Latest Ratios: P/E Ratio 14.3x · EV/EBITDA 11.7x · ROE 10.2%. (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 | $1.2B | $1.0B | $811M | $701M | $725M | $387M | $305M | $410M | $394M | $410M | $330M |
| Enterprise Value | $1.4B | $1.3B | $854M | $1.1B | $871M | $-166239580 | $135M | $565M | $652M | $601M | $480M |
| P/E Ratio → | 14.33 | 12.04 | 9.51 | 7.64 | 10.77 | 19.37 | 10.98 | 10.36 | 11.61 | 27.30 | 20.85 |
| P/S Ratio | 3.01 | 2.63 | 2.41 | 2.18 | 2.84 | 2.73 | 2.18 | 2.74 | 2.88 | 3.52 | 3.28 |
| P/B Ratio | 1.38 | 1.16 | 1.21 | 1.21 | 1.57 | 0.77 | 0.99 | 1.47 | 1.72 | 2.05 | 1.88 |
| P/FCF | 10.14 | 8.86 | 6.72 | 6.74 | 7.80 | 13.34 | 13.81 | 8.49 | 7.43 | 11.37 | 13.05 |
| P/OCF | 9.77 | 8.53 | 6.17 | 6.02 | 7.45 | 12.46 | 11.73 | 7.78 | 7.18 | 11.05 | 12.10 |
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 | — | 3.17 | 2.54 | 3.48 | 3.41 | -1.17 | 0.97 | 3.78 | 4.76 | 5.16 | 4.77 |
| EV / EBITDA | 11.66 | 10.41 | 6.99 | 8.46 | 8.85 | -5.25 | 3.33 | 10.30 | 13.95 | 16.37 | 17.89 |
| EV / EBIT | 12.72 | 11.36 | 7.56 | 8.98 | 9.51 | -5.97 | 3.62 | 10.89 | 14.84 | 17.52 | 19.58 |
| EV / FCF | — | 10.68 | 7.07 | 10.74 | 9.36 | -5.73 | 6.14 | 11.71 | 12.30 | 16.67 | 18.98 |
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 | 78.1% | 78.1% | 79.5% | 82.4% | 93.4% | 91.0% | 83.6% | 86.3% | 86.9% | 87.6% | 89.4% |
| Operating Margin | 27.9% | 27.9% | 33.6% | 38.8% | 35.9% | 19.6% | 26.8% | 34.7% | 32.1% | 29.4% | 24.4% |
| Net Profit Margin | 20.2% | 20.2% | 25.4% | 28.6% | 26.4% | 14.1% | 19.9% | 26.4% | 24.8% | 13.0% | 15.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.2% | 10.2% | 13.7% | 17.7% | 14.0% | 5.0% | 9.5% | 15.6% | 15.8% | 8.1% | 9.5% |
| ROA | 1.3% | 1.3% | 1.5% | 1.6% | 1.1% | 0.4% | 1.0% | 1.5% | 1.3% | 0.7% | 0.7% |
| ROIC | 8.1% | 8.1% | 8.9% | 10.3% | 9.7% | 3.6% | 5.9% | 7.6% | 6.7% | 6.3% | 5.4% |
| ROCE | 3.9% | 3.9% | 14.6% | 18.1% | 13.6% | 4.9% | 8.8% | 13.4% | 12.9% | 11.4% | 8.8% |
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 | 0.38 | 0.38 | 0.21 | 0.89 | 0.57 | 0.40 | 0.52 | 0.74 | 1.37 | 1.23 | 1.13 |
| Debt / EBITDA | 2.80 | 2.80 | 1.16 | 3.91 | 2.65 | 6.28 | 3.94 | 3.75 | 6.70 | 6.72 | 7.36 |
| Net Debt / Equity | — | 0.24 | 0.06 | 0.72 | 0.32 | -1.10 | -0.55 | 0.56 | 1.13 | 0.95 | 0.86 |
| Net Debt / EBITDA | 1.78 | 1.78 | 0.35 | 3.15 | 1.48 | -17.47 | -4.16 | 2.83 | 5.52 | 5.20 | 5.59 |
| Debt / FCF | — | 1.82 | 0.35 | 4.00 | 1.57 | -19.07 | -7.68 | 3.22 | 4.87 | 5.29 | 5.93 |
| Interest Coverage | 1.78 | 1.78 | 2.01 | 3.11 | 8.87 | 3.30 | 3.00 | 2.75 | 2.63 | 2.72 | 2.47 |
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 | 0.36 | 0.34 | 0.37 | 0.47 | 0.37 | 0.29 | 0.29 | 0.32 | 0.32 |
| Quick Ratio | 0.10 | 0.10 | 0.36 | 0.34 | 0.37 | 0.47 | 0.37 | 0.29 | 0.29 | 0.32 | 0.32 |
| Cash Ratio | 0.06 | 0.06 | 0.02 | 0.02 | 0.02 | 0.14 | 0.13 | 0.02 | 0.02 | 0.03 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.02 | 0.05 | 0.06 | 0.05 | 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 | 1.0% | 1.2% | 1.2% | 1.3% | 1.2% | 1.2% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% |
| Payout Ratio | 15.2% | 15.2% | 11.0% | 9.8% | 13.2% | 23.0% | 4.3% | 3.0% | 3.5% | 7.8% | 5.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.0% | 8.3% | 10.5% | 13.1% | 9.3% | 5.2% | 9.1% | 9.7% | 8.6% | 3.7% | 4.8% |
| FCF Yield | 9.9% | 11.3% | 14.9% | 14.8% | 12.8% | 7.5% | 7.2% | 11.8% | 13.5% | 8.8% | 7.7% |
| Buyback Yield | 0.6% | 0.7% | 0.1% | 0.1% | 0.1% | 2.7% | 1.9% | 0.2% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 1.6% | 1.9% | 1.3% | 1.4% | 1.3% | 3.9% | 2.3% | 0.5% | 0.4% | 0.3% | 0.3% |
| Shares Outstanding | — | $53M | $46M | $45M | $45M | $31M | $30M | $30M | $30M | $30M | $30M |
Chicago CRE concentration risk
