Latest Ratios: P/E Ratio 14.0x · EV/EBITDA 12.4x · ROE 8.5%. (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 | $7.6B | $8.3B | $5.7B | $5.2B | $6.6B | $7.2B | $7.9B | $9.0B | $8.0B | $9.6B | $9.9B |
| Enterprise Value | $11.1B | $11.8B | $7.7B | $7.8B | $7.0B | $5.4B | $6.9B | $9.3B | $8.8B | $10.4B | $10.0B |
| P/E Ratio → | 13.97 | 12.15 | 10.59 | 14.99 | 19.44 | 17.13 | — | 25.43 | 25.38 | 38.79 | 42.55 |
| P/S Ratio | 2.38 | 2.58 | 1.91 | 1.90 | 4.86 | 5.45 | 5.55 | 6.10 | 5.95 | 7.84 | 8.18 |
| P/B Ratio | 1.22 | 1.06 | 1.10 | 1.05 | 2.64 | 2.61 | 2.92 | 2.08 | 1.97 | 2.42 | 2.52 |
| P/FCF | 10.83 | 11.75 | 9.07 | 7.80 | 6.31 | 11.10 | 96.66 | — | 16.14 | 18.76 | 25.65 |
| P/OCF | 10.25 | 11.12 | 8.58 | 7.80 | 6.15 | 10.84 | 84.31 | — | 15.85 | 18.61 | 23.77 |
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 | — | 3.67 | 2.59 | 2.85 | 5.18 | 4.09 | 4.87 | 6.33 | 6.55 | 8.53 | 8.28 |
| EV / EBITDA | 12.45 | 13.17 | 8.85 | 12.71 | 14.56 | 9.15 | — | 18.19 | 18.58 | 25.63 | 23.77 |
| EV / EBIT | 14.83 | 15.69 | 10.69 | 16.61 | 15.48 | 9.67 | — | 19.87 | 20.88 | 29.89 | 27.67 |
| EV / FCF | — | 16.70 | 12.33 | 11.68 | 6.72 | 8.34 | 84.81 | — | 17.79 | 20.41 | 25.96 |
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 | 67.7% | 67.7% | 61.5% | 65.0% | 88.0% | 100.0% | 76.5% | 80.8% | 86.3% | 89.7% | 91.1% |
| Operating Margin | 23.4% | 23.4% | 24.2% | 17.2% | 33.4% | 42.3% | -102.2% | 31.9% | 31.4% | 28.5% | 29.9% |
| Net Profit Margin | 17.1% | 17.1% | 18.0% | 12.7% | 25.0% | 31.9% | -106.9% | 24.1% | 23.5% | 19.8% | 19.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.5% | 8.5% | 10.6% | 9.3% | 12.9% | 15.4% | -43.4% | 8.5% | 7.9% | 6.1% | 5.9% |
| ROA | 0.9% | 0.9% | 1.0% | 0.8% | 1.1% | 1.4% | -5.2% | 1.3% | 1.2% | 1.0% | 1.0% |
| ROIC | 5.4% | 5.4% | 5.7% | 5.1% | 8.5% | 10.4% | -21.2% | 6.1% | 5.8% | 4.8% | 5.0% |
| ROCE | 2.0% | 2.0% | 7.2% | 6.4% | 11.2% | 14.3% | -28.3% | 8.1% | 7.7% | 6.4% | 6.7% |
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 | 0.51 | 0.51 | 0.76 | 0.95 | 0.69 | 0.35 | 0.59 | 0.39 | 0.35 | 0.37 | 0.40 |
| Debt / EBITDA | 4.48 | 4.48 | 4.49 | 7.73 | 3.59 | 1.65 | — | 3.32 | 3.03 | 3.62 | 3.73 |
| Net Debt / Equity | — | 0.45 | 0.40 | 0.52 | 0.17 | -0.65 | -0.36 | 0.08 | 0.20 | 0.21 | 0.03 |
| Net Debt / EBITDA | 3.91 | 3.91 | 2.34 | 4.22 | 0.88 | -3.03 | — | 0.66 | 1.72 | 2.06 | 0.28 |
| Debt / FCF | — | 4.95 | 3.26 | 3.88 | 0.41 | -2.76 | -11.85 | — | 1.64 | 1.64 | 0.31 |
| Interest Coverage | 0.82 | 0.82 | 0.69 | 0.63 | 5.78 | 13.17 | -11.19 | 2.23 | 3.29 | 4.46 | 5.47 |
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 | 0.22 | 0.22 | 0.09 | 0.30 | 0.23 | 0.30 | 0.28 | 0.25 | 0.24 | 0.25 | 0.27 |
| Quick Ratio | 0.22 | 0.22 | 0.09 | 0.30 | 0.23 | 0.30 | 0.28 | 0.25 | 0.24 | 0.25 | 0.27 |
| Cash Ratio | 0.15 | 0.15 | 0.04 | 0.05 | 0.05 | 0.10 | 0.10 | 0.06 | 0.03 | 0.03 | 0.07 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 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 | 3.5% | 4.0% | 5.3% | 5.2% | 2.8% | 2.6% | 2.3% | 2.1% | 2.2% | 1.5% | 1.4% |
| Payout Ratio | 60.9% | 60.9% | 56.3% | 77.5% | 54.1% | 43.7% | — | 52.3% | 55.0% | 60.0% | 61.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 8.2% | 9.4% | 6.7% | 5.1% | 5.8% | — | 3.9% | 3.9% | 2.6% | 2.4% |
| FCF Yield | 9.2% | 8.5% | 11.0% | 12.8% | 15.8% | 9.0% | 1.0% | — | 6.2% | 5.3% | 3.9% |
| Buyback Yield | 1.4% | 1.3% | 0.1% | 0.1% | 0.1% | 1.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% |
| Total Shareholder Yield | 4.9% | 5.4% | 5.4% | 5.3% | 2.8% | 3.7% | 2.4% | 2.1% | 2.3% | 1.6% | 1.6% |
| Shares Outstanding | — | $297M | $209M | $196M | $217M | $220M | $220M | $221M | $221M | $221M | $221M |
Regional CRE concentration exposure
Based on recent market data, COLB trades at a P/B of 1.22, which suggests that investors are currently pricing the institution at a discount relative to its historical averages and peer group, likely reflecting ongoing concerns regarding the successful integration of the Umpqua merger and regional economic headwinds.
