Latest Ratios: P/E Ratio 12.6x · EV/EBITDA 12.2x · ROE 11.3%. (2009–2025 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 | $2.6B | $2.6B | $1.6B | $1.9B | $951M | $2.2B | $577M | $753M | $587M | $847M | $1.1B |
| Enterprise Value | $4.3B | $4.2B | $-783241080 | $-484067420 | $1.6B | $2.9B | $1.3B | $2.2B | $2.2B | $2.8B | $2.6B |
| P/E Ratio → | 12.59 | 11.79 | 9.56 | 7.87 | 4.35 | 6.49 | 4.47 | 11.61 | 10.22 | 13.19 | 15.51 |
| P/S Ratio | 1.86 | 1.83 | 1.17 | 1.30 | 1.06 | 2.61 | 0.96 | 1.52 | 1.24 | 1.89 | 2.85 |
| P/B Ratio | 1.31 | 1.22 | 0.87 | 1.13 | 0.68 | 1.61 | 0.52 | 0.72 | 0.61 | 0.92 | 1.26 |
| P/FCF | 5.47 | 5.38 | 19.94 | 22.22 | — | 9.25 | 4.68 | 26.71 | 10.29 | 22.39 | 12.50 |
| P/OCF | 5.32 | 5.23 | 10.98 | 14.86 | — | 8.12 | 3.79 | 9.63 | 6.02 | 13.62 | 11.76 |
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 | — | 2.99 | -0.58 | -0.34 | 1.79 | 3.39 | 2.15 | 4.50 | 4.62 | 6.15 | 7.02 |
| EV / EBITDA | 12.15 | 12.04 | -3.04 | -1.34 | 5.03 | 6.19 | 6.19 | 18.40 | 20.84 | 20.52 | 20.28 |
| EV / EBIT | 13.75 | 13.62 | -3.49 | -1.46 | 5.49 | 6.49 | 6.79 | 20.73 | 24.08 | 22.30 | 21.24 |
| EV / FCF | — | 8.80 | -9.81 | -5.81 | — | 12.03 | 10.46 | 79.19 | 38.47 | 73.03 | 30.79 |
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 | 51.6% | 51.6% | 45.1% | 46.9% | 64.1% | 85.4% | 66.3% | 57.5% | 65.1% | 75.0% | 79.8% |
| Operating Margin | 22.0% | 22.0% | 16.5% | 23.3% | 32.5% | 52.2% | 31.6% | 21.7% | 19.2% | 27.6% | 33.1% |
| Net Profit Margin | 15.8% | 15.8% | 13.3% | 17.6% | 25.5% | 37.3% | 22.1% | 16.0% | 15.1% | 17.5% | 20.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 10.4% | 16.4% | 16.5% | 25.3% | 12.2% | 7.9% | 7.6% | 8.9% | 11.2% |
| ROA | 0.9% | 0.9% | 0.8% | 1.2% | 1.1% | 1.7% | 0.9% | 0.7% | 0.7% | 0.8% | 0.9% |
| ROIC | 6.6% | 6.6% | 5.3% | 8.8% | 8.6% | 13.1% | 5.4% | 3.0% | 2.4% | 3.3% | 3.6% |
| ROCE | 5.0% | 5.0% | 6.6% | 11.8% | 14.6% | 11.5% | 5.2% | 5.7% | 3.5% | 6.1% | 10.0% |
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 | 0.81 | 0.81 | 0.77 | 0.92 | 0.79 | 0.86 | 1.26 | 1.61 | 1.74 | 2.24 | 2.15 |
| Debt / EBITDA | 4.85 | 4.85 | 5.47 | 4.16 | 3.47 | 2.55 | 6.75 | 13.95 | 15.85 | 15.31 | 14.07 |
| Net Debt / Equity | — | 0.78 | -1.29 | -1.43 | 0.46 | 0.48 | 0.64 | 1.41 | 1.68 | 2.08 | 1.84 |
| Net Debt / EBITDA | 4.67 | 4.67 | -9.21 | -6.45 | 2.04 | 1.43 | 3.42 | 12.19 | 15.26 | 14.23 | 12.05 |
| Debt / FCF | — | 3.42 | -29.75 | -28.03 | — | 2.78 | 5.78 | 52.47 | 28.18 | 50.64 | 18.28 |
| Interest Coverage | 0.51 | 0.51 | 0.33 | 0.49 | 1.11 | 4.61 | 1.36 | 0.58 | 0.57 | 1.17 | 1.71 |
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 | 0.01 | 0.01 | 0.32 | 0.37 | 0.19 | 0.25 | 0.16 | 0.08 | 0.10 | 0.09 | 0.10 |
| Quick Ratio | 0.01 | 0.01 | 0.32 | 0.37 | 0.19 | 0.25 | 0.16 | 0.08 | 0.10 | 0.09 | 0.10 |
| Cash Ratio | 0.00 | 0.00 | 0.20 | 0.21 | 0.02 | 0.03 | 0.06 | 0.02 | 0.01 | 0.02 | 0.03 |
| Asset Turnover | — | 0.06 | 0.06 | 0.07 | 0.04 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 |
| 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 | 0.4% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.9% | 8.5% | 10.5% | 12.7% | 23.0% | 15.4% | 22.4% | 8.6% | 9.8% | 7.6% | 6.4% |
| FCF Yield | 18.3% | 18.6% | 5.0% | 4.5% | — | 10.8% | 21.4% | 3.7% | 9.7% | 4.5% | 8.0% |
| Buyback Yield | 5.6% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 6.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $35M | $33M | $32M | $34M | $34M | $32M | $32M | $32M | $33M | $30M |
Regulatory compliance and oversight
According to recent market data, CUBI trades at a P/B of 1.36, which appears to reflect a significant discount relative to high-performing peers like The Bancorp, Inc., suggesting that investors are pricing in substantial regulatory risk premiums rather than purely fundamental earnings potential.
