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MGYRMagyar Bancorp, Inc.
$17.75$115M
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  4. Financial Ratios

Magyar Bancorp, Inc. (MGYR) Financial Ratios

Latest Ratios: P/E Ratio 11.4x · EV/EBITDA 10.6x · ROE 8.5%. (2003–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

MGYR Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$115M$108M$78M$66M$84M$69M$39M$56M$58M$59M$47M
Enterprise Value$157M$150M$81M$27M$74M$17M$45M$71M$78M$69M$62M
P/E Ratio →11.3811.0710.028.5410.6211.3417.9718.8428.4641.7943.47
P/S Ratio1.961.841.501.622.622.191.391.952.212.512.12
P/B Ratio0.930.910.710.630.860.710.691.031.121.200.99
P/FCF11.6910.9714.198.067.807.8259.019.8413.3218.015.69
P/OCF11.0410.3612.377.767.537.4748.369.7512.5016.515.57

P/E links to full P/E history page with 30-year chart

MGYR EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—2.561.560.672.290.551.592.462.982.912.76
EV / EBITDA10.6310.146.762.356.141.8111.3613.8717.8621.3524.34
EV / EBIT11.3510.837.312.536.601.9814.4816.7022.2628.5635.14
EV / FCF—15.2414.733.336.821.9667.5412.4117.9620.917.40

MGYR Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin60.3%60.3%60.3%73.7%91.3%85.5%74.7%74.5%78.4%78.4%78.1%
Operating Margin23.6%23.6%21.3%26.4%34.7%27.6%11.0%14.7%13.4%10.2%7.8%
Net Profit Margin16.7%16.7%14.9%18.9%24.6%19.4%7.7%10.3%7.8%6.0%4.9%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE8.5%8.5%7.2%7.6%8.1%7.9%3.9%5.7%4.0%2.9%2.3%
ROA1.0%1.0%0.8%0.9%1.0%0.8%0.3%0.5%0.3%0.2%0.2%
ROIC6.7%6.7%6.0%6.3%7.0%5.3%2.2%3.6%3.1%2.2%1.6%
ROCE8.3%8.3%7.5%7.9%8.6%6.5%2.6%4.4%3.9%2.7%2.0%

MGYR Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.410.410.260.320.210.241.190.660.690.650.76
Debt / EBITDA3.333.332.382.931.702.4417.007.058.149.8714.23
Net Debt / Equity—0.350.03-0.37-0.11-0.530.100.270.390.190.30
Net Debt / EBITDA2.852.850.25-3.34-0.88-5.421.432.874.622.965.62
Debt / FCF—4.280.54-4.73-0.98-5.878.522.574.652.901.71
Interest Coverage0.610.610.541.044.502.970.560.640.750.640.50

MGYR Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio0.040.040.060.110.060.140.130.080.080.070.06
Quick Ratio0.040.040.060.110.060.140.130.080.080.070.06
Cash Ratio0.010.010.030.100.050.120.100.040.030.040.04
Asset Turnover—0.060.050.040.040.040.040.050.040.040.04
Inventory Turnover———————————
Days Sales Outstanding———————————

MGYR Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield1.6%1.7%2.1%2.0%1.7%——————
Payout Ratio18.7%18.7%21.6%17.1%18.0%——————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield8.8%9.0%10.0%11.7%9.4%8.8%5.6%5.3%3.5%2.4%2.3%
FCF Yield8.6%9.1%7.0%12.4%12.8%12.8%1.7%10.2%7.5%5.6%17.6%
Buyback Yield0.7%0.8%3.0%1.8%5.4%0.0%0.2%0.0%0.0%0.0%0.0%
Total Shareholder Yield2.4%2.5%5.2%3.8%7.1%0.0%0.2%0.0%0.0%0.0%0.0%
Shares Outstanding—$6M$6M$6M$7M$6M$6M$6M$6M$6M$6M

Key Metrics

Growth RegimeExpanding
ProfitabilityModerate
Balance SheetAdequate
Cash FlowStable
Top Statement Risk

Localized CRE concentration risk

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Discounted Valuation Reflects Localized Constraints

According to current market data, Magyar Bancorp trades at a P/B of 0.93, suggesting that investors are pricing the bank at a discount to its tangible book value, likely reflecting concerns over its narrow geographic footprint and limited liquidity compared to broader regional banking peers.

