Latest Ratios: P/E Ratio 11.9x · EV/EBITDA 9.8x · ROE 11.5%. (2004–2025 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 | $5.8B | $5.5B | $5.7B | $5.1B | $4.4B | $4.0B | $3.2B | $3.3B | $2.8B | $3.5B | $3.9B |
| Enterprise Value | $6.0B | $5.8B | $6.0B | $6.0B | $4.9B | $1.3B | $2.9B | $3.9B | $4.2B | $4.7B | $5.2B |
| P/E Ratio → | 11.90 | 11.53 | 14.08 | 13.06 | 14.52 | 12.55 | 14.98 | 11.36 | 9.45 | 26.12 | 22.04 |
| P/S Ratio | 4.20 | 4.00 | 3.90 | 3.87 | 4.29 | 5.34 | 4.14 | 4.08 | 3.65 | 5.79 | 7.56 |
| P/B Ratio | 1.32 | 1.28 | 1.43 | 1.35 | 1.26 | 1.45 | 1.24 | 1.31 | 1.21 | 1.60 | 2.94 |
| P/FCF | 15.32 | 14.56 | 13.41 | 14.38 | 11.29 | 10.59 | 11.50 | 14.19 | 9.67 | 26.12 | 22.64 |
| P/OCF | 14.47 | 13.75 | 12.29 | 13.53 | 10.76 | 10.31 | 11.04 | 13.33 | 9.41 | 25.15 | 22.24 |
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 | — | 4.19 | 4.10 | 4.54 | 4.77 | 1.70 | 3.72 | 4.88 | 5.35 | 7.72 | 10.02 |
| EV / EBITDA | 9.79 | 9.32 | 10.80 | 11.09 | 11.59 | 2.92 | 9.73 | 9.75 | 10.06 | 16.34 | 17.42 |
| EV / EBIT | 10.05 | 9.58 | 11.40 | 11.76 | 12.52 | 3.06 | 10.43 | 10.24 | 10.55 | 17.35 | 18.32 |
| EV / FCF | — | 15.27 | 14.11 | 16.85 | 12.55 | 3.37 | 10.34 | 16.98 | 14.18 | 34.86 | 30.00 |
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 | 77.3% | 77.3% | 65.6% | 73.0% | 82.6% | 93.7% | 71.4% | 80.7% | 83.5% | 82.2% | 90.5% |
| Operating Margin | 43.8% | 43.8% | 36.0% | 38.6% | 38.1% | 55.4% | 35.7% | 47.7% | 50.7% | 44.5% | 54.7% |
| Net Profit Margin | 34.6% | 34.6% | 27.7% | 29.6% | 29.5% | 42.4% | 27.6% | 35.8% | 38.5% | 22.2% | 34.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 11.5% | 10.4% | 10.7% | 9.7% | 11.9% | 8.4% | 11.9% | 13.2% | 7.6% | 14.0% |
| ROA | 2.1% | 2.1% | 1.8% | 1.7% | 1.5% | 1.9% | 1.4% | 1.9% | 2.0% | 1.1% | 1.9% |
| ROIC | 8.7% | 8.7% | 7.2% | 7.4% | 7.0% | 8.7% | 5.8% | 7.2% | 7.1% | 5.9% | 7.6% |
| ROCE | 11.5% | 11.5% | 9.8% | 10.1% | 9.7% | 12.1% | 8.1% | 10.0% | 9.8% | 8.3% | 10.5% |
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 | 0.22 | 0.22 | 0.30 | 0.50 | 0.35 | 0.33 | 0.36 | 0.45 | 0.84 | 0.82 | 1.12 |
| Debt / EBITDA | 1.51 | 1.51 | 2.18 | 3.47 | 2.86 | 2.09 | 3.15 | 2.81 | 4.79 | 6.31 | 5.00 |
| Net Debt / Equity | — | 0.06 | 0.07 | 0.23 | 0.14 | -0.99 | -0.12 | 0.26 | 0.56 | 0.53 | 0.96 |
| Net Debt / EBITDA | 0.43 | 0.43 | 0.53 | 1.63 | 1.16 | -6.28 | -1.09 | 1.60 | 3.20 | 4.10 | 4.28 |
| Debt / FCF | — | 0.71 | 0.69 | 2.47 | 1.26 | -7.22 | -1.16 | 2.79 | 4.51 | 8.74 | 7.36 |
| Interest Coverage | 1.47 | 1.47 | 1.16 | 1.47 | 3.31 | 7.98 | 2.97 | 2.49 | 3.18 | 4.21 | 9.24 |
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 | 0.13 | 0.13 | 0.16 | 0.27 | 0.27 | 0.47 | 0.29 | 0.23 | 0.22 | 0.22 | 0.19 |
| Quick Ratio | 0.13 | 0.13 | 0.16 | 0.27 | 0.27 | 0.47 | 0.29 | 0.23 | 0.22 | 0.22 | 0.19 |
| Cash Ratio | 0.04 | 0.04 | 0.05 | 0.06 | 0.04 | 0.25 | 0.10 | 0.04 | 0.06 | 0.06 | 0.03 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 |
| 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 | 2.8% | 2.9% | 2.6% | 2.8% | 2.9% | 2.3% | 2.7% | 2.6% | 2.8% | 1.7% | 1.2% |
| Payout Ratio | 33.4% | 33.4% | 37.3% | 37.1% | 42.1% | 28.9% | 40.9% | 29.6% | 26.6% | 44.7% | 27.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.4% | 8.7% | 7.1% | 7.7% | 6.9% | 8.0% | 6.7% | 8.8% | 10.6% | 3.8% | 4.5% |
| FCF Yield | 6.5% | 6.9% | 7.5% | 7.0% | 8.9% | 9.4% | 8.7% | 7.0% | 10.3% | 3.8% | 4.4% |
| Buyback Yield | 1.4% | 1.5% | 1.5% | 0.9% | 1.6% | 1.1% | 0.8% | 2.6% | 3.7% | 0.6% | 0.3% |
| Total Shareholder Yield | 4.2% | 4.4% | 4.2% | 3.8% | 4.5% | 3.4% | 3.5% | 5.2% | 6.5% | 2.3% | 1.5% |
| Shares Outstanding | — | $198M | $200M | $203M | $195M | $165M | $165M | $168M | $174M | $152M | $141M |