The current valuation multiple appears to imply a cautious outlook on the bank's ability to achieve long-term ROTCE targets above its cost of capital. Investors should monitor whether the current P/B discount narrows as the bank demonstrates sustained operational efficiency and organic earnings growth post-merger.
As reported in financial statements, the bank's ROE has fluctuated between 1.5% and 2.9% over the last ten quarters, indicating that profitability remains strained by the combined impact of compressed net interest margins and the significant non-interest expenses associated with maintaining a large, physical branch network.
The decomposition of ROE suggests that the bank's profitability is currently driven more by leverage than by high asset utilization or robust fee income. The reliance on interest-spread income in a volatile rate environment warrants further investigation into the sustainability of current earnings quality.
According to quarterly filings, the efficiency ratio has exhibited significant volatility, ranging from 35.5% to 48.1%, which suggests that the bank is struggling to achieve the anticipated cost synergies from its recent merger while simultaneously managing the rising cost of deposits in a competitive regional market.
The inability to maintain a stable efficiency ratio may indicate that the bank's operating leverage is currently compromised by integration-related costs. Analysts should monitor whether the bank can successfully lower its cost-to-income profile as the Umpqua integration moves toward a more mature, steady-state phase.
Based on reported figures, the equity-to-assets ratio has remained stable at approximately 0.10 to 0.12, suggesting that the bank maintains an adequate capital position to support its current balance sheet size while navigating the regulatory requirements associated with crossing the $50 billion asset threshold.
While current capital levels appear sufficient, the bank's significant investment securities portfolio introduces potential volatility to tangible book value. Investors should monitor how management balances the need for capital return through dividends and buybacks against the necessity of maintaining robust capital buffers in a shifting economic landscape.
As disclosed in recent financial statements, the P/E ratio is a frequently misapplied metric for COLB because it fails to account for the non-cash purchase accounting accretion from the Umpqua merger, which artificially inflates headline earnings and obscures the bank's true organic profitability and operational performance.
Relying on P/E ratios in this context may lead to a distorted view of the bank's valuation, as it ignores the volatility introduced by CECL provisioning and merger-related adjustments. Analysts should prioritize P/TBV and core ROTCE metrics to better assess the underlying franchise value and long-term earnings power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying COLB stock.
Columbia Banking System, Inc.'s current P/E ratio is 14.0x. The historical average is 26.7x. This places it at the 11th percentile of its historical range.
Columbia Banking System, Inc.'s current EV/EBITDA is 12.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
Columbia Banking System, Inc.'s return on equity (ROE) is 8.5%. The historical average is 6.4%.
Based on historical data, Columbia Banking System, Inc. is trading at a P/E of 14.0x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Columbia Banking System, Inc.'s current dividend yield is 3.51% with a payout ratio of 60.9%.
Columbia Banking System, Inc. has 67.7% gross margin and 23.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Columbia Banking System, Inc.'s Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.