Latest Ratios: P/E Ratio 18.9x · EV/EBITDA 14.9x · ROE 14.0%. (1998–2025 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 | $590M | $378M | $574M | $507M | $386M | $239M | $190M | $251M | $289M | $232M | $138M |
| Enterprise Value | $534M | $322M | $580M | $356M | $486M | $108M | $171M | $240M | $279M | $243M | $166M |
| P/E Ratio → | 18.94 | 12.14 | 23.25 | 16.46 | 13.73 | 9.97 | 10.14 | 14.42 | 19.94 | 20.61 | 15.36 |
| P/S Ratio | 4.44 | 2.85 | 4.88 | 5.24 | 5.10 | 3.52 | 3.07 | 4.59 | 6.23 | 5.81 | 3.97 |
| P/B Ratio | 2.47 | 1.58 | 2.79 | 2.77 | 2.45 | 1.60 | 1.48 | 2.24 | 3.01 | 2.77 | 1.86 |
| P/FCF | 21.63 | 13.87 | 24.53 | 19.10 | 11.24 | 9.03 | 7.43 | 11.94 | 14.22 | 16.57 | 10.38 |
| P/OCF | 21.09 | 13.52 | 23.04 | 18.05 | 10.91 | 8.63 | 7.12 | 11.62 | 14.00 | 16.48 | 10.16 |
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 | — | 2.42 | 4.93 | 3.68 | 6.42 | 1.58 | 2.76 | 4.40 | 6.00 | 6.08 | 4.78 |
| EV / EBITDA | 14.94 | 9.01 | 20.90 | 9.70 | 14.39 | 3.79 | 7.62 | 11.10 | 14.56 | 15.59 | 13.55 |
| EV / EBIT | 15.39 | 9.29 | 21.62 | 9.93 | 14.76 | 3.90 | 7.87 | 11.43 | 15.06 | 16.26 | 14.28 |
| EV / FCF | — | 11.80 | 24.78 | 13.39 | 14.15 | 4.06 | 6.68 | 11.43 | 13.69 | 17.37 | 12.51 |
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 | 55.7% | 55.7% | 54.5% | 76.9% | 88.5% | 86.5% | 80.0% | 85.4% | 88.1% | 87.5% | 87.8% |
| Operating Margin | 26.1% | 26.1% | 22.8% | 37.0% | 43.5% | 40.6% | 35.1% | 38.5% | 39.9% | 37.4% | 33.5% |
| Net Profit Margin | 23.4% | 23.4% | 21.1% | 31.8% | 37.0% | 35.2% | 30.2% | 32.0% | 31.0% | 28.0% | 25.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.0% | 14.0% | 12.7% | 18.1% | 18.2% | 17.2% | 15.5% | 16.8% | 16.0% | 14.2% | 12.7% |
| ROA | 1.1% | 1.1% | 0.9% | 1.2% | 1.2% | 1.2% | 1.3% | 1.4% | 1.4% | 1.2% | 1.1% |
| ROIC | 6.7% | 6.7% | 6.3% | 9.5% | 9.8% | 12.7% | 11.3% | 12.7% | 12.2% | 9.6% | 7.6% |
| ROCE | 10.7% | 10.7% | 10.2% | 17.4% | 17.5% | 18.1% | 16.6% | 17.5% | 16.8% | 14.9% | 12.9% |
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 | 0.54 | 0.54 | 0.97 | 0.27 | 1.10 | 0.15 | 0.20 | 0.19 | 0.19 | 0.35 | 0.62 |
| Debt / EBITDA | 3.58 | 3.58 | 7.18 | 1.35 | 5.13 | 0.80 | 1.13 | 1.00 | 0.95 | 1.90 | 3.78 |
| Net Debt / Equity | — | -0.24 | 0.03 | -0.83 | 0.63 | -0.88 | -0.15 | -0.10 | -0.11 | 0.13 | 0.38 |
| Net Debt / EBITDA | -1.58 | -1.58 | 0.21 | -4.13 | 2.96 | -4.64 | -0.85 | -0.50 | -0.56 | 0.71 | 2.31 |
| Debt / FCF | — | -2.07 | 0.25 | -5.70 | 2.91 | -4.97 | -0.74 | -0.51 | -0.53 | 0.80 | 2.13 |
| Interest Coverage | 0.60 | 0.60 | 0.51 | 1.53 | 6.05 | 5.33 | 2.57 | 3.33 | 4.61 | 4.85 | 4.51 |
Net cash position: cash ($185M) exceeds total debt ($128M)
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 | 0.19 | 0.19 | 0.22 | 0.21 | 0.21 | 0.28 | 0.18 | 0.14 | 0.15 | 0.13 | 0.16 |
| Quick Ratio | 0.19 | 0.19 | 0.22 | 0.21 | 0.21 | 0.28 | 0.18 | 0.14 | 0.15 | 0.13 | 0.16 |
| Cash Ratio | 0.07 | 0.07 | 0.08 | 0.08 | 0.03 | 0.08 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.03 | 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 | 0.8% | 1.2% | 0.6% | 0.4% | 0.7% | 1.0% | 1.2% | 0.8% | 0.5% | 0.8% | 1.3% |
| Payout Ratio | 14.4% | 14.4% | 13.1% | 7.1% | 9.4% | 10.1% | 12.0% | 11.7% | 10.6% | 17.2% | 20.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 8.2% | 4.3% | 6.1% | 7.3% | 10.0% | 9.9% | 6.9% | 5.0% | 4.9% | 6.5% |
| FCF Yield | 4.6% | 7.2% | 4.1% | 5.2% | 8.9% | 11.1% | 13.5% | 8.4% | 7.0% | 6.0% | 9.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.8% | 1.2% | 0.6% | 0.4% | 0.7% | 1.0% | 1.5% | 0.8% | 0.5% | 0.8% | 1.3% |
| Shares Outstanding | — | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $17M |
CRE concentration in Hudson Valley
According to recent market data, GCBC trades at a P/B ratio of 2.34, which significantly exceeds the multiples of regional peers like TRST and NBTB, suggesting that investors are pricing in a substantial conversion premium due to the bank's unique mutual holding company structure.
