Latest Ratios: P/E Ratio 12.2x · EV/EBITDA 9.2x · ROE 10.4%. (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 | $2.4B | $2.0B | $2.1B | $1.7B | $1.8B | $1.6B | $943M | $1.3B | $877M | $1.1B | $871M |
| Enterprise Value | $2.7B | $2.3B | $1.8B | $1.7B | $2.1B | $156M | $954M | $1.7B | $1.1B | $1.4B | $1.3B |
| P/E Ratio → | 12.25 | 10.17 | 11.68 | 8.81 | 9.22 | 12.20 | 12.66 | 13.58 | 9.83 | 21.81 | 17.84 |
| P/S Ratio | 2.61 | 2.21 | 2.60 | 2.25 | 3.44 | 3.85 | 2.72 | 3.65 | 3.21 | 4.49 | 4.89 |
| P/B Ratio | 1.19 | 0.99 | 1.16 | 0.98 | 1.21 | 1.06 | 0.87 | 1.45 | 1.45 | 1.92 | 2.25 |
| P/FCF | 13.11 | 11.09 | 8.83 | 6.40 | 8.55 | 10.28 | 7.08 | 14.64 | 8.29 | 24.31 | 10.89 |
| P/OCF | 12.30 | 10.40 | 8.56 | 6.24 | 8.47 | 10.12 | 6.96 | 13.64 | 8.06 | 22.95 | 10.56 |
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 | — | 2.54 | 2.21 | 2.28 | 3.97 | 0.37 | 2.75 | 4.99 | 3.99 | 6.15 | 7.47 |
| EV / EBITDA | 9.19 | 7.94 | 7.44 | 6.57 | 7.74 | 0.85 | 9.19 | 13.53 | 9.86 | 15.59 | 17.03 |
| EV / EBIT | 9.45 | 8.16 | 7.77 | 6.87 | 8.16 | 0.92 | 10.38 | 14.84 | 10.42 | 16.65 | 17.79 |
| EV / FCF | — | 12.75 | 7.48 | 6.48 | 9.86 | 0.99 | 7.16 | 20.00 | 10.31 | 33.32 | 16.64 |
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 | 68.4% | 68.4% | 62.6% | 67.9% | 92.4% | 91.4% | 71.2% | 78.9% | 80.8% | 84.9% | 90.3% |
| Operating Margin | 31.1% | 31.1% | 28.4% | 33.2% | 48.6% | 40.0% | 26.5% | 33.6% | 38.3% | 36.9% | 42.0% |
| Net Profit Margin | 22.1% | 22.1% | 22.7% | 26.1% | 38.0% | 31.6% | 21.4% | 26.9% | 32.6% | 20.6% | 27.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.4% | 10.4% | 10.5% | 12.0% | 13.3% | 10.2% | 7.6% | 12.6% | 15.5% | 10.3% | 13.2% |
| ROA | 1.2% | 1.2% | 1.2% | 1.4% | 1.5% | 1.1% | 0.9% | 1.4% | 1.6% | 1.0% | 1.3% |
| ROIC | 8.8% | 8.8% | 7.8% | 8.7% | 9.3% | 6.8% | 4.4% | 6.9% | 7.4% | 6.1% | 6.1% |
| ROCE | 2.9% | 2.9% | 10.8% | 12.2% | 13.6% | 10.0% | 6.5% | 10.7% | 12.2% | 12.0% | 13.3% |
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 | 0.25 | 0.25 | 0.24 | 0.26 | 0.38 | 0.37 | 0.51 | 0.73 | 0.68 | 0.99 | 1.70 |
| Debt / EBITDA | 1.74 | 1.74 | 1.81 | 1.76 | 2.12 | 3.06 | 5.35 | 4.94 | 3.72 | 5.89 | 8.43 |
| Net Debt / Equity | — | 0.15 | -0.18 | 0.01 | 0.19 | -0.96 | 0.01 | 0.53 | 0.35 | 0.71 | 1.19 |
| Net Debt / EBITDA | 1.03 | 1.03 | -1.34 | 0.08 | 1.03 | -8.03 | 0.11 | 3.62 | 1.93 | 4.22 | 5.89 |
| Debt / FCF | — | 1.66 | -1.35 | 0.08 | 1.31 | -9.29 | 0.08 | 5.35 | 2.02 | 9.01 | 5.75 |
| Interest Coverage | 1.08 | 1.08 | 0.82 | 1.22 | 6.30 | 7.32 | 2.64 | 1.75 | 2.28 | 3.43 | 5.45 |
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 | 27.20 | 27.20 | 0.07 | 0.17 | 0.17 | 0.29 | 0.18 | 0.22 | 0.19 | 0.18 | 0.19 |
| Quick Ratio | 27.20 | 27.20 | 0.07 | 0.17 | 0.17 | 0.29 | 0.18 | 0.22 | 0.19 | 0.18 | 0.19 |
| Cash Ratio | 27.20 | 27.20 | 0.06 | 0.03 | 0.03 | 0.17 | 0.07 | 0.03 | 0.04 | 0.04 | 0.06 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.2% | 1.9% | 2.2% | 1.8% | 1.6% | 2.1% | 1.3% | 1.2% | 1.0% | 0.9% |
| Payout Ratio | 22.4% | 22.4% | 21.3% | 19.3% | 16.5% | 19.7% | 26.6% | 17.9% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.2% | 9.8% | 8.6% | 11.4% | 10.8% | 8.2% | 7.9% | 7.4% | 10.2% | 4.6% | 5.6% |
| FCF Yield | 7.6% | 9.0% | 11.3% | 15.6% | 11.7% | 9.7% | 14.1% | 6.8% | 12.1% | 4.1% | 9.2% |
| Buyback Yield | 0.6% | 0.7% | 1.4% | 0.0% | 1.8% | 3.7% | 1.6% | 1.2% | 2.2% | 1.6% | 0.6% |
| Total Shareholder Yield | 2.5% | 2.9% | 3.3% | 2.2% | 3.6% | 5.3% | 3.7% | 2.5% | 3.4% | 2.6% | 1.5% |
| Shares Outstanding | — | $37M | $38M | $38M | $38M | $34M | $27M | $26M | $23M | $23M | $20M |
Tax credit pipeline volatility
Based on recent market data, EFSC trades at a P/B of 1.22, suggesting that investors assign a premium to its specialized tax credit brokerage capabilities compared to traditional regional lenders that lack such high-margin, non-interest income streams within their core business models.
