Latest Ratios: P/E Ratio 9.8x · EV/EBITDA 9.4x · ROE 14.6%. (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 | $802M | $594M | $546M | $308M | $248M | $280M | $183M | $238M | $155M | $208M | $182M |
| Enterprise Value | $1.1B | $888M | $507M | $422M | $343M | $128M | $167M | $587M | $263M | $355M | $264M |
| P/E Ratio → | 9.77 | 8.47 | 24.74 | 8.63 | 11.24 | 8.51 | 6.90 | 14.05 | 12.14 | 25.77 | 27.65 |
| P/S Ratio | 2.27 | 1.68 | 1.92 | 1.77 | 1.85 | 2.30 | 1.44 | 1.97 | 1.81 | 2.94 | 2.99 |
| P/B Ratio | 1.16 | 1.00 | 1.06 | 1.16 | 1.08 | 1.03 | 0.74 | 1.07 | 0.90 | 1.43 | 1.35 |
| P/FCF | 11.38 | 8.42 | 16.36 | 7.43 | 7.02 | 7.08 | 6.33 | 38.49 | 8.78 | 15.16 | 82.26 |
| P/OCF | 10.73 | 7.94 | 15.62 | 7.04 | 6.85 | 6.86 | 6.05 | 26.16 | 6.91 | 12.70 | 11.71 |
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 | — | 2.51 | 1.78 | 2.42 | 2.55 | 1.05 | 1.31 | 4.87 | 3.06 | 5.03 | 4.33 |
| EV / EBITDA | 9.40 | 7.61 | 13.52 | 8.55 | 10.97 | 2.78 | 4.27 | 23.29 | 14.54 | 22.64 | 24.36 |
| EV / EBIT | 10.68 | 8.64 | 18.23 | 9.37 | 12.87 | 3.14 | 5.13 | 29.87 | 18.21 | 28.59 | 33.47 |
| EV / FCF | — | 12.59 | 15.19 | 10.19 | 9.70 | 3.24 | 5.78 | 94.92 | 14.86 | 25.94 | 119.12 |
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 | 70.6% | 70.6% | 61.2% | 73.2% | 90.2% | 93.6% | 83.2% | 79.6% | 83.3% | 87.8% | 90.7% |
| Operating Margin | 29.0% | 29.0% | 9.8% | 25.8% | 19.8% | 33.6% | 25.6% | 16.3% | 16.8% | 17.6% | 13.0% |
| Net Profit Margin | 22.8% | 22.8% | 7.8% | 20.5% | 16.4% | 27.0% | 20.9% | 14.0% | 14.9% | 11.5% | 10.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.6% | 14.6% | 5.6% | 14.4% | 8.8% | 12.7% | 11.3% | 8.5% | 8.0% | 5.8% | 4.9% |
| ROA | 1.5% | 1.5% | 0.5% | 1.2% | 0.8% | 1.2% | 1.0% | 0.8% | 0.7% | 0.5% | 0.5% |
| ROIC | 9.3% | 9.3% | 3.6% | 8.2% | 5.6% | 9.0% | 5.0% | 3.0% | 3.2% | 3.3% | 2.4% |
| ROCE | 3.8% | 3.8% | 4.3% | 9.7% | 6.9% | 11.4% | 9.0% | 6.2% | 5.6% | 6.4% | 5.0% |
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 | 0.57 | 0.57 | 0.41 | 0.68 | 0.68 | 0.21 | 0.44 | 1.81 | 1.03 | 1.23 | 0.83 |
| Debt / EBITDA | 2.88 | 2.88 | 5.60 | 3.63 | 4.98 | 1.24 | 2.80 | 16.07 | 9.92 | 11.30 | 10.33 |
| Net Debt / Equity | — | 0.50 | -0.08 | 0.43 | 0.41 | -0.56 | -0.06 | 1.56 | 0.62 | 1.02 | 0.61 |
| Net Debt / EBITDA | 2.52 | 2.52 | -1.04 | 2.31 | 3.03 | -3.28 | -0.41 | 13.85 | 5.95 | 9.40 | 7.54 |
| Debt / FCF | — | 4.17 | -1.17 | 2.76 | 2.68 | -3.83 | -0.55 | 56.43 | 6.08 | 10.77 | 36.86 |
| Interest Coverage | 0.99 | 0.99 | 0.30 | 1.00 | 2.95 | 6.08 | 2.03 | 0.83 | 1.07 | 1.63 | 1.46 |
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 | 1.13 | 1.13 | 0.24 | 0.23 | 0.23 | 0.28 | 0.25 | 0.27 | 0.33 | 0.34 | 0.35 |
| Quick Ratio | 1.13 | 1.13 | 0.24 | 0.23 | 0.23 | 0.28 | 0.25 | 0.27 | 0.33 | 0.34 | 0.35 |
| Cash Ratio | 0.05 | 0.05 | 0.05 | 0.03 | 0.02 | 0.08 | 0.05 | 0.03 | 0.04 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.05 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 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 | 3.0% | 3.5% | 2.4% | 2.8% | 3.3% | 3.0% | 4.2% | 2.6% | 2.8% | 1.7% | 1.6% |
| Payout Ratio | 25.5% | 25.5% | 59.8% | 23.8% | 37.5% | 25.2% | 28.8% | 36.3% | 34.2% | 43.1% | 43.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.2% | 11.8% | 4.0% | 11.6% | 8.9% | 11.7% | 14.5% | 7.1% | 8.2% | 3.9% | 3.6% |
| FCF Yield | 8.8% | 11.9% | 6.1% | 13.5% | 14.2% | 14.1% | 15.8% | 2.6% | 11.4% | 6.6% | 1.2% |
| Buyback Yield | 0.3% | 0.4% | 0.4% | 1.0% | 5.8% | 0.9% | 1.0% | 0.7% | 0.4% | 0.0% | 0.3% |
| Total Shareholder Yield | 3.3% | 3.9% | 2.9% | 3.7% | 9.2% | 3.8% | 5.2% | 3.3% | 3.2% | 1.7% | 1.9% |
| Shares Outstanding | — | $17M | $15M | $10M | $11M | $11M | $11M | $11M | $9M | $8M | $8M |
CRE Concentration and Integration
