Latest Ratios: P/E Ratio 12.4x · EV/EBITDA 9.5x · ROE 8.1%. (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 | $188M | $156M | $120M | $123M | $119M | $153M | $145M | $138M | $91M | $87M | $82M |
| Enterprise Value | $246M | $214M | $289M | $333M | $226M | $133M | $129M | $229M | $206M | $187M | $172M |
| P/E Ratio → | 12.40 | 10.47 | 12.36 | 12.24 | 11.14 | 10.59 | 6.82 | 12.66 | 18.13 | 21.16 | 15.98 |
| P/S Ratio | 1.49 | 1.24 | 1.00 | 1.09 | 1.27 | 1.64 | 1.60 | 1.99 | 1.96 | 2.08 | 2.05 |
| P/B Ratio | 0.96 | 0.81 | 0.69 | 0.73 | 0.75 | 0.98 | 0.95 | 1.13 | 0.96 | 1.04 | 1.37 |
| P/FCF | 6.62 | 5.49 | 8.33 | — | 4.75 | 3.46 | — | — | 13.92 | 5.24 | 7.68 |
| P/OCF | 5.67 | 4.70 | 4.22 | 13.17 | 2.85 | 2.71 | 68.33 | 376.23 | 6.68 | 4.32 | 6.34 |
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 | — | 1.70 | 2.40 | 2.96 | 2.41 | 1.43 | 1.43 | 3.31 | 4.46 | 4.50 | 4.31 |
| EV / EBITDA | 9.54 | 8.30 | 14.25 | 17.05 | 10.47 | 4.91 | 3.05 | 12.24 | 22.74 | 21.46 | 17.74 |
| EV / EBIT | 13.00 | 11.31 | 25.37 | 28.60 | 16.30 | 6.91 | — | 16.37 | 35.02 | 30.00 | 24.79 |
| EV / FCF | — | 7.55 | 19.98 | — | 8.98 | 3.01 | — | — | 31.72 | 11.32 | 16.14 |
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 | 70.9% | 70.9% | 65.7% | 72.8% | 91.3% | 95.6% | 100.0% | 85.0% | 86.9% | 87.2% | 87.6% |
| Operating Margin | 15.0% | 15.0% | 9.5% | 10.4% | 14.8% | 20.7% | — | 20.2% | 12.7% | 15.0% | 17.4% |
| Net Profit Margin | 11.8% | 11.8% | 8.1% | 8.9% | 11.4% | 15.5% | 23.5% | 15.7% | 10.8% | 9.9% | 12.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.1% | 8.1% | 5.7% | 6.1% | 6.8% | 9.3% | 15.4% | 10.0% | 5.6% | 5.7% | 8.9% |
| ROA | 0.7% | 0.7% | 0.5% | 0.5% | 0.6% | 1.1% | 1.8% | 1.1% | 0.6% | 0.6% | 0.8% |
| ROIC | 4.4% | 4.4% | 2.2% | 2.5% | 4.3% | 7.4% | — | 4.6% | 2.1% | 2.7% | 3.5% |
| ROCE | 1.8% | 1.8% | 2.6% | 3.2% | 5.8% | 9.8% | — | 6.1% | 2.9% | 3.6% | 4.7% |
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 | 0.43 | 0.43 | 1.14 | 1.39 | 0.81 | 0.22 | 0.31 | 0.93 | 1.34 | 1.29 | 1.64 |
| Debt / EBITDA | 3.20 | 3.20 | 9.86 | 12.01 | 5.95 | 1.29 | 1.10 | 6.07 | 14.00 | 12.37 | 10.06 |
| Net Debt / Equity | — | 0.30 | 0.96 | 1.24 | 0.67 | -0.13 | -0.10 | 0.75 | 1.22 | 1.20 | 1.51 |
| Net Debt / EBITDA | 2.26 | 2.26 | 8.31 | 10.75 | 4.94 | -0.73 | -0.36 | 4.87 | 12.76 | 11.52 | 9.30 |
| Debt / FCF | — | 2.06 | 11.66 | — | 4.23 | -0.45 | — | — | 17.81 | 6.07 | 8.46 |
| Interest Coverage | 0.53 | 0.53 | 0.28 | 0.40 | 2.25 | 6.01 | -1.09 | 1.81 | 1.16 | 1.52 | 2.22 |
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 | 0.71 | 0.71 | 0.10 | 0.22 | 0.23 | 0.27 | 0.22 | 0.19 | 0.25 | 0.27 | 0.27 |
| Quick Ratio | 0.71 | 0.71 | 0.10 | 0.22 | 0.23 | 0.27 | 0.22 | 0.19 | 0.25 | 0.27 | 0.27 |
| Cash Ratio | 0.05 | 0.05 | 0.02 | 0.02 | 0.01 | 0.04 | 0.06 | 0.03 | 0.02 | 0.01 | 0.01 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.05 | 0.06 | 0.06 |
| 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 | 2.5% | 2.9% | 3.8% | 3.6% | 3.4% | 2.0% | 1.8% | 1.7% | 2.2% | 1.6% | 1.5% |
| Payout Ratio | 30.9% | 30.9% | 46.4% | 44.2% | 37.9% | 20.9% | 12.3% | 22.1% | 40.0% | 34.2% | 23.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | 9.5% | 8.1% | 8.2% | 9.0% | 9.4% | 14.7% | 7.9% | 5.5% | 4.7% | 6.3% |
| FCF Yield | 15.1% | 18.2% | 12.0% | — | 21.1% | 28.9% | — | — | 7.2% | 19.1% | 13.0% |
| Buyback Yield | 0.8% | 1.0% | 0.3% | 0.2% | 3.7% | 4.1% | 0.7% | 0.9% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.3% | 4.0% | 4.1% | 3.8% | 7.1% | 6.1% | 2.5% | 2.6% | 2.2% | 1.6% | 1.5% |
| Shares Outstanding | — | $8M | $8M | $8M | $7M | $7M | $7M | $6M | $5M | $4M | $4M |
Mortgage Origination Volume Sensitivity
Based on recent market data, EBMT trades at a P/B of 0.97, which suggests the market prices the bank as a commodity balance sheet rather than a premium franchise, especially when compared to the 1.61 P/B multiple commanded by larger regional peer Glacier Bancorp.
