Latest Ratios: P/E Ratio 14.0x · EV/EBITDA 9.1x · ROE 7.3%. (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 | $175M | $156M | $138M | $187M | $207M | $186M | $137M | $190M | $113M | $80M | $60M |
| Enterprise Value | $219M | $199M | $163M | $221M | $330M | $153M | $76M | $191M | $140M | $111M | $97M |
| P/E Ratio → | 14.01 | 11.57 | — | 7.63 | 8.43 | 9.28 | 9.14 | 13.61 | 12.36 | 20.60 | 15.54 |
| P/S Ratio | 1.29 | 1.15 | 1.00 | 1.46 | 2.33 | 2.64 | 1.98 | 2.98 | 2.41 | 2.73 | 2.62 |
| P/B Ratio | 0.86 | 0.71 | 0.66 | 0.84 | 1.04 | 0.98 | 0.82 | 1.38 | 0.94 | 1.16 | 1.30 |
| P/FCF | 16.49 | 14.65 | 15.38 | 7.28 | 8.03 | 7.49 | 8.74 | 12.09 | 10.12 | 18.76 | 11.33 |
| P/OCF | 11.85 | 10.52 | 9.34 | 5.90 | 6.17 | 6.38 | 8.08 | 11.37 | 9.01 | 11.85 | 10.22 |
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 | — | 1.47 | 1.18 | 1.73 | 3.72 | 2.18 | 1.10 | 3.00 | 2.98 | 3.80 | 4.22 |
| EV / EBITDA | 9.11 | 8.29 | — | 6.21 | 9.18 | 5.06 | 3.52 | 9.99 | 10.82 | 14.73 | 14.82 |
| EV / EBIT | 11.47 | 10.44 | — | 6.72 | 9.89 | 5.49 | 3.91 | 11.05 | 12.42 | 17.82 | 17.81 |
| EV / FCF | — | 18.74 | 18.23 | 8.61 | 12.82 | 6.18 | 4.86 | 12.18 | 12.52 | 26.06 | 18.26 |
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 | 54.4% | 54.4% | 42.8% | 61.4% | 82.2% | 86.5% | 71.7% | 67.0% | 66.5% | 74.8% | 83.9% |
| Operating Margin | 14.0% | 14.0% | -10.1% | 25.7% | 37.7% | 39.8% | 28.1% | 27.2% | 24.0% | 21.3% | 23.7% |
| Net Profit Margin | 11.5% | 11.5% | -7.2% | 20.8% | 30.1% | 31.5% | 22.6% | 21.9% | 19.6% | 13.3% | 16.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 7.3% | -4.6% | 12.7% | 13.8% | 12.4% | 10.3% | 10.8% | 9.7% | 6.7% | 8.8% |
| ROA | 0.7% | 0.7% | -0.5% | 1.3% | 1.5% | 1.3% | 1.1% | 1.2% | 1.0% | 0.6% | 0.7% |
| ROIC | 5.0% | 5.0% | -3.5% | 7.2% | 8.5% | 10.5% | 7.8% | 7.1% | 5.4% | 3.9% | 4.3% |
| ROCE | 6.0% | 6.0% | -4.2% | 8.8% | 10.3% | 12.7% | 9.5% | 8.9% | 7.0% | 5.1% | 5.6% |
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 | 0.32 | 0.32 | 0.35 | 0.40 | 0.87 | 0.16 | 0.09 | 0.40 | 0.45 | 1.00 | 1.17 |
| Debt / EBITDA | 2.91 | 2.91 | — | 2.46 | 4.79 | 0.97 | 0.68 | 2.86 | 4.22 | 9.11 | 8.25 |
| Net Debt / Equity | — | 0.20 | 0.12 | 0.15 | 0.62 | -0.17 | -0.36 | 0.01 | 0.22 | 0.45 | 0.80 |
| Net Debt / EBITDA | 1.81 | 1.81 | — | 0.96 | 3.43 | -1.07 | -2.82 | 0.07 | 2.07 | 4.13 | 5.62 |
| Debt / FCF | — | 4.09 | 2.85 | 1.33 | 4.79 | -1.31 | -3.88 | 0.09 | 2.40 | 7.30 | 6.92 |
| Interest Coverage | 0.31 | 0.31 | -0.19 | 0.69 | 2.50 | 2.62 | 1.22 | 0.89 | 0.89 | 1.14 | 1.78 |
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 | 0.02 | 0.02 | 0.03 | 0.07 | 0.08 | 0.12 | 0.16 | 0.14 | 0.10 | 0.14 | 0.12 |
| Quick Ratio | 0.02 | 0.02 | 0.03 | 0.07 | 0.08 | 0.12 | 0.16 | 0.14 | 0.10 | 0.14 | 0.12 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.03 | 0.06 | 0.04 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 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 | 1.6% | 2.0% | 2.2% | 1.6% | 0.9% | 1.2% | 0.5% | — | — | — | — |
| Payout Ratio | 19.5% | 19.5% | — | 11.3% | 7.1% | 9.7% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 8.6% | — | 13.1% | 11.9% | 10.8% | 10.9% | 7.3% | 8.1% | 4.9% | 6.4% |
| FCF Yield | 6.1% | 6.8% | 6.5% | 13.7% | 12.4% | 13.4% | 11.4% | 8.3% | 9.9% | 5.3% | 8.8% |
| Buyback Yield | 2.5% | 2.8% | 0.5% | 0.0% | 3.3% | 0.0% | 10.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.1% | 4.7% | 2.7% | 1.6% | 4.3% | 1.2% | 10.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $7M | $5M | $4M |
CRE and Funding Concentration
Based on recent market data, MNSB trades at a P/B of 0.88, suggesting that investors are currently pricing the bank at a discount to its tangible book value, likely reflecting concerns over the sustainability of its long-term return on equity and the scalability of its digital initiatives.