CRE Concentration Sensitivity
According to recent market data, Home Bancshares trades at a P/B of 1.35, which suggests that investors are assigning a premium to the bank's historical M&A execution and its ability to maintain superior profitability relative to regional peers despite the inherent risks in its construction-heavy loan portfolio.
The current valuation appears to price the bank as a high-performing franchise rather than a commodity balance sheet, likely reflecting confidence in management's ability to extract value from the Happy State Bank integration. Investors should monitor whether this premium holds if the bank's ROTCE expectations face pressure from a potential slowdown in the Florida real estate market.
As reported in financial statements, the bank's ROE has remained stable near 2.7% in 2026Q1, a performance driven by a disciplined efficiency ratio of 32.1% and a consistent NIM that highlights the bank's structural advantage in funding high-yield construction loans with low-cost, legacy Arkansas deposits.
The decomposition of profitability suggests that the bank's core earnings power is derived from its ability to maintain a lean operating structure while deploying capital into higher-yielding assets. This efficiency appears to be a primary driver of the bank's ability to sustain profitability even when interest rate volatility pressures the broader regional banking sector.
Based on reported figures, the equity-to-assets ratio of 19% as of 2026Q1 indicates a robust capital position that provides a significant buffer against potential credit deterioration, allowing the bank to maintain strategic flexibility for future acquisitions or capital returns without compromising its regulatory standing.
The bank's capital adequacy appears to be a core strength, providing a substantial cushion against the risks associated with its concentrated commercial real estate and construction loan portfolios. This fortress-like capital structure suggests that the bank is well-positioned to navigate potential economic headwinds while continuing to support its dividend and share repurchase programs.
Investors frequently misapply the P/E ratio to Home Bancshares, as reported in various research notes, because it obscures the significant impact of purchase accounting accretion and volatile loan loss provisions that can artificially inflate or deflate earnings in any given quarter, masking the bank's true core profitability.
The P/E ratio fails to account for the non-cash gains associated with acquired loan portfolios, which can lead to a distorted view of the bank's underlying earnings quality. Analysts should instead prioritize P/TBV and adjusted ROTCE to better assess the bank's valuation and operational performance, as these metrics are less sensitive to the accounting noise inherent in an M&A-heavy growth strategy.
Includes 30+ ratios · 22 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HOMB stock.
Home Bancshares, Inc.'s current P/E ratio is 11.9x. The historical average is 20.6x. This places it at the 15th percentile of its historical range.
Home Bancshares, Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.4x.
Home Bancshares, Inc.'s return on equity (ROE) is 11.5%. The historical average is 9.8%.
Based on historical data, Home Bancshares, Inc. is trading at a P/E of 11.9x. This is at the 15th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Home Bancshares, Inc.'s current dividend yield is 2.80% with a payout ratio of 33.4%.
Home Bancshares, Inc. has 77.3% gross margin and 43.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Home Bancshares, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.