The current valuation multiple appears to reflect investor skepticism regarding the bank's ability to generate superior returns on tangible equity in a high-rate environment. This discount may indicate that the market is pricing in the volatility of mortgage-related income rather than the stability of the rural Montana deposit base.
As reported in financial statements, EBMT's ROE has remained constrained between 1.0% and 2.5% over the last ten quarters, a trend that appears primarily driven by a stagnant NIM that has struggled to exceed 0.9% despite the bank's efforts to optimize its asset-liability mix.
The DuPont decomposition suggests that profitability is currently hampered by both limited asset utilization and a reliance on mortgage banking fees that are inherently cyclical. Investors should monitor whether the bank can improve its return profile without significantly increasing its leverage, which currently remains at a conservative equity-to-assets ratio.
According to quarterly data, the bank's NIM has hovered between 0.7% and 0.9%, indicating that the cost of funds is rising in lockstep with asset yields, thereby limiting the bank's ability to expand its net interest spread in the current competitive Montana banking landscape.
The efficiency ratio, which has fluctuated between 53.8% and 61.8%, suggests that management is maintaining disciplined cost control, yet the lack of operating leverage is evident. This implies that the bank's profitability is highly sensitive to deposit beta, and any further increase in funding costs may lead to additional margin compression.
Based on reported figures, the bank's equity-to-assets ratio has remained consistent between 8% and 9% over the last ten quarters, providing a stable capital buffer that appears adequate for its current risk profile despite the lack of significant growth in the underlying asset base.
This capital position suggests that the bank is well-positioned to absorb potential credit losses, though it also implies limited capacity for aggressive balance sheet expansion or significant share repurchases. The consistency of this ratio warrants further investigation into whether management intends to deploy this capital for future acquisitions.
As indicated by the bank's financial history, the P/E ratio is the most commonly misapplied metric for EBMT, as it fails to account for the significant volatility in non-cash MSR valuations and mortgage banking income that can distort core earnings on a quarterly basis.
Investors should instead focus on pre-provision net revenue (PPNR) and tangible book value growth to better assess the bank's underlying operational health. Relying on P/E ratios may lead to an inaccurate assessment of the bank's true earnings power, as it ignores the cyclical nature of the mortgage origination business.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying EBMT stock.
Eagle Bancorp Montana, Inc.'s current P/E ratio is 12.4x. The historical average is 15.2x. This places it at the 35th percentile of its historical range.
Eagle Bancorp Montana, Inc.'s current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.3x.
Eagle Bancorp Montana, Inc.'s return on equity (ROE) is 8.1%. The historical average is 6.6%.
Based on historical data, Eagle Bancorp Montana, Inc. is trading at a P/E of 12.4x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Eagle Bancorp Montana, Inc.'s current dividend yield is 2.48% with a payout ratio of 30.9%.
Eagle Bancorp Montana, Inc. has 70.9% gross margin and 15.0% operating margin. Operating margin between 10-20% is typical for established companies.
Eagle Bancorp Montana, Inc.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.