Latest Ratios: P/E Ratio -13.9x · EV/EBITDA N/A · ROE -11.1%. (1994–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.0B | $496M | $423M | $499M | $515M | $395M | $539M | $304M | $404M | $431M | $316M |
| Enterprise Value | $929M | $408M | $480M | $943M | $647M | $752M | $837M | $559M | $603M | $662M | $471M |
| P/E Ratio → | -13.93 | — | 20.23 | 8.20 | 7.41 | 59.76 | 12.37 | 10.01 | 21.63 | 21.12 | 12.57 |
| P/S Ratio | 4.94 | 2.41 | 1.58 | 2.04 | 2.35 | 1.77 | 2.52 | 2.01 | 2.85 | 3.17 | 2.59 |
| P/B Ratio | 1.50 | 0.89 | 0.81 | 1.01 | 0.98 | 0.77 | 1.06 | 0.85 | 1.19 | 1.41 | 1.07 |
| P/FCF | 16.74 | 8.16 | 7.23 | 5.69 | 4.70 | 56.14 | 11.95 | 8.20 | 11.21 | 13.23 | 17.71 |
| P/OCF | 16.10 | 7.85 | 6.76 | 5.52 | 4.62 | 43.09 | 11.40 | 7.11 | 9.85 | 11.28 | 9.66 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.98 | 1.79 | 3.86 | 2.95 | 3.36 | 3.92 | 3.69 | 4.25 | 4.87 | 3.86 |
| EV / EBITDA | — | — | 12.83 | 10.87 | 7.11 | 42.05 | 15.81 | 11.88 | 16.07 | 18.55 | 11.93 |
| EV / EBIT | — | — | 19.33 | 12.31 | 7.23 | 56.42 | 16.67 | 14.71 | 20.66 | 24.28 | 14.29 |
| EV / FCF | — | 6.71 | 8.20 | 10.76 | 5.91 | 106.91 | 18.55 | 15.07 | 16.70 | 20.33 | 26.41 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.4% | 29.4% | 58.5% | 85.7% | 94.0% | 73.1% | 78.5% | 80.1% | 77.1% | 84.7% | 87.1% |
| Operating Margin | -40.8% | -40.8% | 9.3% | 31.4% | 40.8% | 6.0% | 23.5% | 25.1% | 20.5% | 20.1% | 27.0% |
| Net Profit Margin | -29.3% | -29.3% | 7.8% | 24.9% | 31.7% | 3.0% | 20.4% | 20.1% | 13.2% | 15.0% | 20.6% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.1% | -11.1% | 4.1% | 11.9% | 13.3% | 1.3% | 10.1% | 8.7% | 5.8% | 6.8% | 10.3% |
| ROA | -1.0% | -1.0% | 0.3% | 1.0% | 1.2% | 0.1% | 1.1% | 0.9% | 0.6% | 0.7% | 1.1% |
| ROIC | -9.4% | -9.4% | 2.2% | 6.1% | 7.4% | 1.1% | 4.9% | 4.6% | 3.7% | 3.8% | 5.6% |
| ROCE | -9.5% | -9.5% | 2.9% | 10.6% | 11.9% | 1.7% | 7.5% | 7.2% | 5.9% | 5.9% | 8.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.26 | 1.08 | 0.64 | 0.85 | 0.73 | 0.84 | 0.73 | 0.90 | 0.68 |
| Debt / EBITDA | — | — | 3.70 | 6.12 | 3.69 | 24.58 | 7.01 | 6.38 | 6.63 | 7.68 | 5.12 |
| Net Debt / Equity | — | -0.16 | 0.11 | 0.90 | 0.25 | 0.69 | 0.58 | 0.71 | 0.58 | 0.76 | 0.52 |
| Net Debt / EBITDA | — | — | 1.52 | 5.13 | 1.45 | 19.97 | 5.62 | 5.42 | 5.28 | 6.47 | 3.93 |
| Debt / FCF | — | -1.45 | 0.97 | 5.07 | 1.21 | 50.77 | 6.60 | 6.87 | 5.49 | 7.09 | 8.70 |
| Interest Coverage | -0.61 | -0.61 | 0.24 | 2.52 | 4.37 | 0.42 | 1.29 | 1.66 | 1.93 | 2.14 | 3.10 |
Net cash position: cash ($205M) exceeds total debt ($117M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.29 | 0.29 | 0.17 | 0.22 | 0.47 | 0.37 | 0.23 | 0.17 | 0.19 | 0.21 | 0.19 |
| Quick Ratio | 0.29 | 0.29 | 0.17 | 0.22 | 0.47 | 0.37 | 0.23 | 0.17 | 0.19 | 0.21 | 0.19 |
| Cash Ratio | 0.04 | 0.04 | 0.02 | 0.01 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 72.9% | 24.4% | 20.6% | 214.0% | 26.3% | 31.4% | 43.1% | 35.9% | 25.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.9% | 12.2% | 13.5% | 1.7% | 8.1% | 10.0% | 4.6% | 4.7% | 8.0% |
| FCF Yield | 6.0% | 12.3% | 13.8% | 17.6% | 21.3% | 1.8% | 8.4% | 12.2% | 8.9% | 7.6% | 5.6% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $17M | $16M | $16M | $16M | $16M | $15M | $12M | $12M | $11M | $10M |
Agricultural credit concentration
Based on recent market data, MOFG trades at a P/B of 1.50, which appears to incorporate a significant discount relative to historical norms, likely reflecting investor apprehension regarding the bank's recent earnings volatility and the sustainability of its core profitability metrics in a challenging interest rate environment.