Based on recent market data, OSBC trades at a P/B of 1.39, suggesting that investors currently view the bank as a commodity balance sheet rather than a premium franchise, despite the firm's localized deposit density and recent expansion efforts in the Chicago collar counties.
The current valuation multiple appears to reflect market skepticism regarding the long-term sustainability of NIM expansion in a competitive regional landscape. Investors should monitor whether the bank can achieve a higher ROTCE to justify a premium to tangible book value, as current multiples imply a relatively modest growth outlook.
As reported in financial statements, the bank's ROE has hovered in the low single digits, with the 2026Q1 figure of 2.9% indicating that profitability remains constrained by the interplay between asset utilization and the ongoing integration costs associated with the West Suburban Bancorp acquisition.
The DuPont decomposition suggests that while non-interest income provides a necessary stabilizer, the core profitability is heavily reliant on NIM management. The moderate ROE levels indicate that management must improve operating leverage to drive higher returns on equity as the integration phase concludes.
According to quarterly data, the efficiency ratio improved to 45.3% in 2026Q1 from a peak of 53.2% in 2025Q3, signaling that management is successfully capturing operational synergies and controlling non-interest expenses after the recent inorganic growth phase.
The trend in the efficiency ratio suggests that the bank is regaining control over its cost structure, which is critical for maintaining margins in a high-rate environment. Continued focus on expense management will be essential to offset potential pressures on net interest margins from rising deposit betas.
Based on the reported equity-to-assets ratio of 0.13 as of 2026Q1, the bank maintains a healthy capital position that provides a sufficient buffer to absorb potential credit volatility while supporting ongoing shareholder return initiatives like recent share repurchases.
The stability of the capital ratio indicates a conservative approach to risk-weighted assets, which is prudent given the bank's concentration in suburban Chicago commercial real estate. This capital strength may allow for continued strategic flexibility, provided that credit quality remains within historical norms.
Investors should note that the P/E ratio is a frequently misapplied metric for OSBC, as it is heavily distorted by the volatility of loan loss provisions and non-recurring acquisition-related accounting adjustments that do not reflect the bank's true cash-generating capacity.
Relying on P/E can lead to an inaccurate assessment of the bank's earnings power, as it fails to account for the cyclical nature of credit provisioning under CECL. A more appropriate valuation approach would prioritize P/TBV, which better captures the underlying value of the bank's tangible assets and franchise stability.
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 OSBC stock.
Old Second Bancorp, Inc.'s current P/E ratio is 14.3x. The historical average is 20.2x. This places it at the 58th percentile of its historical range.
Old Second Bancorp, Inc.'s current EV/EBITDA is 11.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
Old Second Bancorp, Inc.'s return on equity (ROE) is 10.2%. The historical average is 9.1%.
Based on historical data, Old Second Bancorp, Inc. is trading at a P/E of 14.3x. This is at the 58th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Old Second Bancorp, Inc.'s current dividend yield is 0.99% with a payout ratio of 15.2%.
Old Second Bancorp, Inc. has 78.1% gross margin and 27.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Old Second Bancorp, Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.