Latest Ratios: P/E Ratio 10.0x · EV/EBITDA 7.9x · ROE 12.6%. (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 | $187M | $160M | $138M | $108M | $119M | $144M | $109M | $115M | $101M | $120M | $109M |
| Enterprise Value | $200M | $173M | $203M | $175M | $155M | $-16509120 | $46M | $144M | $139M | $170M | $161M |
| P/E Ratio → | 9.99 | 8.53 | 10.62 | 8.89 | 12.01 | 7.97 | 5.58 | 10.85 | 9.72 | 27.47 | 12.16 |
| P/S Ratio | 1.95 | 1.67 | 1.56 | 1.39 | 2.09 | 2.31 | 1.63 | 2.18 | 2.08 | 3.25 | 2.46 |
| P/B Ratio | 1.17 | 1.00 | 1.02 | 0.85 | 1.07 | 1.06 | 0.86 | 1.06 | 1.10 | 1.37 | 1.28 |
| P/FCF | 8.89 | 7.62 | 11.61 | 9.34 | 4.97 | 4.81 | 7.52 | 14.30 | 5.04 | 74.60 | 5.89 |
| P/OCF | 8.64 | 7.41 | 9.72 | 8.61 | 4.79 | 4.61 | 7.34 | 12.67 | 4.74 | 39.23 | 5.71 |
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 | — | 1.80 | 2.28 | 2.25 | 2.72 | -0.27 | 0.70 | 2.72 | 2.85 | 4.60 | 3.66 |
| EV / EBITDA | 7.90 | 6.84 | 12.21 | 10.14 | 11.14 | -0.65 | 1.73 | 10.04 | 10.14 | 29.50 | 11.68 |
| EV / EBIT | 8.66 | 7.50 | 14.37 | 12.37 | 13.68 | -0.72 | 1.91 | 11.88 | 11.99 | 48.93 | 14.31 |
| EV / FCF | — | 8.23 | 17.00 | 15.12 | 6.47 | -0.55 | 3.21 | 17.84 | 6.93 | 105.72 | 8.76 |
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 | 71.2% | 71.2% | 65.6% | 72.1% | 92.4% | 96.8% | 90.9% | 84.6% | 86.1% | 89.1% | 91.6% |
| Operating Margin | 24.0% | 24.0% | 15.9% | 18.2% | 19.9% | 36.8% | 36.5% | 22.9% | 23.8% | 9.4% | 25.6% |
| Net Profit Margin | 19.6% | 19.6% | 14.7% | 15.7% | 17.4% | 29.0% | 29.3% | 20.1% | 21.4% | 11.8% | 20.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.6% | 12.6% | 9.9% | 10.3% | 8.0% | 13.7% | 16.6% | 10.6% | 11.6% | 5.1% | 10.8% |
| ROA | 1.2% | 1.2% | 0.8% | 0.8% | 0.7% | 1.4% | 1.8% | 1.1% | 1.1% | 0.5% | 1.0% |
| ROIC | 8.3% | 8.3% | 4.7% | 5.2% | 4.8% | 10.5% | 11.9% | 6.1% | 5.7% | 1.7% | 5.5% |
| ROCE | 3.1% | 3.1% | 6.1% | 6.9% | 6.7% | 14.9% | 17.2% | 9.1% | 8.5% | 2.3% | 7.3% |
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 | 0.21 | 0.21 | 0.65 | 0.78 | 0.61 | 0.27 | 0.22 | 0.39 | 0.62 | 0.76 | 0.86 |
| Debt / EBITDA | 1.33 | 1.33 | 5.34 | 5.72 | 4.91 | 1.43 | 1.04 | 2.94 | 4.15 | 11.56 | 5.27 |
| Net Debt / Equity | — | 0.08 | 0.47 | 0.53 | 0.32 | -1.18 | -0.49 | 0.26 | 0.41 | 0.57 | 0.62 |
| Net Debt / EBITDA | 0.50 | 0.50 | 3.87 | 3.87 | 2.59 | -6.30 | -2.32 | 1.99 | 2.76 | 8.68 | 3.83 |
| Debt / FCF | — | 0.61 | 5.38 | 5.77 | 1.51 | -5.37 | -4.31 | 3.53 | 1.88 | 31.12 | 2.87 |
| Interest Coverage | 0.91 | 0.91 | 0.50 | 0.66 | 2.60 | 15.16 | 8.77 | 1.79 | 2.16 | 0.97 | 3.53 |
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 | 1.01 | 1.01 | 0.04 | 0.39 | 0.41 | 0.50 | 0.38 | 0.45 | 0.49 | 0.53 | 0.56 |
| Quick Ratio | 1.01 | 1.01 | 0.04 | 0.39 | 0.41 | 0.50 | 0.38 | 0.45 | 0.49 | 0.53 | 0.56 |
| Cash Ratio | 0.06 | 0.06 | 0.02 | 0.02 | 0.02 | 0.17 | 0.09 | 0.02 | 0.02 | 0.02 | 0.03 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.05 | 0.06 | 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 | 2.6% | 3.0% | 3.3% | 4.0% | 3.5% | 2.7% | 3.3% | 3.0% | 3.3% | 2.6% | 2.7% |
| Payout Ratio | 25.9% | 25.9% | 35.5% | 35.9% | 42.5% | 21.2% | 18.6% | 32.9% | 31.9% | 71.1% | 32.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.0% | 11.7% | 9.4% | 11.2% | 8.3% | 12.6% | 17.9% | 9.2% | 10.3% | 3.6% | 8.2% |
| FCF Yield | 11.2% | 13.1% | 8.6% | 10.7% | 20.1% | 20.8% | 13.3% | 7.0% | 19.8% | 1.3% | 17.0% |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.1% | 1.0% | 0.0% | 2.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.6% | 3.0% | 3.6% | 4.1% | 4.6% | 2.7% | 5.5% | 3.1% | 3.3% | 2.6% | 2.7% |
| Shares Outstanding | — | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M |
Regional agricultural credit concentration
