Latest Ratios: P/E Ratio 40.5x · EV/EBITDA 27.0x · ROE 3.2%. (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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $189M | $185M | $152M | $122M | $110M | $130M | $108M | $164M | $125M | $123M | $106M |
| Enterprise Value | $192M | $188M | $137M | $88M | $29M | $67M | $-3676137 | $129M | $153M | $167M | $173M |
| P/E Ratio → | 40.52 | 37.89 | 12.01 | 5.41 | 9.83 | 11.20 | — | 11.46 | 17.70 | 17.75 | 13.90 |
| P/S Ratio | 2.75 | 2.70 | 1.91 | 2.03 | 2.02 | 2.59 | 1.99 | 2.85 | 2.46 | 3.14 | 2.75 |
| P/B Ratio | 1.26 | 1.17 | 1.03 | 0.87 | 1.00 | 0.98 | 0.80 | 1.09 | 0.91 | 1.32 | 1.18 |
| P/FCF | 11.02 | 10.78 | 44.12 | 11.15 | 8.09 | 12.17 | 7.86 | 9.70 | 14.96 | 15.89 | 13.15 |
| P/OCF | 10.62 | 10.39 | 22.45 | 8.57 | 7.80 | 9.94 | 7.68 | 9.19 | 9.13 | 10.63 | 9.99 |
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 | — | 2.74 | 1.73 | 1.47 | 0.54 | 1.34 | -0.07 | 2.23 | 3.02 | 4.25 | 4.51 |
| EV / EBITDA | 27.03 | 26.45 | 7.69 | 2.68 | 1.75 | 3.91 | — | 6.50 | 13.17 | 13.54 | 12.58 |
| EV / EBIT | 36.26 | 35.48 | 8.91 | 2.92 | 2.08 | 4.56 | — | 8.01 | 17.84 | 16.99 | 16.22 |
| EV / FCF | — | 10.96 | 39.80 | 8.08 | 2.15 | 6.28 | -0.27 | 7.60 | 18.40 | 21.50 | 21.59 |
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 | 62.5% | 62.5% | 61.3% | 71.4% | 84.4% | 95.4% | 82.4% | 85.1% | 83.3% | 86.7% | 87.2% |
| Operating Margin | 7.7% | 7.7% | 19.4% | 50.4% | 25.7% | 29.4% | -17.2% | 27.8% | 16.9% | 25.0% | 27.8% |
| Net Profit Margin | 7.1% | 7.1% | 15.9% | 37.6% | 20.5% | 23.1% | -19.5% | 24.8% | 13.9% | 17.7% | 19.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.2% | 3.2% | 8.8% | 18.0% | 9.2% | 8.6% | -7.5% | 9.9% | 6.1% | 7.6% | 8.6% |
| ROA | 0.3% | 0.3% | 0.9% | 1.6% | 0.8% | 0.8% | -0.8% | 1.1% | 0.6% | 0.8% | 0.9% |
| ROIC | 2.1% | 2.1% | 6.5% | 14.8% | 6.5% | 5.9% | -3.7% | 5.8% | 3.4% | 4.5% | 4.9% |
| ROCE | 2.9% | 2.9% | 8.4% | 19.3% | 10.3% | 10.2% | -6.3% | 11.3% | 7.1% | 9.4% | 10.9% |
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 | 0.22 | 0.22 | 0.24 | 0.25 | 0.21 | 0.43 | 0.36 | 0.29 | 0.60 | 0.69 | 0.92 |
| Debt / EBITDA | 4.89 | 4.89 | 1.95 | 1.05 | 1.35 | 3.32 | — | 2.25 | 7.04 | 5.20 | 5.95 |
| Net Debt / Equity | — | 0.02 | -0.10 | -0.24 | -0.74 | -0.47 | -0.83 | -0.24 | 0.21 | 0.47 | 0.76 |
| Net Debt / EBITDA | 0.43 | 0.43 | -0.84 | -1.02 | -4.83 | -3.67 | — | -1.80 | 2.46 | 3.53 | 4.92 |
| Debt / FCF | — | 0.18 | -4.32 | -3.07 | -5.94 | -5.89 | -8.13 | -2.11 | 3.43 | 5.60 | 8.44 |
| Interest Coverage | 0.21 | 0.21 | 0.51 | 1.71 | 2.94 | 4.32 | -1.69 | 2.04 | 1.44 | 2.91 | 3.73 |
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 | 0.02 | 0.02 | 0.24 | 0.22 | 0.24 | 0.28 | 0.25 | 0.25 | 0.25 | 0.19 | 0.17 |
| Quick Ratio | 0.02 | 0.02 | 0.24 | 0.22 | 0.24 | 0.28 | 0.25 | 0.25 | 0.25 | 0.19 | 0.17 |
| Cash Ratio | 0.02 | 0.02 | 0.04 | 0.05 | 0.08 | 0.09 | 0.13 | 0.07 | 0.05 | 0.03 | 0.02 |
| Asset Turnover | — | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 |
| 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 | 2.6% | 2.8% | 3.4% | 4.2% | 4.5% | 4.0% | 4.8% | 3.2% | 3.6% | 2.9% | 3.4% |
| Payout Ratio | 104.7% | 104.7% | 40.7% | 22.7% | 43.7% | 44.7% | — | 36.4% | 64.2% | 51.8% | 47.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.5% | 2.6% | 8.3% | 18.5% | 10.2% | 8.9% | — | 8.7% | 5.6% | 5.6% | 7.2% |
| FCF Yield | 9.1% | 9.3% | 2.3% | 9.0% | 12.4% | 8.2% | 12.7% | 10.3% | 6.7% | 6.3% | 7.6% |
| Buyback Yield | 3.6% | 3.7% | 0.6% | 0.7% | 4.4% | 3.2% | 1.8% | 0.0% | 0.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.2% | 6.5% | 4.0% | 4.9% | 8.8% | 7.2% | 6.6% | 3.2% | 3.9% | 2.9% | 3.4% |
| Shares Outstanding | — | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | $4M |
Geographic and sector concentration
Based on recent market data, CBFV trades at a P/B of 1.28, which appears elevated relative to its historical ROE performance that has struggled to consistently exceed 3% over the last ten quarters, suggesting the market may be mispricing the bank's long-term earnings potential.
