Latest Ratios: P/E Ratio 11.5x · EV/EBITDA 9.0x · ROE 13.6%. (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 | $4.7B | $4.1B | $3.9B | $3.4B | $2.9B | $2.7B | $2.4B | $2.8B | $2.3B | $2.7B | $2.7B |
| Enterprise Value | $4.9B | $4.3B | $4.2B | $3.4B | $1.4B | $492M | $1.4B | $3.6B | $3.1B | $4.1B | $3.8B |
| P/E Ratio → | 11.48 | 10.04 | 9.61 | 8.21 | 9.57 | 10.60 | 14.29 | 13.80 | 10.62 | 16.82 | 20.20 |
| P/S Ratio | 4.48 | 3.93 | 3.77 | 3.48 | 4.03 | 4.34 | 4.14 | 4.37 | 3.63 | 4.69 | 4.92 |
| P/B Ratio | 1.45 | 1.27 | 1.41 | 1.38 | 1.41 | 1.17 | 1.10 | 1.34 | 1.18 | 1.44 | 1.57 |
| P/FCF | 9.55 | 8.36 | 8.56 | 7.56 | 7.79 | 9.57 | 8.01 | 10.03 | 11.00 | 14.53 | 16.46 |
| P/OCF | 9.21 | 8.06 | 8.30 | 7.12 | 7.41 | 9.23 | 7.83 | 9.08 | 9.97 | 13.47 | 13.31 |
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 | — | 4.09 | 4.06 | 3.48 | 1.91 | 0.79 | 2.41 | 5.52 | 4.87 | 7.24 | 6.98 |
| EV / EBITDA | 9.00 | 7.92 | 7.98 | 6.19 | 3.37 | 1.42 | 5.80 | 12.39 | 10.29 | 16.58 | 17.29 |
| EV / EBIT | 9.40 | 8.27 | 8.33 | 6.45 | 3.56 | 1.53 | 6.58 | 13.73 | 11.27 | 18.48 | 19.47 |
| EV / FCF | — | 8.70 | 9.21 | 7.56 | 3.70 | 1.75 | 4.67 | 12.66 | 14.73 | 22.44 | 23.33 |
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 | 78.3% | 78.3% | 76.9% | 82.3% | 91.6% | 94.4% | 85.4% | 88.0% | 90.7% | 91.1% | 88.5% |
| Operating Margin | 49.4% | 49.4% | 48.8% | 54.0% | 53.7% | 52.0% | 36.7% | 40.2% | 43.2% | 39.2% | 35.8% |
| Net Profit Margin | 39.1% | 39.1% | 39.2% | 42.4% | 42.1% | 40.9% | 29.0% | 31.7% | 34.2% | 27.8% | 24.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.6% | 13.6% | 15.6% | 18.3% | 13.8% | 11.3% | 7.8% | 10.1% | 11.4% | 8.8% | 7.9% |
| ROA | 2.5% | 2.5% | 2.7% | 2.7% | 1.9% | 1.7% | 1.3% | 1.7% | 1.8% | 1.3% | 1.1% |
| ROIC | 10.5% | 10.5% | 11.7% | 13.7% | 9.7% | 7.4% | 5.0% | 6.3% | 6.2% | 5.0% | 4.7% |
| ROCE | 5.4% | 5.4% | 17.5% | 20.4% | 14.2% | 11.0% | 7.1% | 8.7% | 8.7% | 7.4% | 7.7% |
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 | 0.23 | 0.27 | 0.28 | 0.44 | 0.46 | 0.47 | 0.57 | 0.93 | 0.81 |
| Debt / EBITDA | 1.30 | 1.30 | 1.23 | 1.19 | 1.43 | 2.91 | 4.16 | 3.46 | 3.67 | 6.92 | 6.30 |
| Net Debt / Equity | — | 0.05 | 0.11 | -0.00 | -0.74 | -0.95 | -0.46 | 0.35 | 0.40 | 0.79 | 0.65 |
| Net Debt / EBITDA | 0.31 | 0.31 | 0.57 | -0.00 | -3.74 | -6.33 | -4.16 | 2.57 | 2.61 | 5.85 | 5.09 |
| Debt / FCF | — | 0.34 | 0.66 | -0.00 | -4.10 | -7.82 | -3.34 | 2.63 | 3.74 | 7.91 | 6.87 |
| Interest Coverage | 2.43 | 2.43 | 2.43 | 3.83 | 10.03 | 12.01 | 5.41 | 4.43 | 5.18 | 5.69 | 4.57 |
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 | 1.04 | 1.04 | 0.43 | 0.45 | 0.50 | 0.57 | 0.46 | 0.41 | 0.42 | 0.50 | 0.49 |
| Quick Ratio | 1.04 | 1.04 | 0.43 | 0.45 | 0.50 | 0.57 | 0.46 | 0.41 | 0.42 | 0.50 | 0.49 |
| Cash Ratio | 0.92 | 0.92 | 0.03 | 0.05 | 0.16 | 0.25 | 0.18 | 0.03 | 0.04 | 0.03 | 0.03 |
| Asset Turnover | — | 0.06 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 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 | 1.8% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 21.1% | 21.1% | 20.1% | 19.0% | 25.1% | 28.7% | 41.8% | 33.5% | 23.0% | 27.7% | 29.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.7% | 10.0% | 10.4% | 12.2% | 10.4% | 9.4% | 7.0% | 7.2% | 9.4% | 5.9% | 5.0% |
| FCF Yield | 10.5% | 12.0% | 11.7% | 13.2% | 12.8% | 10.5% | 12.5% | 10.0% | 9.1% | 6.9% | 6.1% |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.9% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $62M | $62M | $62M | $63M | $63M | $64M | $66M | $67M | $67M | $66M |
Geopolitical Trade Corridor Exposure
Based on reported financial data, IBOC trades at a P/B of 1.49, which suggests the market assigns a premium to its fortress balance sheet, though the modest 11.76 TTM P/E indicates investors remain cautious regarding the bank's ability to drive significant earnings growth in the current environment.
