Latest Ratios: P/E Ratio 24.6x · EV/EBITDA 11.4x · ROE 5.1%. (2016–2025 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 | $321M | $267M | $191M | $193M | $273M | $250M | $156M | $130M | $79M | — | — |
| Enterprise Value | $228M | $174M | $65M | $116M | $276M | $-57811996 | $174M | $68M | $27M | — | — |
| P/E Ratio → | 24.63 | 20.01 | 22.47 | 36.72 | 12.62 | 12.14 | 6.35 | 16.31 | 18.59 | — | — |
| P/S Ratio | 1.72 | 1.43 | 1.07 | 1.17 | 2.14 | 2.47 | 1.51 | 1.70 | 1.21 | — | — |
| P/B Ratio | 1.24 | 1.01 | 0.76 | 0.79 | 1.14 | 1.14 | 1.01 | 1.02 | 0.68 | — | — |
| P/FCF | — | — | — | 9.87 | 6.03 | 1.56 | — | — | 4.63 | — | — |
| P/OCF | — | — | — | 8.81 | 5.66 | 1.54 | — | — | 4.44 | — | — |
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 | — | 0.94 | 0.36 | 0.70 | 2.16 | -0.57 | 1.69 | 0.89 | 0.42 | — | — |
| EV / EBITDA | 11.39 | 8.69 | 4.57 | 12.34 | 8.95 | -2.03 | 5.08 | 5.75 | 2.83 | — | — |
| EV / EBIT | 12.70 | 9.69 | 5.58 | 16.50 | 9.57 | -2.12 | 5.25 | 6.70 | 3.68 | — | — |
| EV / FCF | — | — | — | 5.96 | 6.09 | -0.36 | — | — | 1.60 | — | — |
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 | 52.5% | 52.5% | 49.2% | 48.7% | 83.6% | 93.4% | 88.4% | 82.2% | 87.2% | 89.2% | 89.8% |
| Operating Margin | 9.7% | 9.7% | 6.5% | 4.3% | 22.6% | 27.0% | 32.1% | 13.3% | 11.4% | 8.3% | 6.0% |
| Net Profit Margin | 7.1% | 7.1% | 4.8% | 3.2% | 17.0% | 20.4% | 23.8% | 10.4% | 8.7% | 3.3% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.1% | 5.1% | 3.4% | 2.2% | 9.4% | 11.0% | 17.4% | 6.5% | 5.2% | 2.0% | 2.4% |
| ROA | 0.4% | 0.4% | 0.3% | 0.2% | 0.8% | 0.9% | 1.5% | 0.7% | 0.5% | 0.2% | 0.3% |
| ROIC | 3.7% | 3.7% | 2.2% | 1.2% | 5.9% | 6.5% | 10.5% | 5.4% | 3.9% | 2.5% | 1.7% |
| ROCE | 4.4% | 4.4% | 2.7% | 1.6% | 7.4% | 8.1% | 12.8% | 6.6% | 5.0% | 3.2% | 2.2% |
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 | 0.41 | 0.41 | 0.43 | 0.73 | 0.83 | 0.35 | 1.12 | 0.13 | 0.18 | 0.41 | 0.60 |
| Debt / EBITDA | 5.37 | 5.37 | 7.75 | 18.87 | 6.45 | 2.72 | 5.09 | 1.40 | 2.24 | 5.63 | 9.58 |
| Net Debt / Equity | — | -0.35 | -0.50 | -0.31 | 0.01 | -1.41 | 0.12 | -0.49 | -0.44 | 0.32 | -0.05 |
| Net Debt / EBITDA | -4.62 | -4.62 | -8.94 | -8.09 | 0.08 | -10.79 | 0.52 | -5.23 | -5.37 | 4.36 | -0.84 |
| Debt / FCF | — | — | — | -3.91 | 0.06 | -1.92 | — | — | -3.03 | — | -0.29 |
| Interest Coverage | 0.21 | 0.21 | 0.13 | 0.09 | 1.67 | 5.04 | 4.57 | 0.78 | 0.91 | 0.87 | 0.71 |
Net cash position: cash ($200M) exceeds total debt ($108M)
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 | 0.10 | 0.10 | 0.10 | 0.11 | 0.09 | 0.21 | 0.13 | 0.14 | 0.13 | 0.10 | 0.24 |
| Quick Ratio | 0.10 | 0.10 | 0.10 | 0.11 | 0.09 | 0.21 | 0.13 | 0.14 | 0.13 | 0.10 | 0.24 |
| Cash Ratio | 0.07 | 0.07 | 0.09 | 0.10 | 0.08 | 0.17 | 0.10 | 0.07 | 0.08 | 0.01 | 0.08 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 |
| 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 | — | — | 0.2% | — | — | — | — | — | 1.7% | — | — |
| Payout Ratio | — | — | 5.5% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 5.0% | 4.5% | 2.7% | 7.9% | 8.2% | 15.7% | 6.1% | 5.4% | — | — |
| FCF Yield | — | — | — | 10.1% | 16.6% | 64.2% | — | — | 21.6% | — | — |
| Buyback Yield | 0.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.6% | 0.0% | — | — |
| Total Shareholder Yield | 0.2% | 0.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.2% | 0.6% | 1.7% | — | — |
| Shares Outstanding | — | $10M | $10M | $10M | $10M | $8M | $8M | $8M | $7M | $8M | $8M |
Mortgage segment volatility
