Latest Ratios: P/E Ratio 14.4x · EV/EBITDA 7.4x · ROE 9.0%. (2012–2025 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 | $313M | $254M | $231M | $259M | $282M | $287M | $208M | $259M | $226M | $202M | $147M |
| Enterprise Value | $210M | $152M | $217M | $312M | $495M | $102M | $148M | $289M | $207M | $204M | $189M |
| P/E Ratio → | 14.36 | 11.50 | 15.33 | 67.62 | 11.30 | 13.12 | 13.36 | 16.45 | 20.72 | 26.45 | 21.08 |
| P/S Ratio | 2.56 | 2.08 | 2.07 | 2.82 | 3.38 | 4.01 | 3.02 | 3.79 | 4.27 | 4.73 | 4.41 |
| P/B Ratio | 1.25 | 1.00 | 0.98 | 1.19 | 1.39 | 1.37 | 1.10 | 1.45 | 1.43 | 2.06 | 1.84 |
| P/FCF | 13.13 | 10.67 | 12.78 | 16.12 | 12.69 | 15.13 | 14.32 | 13.55 | 17.93 | 20.25 | 16.06 |
| P/OCF | 13.10 | 10.65 | 12.68 | 15.91 | 12.60 | 14.75 | 13.98 | 13.34 | 16.93 | 19.28 | 15.58 |
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 | — | 1.24 | 1.94 | 3.40 | 5.93 | 1.42 | 2.15 | 4.23 | 3.91 | 4.77 | 5.69 |
| EV / EBITDA | 7.35 | 5.30 | 9.53 | 64.68 | 15.64 | 3.49 | 7.17 | 13.74 | 15.07 | 13.52 | 17.14 |
| EV / EBIT | 7.44 | 5.37 | 9.72 | 73.78 | 15.99 | 3.60 | 7.52 | 14.45 | 15.77 | 14.04 | 18.03 |
| EV / FCF | — | 6.37 | 11.97 | 19.44 | 22.29 | 5.36 | 10.19 | 15.12 | 16.41 | 20.42 | 20.72 |
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 | 53.9% | 53.9% | 48.3% | 43.0% | 78.4% | 86.0% | 71.7% | 70.2% | 73.5% | 78.0% | 79.4% |
| Operating Margin | 23.1% | 23.1% | 20.0% | 4.6% | 37.1% | 39.5% | 28.5% | 29.3% | 24.8% | 34.0% | 31.6% |
| Net Profit Margin | 18.1% | 18.1% | 13.5% | 4.2% | 29.9% | 30.7% | 22.5% | 23.2% | 20.5% | 18.0% | 20.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.0% | 9.0% | 6.7% | 1.8% | 12.1% | 11.0% | 8.4% | 9.4% | 8.5% | 8.6% | 9.1% |
| ROA | 1.0% | 1.0% | 0.7% | 0.2% | 1.1% | 1.1% | 0.9% | 1.1% | 0.9% | 0.8% | 0.8% |
| ROIC | 7.2% | 7.2% | 5.2% | 0.8% | 6.1% | 7.9% | 5.7% | 7.1% | 6.4% | 8.6% | 5.7% |
| ROCE | 9.9% | 9.9% | 8.5% | 1.8% | 13.1% | 11.6% | 8.5% | 10.0% | 8.6% | 12.8% | 11.9% |
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 | 0.10 | 0.10 | 0.32 | 0.52 | 1.46 | 0.27 | 0.43 | 0.35 | 0.15 | 0.25 | 0.64 |
| Debt / EBITDA | 0.88 | 0.88 | 3.36 | 23.59 | 9.31 | 1.91 | 3.94 | 3.00 | 1.78 | 1.61 | 4.64 |
| Net Debt / Equity | — | -0.40 | -0.06 | 0.25 | 1.05 | -0.88 | -0.32 | 0.17 | -0.12 | 0.02 | 0.53 |
| Net Debt / EBITDA | -3.58 | -3.58 | -0.64 | 11.05 | 6.74 | -6.38 | -2.90 | 1.43 | -1.39 | 0.12 | 3.85 |
| Debt / FCF | — | -4.30 | -0.81 | 3.32 | 9.60 | -9.78 | -4.12 | 1.57 | -1.52 | 0.18 | 4.66 |
| Interest Coverage | 0.52 | 0.52 | 0.39 | 0.08 | 2.01 | 2.69 | 1.36 | 1.07 | 1.08 | 1.77 | 1.95 |
Net cash position: cash ($128M) exceeds total debt ($25M)
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 | 0.07 | 0.07 | 0.14 | 0.13 | 0.18 | 0.31 | 0.18 | 0.14 | 0.15 | 0.15 | 0.15 |
| Quick Ratio | 0.07 | 0.07 | 0.14 | 0.13 | 0.18 | 0.31 | 0.18 | 0.14 | 0.15 | 0.15 | 0.15 |
| Cash Ratio | 0.06 | 0.06 | 0.05 | 0.03 | 0.04 | 0.12 | 0.09 | 0.03 | 0.04 | 0.02 | 0.01 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 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 | 0.7% | 0.9% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 9.8% | 9.8% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.0% | 8.7% | 6.5% | 1.5% | 8.8% | 7.6% | 7.5% | 6.1% | 4.8% | 3.8% | 4.7% |
| FCF Yield | 7.6% | 9.4% | 7.8% | 6.2% | 7.9% | 6.6% | 7.0% | 7.4% | 5.6% | 4.9% | 6.2% |
| Buyback Yield | 2.1% | 2.6% | 0.0% | 0.6% | 0.3% | 0.0% | 3.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 3.5% | 0.0% | 0.6% | 0.3% | 0.0% | 3.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $18M | $18M | $18M | $18M | $18M | $18M | $19M | $16M | $14M | $14M |
CRE and funding concentration