The valuation multiples imply that the market views IBOC as a stable, low-beta franchise rather than a high-growth regional player. Investors appear to be pricing in the bank's geographic concentration in the Laredo trade corridor, which may limit multiple expansion despite the institution's superior capital position.
As reported in financial statements, IBOC's ROE has remained compressed between 3.1% and 4.6% over the last ten quarters, reflecting a conservative leverage profile and a reliance on core interest income that has struggled to expand significantly despite the broader interest rate environment.
The decomposition of profitability suggests that IBOC's reliance on a low-leverage model, while safe, inherently limits the return on equity compared to more aggressive peers. The bank's ability to maintain profitability is heavily dependent on its efficiency ratio, which remains a standout feature of its operational performance.
According to recent quarterly filings, IBOC has maintained an efficiency ratio consistently below 30%, with the most recent figure at 29.5%, demonstrating a level of cost control that remains significantly superior to the broader regional banking peer group despite a modest 1.0% net interest margin.
The bank's ability to keep operating expenses low relative to revenue suggests a highly disciplined management of its branch network. However, the narrow NIM indicates that the bank may be sacrificing yield for the sake of deposit stability, which warrants further investigation into its long-term margin sustainability.
Based on reported figures, IBOC maintains an equity-to-assets ratio between 0.16 and 0.20, signaling a fortress capital position that far exceeds regulatory minimums and provides a substantial buffer against potential credit shocks within its specialized commercial loan portfolio in the South Texas border region.
While this capital strength is a clear defensive advantage, it may also indicate a degree of capital inefficiency that could be addressed through more aggressive capital return strategies. Investors should monitor whether management intends to deploy this excess capital to drive organic growth or if it will remain a permanent, underutilized feature of the balance sheet.
The P/E ratio is frequently misapplied to IBOC, as it fails to account for the significant volatility in provision expenses and the bank's conservative, non-leveraged capital structure, which can distort earnings-based valuation metrics and mask the underlying stability of the bank's core trade-finance revenue streams.
Analysts should prioritize P/TBV over P/E when evaluating IBOC, as the latter is overly sensitive to accounting-driven provision swings that do not reflect the bank's actual cash-generating capacity. Relying on P/E may lead to an inaccurate assessment of the bank's franchise value, particularly given its unique geographic moat.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying IBOC stock.
International Bancshares Corporation's current P/E ratio is 11.5x. The historical average is 12.7x. This places it at the 37th percentile of its historical range.
International Bancshares Corporation's current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.1x.
International Bancshares Corporation's return on equity (ROE) is 13.6%. The historical average is 13.4%.
Based on historical data, International Bancshares Corporation is trading at a P/E of 11.5x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
International Bancshares Corporation's current dividend yield is 1.84% with a payout ratio of 21.1%.
International Bancshares Corporation has 78.3% gross margin and 49.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
International Bancshares Corporation's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.