Latest Ratios: P/E Ratio 17.7x · EV/EBITDA 7.7x · ROE 6.3%. (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 | $134M | $109M | $77M | $69M | $71M | $88M | $77M | $92M | $92M | $105M | $98M |
| Enterprise Value | $71M | $46M | $54M | $50M | $99M | $42M | $64M | $96M | $104M | $118M | $102M |
| P/E Ratio → | 17.72 | 15.27 | 15.62 | 14.18 | 12.38 | 10.48 | 17.14 | 22.60 | 22.69 | 30.90 | 27.95 |
| P/S Ratio | 3.38 | 2.76 | 2.03 | 1.89 | 2.41 | 3.15 | 2.83 | 3.43 | 3.82 | 4.76 | 4.54 |
| P/B Ratio | 0.89 | 0.77 | 0.86 | 0.80 | 0.87 | 1.00 | 0.90 | 1.11 | 1.15 | 1.34 | 1.29 |
| P/FCF | 17.98 | 14.66 | 30.83 | 11.80 | 9.10 | 11.08 | 14.89 | 18.29 | 17.31 | 24.17 | 25.64 |
| P/OCF | 16.72 | 13.63 | 30.83 | 11.06 | 8.65 | 10.26 | 13.83 | 15.75 | 15.00 | 18.03 | 22.84 |
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 | — | 1.17 | 1.43 | 1.38 | 3.36 | 1.51 | 2.35 | 3.60 | 4.34 | 5.34 | 4.73 |
| EV / EBITDA | 7.68 | 5.00 | 8.24 | 7.15 | 12.80 | 5.05 | 10.32 | 17.34 | 19.45 | 21.74 | 19.80 |
| EV / EBIT | 8.09 | 5.27 | 9.28 | 8.06 | 14.40 | 5.64 | 11.94 | 20.30 | 22.73 | 25.80 | 23.79 |
| EV / FCF | — | 6.20 | 21.71 | 8.63 | 12.68 | 5.32 | 12.34 | 19.15 | 19.68 | 27.08 | 26.68 |
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 | 70.9% | 70.9% | 67.8% | 77.0% | 89.3% | 88.1% | 77.9% | 77.2% | 83.4% | 85.8% | 84.2% |
| Operating Margin | 22.1% | 22.1% | 15.4% | 17.1% | 23.3% | 26.8% | 19.7% | 17.7% | 19.1% | 20.7% | 19.9% |
| Net Profit Margin | 18.4% | 18.4% | 12.9% | 13.2% | 19.4% | 22.2% | 16.7% | 15.3% | 16.7% | 15.3% | 16.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 5.6% | 5.8% | 6.7% | 7.1% | 5.4% | 5.0% | 5.1% | 4.4% | 4.7% |
| ROA | 1.0% | 1.0% | 0.7% | 0.7% | 0.8% | 0.9% | 0.7% | 0.7% | 0.8% | 0.7% | 0.7% |
| ROIC | 5.4% | 5.4% | 4.0% | 3.9% | 4.5% | 5.0% | 3.5% | 3.2% | 3.3% | 3.4% | 3.4% |
| ROCE | 2.1% | 2.1% | 4.8% | 4.9% | 5.8% | 6.1% | 4.2% | 3.9% | 4.0% | 4.2% | 4.1% |
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 | 0.01 | 0.01 | 0.11 | 0.41 | 0.46 | 0.25 | 0.35 | 0.42 | 0.31 | 0.34 | 0.25 |
| Debt / EBITDA | 0.14 | 0.14 | 1.55 | 5.02 | 4.86 | 2.63 | 4.78 | 6.24 | 4.60 | 4.98 | 3.68 |
| Net Debt / Equity | — | -0.44 | -0.25 | -0.21 | 0.34 | -0.52 | -0.15 | 0.05 | 0.16 | 0.16 | 0.05 |
| Net Debt / EBITDA | -6.83 | -6.83 | -3.46 | -2.63 | 3.61 | -5.47 | -2.13 | 0.79 | 2.34 | 2.34 | 0.77 |
| Debt / FCF | — | -8.46 | -9.12 | -3.18 | 3.58 | -5.76 | -2.54 | 0.87 | 2.37 | 2.91 | 1.04 |
| Interest Coverage | 0.75 | 0.75 | 0.43 | 0.66 | 2.84 | 2.80 | 1.22 | 0.91 | 1.27 | 1.73 | 1.87 |
Net cash position: cash ($64M) exceeds total debt ($1M)
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 | 200.88 | 200.88 | 0.16 | 0.20 | 0.15 | 0.27 | 0.22 | 0.21 | 0.23 | 0.24 | 0.27 |
| Quick Ratio | 200.88 | 200.88 | 0.16 | 0.20 | 0.15 | 0.27 | 0.22 | 0.21 | 0.23 | 0.24 | 0.27 |
| Cash Ratio | 200.88 | 200.88 | 0.06 | 0.09 | 0.02 | 0.11 | 0.08 | 0.06 | 0.03 | 0.04 | 0.04 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 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% | 0.9% | 1.4% | — | 2.0% | 1.2% | 1.3% | 1.4% | 1.0% | 0.7% | 0.9% |
| Payout Ratio | 14.0% | 14.0% | 21.9% | — | 25.2% | 17.5% | 22.4% | 31.1% | 22.0% | 22.0% | 25.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 6.5% | 6.4% | 7.1% | 8.1% | 9.5% | 5.8% | 4.4% | 4.4% | 3.2% | 3.6% |
| FCF Yield | 5.6% | 6.8% | 3.2% | 8.5% | 11.0% | 9.0% | 6.7% | 5.5% | 5.8% | 4.1% | 3.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 2.6% | 2.1% | 1.5% | 1.6% | 0.3% | 0.5% |
| Total Shareholder Yield | 0.8% | 1.0% | 1.4% | 0.1% | 2.1% | 3.8% | 3.4% | 2.9% | 2.5% | 1.0% | 1.4% |
| Shares Outstanding | — | $7M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M |
Geographic concentration in Western NY