The elevated P/B multiple implies that the market views the MHC structure as a source of long-term stability rather than a constraint on capital return. Investors should monitor whether this premium is sustainable if the bank's ROE remains in the low single digits, as the current valuation appears to rely heavily on the potential for a future second-step conversion.
As reported in financial statements, GCBC's ROE has hovered between 3.0% and 4.1% over the last ten quarters, a performance level that appears modest when compared to the double-digit returns generated by more aggressive, fully public regional banking competitors in the New York market.
The DuPont decomposition suggests that profitability is heavily influenced by the bank's conservative leverage profile and reliance on low-cost municipal deposits. While this approach limits volatility, it also restricts the bank's ability to drive higher ROE through balance sheet expansion, indicating that profitability is a secondary priority to institutional preservation.
Based on the reported figures, GCBC maintained a consistent NIM of 0.6% through 2026Q3, while simultaneously improving its efficiency ratio to 31.1%, demonstrating an effective operational strategy that leverages existing branch infrastructure to manage costs despite a challenging interest rate environment for regional lenders.
The bank's ability to keep the efficiency ratio near 30% suggests strong cost control, which is essential given the structural limitations on NIM expansion. This operational discipline appears to be the primary driver of earnings stability, allowing the bank to remain profitable even as deposit betas potentially rise in the competitive Albany and Hudson Valley markets.
Data from recent quarterly reports indicates that GCBC maintains a consistent equity-to-assets ratio of approximately 8%, a level that reflects the bank's conservative capital management philosophy and its commitment to maintaining a fortress-like balance sheet within its mutual holding company framework.
This capital adequacy level provides a significant buffer against potential credit losses in the CRE portfolio, though it may also signal a lack of aggressive capital deployment. The bank's focus on maintaining this ratio suggests that management prioritizes regulatory safety and long-term solvency over the optimization of capital returns to minority shareholders.
Investors frequently misapply the P/E ratio to GCBC, failing to account for the distortive effects of the MHC structure and the bank's conservative provisioning, which can artificially depress earnings and make the stock appear more expensive than its underlying operational performance would otherwise justify.
The P/E ratio is a poor metric for this bank because it ignores the structural dividend waivers and the long-term capital preservation strategy inherent in the MHC model. Analysts should instead focus on P/TBV and the stability of the municipal deposit base, as these metrics provide a more accurate reflection of the bank's intrinsic value and liquidity profile.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying GCBC stock.
Greene County Bancorp, Inc.'s current P/E ratio is 18.9x. The historical average is 17.7x. This places it at the 56th percentile of its historical range.
Greene County Bancorp, Inc.'s current EV/EBITDA is 14.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
Greene County Bancorp, Inc.'s return on equity (ROE) is 14.0%. The historical average is 11.0%.
Based on historical data, Greene County Bancorp, Inc. is trading at a P/E of 18.9x. This is at the 56th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Greene County Bancorp, Inc.'s current dividend yield is 0.76% with a payout ratio of 14.4%.
Greene County Bancorp, Inc. has 55.7% gross margin and 26.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Greene County Bancorp, Inc.'s Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.