Latest Ratios: P/E Ratio 16.1x · EV/EBITDA 19.8x · ROE 7.6%. (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 | $421M | $322M | $284M | $342M | $353M | $412M | $293M | $376M | $324M | $291M | $316M |
| Enterprise Value | $567M | $469M | $365M | $497M | $480M | $385M | $282M | $486M | $335M | $322M | $349M |
| P/E Ratio → | 16.08 | 13.82 | 11.01 | 14.29 | 13.37 | 13.60 | 15.38 | 19.35 | 14.68 | 21.82 | 20.15 |
| P/S Ratio | 2.73 | 2.09 | 1.83 | 2.51 | 3.06 | 3.78 | 2.91 | 4.54 | 4.65 | 4.78 | 5.30 |
| P/B Ratio | 1.10 | 0.94 | 1.03 | 1.30 | 1.42 | 1.37 | 0.98 | 1.54 | 1.64 | 1.55 | 1.70 |
| P/FCF | 13.97 | 10.69 | 9.12 | 10.93 | 11.29 | 12.49 | 13.52 | 19.21 | 13.10 | 16.49 | 18.67 |
| P/OCF | 13.14 | 10.05 | 8.59 | 10.19 | 10.21 | 11.82 | 11.81 | 16.76 | 12.51 | 15.04 | 17.07 |
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 | — | 3.04 | 2.35 | 3.65 | 4.16 | 3.53 | 2.81 | 5.86 | 4.81 | 5.28 | 5.85 |
| EV / EBITDA | 19.81 | 16.36 | 10.73 | 15.22 | 13.82 | 9.66 | 11.19 | 19.32 | 11.97 | 14.49 | 15.36 |
| EV / EBIT | 19.81 | 16.36 | 11.46 | 16.30 | 14.84 | 10.20 | 12.14 | 20.76 | 12.77 | 15.65 | 16.51 |
| EV / FCF | — | 15.57 | 11.74 | 15.88 | 15.33 | 11.66 | 13.02 | 24.81 | 13.56 | 18.23 | 20.59 |
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 | 65.3% | 65.3% | 67.1% | 75.6% | 85.5% | 90.6% | 86.6% | 86.6% | 92.5% | 92.3% | 91.8% |
| Operating Margin | 18.6% | 18.6% | 20.5% | 22.4% | 28.0% | 34.6% | 23.1% | 28.2% | 37.7% | 33.8% | 35.4% |
| Net Profit Margin | 15.2% | 15.2% | 16.7% | 17.7% | 23.1% | 28.0% | 19.1% | 23.5% | 31.6% | 22.0% | 26.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.6% | 7.6% | 9.7% | 9.4% | 9.7% | 10.2% | 7.1% | 8.8% | 11.4% | 7.2% | 8.4% |
| ROA | 0.8% | 0.8% | 1.0% | 1.0% | 1.1% | 1.3% | 1.0% | 1.3% | 1.7% | 1.1% | 1.3% |
| ROIC | 4.2% | 4.2% | 5.0% | 5.1% | 6.0% | 7.3% | 4.5% | 5.5% | 7.8% | 6.1% | 6.0% |
| ROCE | 1.6% | 1.6% | 6.5% | 7.8% | 9.4% | 10.1% | 6.9% | 8.7% | 12.2% | 10.4% | 10.6% |
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 | 0.56 | 0.56 | 0.75 | 0.81 | 0.73 | 0.26 | 0.30 | 0.59 | 0.25 | 0.38 | 0.35 |
| Debt / EBITDA | 6.74 | 6.74 | 6.10 | 6.49 | 5.23 | 1.95 | 3.62 | 5.76 | 1.74 | 3.19 | 2.85 |
| Net Debt / Equity | — | 0.43 | 0.30 | 0.59 | 0.51 | -0.09 | -0.04 | 0.45 | 0.06 | 0.16 | 0.17 |
| Net Debt / EBITDA | 5.13 | 5.13 | 2.39 | 4.75 | 3.65 | -0.69 | -0.42 | 4.36 | 0.40 | 1.38 | 1.43 |
| Debt / FCF | — | 4.88 | 2.62 | 4.95 | 4.05 | -0.83 | -0.49 | 5.60 | 0.46 | 1.74 | 1.92 |
| Interest Coverage | 0.60 | 0.60 | 0.65 | 0.92 | 3.40 | 5.74 | 2.42 | 2.28 | 5.68 | 5.26 | 5.72 |
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 | 1.11 | 1.11 | 0.17 | 0.24 | 0.26 | 0.32 | 0.25 | 0.29 | 0.38 | 0.37 | 0.41 |
| Quick Ratio | 1.11 | 1.11 | 0.17 | 0.24 | 0.26 | 0.32 | 0.25 | 0.29 | 0.38 | 0.37 | 0.41 |
| Cash Ratio | 1.11 | 1.11 | 0.06 | 0.03 | 0.03 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.03 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 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 | 4.4% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 69.5% | 69.5% | 59.8% | 64.5% | 59.6% | 52.3% | 75.3% | 72.0% | 53.4% | 83.0% | 70.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 7.2% | 9.1% | 7.0% | 7.5% | 7.4% | 6.5% | 5.2% | 6.8% | 4.6% | 5.0% |
| FCF Yield | 7.2% | 9.4% | 11.0% | 9.2% | 8.9% | 8.0% | 7.4% | 5.2% | 7.6% | 6.1% | 5.4% |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.4% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $16M | $15M | $15M | $15M | $16M | $15M | $13M | $12M | $12M | $12M |
Liquidity and credit provisioning
According to recent market data, CZNC trades at a P/B of 1.10, which appears to price the bank as a commodity balance sheet rather than a premium franchise, given the persistent sub-3% ROE levels observed over the last ten quarters as reported in financial filings.