The current P/B multiple indicates that the market views EFSC as a specialized financial services firm rather than a commoditized regional bank. This valuation appears to bake in expectations for sustained fee-based growth, though investors should monitor whether the current 12.59 P/E remains justified if tax credit deal flow experiences cyclical deceleration.
As reported in quarterly filings, EFSC's ROE has remained constrained in the 2.3% to 2.8% range, reflecting a business model where profitability is heavily influenced by the lumpy nature of tax credit brokerage fees and the ongoing costs of maintaining specialized commercial relationship management talent.
The DuPont decomposition suggests that while asset utilization remains stable, the bank's profitability is sensitive to the volatility of non-interest income. The reliance on specialized fee streams implies that ROE expansion is contingent upon the bank's ability to scale its tax credit pipeline without incurring disproportionate increases in operating expenses.
According to the latest financial data, EFSC's efficiency ratio reached 47.2% in 2026Q1, indicating that the bank is currently navigating rising overhead costs as it balances its geographic expansion into Western markets with the need to maintain a specialized, high-cost human capital base.
The stability of the NIM at 1.0% suggests that the bank is facing structural headwinds in expanding its net interest spread, likely due to competitive deposit pricing. The efficiency ratio trend warrants further investigation to determine if the recent uptick is a temporary investment in growth or a permanent shift in the cost structure.
Based on the provided balance sheet data, EFSC has maintained a consistent equity-to-assets ratio of 0.12 over the last ten quarters, demonstrating a disciplined approach to capital management that provides a stable foundation for its ongoing expansion into high-growth corridors like Arizona and California.
This consistent capital ratio suggests that management is prioritizing organic capital generation to support its growth strategy rather than relying on excessive leverage. Investors should monitor whether this capital adequacy remains sufficient if the bank's commercial loan portfolio faces increased credit stress in the current economic cycle.
The P/E ratio is frequently misapplied to EFSC because it fails to account for the optical volatility introduced by the timing of tax credit brokerage revenue recognition, which can lead to misleading quarterly earnings fluctuations that do not reflect the bank's underlying long-term profitability.
Analysts should instead focus on P/TBV and normalized earnings power, as the P/E ratio obscures the structural value of the bank's fee-based business. Relying solely on P/E may lead to an incorrect assessment of the bank's valuation during periods where tax credit deal closings are delayed or accelerated.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying EFSC stock.
Enterprise Financial Services Corp's current P/E ratio is 12.2x. The historical average is 20.8x. This places it at the 39th percentile of its historical range.
Enterprise Financial Services Corp's current EV/EBITDA is 9.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
Enterprise Financial Services Corp's return on equity (ROE) is 10.4%. The historical average is 8.9%.
Based on historical data, Enterprise Financial Services Corp is trading at a P/E of 12.2x. This is at the 39th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Enterprise Financial Services Corp's current dividend yield is 1.86% with a payout ratio of 22.4%.
Enterprise Financial Services Corp has 68.4% gross margin and 31.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Enterprise Financial Services Corp's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.