The current valuation multiple suggests the market remains skeptical of the bank's ability to sustain historical ROTCE levels under the constraints of the August 2024 Federal Reserve agreement. Investors should monitor whether the forward P/E of 9.56 represents a value opportunity or a trap, as the bank's reliance on transactional fee income complicates traditional earnings-based valuation models.
As reported in financial statements, the bank's ROE has compressed to 3.5% in 2025Q4, a trend driven by persistent NIM stagnation at 0.8% and a reliance on volatile non-interest income that fails to offset the rising costs of maintaining a complex digital infrastructure.
The DuPont decomposition indicates that profitability is currently constrained by both thin net interest margins and an efficiency ratio that fluctuates due to elevated compliance spending. This suggests that the bank's core spread business is struggling to generate sufficient returns to justify its current capital base without relying on episodic gain-on-sale activities.
Based on reported figures, the efficiency ratio reached 30.3% in 2025Q4, reflecting the heavy operational burden of managing the CBIT platform while simultaneously addressing the stringent requirements imposed by federal oversight, which appears to be permanently elevating the bank's non-interest expense base.
The inability to expand NIM beyond 0.8% despite the proprietary nature of the CBIT rail suggests that funding costs remain highly sensitive to market rates. This indicates that the bank may be facing a structural challenge in maintaining its competitive advantage while navigating a more rigorous regulatory environment.
As indicated by the balance sheet, the equity-to-assets ratio has remained consistently thin at approximately 0.08, which warrants close investigation given the bank's reliance on volatile institutional deposits and the potential for increased capital charges stemming from the August 2024 Federal Reserve agreement.
The bank's capital adequacy appears adequate for current operations but may lack the flexibility to support aggressive asset expansion if regulatory capital requirements are tightened further. Investors should monitor the bank's ability to retain earnings, as the recent $85 million share buyback program may limit the capital buffer available for future regulatory remediation.
The P/E ratio is frequently misapplied to CUBI, as it obscures the extreme volatility of gain-on-sale accounting from SBA and mortgage warehouse segments, which can artificially inflate or deflate earnings in any given quarter regardless of the bank's underlying operational health.
Analysts should prioritize P/TBV and PPNR metrics over P/E, as the latter is heavily distorted by the timing of loan sales and provision volatility. Relying on P/E may lead to an inaccurate assessment of the bank's earnings power, as it fails to account for the cyclical nature of the non-interest income streams that drive the bank's bottom line.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying CUBI stock.
Customers Bancorp, Inc.'s current P/E ratio is 12.6x. The historical average is 10.4x. This places it at the 71th percentile of its historical range.
Customers Bancorp, Inc.'s current EV/EBITDA is 12.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.4x.
Customers Bancorp, Inc.'s return on equity (ROE) is 11.3%. The historical average is 8.9%.
Based on historical data, Customers Bancorp, Inc. is trading at a P/E of 12.6x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Customers Bancorp, Inc.'s current dividend yield is 0.39%.
Customers Bancorp, Inc. has 51.6% gross margin and 22.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Customers Bancorp, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.