Latest Ratios: P/E Ratio 10.1x · EV/EBITDA 4.3x · ROE 17.2%. (2004–2025 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 | $1.2B | $1.2B | $1.0B | $1.1B | $1.1B | $751M | $905M | $653M | $852M | $733M |
| Enterprise Value | $823M | $789M | $571M | $319M | $526M | $207M | $130M | $526M | $226M | $510M | $557M |
| P/E Ratio → | 10.11 | 9.07 | 8.95 | 6.94 | 8.58 | 11.20 | 10.85 | 11.65 | 9.34 | 19.86 | 20.48 |
| P/S Ratio | 2.50 | 2.43 | 2.25 | 2.16 | 3.67 | 4.88 | 3.41 | 3.88 | 3.20 | 5.23 | 5.75 |
| P/B Ratio | 1.71 | 1.54 | 1.53 | 1.50 | 1.75 | 1.82 | 1.43 | 1.93 | 1.57 | 2.40 | 2.46 |
| P/FCF | 7.47 | 7.27 | 7.16 | 6.02 | 7.71 | 8.97 | 7.35 | 11.22 | 6.78 | 16.44 | 14.10 |
| P/OCF | 7.41 | 7.21 | 7.12 | 5.94 | 7.69 | 8.92 | 7.24 | 10.43 | 6.59 | 16.02 | 13.93 |
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 | — | 1.58 | 1.10 | 0.66 | 1.75 | 0.95 | 0.59 | 2.26 | 1.11 | 3.13 | 4.36 |
| EV / EBITDA | 4.30 | 4.12 | 3.07 | 1.50 | 2.91 | 1.53 | 1.31 | 4.67 | 2.27 | 6.27 | 9.18 |
| EV / EBIT | 4.34 | 4.16 | 3.10 | 1.52 | 2.94 | 1.55 | 1.34 | 4.72 | 2.29 | 6.34 | 9.32 |
| EV / FCF | — | 4.73 | 3.49 | 1.84 | 3.67 | 1.74 | 1.27 | 6.52 | 2.35 | 9.85 | 10.71 |
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 | 55.0% | 55.0% | 52.2% | 58.8% | 82.0% | 89.0% | 70.0% | 71.9% | 75.0% | 79.5% | 80.3% |
| Operating Margin | 38.0% | 38.0% | 35.4% | 43.7% | 59.4% | 61.2% | 44.0% | 47.8% | 48.4% | 49.4% | 46.8% |
| Net Profit Margin | 26.8% | 26.8% | 25.1% | 31.1% | 42.7% | 43.5% | 31.5% | 33.6% | 34.8% | 26.6% | 28.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.2% | 17.2% | 17.9% | 22.6% | 21.2% | 17.1% | 14.0% | 17.7% | 18.4% | 13.3% | 12.9% |
| ROA | 1.8% | 1.8% | 1.9% | 2.3% | 2.1% | 1.7% | 1.4% | 1.8% | 1.8% | 1.2% | 1.2% |
| ROIC | 13.5% | 13.5% | 15.4% | 19.0% | 17.3% | 14.3% | 11.8% | 15.1% | 15.1% | 13.6% | 12.5% |
| ROCE | 4.4% | 4.4% | 19.1% | 23.4% | 21.3% | 17.6% | 14.4% | 18.4% | 18.4% | 16.9% | 15.8% |
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 | 0.49 | 0.49 | 0.22 | 0.24 | 0.27 | 0.29 | 0.22 | 0.25 | 0.24 | 0.30 | 0.44 |
| Debt / EBITDA | 2.01 | 2.01 | 0.89 | 0.79 | 0.93 | 1.26 | 1.19 | 1.06 | 1.01 | 1.29 | 2.14 |
| Net Debt / Equity | — | -0.54 | -0.79 | -1.04 | -0.92 | -1.47 | -1.18 | -0.81 | -1.02 | -0.96 | -0.59 |
| Net Debt / EBITDA | -2.21 | -2.21 | -3.22 | -3.40 | -3.20 | -6.34 | -6.29 | -3.36 | -4.28 | -4.19 | -2.91 |
| Debt / FCF | — | -2.54 | -3.67 | -4.18 | -4.03 | -7.22 | -6.08 | -4.70 | -4.43 | -6.59 | -3.40 |
| Interest Coverage | 0.88 | 0.88 | 0.78 | 1.11 | 3.81 | 5.32 | 2.41 | 1.79 | 2.41 | 2.89 | 3.19 |
Net cash position: cash ($807M) exceeds total debt ($384M)
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 | 149.60 | 149.60 | 0.14 | 0.22 | 0.22 | 0.29 | 0.23 | 0.19 | 0.20 | 0.20 | 0.19 |
| Quick Ratio | 149.60 | 149.60 | 0.14 | 0.22 | 0.22 | 0.29 | 0.23 | 0.19 | 0.20 | 0.20 | 0.19 |
| Cash Ratio | 140.19 | 140.19 | 0.13 | 0.16 | 0.13 | 0.20 | 0.17 | 0.13 | 0.14 | 0.14 | 0.11 |
| Asset Turnover | — | 0.07 | 0.08 | 0.07 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | 3.2% | 3.2% | 3.0% | 2.3% | 2.0% | 2.4% | 2.0% | 2.4% | 1.3% | 1.2% |
| Payout Ratio | 28.6% | 28.6% | 28.7% | 20.8% | 19.5% | 22.5% | 25.8% | 23.3% | 22.0% | 25.4% | 23.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.9% | 11.0% | 11.2% | 14.4% | 11.7% | 8.9% | 9.2% | 8.6% | 10.7% | 5.0% | 4.9% |