The current valuation multiple implies that the market does not yet assign a premium to the bank's specialized New Jersey franchise. Investors should monitor whether the bank's ability to maintain a 12% revenue growth rate can eventually drive a re-rating toward parity with its tangible book value.

ROE Compression Amidst Margin Headwinds

As reported in financial statements, the bank's ROE has remained in a narrow range between 1.6% and 2.6% over the last ten quarters, indicating that profitability is currently constrained by a low net interest margin and a reliance on a high-cost physical branch network.

The DuPont decomposition suggests that the bank's profitability is primarily driven by asset utilization rather than high-margin fee income. The modest ROE levels appear to be a structural outcome of the bank's conservative balance sheet management and the competitive pressures inherent in the Central Jersey deposit market.

Efficiency Gains Offsetting Margin Pressure

Based on the provided quarterly data, Magyar Bancorp has successfully improved its efficiency ratio from 41.0% in 2024Q1 to 35.2% in 2026Q2, demonstrating that management is effectively controlling operating expenses despite the persistent pressure on net interest margins within the current interest rate environment.

The improvement in the efficiency ratio suggests that the bank is achieving better operating leverage, which is critical given the stagnant NIM. However, investors should monitor whether further cost-cutting can be sustained without compromising the relationship-based lending model that supports the bank's core revenue streams.

Stable Capitalization Supports Asset Growth

According to recent regulatory filings, the bank has maintained a consistent equity-to-assets ratio of approximately 0.12 over the last ten quarters, which indicates a disciplined approach to capital preservation while supporting the steady expansion of the overall balance sheet in a competitive regional market.

This stable capital position provides a buffer against potential credit volatility in the multi-family and CRE portfolios. While the current capital levels appear adequate, the bank's limited cash reserves may restrict its ability to pursue aggressive organic growth or significant capital return programs in the near term.

P/E Ratio Misleading Due to Provisions

The P/E ratio is frequently misapplied to Magyar Bancorp because it fails to account for the volatility introduced by CECL-based loan loss provisions, which can artificially depress or inflate earnings in any given quarter, thereby obscuring the bank's true recurring earnings power and operational efficiency.

Investors should prioritize P/TBV and core pre-provision net revenue (PPNR) over P/E to better assess the bank's valuation. Relying on P/E in this context may lead to erroneous conclusions regarding the bank's profitability, as it ignores the non-cash nature of provision adjustments that do not reflect actual credit losses.

Download Financial Ratios Data

Includes 30+ ratios · 23 years · Updated daily

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MGYR — Frequently Asked Questions

Quick answers to the most common questions about buying MGYR stock.

What is Magyar Bancorp, Inc.'s P/E ratio?

Magyar Bancorp, Inc.'s current P/E ratio is 11.4x. The historical average is 35.5x. This places it at the 38th percentile of its historical range.

What is Magyar Bancorp, Inc.'s EV/EBITDA?

Magyar Bancorp, Inc.'s current EV/EBITDA is 10.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.8x.

What is Magyar Bancorp, Inc.'s ROE?

Magyar Bancorp, Inc.'s return on equity (ROE) is 8.5%. The historical average is 3.0%.

Is MGYR stock overvalued?

Based on historical data, Magyar Bancorp, Inc. is trading at a P/E of 11.4x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What is Magyar Bancorp, Inc.'s dividend yield?

Magyar Bancorp, Inc.'s current dividend yield is 1.65% with a payout ratio of 18.7%.

What are Magyar Bancorp, Inc.'s profit margins?

Magyar Bancorp, Inc. has 60.3% gross margin and 23.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.

How much debt does Magyar Bancorp, Inc. have?

Magyar Bancorp, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.