With a P/B ratio of 1.22, Landmark Bancorp is currently valued by the market as a stable, low-volatility utility rather than a high-growth franchise, a sentiment supported by its consistent dividend yield of 2.5% and historical price-to-book trends observed in recent regulatory filings.
The current valuation suggests that investors are prioritizing capital preservation over aggressive expansion, likely due to the bank's extreme geographic concentration in Kansas. The lack of a forward P/E multiple in the data warrants further investigation into whether the market is discounting the bank's ability to sustain earnings growth in a higher-for-longer interest rate environment.
According to quarterly financial data, Landmark Bancorp's ROE has remained modest, hovering near 3.1% in 2026Q1, which reflects a conservative leverage profile and a reliance on core spread income that appears to be limited by the bank's current asset utilization efficiency.
The DuPont decomposition indicates that profitability is primarily driven by NIM rather than aggressive leverage, as evidenced by the stable equity-to-assets ratio of 0.10. While this conservative stance protects the balance sheet, it may also limit the bank's ability to generate superior returns on equity compared to more aggressive regional peers.
As reported in recent financial statements, Landmark Bancorp has achieved a gradual improvement in NIM to 0.9% by 2026Q1, though this progress is partially offset by an efficiency ratio that has fluctuated between 45.4% and 53.5% over the last ten quarters.
The bank's ability to maintain a relatively efficient cost structure while navigating a high fixed-cost branch network is a critical indicator of operational health. Investors should monitor whether the recent NIM gains are sustainable or if rising deposit betas in the Kansas market will eventually compress these margins.
Based on reported figures, the bank's equity-to-assets ratio has steadily increased from 0.08 in 2024Q1 to 0.10 in 2026Q1, indicating a robust capital buffer that provides significant protection against potential regional economic volatility or localized credit shocks.
This conservative capitalization strategy appears to be a deliberate management choice to prioritize long-term solvency over short-term capital returns. Such a strong capital position may provide the bank with the flexibility to navigate future agricultural sector stress without needing to dilute existing shareholders.
The P/E ratio is the most commonly misapplied metric for Landmark Bancorp, as it fails to account for the non-cash volatility inherent in mortgage servicing rights and CECL-driven provision adjustments that frequently distort the bank's reported quarterly earnings.
Investors should instead focus on P/TBV and core NIM trends to better understand the underlying profitability of the bank's spread-based business model. Relying on P/E may lead to an inaccurate assessment of the bank's valuation, as it ignores the cyclical nature of fee-based income and the subjective nature of credit loss provisioning.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying LARK stock.
Landmark Bancorp, Inc.'s current P/E ratio is 10.0x. The historical average is 13.7x. This places it at the 27th percentile of its historical range.
Landmark Bancorp, Inc.'s current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.6x.
Landmark Bancorp, Inc.'s return on equity (ROE) is 12.6%. The historical average is 9.8%.
Based on historical data, Landmark Bancorp, Inc. is trading at a P/E of 10.0x. This is at the 27th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Landmark Bancorp, Inc.'s current dividend yield is 2.59% with a payout ratio of 25.9%.
Landmark Bancorp, Inc. has 71.2% gross margin and 24.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Landmark Bancorp, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.