Latest Ratios: P/E Ratio 14.7x · EV/EBITDA 7.3x · ROE 9.7%. (2015–2025 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 | $1.0B | $820M | $657M | $616M | $657M | $988M | $305M | $402M | $258M | $345M | — |
| Enterprise Value | $662M | $438M | $914M | $893M | $657M | $-1314324310 | $-498088540 | $225M | $234M | $151M | — |
| P/E Ratio → | 14.66 | 11.53 | 9.85 | 8.01 | 11.09 | 16.52 | 7.78 | 13.55 | 10.08 | 17.99 | — |
| P/S Ratio | 1.98 | 1.56 | 1.34 | 1.53 | 2.29 | 5.01 | 1.90 | 2.86 | 2.68 | 4.79 | — |
| P/B Ratio | 1.40 | 1.10 | 0.90 | 0.94 | 1.14 | 1.77 | 0.89 | 1.34 | 0.97 | 1.46 | — |
| P/FCF | 12.67 | 9.95 | 4.51 | 16.81 | 9.86 | 29.68 | 3.65 | 12.52 | 10.27 | 11.79 | — |
| P/OCF | 11.77 | 9.25 | 4.43 | 14.53 | 7.65 | 26.50 | 3.49 | 10.32 | 9.52 | 10.96 | — |
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 | — | 0.83 | 1.86 | 2.22 | 2.29 | -6.67 | -3.11 | 1.60 | 2.44 | 2.09 | — |
| EV / EBITDA | 7.31 | 4.84 | 10.67 | 7.83 | 6.17 | -13.89 | -7.97 | 4.92 | 6.14 | 6.13 | — |
| EV / EBIT | 6.52 | 4.31 | 9.42 | 8.36 | 6.78 | -14.67 | -8.60 | 5.10 | 6.37 | 6.38 | — |
| EV / FCF | — | 5.31 | 6.27 | 24.36 | 9.86 | -39.49 | -5.98 | 6.99 | 9.33 | 5.14 | — |
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 | 52.6% | 52.6% | 55.0% | 59.1% | 85.5% | 89.8% | 82.7% | 74.1% | 83.5% | 78.2% | 71.2% |
| Operating Margin | 19.3% | 19.3% | 19.7% | 26.5% | 33.7% | 45.5% | 36.2% | 31.4% | 38.3% | 32.7% | 16.4% |
| Net Profit Margin | 13.5% | 13.5% | 13.5% | 19.2% | 20.7% | 30.7% | 24.7% | 21.5% | 26.6% | 17.2% | 10.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 9.7% | 9.6% | 12.5% | 10.5% | 13.5% | 12.3% | 10.7% | 10.2% | 7.1% | 5.4% |
| ROA | 0.9% | 0.9% | 0.9% | 1.2% | 0.9% | 1.1% | 1.0% | 1.1% | 1.3% | 0.8% | 0.5% |
| ROIC | 7.8% | 7.8% | 6.1% | 7.9% | 10.0% | 13.2% | 9.5% | 6.7% | 7.1% | 7.2% | 3.2% |
| ROCE | 9.2% | 9.2% | 7.3% | 9.2% | 11.9% | 16.5% | 11.8% | 8.6% | 9.3% | 9.3% | 4.2% |
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 | 0.63 | 0.83 | 0.45 | 0.10 | 0.18 | 0.71 | 0.79 | 0.28 | 0.72 |
| Debt / EBITDA | 0.12 | 0.12 | 5.34 | 4.79 | 2.42 | 0.60 | 0.99 | 4.63 | 5.50 | 2.72 | 8.87 |
| Net Debt / Equity | — | -0.51 | 0.35 | 0.42 | 0.00 | -4.13 | -2.36 | -0.59 | -0.09 | -0.82 | -0.04 |
| Net Debt / EBITDA | -4.23 | -4.23 | 3.00 | 2.43 | 0.00 | -24.33 | -12.84 | -3.89 | -0.61 | -7.92 | -0.51 |
| Debt / FCF | — | -4.64 | 1.76 | 7.56 | 0.00 | -69.17 | -9.63 | -5.53 | -0.93 | -6.65 | -0.34 |
| Interest Coverage | 0.48 | 0.48 | 0.45 | 0.70 | 3.07 | 5.50 | 3.19 | 1.37 | 2.89 | 2.72 | 1.32 |
Net cash position: cash ($394M) exceeds total debt ($11M)
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 | 0.04 | 0.06 | 0.06 | 0.46 | 0.31 | 0.24 | 0.17 | 0.22 | 0.14 |
| Quick Ratio | 0.13 | 0.13 | 0.04 | 0.06 | 0.06 | 0.46 | 0.31 | 0.24 | 0.17 | 0.22 | 0.14 |
| Cash Ratio | 0.05 | 0.05 | 0.03 | 0.05 | 0.05 | 0.36 | 0.22 | 0.14 | 0.14 | 0.18 | 0.08 |
| Asset Turnover | — | 0.06 | 0.07 | 0.06 | 0.05 | 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 | 0.3% | 0.4% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 4.4% | 4.4% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 8.7% | 10.2% | 12.5% | 9.0% | 6.1% | 12.8% | 7.4% | 9.9% | 5.6% | — |
| FCF Yield | 7.9% | 10.0% | 22.2% | 6.0% | 10.1% | 3.4% | 27.4% | 8.0% | 9.7% | 8.5% | — |
| Buyback Yield | 7.4% | 9.4% | 0.7% | 0.5% | 0.2% | 0.3% | 0.3% | 0.0% | 0.1% | 0.0% | — |
| Total Shareholder Yield | 7.7% | 9.8% | 0.7% | 0.5% | 0.2% | 0.3% | 0.3% | 0.0% | 0.1% | 0.0% | — |
| Shares Outstanding | — | $11M | $11M | $11M | $11M | $9M | $8M | $8M | $8M | $8M | $8M |
NYC CRE concentration risk
Based on recent market data, MCB trades at a P/B of 1.44, which appears to incorporate a complexity discount relative to regional peers, as investors weigh the bank's specialized BaaS infrastructure against the inherent risks of its concentrated New York metropolitan commercial real estate loan portfolio.
