Latest Ratios: P/E Ratio 10.4x · EV/EBITDA 8.1x · ROE 15.1%. (2004–2025 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 | $578M | $465M | $417M | $341M | $338M | $369M | $192M | $208M | $142M | — | — |
| Enterprise Value | $599M | $486M | $246M | $336M | $407M | $223M | $84M | $143M | $132M | — | — |
| P/E Ratio → | 10.44 | 8.29 | 13.44 | 9.49 | 8.09 | 9.23 | 7.45 | 12.31 | 11.19 | — | — |
| P/S Ratio | 1.90 | 1.53 | 1.72 | 1.65 | 1.88 | 2.12 | 1.30 | 1.93 | 1.66 | — | — |
| P/B Ratio | 1.46 | 1.16 | 1.17 | 1.34 | 1.51 | 1.86 | 1.21 | 1.56 | 1.24 | — | — |
| P/FCF | 8.58 | 6.90 | 12.73 | 7.53 | 6.78 | 2.79 | 37.04 | — | 5.35 | — | — |
| P/OCF | 8.29 | 6.66 | 11.95 | 7.19 | 6.58 | 2.79 | 35.23 | — | 5.02 | — | — |
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 | — | 1.60 | 1.02 | 1.63 | 2.26 | 1.28 | 0.57 | 1.32 | 1.55 | — | — |
| EV / EBITDA | 8.14 | 6.60 | 5.59 | 7.20 | 7.32 | 4.05 | 2.26 | 5.69 | 7.03 | — | — |
| EV / EBIT | 8.48 | 6.88 | 5.88 | 7.27 | 7.51 | 4.14 | 2.38 | 6.28 | 7.45 | — | — |
| EV / FCF | — | 7.21 | 7.51 | 7.43 | 8.17 | 1.69 | 16.13 | — | 4.98 | — | — |
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 | 73.6% | 73.6% | 68.4% | 75.2% | 90.7% | 94.3% | 83.4% | 82.7% | 84.4% | 85.5% | 84.5% |
| Operating Margin | 23.3% | 23.3% | 17.3% | 22.4% | 30.1% | 31.0% | 23.8% | 21.1% | 20.8% | 19.6% | 22.3% |
| Net Profit Margin | 18.8% | 18.8% | 12.8% | 17.4% | 23.2% | 23.0% | 17.5% | 15.7% | 14.9% | 9.9% | 13.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.1% | 15.1% | 10.2% | 15.0% | 19.8% | 22.4% | 17.6% | 13.6% | 13.1% | 9.4% | 14.5% |
| ROA | 1.7% | 1.7% | 1.1% | 1.6% | 2.0% | 2.0% | 1.6% | 1.3% | 1.2% | 0.7% | 1.1% |
| ROIC | 12.6% | 12.6% | 9.1% | 10.6% | 13.9% | 18.9% | 14.0% | 10.7% | 10.7% | 9.9% | 11.1% |
| ROCE | 7.9% | 7.9% | 11.0% | 13.6% | 18.0% | 23.4% | 17.0% | 13.2% | 14.2% | 13.5% | 16.0% |
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 | 0.13 | 0.13 | 0.10 | 0.19 | 0.58 | 0.17 | 0.23 | 0.36 | 0.20 | 0.38 | 0.47 |
| Debt / EBITDA | 0.71 | 0.71 | 0.77 | 1.05 | 2.32 | 0.62 | 0.97 | 1.90 | 1.20 | 2.03 | 2.00 |
| Net Debt / Equity | — | 0.05 | -0.48 | -0.02 | 0.31 | -0.74 | -0.68 | -0.49 | -0.09 | -0.22 | -0.01 |
| Net Debt / EBITDA | 0.29 | 0.29 | -3.89 | -0.10 | 1.25 | -2.64 | -2.93 | -2.61 | -0.52 | -1.19 | -0.06 |
| Debt / FCF | — | 0.31 | -5.22 | -0.10 | 1.39 | -1.10 | -20.91 | — | -0.37 | -0.54 | -0.14 |
| Interest Coverage | 1.09 | 1.09 | 0.71 | 1.11 | 5.40 | 8.23 | 2.67 | 1.43 | 1.58 | 1.82 | 2.40 |
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 | 0.13 | 0.13 | 0.12 | 0.08 | 0.18 | 0.21 | 0.15 | 0.15 | 0.09 | 0.12 | 0.11 |
| Quick Ratio | 0.13 | 0.13 | 0.12 | 0.08 | 0.18 | 0.21 | 0.15 | 0.15 | 0.09 | 0.12 | 0.11 |
| Cash Ratio | 0.01 | 0.01 | 0.07 | 0.03 | 0.03 | 0.10 | 0.09 | 0.09 | 0.03 | 0.05 | 0.04 |
| Asset Turnover | — | 0.08 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.08 |
| 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 | 1.2% | 1.6% | 1.3% | 1.2% | 0.9% | 0.4% | — | — | — | — | — |
| Payout Ratio | 12.8% | 12.8% | 17.0% | 10.9% | 7.4% | 3.5% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.6% | 12.1% | 7.4% | 10.5% | 12.4% | 10.8% | 13.4% | 8.1% | 8.9% | — | — |
| FCF Yield | 11.7% | 14.5% | 7.9% | 13.3% | 14.7% | 35.8% | 2.7% | — | 18.7% | — | — |
| Buyback Yield | 2.0% | 2.5% | 0.3% | 2.6% | 0.0% | 0.0% | 1.9% | 0.2% | 0.0% | — | — |
| Total Shareholder Yield | 3.3% | 4.1% | 1.6% | 3.7% | 0.9% | 0.4% | 1.9% | 0.2% | 0.0% | — | — |
| Shares Outstanding | — | $16M | $15M | $14M | $14M | $14M | $14M | $14M | $12M | $13M | $13M |
Regulatory Fee Cap Exposure
Based on a P/B ratio of 1.44x, the market appears to struggle with valuing CBNK's hybrid model, as reported in recent financial data, potentially discounting the high-margin OpenSky platform by conflating it with the more cyclical and interest-rate-sensitive regional commercial banking operations.
