Latest Ratios: P/E Ratio 14.5x · EV/EBITDA 9.0x · ROE 7.1%. (2002–2025 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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $179M | $156M | $184M | $132M | $199M | $144M | $121M | $111M | $34M | $24M | $19M |
| Enterprise Value | $159M | $135M | $163M | $96M | $180M | $69M | $84M | $93M | $26M | $17M | $31M |
| P/E Ratio → | 14.48 | 12.69 | 15.65 | 9.65 | 18.94 | 15.23 | 15.89 | 45.39 | 375.00 | 35.86 | — |
| P/S Ratio | 3.42 | 2.97 | 3.73 | 2.81 | 5.14 | 4.52 | 6.09 | 8.81 | 4.69 | 3.23 | 2.66 |
| P/B Ratio | 0.97 | 0.85 | 0.94 | 0.66 | 2.04 | 1.72 | 1.64 | 1.69 | 1.56 | 1.09 | 0.92 |
| P/FCF | 9.54 | 8.28 | 11.88 | 8.79 | 21.63 | 14.12 | 26.06 | 162.94 | 18.09 | 15.79 | 19.89 |
| P/OCF | 9.42 | 8.18 | 11.42 | 8.70 | 20.51 | 13.57 | 24.11 | 96.33 | 17.75 | 14.78 | 18.34 |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.57 | 3.31 | 2.04 | 4.63 | 2.18 | 4.22 | 7.37 | 3.65 | 2.27 | 4.22 |
| EV / EBITDA | 9.03 | 7.68 | 9.36 | 4.87 | 11.52 | 4.99 | 8.65 | 24.95 | 18.87 | 13.13 | 127.12 |
| EV / EBIT | 9.34 | 7.94 | 9.93 | 5.14 | 12.34 | 5.39 | 9.32 | 27.93 | 22.27 | 16.14 | — |
| EV / FCF | — | 7.18 | 10.54 | 6.37 | 19.50 | 6.80 | 18.03 | 136.29 | 14.08 | 11.08 | 31.52 |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.6% | 76.6% | 77.0% | 80.5% | 88.5% | 86.4% | 81.9% | 85.4% | 87.6% | 83.8% | 100.0% |
| Operating Margin | 32.4% | 32.4% | 33.3% | 39.6% | 37.5% | 40.4% | 45.2% | 26.4% | 16.4% | 14.0% | — |
| Net Profit Margin | 25.7% | 25.7% | 23.8% | 29.2% | 27.1% | 29.7% | 38.5% | 19.5% | 1.3% | 8.9% | -1.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.1% | 7.1% | 5.9% | 9.2% | 11.6% | 12.0% | 10.9% | 5.6% | 0.4% | 3.1% | -0.6% |
| ROA | 1.5% | 1.5% | 1.3% | 1.6% | 1.3% | 1.2% | 1.4% | 1.1% | 0.1% | 0.4% | -0.1% |
| ROIC | 5.5% | 5.5% | 5.1% | 7.3% | 8.2% | 7.7% | 6.7% | 5.2% | 3.6% | 3.2% | — |
| ROCE | 6.8% | 6.8% | 6.4% | 9.1% | 9.9% | 9.3% | 8.4% | 6.5% | 4.1% | 1.4% | — |
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.26 | 0.19 | 0.50 | 0.44 | 0.74 | 0.09 | 0.14 | 0.14 | 0.15 |
| Debt / EBITDA | 1.99 | 1.99 | 2.87 | 1.89 | 3.14 | 2.66 | 5.64 | 1.61 | 2.16 | 2.43 | 12.91 |
| Net Debt / Equity | — | -0.11 | -0.11 | -0.18 | -0.20 | -0.89 | -0.50 | -0.28 | -0.34 | -0.32 | 0.54 |
| Net Debt / EBITDA | -1.18 | -1.18 | -1.18 | -1.85 | -1.26 | -5.37 | -3.85 | -4.88 | -5.38 | -5.57 | 46.90 |
| Debt / FCF | — | -1.10 | -1.33 | -2.43 | -2.13 | -7.32 | -8.03 | -26.65 | -4.01 | -4.70 | 11.63 |
| Interest Coverage | 1.33 | 1.33 | 1.43 | 2.03 | 4.25 | 3.44 | 3.10 | 1.92 | 1.51 | 1.31 | -4.80 |
Net cash position: cash ($56M) exceeds total debt ($35M)
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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.12 | 0.12 | 0.15 | 0.18 | 0.15 | 0.22 | 0.19 | 0.15 | 0.17 | 0.17 | 0.29 |
| Quick Ratio | 0.12 | 0.12 | 0.15 | 0.18 | 0.15 | 0.22 | 0.19 | 0.15 | 0.17 | 0.17 | 0.29 |
| Cash Ratio | 0.08 | 0.08 | 0.11 | 0.12 | 0.10 | 0.16 | 0.14 | 0.11 | 0.08 | 0.07 | -0.16 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.02 | 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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 7.9% | 6.4% | 10.4% | 5.3% | 6.6% | 6.3% | 2.2% | 0.3% | 2.8% | — |
| FCF Yield | 10.5% | 12.1% | 8.4% | 11.4% | 4.6% | 7.1% | 3.8% | 0.6% | 5.5% | 6.3% | 5.0% |
| Buyback Yield | 16.8% | 19.3% | 9.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 16.8% | 19.3% | 9.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $9M | $11M | $9M | $8M | $7M | $7M | $6M | $3M | $3M | $3M |
Regional Real Estate Concentration
As reported in recent market data, BVFL trades at a P/B ratio of 1.02, which appears to reflect the inherent valuation constraints of its Mutual Holding Company structure rather than a reflection of its underlying tangible book value growth or long-term franchise potential.
