Latest Ratios: P/E Ratio 21.2x · EV/EBITDA 34.2x · ROE 4.6%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $175M | $145M | $124M | $107M | $136M | — | — |
| Enterprise Value | $365M | $334M | $200M | $222M | $247M | — | — |
| P/E Ratio → | 21.24 | 18.50 | 30.92 | 24.15 | 50.16 | — | — |
| P/S Ratio | 2.20 | 1.82 | 1.81 | 1.92 | 4.44 | — | — |
| P/B Ratio | 0.97 | 0.84 | 0.74 | 0.65 | 0.83 | — | — |
| P/FCF | 19.41 | 16.05 | 19.86 | 17.55 | 17.97 | — | — |
| P/OCF | 18.96 | 15.68 | 19.67 | 16.64 | 17.47 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.21 | 2.93 | 3.98 | 8.10 | — | — |
| EV / EBITDA | 34.16 | 31.33 | 35.28 | 35.44 | 65.13 | — | — |
| EV / EBIT | 35.14 | 32.22 | 37.26 | 37.10 | 70.76 | — | — |
| EV / FCF | — | 37.14 | 32.09 | 36.40 | 32.75 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 39.9% | 39.9% | 38.1% | 44.9% | 72.3% | 82.9% | 74.0% |
| Operating Margin | 13.1% | 13.1% | 7.9% | 10.7% | 11.4% | 23.2% | 28.7% |
| Net Profit Margin | 9.8% | 9.8% | 5.8% | 8.0% | 8.9% | 17.1% | 21.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 4.6% | 4.6% | 2.4% | 2.7% | 2.3% | 5.4% | 6.7% |
| ROA | 0.5% | 0.5% | 0.3% | 0.4% | 0.3% | 0.6% | 0.8% |
| ROIC | 1.8% | 1.8% | 1.0% | 1.2% | 1.2% | 4.6% | 5.4% |
| ROCE | 2.3% | 2.3% | 1.3% | 1.6% | 1.6% | 5.7% | 6.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.66 | 1.66 | 1.39 | 1.42 | 1.07 | 0.12 | 0.25 |
| Debt / EBITDA | 26.68 | 26.68 | 41.25 | 37.36 | 45.81 | 1.56 | 2.62 |
| Net Debt / Equity | — | 1.10 | 0.45 | 0.70 | 0.69 | -0.57 | -0.35 |
| Net Debt / EBITDA | 17.79 | 17.79 | 13.45 | 18.35 | 29.40 | -7.62 | -3.69 |
| Debt / FCF | — | 21.09 | 12.23 | 18.85 | 14.78 | -6.93 | -5.12 |
| Interest Coverage | 0.22 | 0.22 | 0.13 | 0.20 | 0.63 | 1.49 | 1.16 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.10 | 0.10 | 0.18 | 0.15 | 0.10 | 0.10 | 0.10 |
| Quick Ratio | 0.10 | 0.10 | 0.18 | 0.15 | 0.10 | 0.10 | 0.10 |
| Cash Ratio | 0.08 | 0.08 | 0.16 | 0.14 | 0.09 | 0.09 | 0.09 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 5.4% | 3.2% | 4.1% | 2.0% | — | — |
| FCF Yield | 5.2% | 6.2% | 5.0% | 5.7% | 5.6% | — | — |
| Buyback Yield | 2.6% | 3.2% | 2.2% | 2.1% | 0.0% | — | — |
| Total Shareholder Yield | 2.6% | 3.2% | 2.2% | 2.1% | 0.0% | — | — |
| Shares Outstanding | — | $8M | $8M | $9M | $8M | $12M | $12M |
Commercial real estate concentration
As reported in recent financial filings, ECBK trades at a P/B ratio of 0.95, which suggests that the market is currently discounting the bank's tangible book value due to the dilutive impact of excess capital following its recent mutual-to-stock conversion and subsequent slow deployment.
The current P/B multiple indicates that investors are pricing the bank as a commodity balance sheet rather than a premium franchise, likely awaiting evidence of improved capital velocity. This valuation implies a cautious market outlook regarding the bank's ability to generate competitive returns on its substantial equity base in the near term.
Based on the provided quarterly data, ECBK's ROE has remained modest at 1.8% as of 2026Q1, a figure that appears structurally suppressed by the bank's high equity-to-assets ratio and the ongoing challenge of deploying post-IPO capital into higher-yielding, risk-adjusted assets within the Massachusetts market.
The DuPont decomposition reveals that profitability is currently hampered by low asset utilization, as the bank maintains a significant portion of its balance sheet in lower-yielding investment securities. Investors should monitor whether management can shift the asset mix toward higher-margin commercial loans to improve the return on tangible equity.
According to the bank's reported figures, the net interest margin has remained stubbornly flat at 0.6% over the last ten quarters, suggesting that funding costs in the Everett and Lynnfield markets are effectively neutralizing the yield benefits gained from recent loan portfolio expansion and asset deployment.
While the efficiency ratio has improved to 26.2% from 33.2% in 2023Q4, the lack of NIM expansion indicates that operational cost control is currently the primary driver of bottom-line performance. This trend suggests that the bank's ability to achieve meaningful operating leverage is limited by the competitive environment for core deposits.
As indicated by the 0.11 equity-to-assets ratio and $94.9 million in cash reserves, ECBK maintains a fortress-like capital position that provides a significant buffer against economic volatility but simultaneously acts as a drag on the bank's overall return on equity metrics.
The current capital structure suggests that the bank is well-positioned to absorb potential credit shocks, particularly within its concentrated commercial real estate portfolio. However, the lack of aggressive capital return or deployment may warrant further investigation into management's long-term strategy for optimizing this substantial capital base.
Based on institutional analysis, the P/E ratio of 20.84 is a frequently misapplied metric for ECBK, as it obscures the bank's true earnings power by failing to account for the temporary capital glut and the non-recurring nature of recent provision volatility in the loan portfolio.
Investors should prioritize P/TBV over P/E when evaluating this bank, as the latter is highly sensitive to accounting adjustments and the timing of capital deployment. Relying on P/E in this context may lead to an inaccurate assessment of the bank's valuation relative to its underlying tangible asset base.
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Quick answers to the most common questions about buying ECBK stock.
ECB Bancorp, Inc.'s current P/E ratio is 21.2x. The historical average is 30.9x. This places it at the 25th percentile of its historical range.
ECB Bancorp, Inc.'s current EV/EBITDA is 34.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 41.8x.
ECB Bancorp, Inc.'s return on equity (ROE) is 4.6%. The historical average is 4.0%.
Based on historical data, ECB Bancorp, Inc. is trading at a P/E of 21.2x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ECB Bancorp, Inc. has 39.9% gross margin and 13.1% operating margin. Operating margin between 10-20% is typical for established companies.
ECB Bancorp, Inc.'s Debt/EBITDA ratio is 26.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.