Latest Ratios: P/E Ratio 16.9x · EV/EBITDA 13.6x · ROE 7.8%. (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 | $508M | $413M | $293M | $222M | $218M | $204M | $232M | $145M | $91M | $82M | $78M |
| Enterprise Value | $733M | $639M | $407M | $402M | $260M | $257M | $165M | $119M | $81M | $73M | $84M |
| P/E Ratio → | 16.88 | 14.69 | 10.97 | 10.39 | 9.21 | 9.26 | 14.88 | 20.23 | 12.38 | 13.34 | 12.82 |
| P/S Ratio | 2.63 | 2.14 | 2.11 | 1.95 | 2.45 | 2.43 | 2.96 | 3.48 | 2.88 | 2.83 | 2.77 |
| P/B Ratio | 1.02 | 0.89 | 1.13 | 1.13 | 1.29 | 0.92 | 1.02 | 0.76 | 1.13 | 1.07 | 1.09 |
| P/FCF | 36.22 | 29.45 | 6.24 | 5.25 | 5.06 | 5.84 | 35.02 | 17.20 | 15.78 | 12.75 | 8.58 |
| P/OCF | 24.59 | 20.00 | 6.02 | 4.77 | 4.92 | 5.41 | 27.37 | 15.77 | 9.11 | 10.14 | 7.15 |
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 | — | 3.31 | 2.93 | 3.53 | 2.91 | 3.07 | 2.10 | 2.85 | 2.58 | 2.51 | 2.96 |
| EV / EBITDA | 13.57 | 11.81 | 8.96 | 10.58 | 6.33 | 6.61 | 6.20 | 10.24 | 7.67 | 6.60 | 7.70 |
| EV / EBIT | 21.45 | 18.68 | 12.30 | 15.72 | 9.39 | 9.71 | 8.73 | 14.02 | 9.55 | 8.49 | 10.13 |
| EV / FCF | — | 45.52 | 8.67 | 9.51 | 6.01 | 7.36 | 24.89 | 14.07 | 14.10 | 11.28 | 9.18 |
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 | 58.2% | 58.2% | 66.0% | 70.8% | 91.0% | 94.8% | 89.0% | 88.7% | 92.1% | 93.2% | 96.6% |
| Operating Margin | 17.7% | 17.7% | 23.8% | 22.4% | 31.0% | 31.6% | 24.1% | 20.3% | 27.0% | 29.6% | 29.3% |
| Net Profit Margin | 14.6% | 14.6% | 19.2% | 18.7% | 26.5% | 26.3% | 19.9% | 17.2% | 23.3% | 21.3% | 21.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.8% | 7.8% | 11.7% | 11.7% | 12.1% | 9.8% | 7.4% | 5.3% | 9.3% | 8.3% | 8.6% |
| ROA | 0.8% | 0.8% | 1.0% | 0.9% | 1.0% | 1.0% | 0.9% | 0.7% | 1.1% | 1.0% | 1.0% |
| ROIC | 4.1% | 4.1% | 5.5% | 5.6% | 7.4% | 7.3% | 6.1% | 4.0% | 6.5% | 6.6% | 6.8% |
| ROCE | 7.4% | 7.4% | 8.4% | 7.8% | 11.5% | 10.4% | 8.5% | 5.9% | 9.0% | 9.2% | 9.7% |
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 | 0.67 | 0.67 | 0.81 | 1.20 | 0.50 | 0.38 | 0.05 | 0.17 | 0.12 | 0.36 | 0.28 |
| Debt / EBITDA | 5.80 | 5.80 | 4.64 | 6.20 | 2.08 | 2.18 | 0.47 | 2.86 | 0.95 | 2.49 | 1.86 |
| Net Debt / Equity | — | 0.48 | 0.44 | 0.92 | 0.24 | 0.24 | -0.30 | -0.14 | -0.12 | -0.12 | 0.08 |
| Net Debt / EBITDA | 4.17 | 4.17 | 2.51 | 4.74 | 1.01 | 1.37 | -2.52 | -2.27 | -0.91 | -0.86 | 0.50 |
| Debt / FCF | — | 16.08 | 2.43 | 4.26 | 0.96 | 1.52 | -10.13 | -3.12 | -1.68 | -1.46 | 0.59 |
| Interest Coverage | 0.52 | 0.52 | 0.71 | 0.77 | 3.57 | 6.66 | 4.07 | 1.80 | 3.45 | 5.79 | 8.52 |
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 | 0.06 | 0.06 | 0.24 | 0.27 | 0.26 | 0.54 | 0.39 | 0.34 | 0.32 | 0.35 | 0.36 |
| Quick Ratio | 0.06 | 0.06 | 0.24 | 0.27 | 0.26 | 0.54 | 0.39 | 0.34 | 0.32 | 0.35 | 0.36 |
| Cash Ratio | 0.02 | 0.02 | 0.04 | 0.03 | 0.02 | 0.02 | 0.05 | 0.05 | 0.03 | 0.07 | 0.03 |
| Asset Turnover | — | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.05 | 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 | 3.6% | 4.1% | 3.1% | 3.6% | 3.5% | 3.5% | 2.7% | 4.0% | 2.8% | 2.8% | 2.9% |
| Payout Ratio | 60.2% | 60.2% | 33.7% | 37.2% | 32.1% | 32.7% | 39.5% | 81.1% | 35.2% | 37.7% | 36.6% |
| 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% | 6.8% | 9.1% | 9.6% | 10.9% | 10.8% | 6.7% | 4.9% | 8.1% | 7.5% | 7.8% |
| FCF Yield | 2.8% | 3.4% | 16.0% | 19.0% | 19.8% | 17.1% | 2.9% | 5.8% | 6.3% | 7.8% | 11.7% |
| Buyback Yield | 0.5% | 0.6% | 0.0% | 0.0% | 0.3% | 3.8% | 0.0% | 0.3% | 0.6% | 0.2% | 1.0% |
| Total Shareholder Yield | 4.1% | 4.8% | 3.1% | 3.6% | 3.8% | 7.3% | 2.7% | 4.3% | 3.4% | 3.1% | 3.9% |
| Shares Outstanding | — | $14M | $8M | $8M | $8M | $8M | $8M | $5M | $4M | $4M | $4M |
Margin compression from funding
Based on the reported P/B ratio of 0.99, the market appears to be pricing ChoiceOne at a discount to its tangible book value, suggesting that investors remain cautious regarding the long-term earnings power of the bank's recently expanded asset base following its aggressive acquisition strategy.