Based on current market data, ORRF trades at a P/B of 1.17, which suggests that investors are pricing in the successful integration of the Codorus Valley merger while remaining cautious about the long-term sustainability of the bank's current return on tangible equity profile.
The current P/B multiple appears to reflect a discount relative to peers, potentially indicating that the market is still digesting the recent balance sheet expansion. Investors should monitor whether the bank can sustain its current profitability levels to justify a re-rating toward the higher multiples observed in the broader regional banking peer group.
As reported in recent financial statements, ORRF's ROE has stabilized at 3.7% in 2026Q1, a recovery driven by improved asset utilization and the successful realization of cost synergies following the recent inorganic growth phase that temporarily pressured the bank's bottom-line performance.
The decomposition of profitability suggests that the bank is shifting from a period of integration-related expense to one of operational leverage. The contribution of non-interest income, now at 17.3% of total revenue, appears to be a critical stabilizer that differentiates the bank's earnings quality from pure-play commercial lenders.
According to quarterly filings, the efficiency ratio improved to 40.8% in 2026Q1, demonstrating that the bank has successfully scaled its cost base to match its expanded $5.6 billion asset footprint while maintaining a disciplined approach to interest-earning asset yields.
The trend in the efficiency ratio suggests that management has effectively captured the promised synergies from the Codorus Valley merger. Investors should monitor whether this efficiency can be maintained if deposit competition intensifies, as the current NIM of 0.9% leaves little room for significant funding cost volatility.
Based on regulatory disclosures, the bank maintained an equity-to-assets ratio of 0.11 in 2026Q1, which indicates that ORRF has preserved a healthy capital buffer despite the significant balance sheet expansion necessitated by its recent regional market penetration and merger activity.
This capital position appears adequate to support current growth initiatives without immediate dilution risks. However, the bank's ability to maintain these levels will depend on its capacity to generate organic capital through retained earnings as it navigates the cyclical risks inherent in its commercial real estate portfolio.
The P/E ratio is frequently misapplied to ORRF, as it obscures the impact of CECL-related provision volatility and the capital-light nature of the bank's trust and advisory business, which warrants a valuation approach focused on P/TBV and normalized earnings power.
Investors relying solely on P/E may be misled by the earnings noise created by merger-related accounting and credit provisioning cycles. A more accurate assessment of the bank's franchise value should prioritize P/TBV, which better captures the underlying tangible equity supporting the bank's long-term growth and fiduciary service capabilities.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ORRF stock.
Orrstown Financial Services, Inc.'s current P/E ratio is 9.8x. The historical average is 16.8x. This places it at the 20th percentile of its historical range.
Orrstown Financial Services, Inc.'s current EV/EBITDA is 9.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.7x.
Orrstown Financial Services, Inc.'s return on equity (ROE) is 14.6%. The historical average is 10.5%.
Based on historical data, Orrstown Financial Services, Inc. is trading at a P/E of 9.8x. This is at the 20th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Orrstown Financial Services, Inc.'s current dividend yield is 3.02% with a payout ratio of 25.5%.
Orrstown Financial Services, Inc. has 70.6% gross margin and 29.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Orrstown Financial Services, Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.