Latest Ratios: P/E Ratio 16.8x · EV/EBITDA 13.0x · ROE 11.2%. (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 | $3.5B | $3.0B | $3.3B | $2.8B | $3.4B | $4.1B | $3.3B | $3.7B | $3.0B | $2.7B | $2.8B |
| Enterprise Value | $4.0B | $3.5B | $4.1B | $3.4B | $4.3B | $2.5B | $2.0B | $3.8B | $3.2B | $2.9B | $2.8B |
| P/E Ratio → | 16.84 | 14.47 | 17.93 | 21.27 | 18.19 | 21.40 | 20.23 | 21.96 | 17.88 | 17.74 | 26.63 |
| P/S Ratio | 3.48 | 3.00 | 3.47 | 3.70 | 4.86 | 6.39 | 5.38 | 6.01 | 5.14 | 5.03 | 6.27 |
| P/B Ratio | 1.76 | 1.51 | 1.85 | 1.65 | 2.20 | 1.93 | 1.58 | 2.00 | 1.76 | 1.63 | 2.31 |
| P/FCF | 15.06 | 13.00 | 14.72 | 13.34 | 16.92 | 21.42 | 20.17 | 18.83 | 14.45 | 14.95 | 22.42 |
| P/OCF | 11.64 | 10.05 | 13.46 | 12.26 | 15.90 | 20.00 | 18.51 | 18.30 | 13.63 | 14.10 | 20.36 |
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 | — | 3.44 | 4.33 | 4.46 | 6.18 | 3.96 | 3.32 | 6.24 | 5.48 | 5.52 | 6.44 |
| EV / EBITDA | 12.95 | 11.38 | 15.33 | 17.16 | 16.03 | 9.23 | 8.65 | 15.92 | 13.01 | 15.19 | 16.23 |
| EV / EBIT | 14.37 | 12.63 | 17.19 | 20.05 | 18.06 | 10.39 | 9.94 | 18.37 | 15.11 | 18.37 | 18.37 |
| EV / FCF | — | 14.91 | 18.36 | 16.08 | 21.52 | 13.25 | 12.43 | 19.54 | 15.42 | 16.43 | 23.02 |
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 | 78.8% | 78.8% | 76.9% | 84.7% | 94.6% | 99.3% | 94.3% | 94.3% | 95.1% | 95.3% | 95.6% |
| Operating Margin | 27.2% | 27.2% | 25.2% | 22.3% | 34.2% | 38.1% | 33.4% | 34.0% | 36.3% | 30.1% | 35.1% |
| Net Profit Margin | 20.8% | 20.8% | 19.4% | 17.5% | 26.8% | 29.9% | 26.7% | 27.4% | 28.7% | 28.3% | 23.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.2% | 11.2% | 10.5% | 8.1% | 10.3% | 9.0% | 8.3% | 9.5% | 10.1% | 10.6% | 8.9% |
| ROA | 1.2% | 1.2% | 1.1% | 0.8% | 1.2% | 1.3% | 1.3% | 1.5% | 1.6% | 1.6% | 1.2% |
| ROIC | 7.5% | 7.5% | 6.8% | 4.9% | 7.0% | 7.4% | 6.6% | 7.3% | 7.5% | 6.7% | 7.8% |
| ROCE | 2.8% | 2.8% | 9.8% | 8.8% | 13.1% | 11.2% | 10.0% | 11.1% | 11.9% | 10.4% | 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 | 0.37 | 0.37 | 0.57 | 0.45 | 0.73 | 0.16 | 0.18 | 0.19 | 0.24 | 0.30 | 0.21 |
| Debt / EBITDA | 2.44 | 2.44 | 3.76 | 3.89 | 4.20 | 1.22 | 1.57 | 1.43 | 1.67 | 2.51 | 1.42 |
| Net Debt / Equity | — | 0.22 | 0.46 | 0.34 | 0.60 | -0.74 | -0.61 | 0.08 | 0.12 | 0.16 | 0.06 |
| Net Debt / EBITDA | 1.46 | 1.46 | 3.04 | 2.92 | 3.43 | -5.69 | -5.38 | 0.58 | 0.82 | 1.37 | 0.43 |
| Debt / FCF | — | 1.91 | 3.64 | 2.74 | 4.60 | -8.17 | -7.74 | 0.71 | 0.97 | 1.48 | 0.60 |
| Interest Coverage | 1.43 | 1.43 | 1.22 | 1.62 | 10.40 | 18.55 | 9.87 | 7.88 | 12.05 | 11.61 | 13.69 |
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 | 1.49 | 1.49 | 0.04 | 0.24 | 0.31 | 0.51 | 0.45 | 0.35 | 0.36 | 0.37 | 0.40 |
| Quick Ratio | 1.49 | 1.49 | 0.04 | 0.24 | 0.31 | 0.51 | 0.45 | 0.35 | 0.36 | 0.37 | 0.40 |
| Cash Ratio | 1.25 | 1.25 | 0.01 | 0.01 | 0.01 | 0.14 | 0.14 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 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 | 2.8% | 3.2% | 2.9% | 3.4% | 2.7% | 2.2% | 2.6% | 2.2% | 2.4% | 2.3% | 2.0% |
| Payout Ratio | 46.4% | 46.4% | 52.5% | 72.1% | 49.7% | 48.0% | 52.9% | 47.5% | 42.4% | 41.3% | 53.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 6.9% | 5.6% | 4.7% | 5.5% | 4.7% | 4.9% | 4.6% | 5.6% | 5.6% | 3.8% |
| FCF Yield | 6.6% | 7.7% | 6.8% | 7.5% | 5.9% | 4.7% | 5.0% | 5.3% | 6.9% | 6.7% | 4.5% |
| Buyback Yield | 0.3% | 0.4% | 1.4% | 1.1% | 0.5% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% |