The current P/B multiple suggests that the market is pricing the bank as a commodity balance sheet rather than a premium franchise, likely due to limited liquidity and the absence of a clear path to a second-step conversion. Investors should monitor whether this valuation gap persists, as it may imply that the market is discounting the potential for future capital appreciation through corporate restructuring.
Based on the provided financial figures, BVFL's ROE has trended toward 0.6% in 2026Q1, a significant decline from the 2.6% peak in 2025Q4, indicating that the bank's profitability is currently strained by rising efficiency costs and a narrowing net interest margin environment.
The DuPont decomposition suggests that the bank's profitability is heavily reliant on its asset utilization, which is currently being pressured by the high efficiency ratio of 62.8%. This trend warrants further investigation into whether the bank can optimize its cost structure or if it must accept lower returns to maintain its community-focused lending model.
According to the latest quarterly data, the efficiency ratio has deteriorated to 62.8% in 2026Q1, which represents a sharp departure from the 40-45% range maintained throughout 2024 and 2025, suggesting that operating leverage is currently under significant pressure from rising non-interest expenses.
The stability of the NIM at approximately 1.0% indicates that while the bank is successfully managing its interest rate spread, the inability to control overhead costs is directly impacting the bottom line. This suggests that management may need to re-evaluate its branch footprint or digital investment strategy to restore historical levels of operating efficiency.
As indicated by the balance sheet data, BVFL maintains an equity-to-assets ratio of 20% as of 2026Q1, which provides a substantial capital buffer that significantly exceeds regulatory minimums and supports the bank's conservative, long-term approach to regional lending.
This high level of capitalization suggests that the bank is well-positioned to absorb potential credit losses within its Baltimore-based real estate portfolio. However, investors should monitor whether this excess capital is being deployed effectively, as the current low ROE may indicate that the bank is over-capitalized relative to its growth opportunities.
Based on the provided financial data, the P/E ratio of 15.27 is a frequently misapplied metric for BVFL, as it fails to account for the significant volatility in earnings caused by subjective credit loss provisioning and the unique accounting treatment of MHC dividend waivers.
Analysts should prioritize P/TBV over P/E, as the latter is distorted by non-recurring items and the bank's conservative provisioning policies. Relying on P/E may obscure the true economic value of the bank's tangible equity and its potential for future capital return, leading to an inaccurate assessment of the bank's valuation relative to its regional peers.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying BVFL stock.
BV Financial, Inc.'s current P/E ratio is 14.5x. The historical average is 25.7x. This places it at the 21th percentile of its historical range.
BV Financial, Inc.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
BV Financial, Inc.'s return on equity (ROE) is 7.1%. The historical average is 3.9%.
Based on historical data, BV Financial, Inc. is trading at a P/E of 14.5x. This is at the 21th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BV Financial, Inc. has 76.6% gross margin and 32.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
BV Financial, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.