Latest Ratios: P/E Ratio 10.4x · EV/EBITDA 8.8x · ROE 12.2%. (1996–2025 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 | $292M | $257M | $218M | $266M | $273M | $213M | $189M | $246M | $208M | $207M | $129M |
| Enterprise Value | $321M | $287M | $340M | $368M | $415M | $97M | $183M | $350M | $295M | $268M | $176M |
| P/E Ratio → | 10.43 | 9.26 | — | 15.90 | 9.34 | 8.55 | 12.52 | 17.37 | 15.21 | 25.19 | 19.21 |
| P/S Ratio | 2.14 | 1.89 | 2.15 | 2.57 | 3.19 | 2.68 | 2.86 | 4.56 | 4.19 | 4.50 | 3.43 |
| P/B Ratio | 1.20 | 1.06 | 1.02 | 1.47 | 1.64 | 1.04 | 0.97 | 1.79 | 1.70 | 1.78 | 1.16 |
| P/FCF | 9.97 | 8.79 | 11.06 | 9.36 | 9.57 | 7.63 | 14.50 | 14.65 | 12.64 | 14.32 | 11.83 |
| P/OCF | 8.59 | 7.57 | 9.54 | 8.92 | 8.90 | 7.30 | 13.71 | 13.36 | 12.00 | 12.87 | 11.30 |
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 | — | 2.11 | 3.35 | 3.55 | 4.85 | 1.22 | 2.77 | 6.47 | 5.94 | 5.85 | 4.71 |
| EV / EBITDA | 8.79 | 7.84 | 304.02 | 16.29 | 10.93 | 3.00 | 9.26 | 19.50 | 17.10 | 16.96 | 18.66 |
| EV / EBIT | 9.06 | 8.08 | — | 17.41 | 11.40 | 3.15 | 9.98 | 20.78 | 18.18 | 18.19 | 20.50 |
| EV / FCF | — | 9.80 | 17.29 | 12.96 | 14.51 | 3.48 | 14.05 | 20.79 | 17.93 | 18.61 | 16.22 |
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 | 63.6% | 63.6% | 47.7% | 62.4% | 90.5% | 87.5% | 79.7% | 81.6% | 85.1% | 86.3% | 84.8% |
| Operating Margin | 26.1% | 26.1% | -0.3% | 20.4% | 42.5% | 38.9% | 27.7% | 31.1% | 32.7% | 32.1% | 23.0% |
| Net Profit Margin | 20.4% | 20.4% | -0.2% | 16.2% | 34.2% | 31.4% | 22.8% | 26.3% | 27.5% | 17.9% | 17.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | 12.2% | -0.1% | 9.6% | 15.7% | 12.5% | 9.1% | 10.9% | 11.5% | 7.2% | 6.3% |
| ROA | 1.2% | 1.2% | -0.0% | 0.8% | 1.4% | 1.3% | 1.0% | 1.2% | 1.2% | 0.7% | 0.7% |
| ROIC | 7.3% | 7.3% | -0.1% | 4.6% | 8.6% | 7.8% | 4.9% | 5.2% | 5.8% | 6.0% | 3.5% |
| ROCE | 11.8% | 11.8% | -0.1% | 8.8% | 16.8% | 12.3% | 8.0% | 8.6% | 9.5% | 9.5% | 5.8% |
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 | 0.31 | 0.31 | 0.91 | 0.93 | 1.04 | 0.44 | 0.54 | 0.86 | 0.86 | 0.68 | 0.58 |
| Debt / EBITDA | 2.03 | 2.03 | 174.14 | 7.45 | 4.56 | 2.80 | 5.34 | 6.62 | 6.11 | 4.96 | 6.86 |
| Net Debt / Equity | — | 0.12 | 0.57 | 0.56 | 0.85 | -0.56 | -0.03 | 0.75 | 0.71 | 0.53 | 0.43 |
| Net Debt / EBITDA | 0.81 | 0.81 | 109.49 | 4.52 | 3.72 | -3.57 | -0.30 | 5.76 | 5.05 | 3.90 | 5.04 |
| Debt / FCF | — | 1.02 | 6.23 | 3.60 | 4.95 | -4.15 | -0.45 | 6.14 | 5.30 | 4.28 | 4.38 |
| Interest Coverage | 0.74 | 0.74 | -0.01 | 0.63 | 5.01 | 5.36 | 2.30 | 1.94 | 2.86 | 3.61 | 2.35 |
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 | 0.16 | 0.16 | 0.24 | 0.25 | 0.25 | 0.34 | 0.22 | 0.22 | 0.26 | 0.31 | 0.34 |
| Quick Ratio | 0.16 | 0.16 | 0.24 | 0.25 | 0.25 | 0.34 | 0.22 | 0.22 | 0.26 | 0.31 | 0.34 |
| Cash Ratio | 0.02 | 0.02 | 0.04 | 0.03 | 0.02 | 0.11 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| 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 | 4.0% | 4.5% | 4.5% | 3.5% | 3.3% | 4.0% | 3.8% | 2.5% | 2.7% | 2.6% | 3.7% |
| Payout Ratio | 41.4% | 41.4% | — | 56.2% | 31.3% | 34.3% | 48.2% | 42.5% | 40.4% | 65.7% | 70.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.6% | 10.8% | — | 6.3% | 10.7% | 11.7% | 8.0% | 5.8% | 6.6% | 4.0% | 5.2% |
| FCF Yield | 10.0% | 11.4% | 9.0% | 10.7% | 10.5% | 13.1% | 6.9% | 6.8% | 7.9% | 7.0% | 8.5% |
| Buyback Yield | 0.1% | 0.1% | 0.3% | 1.2% | 0.9% | 0.7% | 0.1% | 0.2% | 0.1% | 0.8% | 0.3% |
| Total Shareholder Yield | 4.1% | 4.6% | 4.8% | 4.7% | 4.3% | 4.7% | 3.9% | 2.6% | 2.7% | 3.4% | 4.0% |
| Shares Outstanding | — | $9M | $8M | $8M | $8M | $8M | $7M | $6M | $6M | $6M | $6M |
Indirect leisure loan volatility
Based on recent market data, NWFL trades at a P/B of 1.23, which appears to discount the bank's 34.22% revenue growth rate relative to regional peers, suggesting that investors remain cautious about the sustainability of its specialized indirect lending portfolio and the potential for future credit volatility.