According to recent market data, LSBK trades at a P/B ratio of 0.91, which suggests that investors are pricing the bank below its tangible book value, reflecting skepticism regarding its ability to generate meaningful returns on equity in the current interest rate environment.
The current P/B multiple indicates that the market views LSBK as a commodity balance sheet rather than a premium franchise, likely due to the persistent sub-2% ROE levels. This valuation suggests that the market is not assigning significant value to the bank's MHC structure or its potential for future consolidation, treating it instead as a low-liquidity value play.
Based on the provided quarterly data, the bank's ROE has remained constrained between 1.2% and 2.1%, a trend that appears driven by a combination of compressed net interest margins and an inability to leverage the balance sheet effectively to drive higher returns.
The decomposition of profitability highlights that the bank's reliance on a low-yielding residential mortgage portfolio, coupled with high capital levels, prevents the achievement of competitive ROE. Investors should monitor whether management can shift the asset mix toward higher-yielding commercial loans, as the current profitability profile appears structurally limited by the existing business model.
As reported in financial statements, the net interest margin has hovered between 0.7% and 0.9% over the last ten quarters, indicating that competitive deposit pricing in the local market is effectively neutralizing the bank's ability to capture yield from its interest-earning assets.
The efficiency ratio, which has fluctuated between 46.5% and 54.6%, suggests that the bank's fixed cost base remains a significant drag on performance. Without a meaningful expansion in NIM or a reduction in the cost-to-income ratio, the bank may continue to struggle with limited operating leverage in its current footprint.
Based on recent balance sheet figures, the equity-to-assets ratio has climbed to 0.20, which indicates a highly conservative capital position that, while providing a fortress-like safety net, likely suppresses the bank's overall return on equity and limits the efficiency of capital deployment.
The bank's capital adequacy ratios appear well above regulatory minimums, suggesting that LSBK is significantly over-capitalized for its current risk profile. This excess capital warrants further investigation into why it has not been deployed into higher-yielding assets or returned to shareholders, as it currently acts as a drag on the bank's performance metrics.
The P/E ratio is frequently misapplied to LSBK, as it fails to account for the volatility introduced by negative provision expenses and the structural impact of the MHC dividend waiver, which can artificially inflate earnings and distort the bank's true underlying profitability.
Investors should prioritize the Price-to-Tangible-Book Value (P/TBV) over the P/E ratio, as the latter is highly sensitive to accounting adjustments in the allowance for credit losses. Relying on P/E obscures the bank's core earnings power and ignores the significant capital buffer that defines the institution's actual risk-adjusted value.
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying LSBK stock.
Lake Shore Bancorp, Inc.'s current P/E ratio is 17.7x. The historical average is 21.5x. This places it at the 45th percentile of its historical range.
Lake Shore Bancorp, Inc.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.3x.
Lake Shore Bancorp, Inc.'s return on equity (ROE) is 6.3%. The historical average is 5.4%.
Based on historical data, Lake Shore Bancorp, Inc. is trading at a P/E of 17.7x. This is at the 45th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Lake Shore Bancorp, Inc.'s current dividend yield is 0.81% with a payout ratio of 14.0%.
Lake Shore Bancorp, Inc. has 70.9% gross margin and 22.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Lake Shore Bancorp, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.