement in the efficiency ratio to 48.4% can be sustained as the bank continues to integrate its inorganic growth.
As reported in financial filings, the net interest margin has hovered between 0.5% and 0.9% over the last ten quarters, highlighting a persistent challenge in managing deposit betas while the bank aggressively scales its interest-earning asset base through strategic acquisitions.
The efficiency ratio's volatility, peaking at 61.2% in 2025Q1 before moderating, suggests that the bank is still navigating the cost-to-income trade-offs inherent in its hybrid model. The ability to maintain operating leverage while scaling FirsTech will be critical to improving the bank's overall profitability profile.
The P/E ratio is frequently misapplied to BUSE, as it fails to account for the significant volatility in loan loss provisions and one-time acquisition-related costs that distort quarterly earnings, thereby obscuring the underlying cash-generating capacity of the bank's core fee-based business segments.
Analysts should instead prioritize P/TBV and adjusted ROE metrics to better assess the bank's valuation and operational performance. Relying on P/E in this context may lead to erroneous conclusions regarding the bank's true earnings power, as it ignores the structural stability provided by the FirsTech and Wealth Management divisions.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying BUSE stock.
First Busey Corporation's current P/E ratio is 19.9x. The historical average is 17.2x. This places it at the 79th percentile of its historical range.
First Busey Corporation's current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
First Busey Corporation's return on equity (ROE) is 7.0%. The historical average is 7.3%.
Based on historical data, First Busey Corporation is trading at a P/E of 19.9x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
First Busey Corporation's current dividend yield is 3.49% with a payout ratio of 67.3%.
First Busey Corporation has 63.9% gross margin and 17.9% operating margin. Operating margin between 10-20% is typical for established companies.
First Busey Corporation's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.