Based on recent market data, FVCB trades at a P/B of 1.26, which suggests that investors are pricing in a premium relative to peers like MainStreet Bancshares, despite the bank's modest return on equity profile and the absence of a meaningful dividend yield for income-focused shareholders.
The current valuation appears to reflect market confidence in the bank's specialized GovCon niche rather than its immediate earnings power. Investors should monitor whether this premium is sustainable if the return on tangible equity does not expand significantly beyond current levels.
As reported in financial statements, FVCB's ROE has hovered near 2.5% in 2026Q1, a level that indicates significant profitability headwinds when compared to the broader regional banking sector and suggests that the bank's current asset utilization is not yet generating optimal shareholder returns.
The DuPont decomposition reveals that the bank's profitability is constrained by a narrow net interest margin and a heavy reliance on interest-bearing assets. The lack of significant non-interest income contribution further limits the bank's ability to offset cyclical pressures on its core lending operations.
According to quarterly filings, FVCB maintained an efficiency ratio of 32.2% in 2026Q1, which demonstrates disciplined overhead management, yet the stagnant 0.7% net interest margin suggests that funding costs remain a persistent drag on the bank's ability to translate revenue growth into bottom-line expansion.
While the bank has successfully controlled its operating expenses, the inability to expand margins in a high-rate environment warrants further investigation into deposit beta sensitivity. The reliance on commercial deposits may continue to pressure the net interest margin if competitive pricing in the D.C. market intensifies.
Based on comparative analysis, FVCB's P/B ratio of 1.26 sits above the 0.88 multiple observed at MainStreet Bancshares, indicating that the market may be assigning a higher valuation to FVCB's specific geographic focus despite its lower relative ROE compared to the broader peer group.
The valuation gap suggests that investors are currently prioritizing the bank's niche market position over its immediate profitability metrics. Analysts should consider whether this divergence is structural or if it represents a mispricing that may correct as the bank's credit cycle matures.
Financial analysts frequently misapply the P/E ratio to FVCB, as this metric obscures the volatility inherent in provision expenses and the impact of CECL accounting adjustments on quarterly earnings, which can lead to a distorted view of the bank's true underlying earnings power.
Investors should instead focus on P/TBV and ROE, as these metrics provide a more accurate assessment of capital efficiency and franchise value. Relying on P/E in a banking context often ignores the capital adequacy constraints that dictate the bank's long-term growth and dividend capacity.
Includes 30+ ratios · 14 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FVCB stock.
FVCBankcorp, Inc.'s current P/E ratio is 14.4x. The historical average is 23.0x. This places it at the 31th percentile of its historical range.
FVCBankcorp, Inc.'s current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.2x.
FVCBankcorp, Inc.'s return on equity (ROE) is 9.0%. The historical average is 7.6%.
Based on historical data, FVCBankcorp, Inc. is trading at a P/E of 14.4x. This is at the 31th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
FVCBankcorp, Inc.'s current dividend yield is 0.68% with a payout ratio of 9.8%.
FVCBankcorp, Inc. has 53.9% gross margin and 23.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
FVCBankcorp, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.