According to current market data, MYFW trades at a P/B of 1.20, which appears to command a premium relative to peers like Simmons First National, suggesting investors are pricing in the unique value of its high-net-worth wealth management franchise despite the bank's currently depressed return on equity.
The valuation reflects a market expectation that the boutique model will eventually scale, yet the current P/E of 23.81 indicates that earnings are significantly suppressed by high operating costs. Investors should monitor whether the firm can transition from a high-cost growth phase to a period of sustained profitability, as the current multiple implies a high hurdle for future ROTCE performance.
As reported in recent financial statements, the bank's ROE has struggled to exceed 2.3% in the most recent quarter, a figure that remains significantly below the double-digit returns typically expected from regional banking peers, indicating that the firm's profitability is currently constrained by its high-touch service model.
The DuPont decomposition suggests that the primary drag on ROE is the combination of a thin NIM and high non-interest expenses required to maintain its boutique profit centers. This implies that the firm's profitability is highly sensitive to its ability to leverage its existing asset base without incurring proportional increases in personnel and occupancy costs.
Based on quarterly filings, the efficiency ratio has remained stubbornly anchored between 40% and 44% over the last ten quarters, which suggests that the firm's high-touch delivery model requires a significant and relatively fixed level of non-interest expense to maintain its specialized service standards in competitive markets.
The stagnant NIM of approximately 0.6% indicates that the bank is struggling to capture meaningful spread income, likely due to the competitive pricing required to attract deposits from sophisticated high-net-worth clients. This persistent efficiency profile warrants further investigation into whether the firm can achieve economies of scale as it expands into new geographic corridors.
As noted in institutional research, the P/E ratio is frequently misapplied to MYFW, as it obscures the volatility of mortgage-related fee income and the lumpy nature of credit provisions, which can cause significant, non-recurring swings in quarterly net income that do not reflect the underlying health of the franchise.
Investors should instead focus on P/TBV and fee-based revenue growth, as these metrics better capture the value of the wealth management segment and the firm's core deposit franchise. Relying on P/E in this context may lead to erroneous conclusions about the bank's earnings power, as it fails to account for the cyclicality inherent in the mortgage origination business.
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Quick answers to the most common questions about buying MYFW stock.
First Western Financial, Inc.'s current P/E ratio is 24.6x. The historical average is 18.2x. This places it at the 88th percentile of its historical range.
First Western Financial, Inc.'s current EV/EBITDA is 11.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.9x.
First Western Financial, Inc.'s return on equity (ROE) is 5.1%. The historical average is 6.5%.
Based on historical data, First Western Financial, Inc. is trading at a P/E of 24.6x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
First Western Financial, Inc. has 52.5% gross margin and 9.7% operating margin.
First Western Financial, Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.