The current valuation suggests that the market is pricing the bank as a commodity balance sheet rather than a premium franchise, despite the potential value of its trust and wealth management operations. Investors should monitor whether the forward P/E of 13.77 accurately captures the potential for earnings recovery or if the market remains rightfully cautious about the bank's ability to stabilize its bottom line.
As reported in financial statements, MOFG's ROE has struggled to maintain positive momentum, fluctuating between 0.5% and 3.0% in recent quarters, which indicates that the bank's profitability is currently constrained by both compressed net interest margins and the impact of significant credit loss provisions on net income.
The decomposition of ROE suggests that the bank's reliance on a large securities portfolio, rather than high-yielding loan growth, is limiting asset utilization efficiency. Furthermore, the contribution of non-interest income remains a critical, yet volatile, component that must be consistently leveraged to offset the structural pressures on the net interest margin.
According to quarterly filings, MOFG's net interest margin has remained stagnant at 0.8% throughout 2025, a trend that highlights the bank's difficulty in managing funding costs against the backdrop of a competitive Midwest lending market and a high fixed-cost operating structure.
The efficiency ratio, which has hovered around 40-45%, suggests that the bank is struggling to generate sufficient operating leverage to overcome its high personnel and branch network expenses. This persistent margin compression warrants further investigation into whether the bank's deposit pricing strategy is sufficiently agile to respond to shifting yield curves.
Based on reported figures, MOFG has maintained an equity-to-assets ratio between 0.08 and 0.10 over the last ten quarters, demonstrating a consistent capital buffer that appears adequate to support the bank's current risk profile despite the recent period of significant earnings instability.
While these capital levels remain within regulatory expectations, the bank's ability to sustain capital returns through dividends while simultaneously absorbing potential credit losses in its agricultural portfolio remains a key point of focus. Investors should monitor whether management prioritizes the preservation of these capital ratios over aggressive geographic expansion in the coming fiscal periods.
Financial analysts frequently misapply the P/E ratio to MOFG, as this metric is heavily distorted by one-time credit loss provisions and realized losses on securities, which obscures the bank's true underlying earnings power and its capacity for long-term capital generation.
Because P/E fails to account for the cyclical nature of loan loss provisioning and the strategic repositioning of the investment portfolio, it provides a misleading view of the bank's valuation. Investors should instead prioritize P/TBV and ROTCE, which offer a more accurate assessment of the bank's tangible value and its ability to generate returns on equity relative to its capital base.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying MOFG stock.
MidWestOne Financial Group, Inc.'s current P/E ratio is -13.9x. The historical average is 16.8x.
MidWestOne Financial Group, Inc.'s return on equity (ROE) is -11.1%. The historical average is 7.3%.
Based on historical data, MidWestOne Financial Group, Inc. is trading at a P/E of -13.9x. Compare with industry peers and growth rates for a complete picture.
MidWestOne Financial Group, Inc.'s current dividend yield is 1.97%.
MidWestOne Financial Group, Inc. has 29.4% gross margin and -40.8% operating margin.