The current P/B multiple implies an expectation of future ROTCE expansion that is not currently supported by the bank's stagnant asset growth or thin operating margins. Investors should monitor whether this premium reflects an anticipated recovery in the Marcellus Shale energy corridor or if it represents a misallocation of capital by market participants ignoring the bank's recent revenue contraction.
As reported in financial statements, the bank's ROE has remained depressed, frequently hovering near 2% to 3%, which indicates that the combination of a narrow NIM and high operating expenses is severely constraining the bank's ability to generate meaningful returns on shareholder equity.
The DuPont analysis suggests that profitability is hampered by an inability to leverage the balance sheet effectively while maintaining a high fixed-cost structure. The volatility in non-interest income, driven by the insurance subsidiary's contingent commissions, further obscures the core banking profitability, making it difficult to ascertain the true underlying earnings power of the franchise.
According to quarterly filings, the NIM has remained stubbornly range-bound between 0.7% and 0.9%, indicating that the bank has failed to capture significant spread expansion despite the broader interest rate environment, which continues to pressure the bank's net interest income growth.
The efficiency ratio's extreme volatility, peaking at 106% in 2025Q3, underscores the difficulty of managing a branch-heavy cost structure when revenue is under pressure. This lack of operating leverage suggests that the bank may be forced to choose between aggressive cost-cutting, which could damage its local market presence, or accepting lower profitability until the regional economic cycle turns.
Based on the provided data, the equity-to-assets ratio has remained remarkably stable at approximately 0.10, which suggests that management is prioritizing a conservative capital buffer to mitigate the inherent risks associated with the bank's concentrated exposure to the Appalachian energy sector.
While this capital adequacy level appears sufficient to meet regulatory requirements, it also reflects a lack of aggressive balance sheet deployment. The bank's reliance on a large securities portfolio rather than loan growth suggests that management is currently more focused on capital preservation than on driving higher-yielding asset expansion.
As evidenced by the historical data, the P/E ratio is a highly misleading metric for CBFV because it fails to account for the significant impact of non-recurring provision reversals and volatile insurance commissions on the bank's reported net income.
Investors should instead focus on P/TBV and core pre-provision net revenue (PPNR) to better understand the bank's operational health. Relying on P/E ratios in this context obscures the underlying earnings quality and may lead to an overestimation of the bank's ability to sustain dividends during periods of regional economic stress.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying CBFV stock.
CB Financial Services, Inc.'s current P/E ratio is 40.5x. The historical average is 15.0x. This places it at the 100th percentile of its historical range.
CB Financial Services, Inc.'s current EV/EBITDA is 27.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
CB Financial Services, Inc.'s return on equity (ROE) is 3.2%. The historical average is 7.9%.
Based on historical data, CB Financial Services, Inc. is trading at a P/E of 40.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CB Financial Services, Inc.'s current dividend yield is 2.60% with a payout ratio of 104.7%.
CB Financial Services, Inc. has 62.5% gross margin and 7.7% operating margin.
CB Financial Services, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.