The current valuation suggests that the market remains skeptical of the bank's ability to sustain historical profitability levels following its exit from the crypto-asset vertical. Investors should monitor whether the forward P/E of 9.60 reflects a realistic expectation for earnings recovery or if the market is pricing in a permanent compression of the bank's return on tangible equity.
According to quarterly financial statements, MCB's ROE has remained constrained at 3.7% as of 2026Q1, indicating that the bank's profitability is currently pressured by a combination of lower non-interest income contribution and the ongoing strategic transition away from high-margin, high-risk fintech deposit and fee streams.
The decomposition of ROE suggests that the bank's reliance on interest-earning assets is not yet fully offsetting the loss of fee-based revenue. The modest asset utilization levels appear to be a direct consequence of the bank's conservative capital positioning, which limits the leverage available to amplify returns on equity.
As reported in financial filings, the net interest margin has hovered near 1.0% through 2026Q1, reflecting the structural challenge of maintaining funding cost advantages while the bank navigates a higher interest rate environment and a shifting deposit mix following its strategic pivot away from crypto-related accounts.
The efficiency ratio of 33.7% indicates that management has successfully maintained disciplined cost control despite the significant regulatory and compliance overhead inherent in the BaaS model. However, the narrow NIM suggests that the bank's funding advantage may be less durable than previously anticipated, warranting further investigation into deposit beta sensitivity.
Based on the bank's quarterly filings, the equity-to-assets ratio reached 0.11 in 2026Q1, providing a robust capital buffer that appears sufficient to support the institution's ongoing strategic transition and potential credit volatility within its concentrated New York metropolitan commercial real estate loan book.
This capital position suggests that the bank is prioritizing balance sheet resilience over aggressive growth, which may be a prudent response to the heightened regulatory scrutiny of its payments vertical. Investors should monitor whether this capital strength will eventually be deployed toward more aggressive capital returns or if it remains a necessary defensive posture.
Analysts frequently misapply the P/E ratio to MCB, as the metric is heavily distorted by the volatility of provision expenses and non-recurring gains or losses from the bank's venture activities, which obscures the underlying earnings power of its core commercial lending and payments business.
Using P/E as a primary valuation tool for this institution is misleading because it fails to account for the lumpy nature of non-interest income and the cyclicality of credit provisions. A more appropriate valuation framework would prioritize P/TBV, which better reflects the bank's tangible capital base and its ability to generate returns through its specialized BaaS infrastructure.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying MCB stock.
Metropolitan Bank Holding Corp.'s current P/E ratio is 14.7x. The historical average is 11.8x. This places it at the 78th percentile of its historical range.
Metropolitan Bank Holding Corp.'s current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.7x.
Metropolitan Bank Holding Corp.'s return on equity (ROE) is 9.7%. The historical average is 9.7%.
Based on historical data, Metropolitan Bank Holding Corp. is trading at a P/E of 14.7x. This is at the 78th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Metropolitan Bank Holding Corp.'s current dividend yield is 0.30% with a payout ratio of 4.4%.
Metropolitan Bank Holding Corp. has 52.6% gross margin and 19.3% operating margin. Operating margin between 10-20% is typical for established companies.
Metropolitan Bank Holding Corp.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.