The current P/B multiple indicates that the market is not yet pricing NWFL as a premium franchise, likely due to the cyclical nature of its leisure-focused loan book. This valuation gap warrants further investigation into whether the market is correctly identifying a structural risk or simply mispricing the bank's niche competitive advantage in the NEPA market.
As reported in financial statements, the bank's ROE has struggled to exceed 3.6% in recent quarters, indicating that despite aggressive asset expansion, the core profitability remains constrained by a low net interest margin and the high fixed-cost requirements of its branch-heavy operating model.
The DuPont decomposition suggests that NWFL's profitability is currently driven more by asset volume than by high-margin efficiency. Investors should monitor whether the recent expansion into New York can improve asset utilization or if it will continue to pressure the bank's overall return on equity through increased overhead.
According to quarterly filings, the efficiency ratio has stabilized near 35.5% as of 2026Q1, which implies that management is successfully managing operating expenses despite the rapid top-line growth, though the persistent 0.8% NIM suggests limited pricing power in the current competitive interest rate environment.
The bank's ability to maintain a sub-40% efficiency ratio is a positive indicator of operational discipline. However, the lack of NIM expansion suggests that the bank's funding costs are rising in tandem with asset yields, which may limit the potential for significant margin improvement in the near term.
Based on reported figures, NWFL maintains a consistent equity-to-assets ratio of approximately 0.10, which provides a stable capital foundation that appears sufficient to support ongoing loan growth while maintaining a conservative risk profile relative to regulatory expectations for regional depository institutions.
This capital structure suggests that management is prioritizing long-term stability over aggressive leverage, which is prudent given the inherent volatility of their indirect leisure lending segment. The current capital position appears adequate to absorb potential credit shocks without requiring immediate external financing or dilutive equity issuance.
The P/E ratio is frequently misapplied to NWFL, as it fails to account for the significant earnings volatility caused by CECL-driven provision adjustments, which can mask the bank's underlying operational performance and lead to inaccurate conclusions regarding its true earnings power.
Analysts should prioritize P/TBV over P/E when evaluating this bank, as the latter is heavily distorted by non-cash provision expenses and cyclical credit costs. Relying on P/E may obscure the bank's progress in scaling its core business, as it treats temporary reserve fluctuations as permanent changes in profitability.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NWFL stock.
Norwood Financial Corp.'s current P/E ratio is 10.4x. The historical average is 13.6x. This places it at the 14th percentile of its historical range.
Norwood Financial Corp.'s current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
Norwood Financial Corp.'s return on equity (ROE) is 12.2%. The historical average is 10.4%.
Based on historical data, Norwood Financial Corp. is trading at a P/E of 10.4x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Norwood Financial Corp.'s current dividend yield is 3.97% with a payout ratio of 41.4%.
Norwood Financial Corp. has 63.6% gross margin and 26.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Norwood Financial Corp.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.