| Total Shareholder Yield | 3.1% | 3.6% | 4.3% | 4.5% | 3.2% | 2.4% | 2.6% | 2.2% | 2.4% | 2.5% | 2.1% |
| Shares Outstanding | — | $53M | $53M | $54M | $54M | $54M | $53M | $52M | $52M | $50M | $45M |
Indirect lending credit volatility
Based on current market data, CBU trades at a P/B ratio of 1.78, which significantly exceeds the peer group average, suggesting that investors assign a premium to the bank's non-interest income streams rather than its core lending operations within the Upstate New York market.
The elevated P/B multiple implies that the market views CBU as a defensive franchise with durable fee-based earnings rather than a commodity lender. This valuation premium warrants further investigation into whether the bank's BPAS segment can continue to offset potential margin compression in the banking unit.
As reported in recent financial statements, the bank's ROE has remained remarkably stable at 2.8% throughout the last several quarters, indicating that the high-margin, capital-light fee income from the Employee Benefit Services segment effectively buffers the bank against interest rate volatility and margin pressure.
The DuPont decomposition suggests that CBU's profitability is less sensitive to interest rate cycles than pure-play regional peers. However, the low ROE level relative to historical norms may indicate that the bank's reliance on fee income is currently being offset by the costs of maintaining a large branch network.
According to quarterly filings, the efficiency ratio has improved to 51.5% in 2026Q1 from a high of 60.3% in 2023Q4, demonstrating that management is successfully controlling operating expenses despite the persistent stagnation of the net interest margin at 0.8% over the same period.
The ability to maintain a sub-52% efficiency ratio appears to be a critical lever for preserving earnings power in a low-NIM environment. Investors should monitor whether this cost discipline is sustainable as the bank continues to invest in the technology platform required for its national benefit administration business.
Market participants frequently misapply the P/E ratio to CBU, which obscures the underlying volatility of the bank's provision expenses and the cyclical nature of its indirect lending portfolio, leading to an inaccurate assessment of the bank's true core earnings power and long-term franchise value.
Because P/E ratios are highly sensitive to quarterly fluctuations in loan loss provisions, they fail to capture the stability provided by the bank's non-interest income segments. Analysts should prioritize P/TBV and adjusted ROE metrics to better evaluate the bank's capital-light business model and its true economic profitability.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CBU stock.
Community Bank System, Inc.'s current P/E ratio is 16.8x. The historical average is 16.5x. This places it at the 53th percentile of its historical range.
Community Bank System, Inc.'s current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
Community Bank System, Inc.'s return on equity (ROE) is 11.2%. The historical average is 10.5%.
Based on historical data, Community Bank System, Inc. is trading at a P/E of 16.8x. This is at the 53th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Community Bank System, Inc.'s current dividend yield is 2.76% with a payout ratio of 46.4%.
Community Bank System, Inc. has 78.8% gross margin and 27.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Community Bank System, Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.