The current P/E of 16.09 suggests that investors are paying a premium for historical stability that is currently not supported by earnings growth. This valuation gap warrants further investigation into whether the market is mispricing the bank's trust-based fee income or simply discounting the lack of tangible equity growth.
Based on reported figures, the bank's ROE has languished near 0.1% to 3.0% over the past ten quarters, indicating that the combination of a compressed NIM and high operating expenses is severely limiting the bank's ability to generate meaningful returns on its tangible equity base.
The decomposition suggests that the bank's reliance on a high fixed-cost branch network is failing to generate sufficient asset utilization to offset the margin pressure. Investors should monitor whether the recent shift toward non-interest income can eventually provide the necessary leverage to improve these strained profitability metrics.
As reported in financial statements, the bank's NIM has remained stubbornly low between 0.7% and 0.9% over the last ten quarters, suggesting that the institution is struggling to pass through funding costs while maintaining its competitive position in the Northern Tier's rural deposit market.
The efficiency ratio, which has fluctuated between 44% and 50%, indicates that the bank lacks the operating leverage to absorb rising non-interest expenses. This trend implies that management may need to aggressively rationalize its branch footprint to prevent further erosion of its core operating margins.
Based on the provided balance sheet data, the equity-to-assets ratio has remained fixed at 0.10 to 0.11 for ten consecutive quarters, signaling that the bank's capital formation is not keeping pace with its asset growth, which may limit future strategic flexibility and capital return capacity.
This lack of capital accumulation relative to the $3.2 billion asset base suggests that the bank is operating with limited headroom for unexpected credit losses. Investors should monitor whether the current dividend payout, which has persisted despite earnings volatility, is sustainable without further straining the bank's capital adequacy.
The P/E ratio is frequently misapplied to CZNC, as it obscures the significant volatility introduced by periodic spikes in loan loss provisions and the non-cash nature of trust-based fee income, which can lead to misleading conclusions about the bank's underlying earnings power.
Analysts should instead prioritize P/TBV and adjusted ROE, which better account for the bank's tangible capital position and the recurring nature of its wealth management segment. Relying on P/E in this context may lead to an overestimation of the bank's ability to generate consistent, high-quality earnings.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CZNC stock.
Citizens & Northern Corporation's current P/E ratio is 16.1x. The historical average is 14.5x. This places it at the 76th percentile of its historical range.
Citizens & Northern Corporation's current EV/EBITDA is 19.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
Citizens & Northern Corporation's return on equity (ROE) is 7.6%. The historical average is 9.3%.
Based on historical data, Citizens & Northern Corporation is trading at a P/E of 16.1x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Citizens & Northern Corporation's current dividend yield is 4.35% with a payout ratio of 69.5%.
Citizens & Northern Corporation has 65.3% gross margin and 18.6% operating margin. Operating margin between 10-20% is typical for established companies.
Citizens & Northern Corporation's Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.