The current valuation multiple appears to indicate that the market is not yet assigning a 'fintech premium' to the Avenu platform, instead treating the bank as a traditional regional lender facing margin compression. Investors should monitor whether the P/B ratio expands as the bank demonstrates an ability to improve its core profitability metrics relative to its peer group.
According to quarterly financial data, MNSB's ROE has struggled to exceed 2.4% over the last ten quarters, with the exception of a significant loss in 2024Q4, indicating that the bank's profitability is currently constrained by high operating overhead and a lack of meaningful non-interest income contribution.
The decomposition of ROE suggests that the bank's reliance on a high-cost deposit base and significant technology investment is suppressing net interest margins and overall asset utilization. Without a material increase in fee-based revenue from the Avenu platform, the bank may continue to face difficulty in achieving a return on equity that exceeds its cost of capital.
As reported in financial statements, MNSB's net interest margin has remained stagnant at 0.8% over the last ten quarters, while the efficiency ratio has shown significant volatility, peaking at 95.8% in 2024Q4 before normalizing to 40.1% in 2026Q1, highlighting the challenges of managing a hybrid business model.
The inability to expand NIM in a competitive D.C. market suggests that the bank's funding costs are effectively neutralizing any gains from asset repricing. The erratic efficiency ratio further implies that the bank is still in a high-investment phase, where the costs of maintaining its digital infrastructure are currently outpacing the revenue benefits.
Based on reported figures, MNSB maintains an equity-to-assets ratio of approximately 0.10, a level that has remained remarkably consistent despite significant earnings volatility, suggesting a constrained capital position that may limit the bank's ability to absorb unexpected credit shocks or fund future strategic initiatives.
This capital structure appears to leave little room for error, particularly given the bank's concentration in the D.C. office market and the inherent risks of its specialized C&I loan book. Investors should monitor whether management prioritizes capital retention over dividend payments to bolster these thin buffers against potential economic downturns.
The market's reliance on P/E multiples for MNSB is fundamentally flawed, as reported earnings are heavily distorted by volatile provision expenses and significant, non-recurring investments in digital infrastructure, which obscure the bank's underlying core earnings power and long-term franchise value.
Investors should instead focus on P/TBV and ROTCE, as these metrics better capture the bank's capital efficiency and the value of its tangible assets. Relying on P/E in this context may lead to incorrect conclusions about the bank's valuation, as it fails to account for the cyclical nature of credit provisioning and the long-term nature of the Avenu platform's development.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying MNSB stock.
MainStreet Bancshares, Inc.'s current P/E ratio is 14.0x. The historical average is 22.0x. This places it at the 60th percentile of its historical range.
MainStreet Bancshares, Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.9x.
MainStreet Bancshares, Inc.'s return on equity (ROE) is 7.3%. The historical average is 4.4%.
Based on historical data, MainStreet Bancshares, Inc. is trading at a P/E of 14.0x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
MainStreet Bancshares, Inc.'s current dividend yield is 1.62% with a payout ratio of 19.5%.
MainStreet Bancshares, Inc. has 54.4% gross margin and 14.0% operating margin. Operating margin between 10-20% is typical for established companies.
MainStreet Bancshares, Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.