The current valuation suggests investors are applying a traditional regional bank multiple to a firm that derives significant value from non-interest fee income. This may indicate an opportunity if the market eventually re-rates the stock as a specialty finance entity rather than a commodity depository.
According to quarterly filings, the bank's ROE has remained constrained in the 2.4% to 3.9% range, reflecting the impact of CECL provisioning on earnings as the firm scales its high-margin, fee-heavy OpenSky credit card segment alongside traditional commercial lending activities.
The DuPont decomposition reveals that while fee income provides a structural buffer, the efficiency ratio volatility suggests that the cost of maintaining a national digital platform is significant. Investors should monitor whether the recent acquisition of Integrated Financial Holdings can improve operating leverage or if it further complicates the profitability profile.
As reported in recent financial statements, the efficiency ratio spiked to 69.0% in 2026Q1 from 47.5% in 2025Q4, highlighting the operational challenges of managing a hybrid model that combines traditional commercial banking with a high-volume, technology-dependent national credit card platform.
The compression of NIM to 1.3% suggests that rising funding costs are beginning to outpace the yield improvements from the bank's specialized credit products. This trend warrants further investigation into whether the bank can maintain its competitive pricing power in a higher-for-longer interest rate environment.
Based on the company's reported figures, the equity-to-assets ratio has remained remarkably stable at approximately 0.11 over the last ten quarters, indicating that the bank is maintaining a consistent capital buffer despite the significant expansion of its total asset base during the same period.
This stability suggests that management is successfully balancing growth with regulatory requirements, though the reliance on retained earnings to support this ratio may limit future capital return potential. The bank appears well-positioned to absorb moderate credit shocks, provided the OpenSky portfolio performance remains within expected parameters.
Investors frequently misapply the P/E ratio to CBNK, as reported in market commentary, which obscures the significant non-cash earnings volatility introduced by CECL accounting provisions and the cyclical nature of mortgage gain-on-sale income that does not represent recurring core profitability.
A more appropriate metric for this bank would be a fee-adjusted ROTCE, which would better capture the underlying profitability of the OpenSky platform. Relying on headline P/E ratios may lead to an inaccurate assessment of the bank's true earnings power and its ability to generate sustainable shareholder value.
Includes 30+ ratios · 14 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CBNK stock.
Capital Bancorp, Inc.'s current P/E ratio is 10.4x. The historical average is 9.9x. This places it at the 63th percentile of its historical range.
Capital Bancorp, Inc.'s current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.7x.
Capital Bancorp, Inc.'s return on equity (ROE) is 15.1%. The historical average is 14.6%.
Based on historical data, Capital Bancorp, Inc. is trading at a P/E of 10.4x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Capital Bancorp, Inc.'s current dividend yield is 1.25% with a payout ratio of 12.8%.
Capital Bancorp, Inc. has 73.6% gross margin and 23.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Capital Bancorp, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.