The current P/B multiple of 0.99 indicates that the market is not yet assigning a premium to the franchise, likely due to the integration risks inherent in the bank's rapid growth. This valuation suggests that the market expects a period of consolidation before the bank can demonstrate sustained ROTCE improvement, warranting further investigation into whether the current discount is a temporary cyclical reaction or a structural concern.
As reported in financial statements, the bank's ROE of 2.9% in 2026Q1 highlights a moderate profitability profile, where the reliance on leverage to offset compressed net interest margins remains a primary driver of the bank's overall return on equity performance in the current environment.
The decomposition of ROE suggests that profitability is currently constrained by thin NIMs, which have hovered around 0.8% in recent quarters. Investors should monitor whether the bank can improve its asset utilization or increase non-interest income contributions to drive higher returns, as the current reliance on leverage may limit future capital flexibility.
According to recent SEC filings, the efficiency ratio improved to 43.6% in 2026Q1, demonstrating that management has successfully rationalized the cost structure following the significant operational disruptions associated with their recent expansionary phase, despite the ongoing pressure on net interest margins from rising deposit costs.
The improvement in the efficiency ratio from the 79.5% peak in 2025Q1 suggests that the bank is successfully scaling its operations, which is critical for maintaining profitability in a high-rate environment. However, the persistent NIM compression warrants further investigation into whether the bank's funding costs will continue to rise, potentially offsetting these hard-won operational efficiencies.
Based on the provided quarterly data, the equity-to-assets ratio remained stable at approximately 0.11 as of 2026Q1, indicating that management has maintained a consistent capital buffer despite the significant balance sheet expansion and the integration of acquired entities over the past ten quarters.
This capital position appears adequate to support the bank's current growth trajectory, though it leaves limited room for error if credit quality were to deteriorate unexpectedly. The stability of this ratio suggests a disciplined approach to capital management, which is essential for maintaining regulatory compliance while pursuing further inorganic growth opportunities.
The P/E ratio is frequently misapplied to ChoiceOne, as it fails to account for the significant non-cash adjustments and provision volatility that have historically distorted earnings, making it a poor indicator of the bank's underlying core operational health and long-term value creation potential.
Investors should prioritize P/TBV over P/E, as the latter is heavily influenced by the timing of credit loss provisions and acquisition-related accounting charges. Relying on P/E may lead to a misunderstanding of the bank's true earnings power, as it obscures the impact of the bank's cyclical credit costs and the non-recurring nature of recent integration expenses.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying COFS stock.
ChoiceOne Financial Services, Inc.'s current P/E ratio is 16.9x. The historical average is 13.8x. This places it at the 84th percentile of its historical range.
ChoiceOne Financial Services, Inc.'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 12.1x.
ChoiceOne Financial Services, Inc.'s return on equity (ROE) is 7.8%. The historical average is 8.6%.
Based on historical data, ChoiceOne Financial Services, Inc. is trading at a P/E of 16.9x. This is at the 84th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ChoiceOne Financial Services, Inc.'s current dividend yield is 3.57% with a payout ratio of 60.2%.
ChoiceOne Financial Services, Inc. has 58.2% gross margin and 17.7% operating margin. Operating margin between 10-20% is typical for established companies.
ChoiceOne Financial Services, Inc.'s Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.