| FCF Yield | 13.4% | 13.8% | 14.0% | 16.6% | 13.0% | 11.2% | 13.6% | 8.9% | 14.7% | 6.1% | 7.1% |
| Buyback Yield | 7.5% | 7.7% | 3.3% | 5.3% | 3.0% | 1.7% | 0.3% | 2.3% | 0.2% | 1.7% | 0.0% |
| Total Shareholder Yield | 10.3% | 10.8% | 6.5% | 8.3% | 5.3% | 3.7% | 2.7% | 4.3% | 2.6% | 3.0% | 1.2% |
| Shares Outstanding | — | $13M | $14M | $14M | $15M | $15M | $15M | $15M | $15M | $14M | $14M |
CRE Concentration and Sensitivity
Based on reported financial data, PFBC trades at a P/B of 1.70, which appears elevated relative to its peers and its own historical ROE performance, suggesting that the market may be pricing in a premium for its niche commercial franchise despite recent earnings volatility.
The current P/B multiple implies investor expectations for a significant recovery in return on tangible equity that is not currently supported by the 4.0% to 5.2% ROE range observed over the last ten quarters. This valuation gap warrants caution, as it suggests the market is either overestimating the durability of the bank's fee-based trade finance income or underestimating the potential for credit-related impairments in its CRE portfolio.
According to the bank's quarterly filings, the ROE has trended downward from 5.2% in 2023Q4 to 4.0% in 2026Q1, primarily driven by a persistent NIM compression that has remained locked between 0.9% and 1.0% throughout the observed period.
The bank's profitability is currently constrained by its inability to expand net interest margins, which suggests that funding costs are rising in lockstep with asset yields. While the lean efficiency ratio provides some support to the bottom line, the lack of meaningful asset utilization growth indicates that the bank's core profitability is currently stagnant.
As reported in financial statements, PFBC has maintained an impressive efficiency ratio, fluctuating between 11.7% and 20.4%, which serves as a critical buffer against the persistent 0.9% to 1.0% NIM that has characterized the bank's performance over the last ten quarters.
The bank's ability to keep operating expenses low is a clear competitive advantage, yet this operational discipline is currently being neutralized by the lack of margin expansion. Investors should monitor whether the bank can maintain this cost structure if it is forced to increase investment in compliance or technology to support its specialized commercial client base.
Based on an analysis of regional banking metrics, the P/E ratio is the most commonly misapplied metric for PFBC, as it fails to account for the lumpy nature of provision expenses and the volatility inherent in the bank's CRE-heavy loan portfolio.
Using P/E to value PFBC obscures the underlying credit risk, as earnings can be artificially inflated or depressed by management's subjective adjustments to the allowance for credit losses. A more appropriate valuation framework would focus on P/TBV, which provides a cleaner view of the bank's tangible capital base and its ability to absorb potential losses in its specialized real estate portfolio.
Includes 30+ ratios · 22 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PFBC stock.
Preferred Bank's current P/E ratio is 10.1x. The historical average is 12.4x. This places it at the 37th percentile of its historical range.
Preferred Bank's current EV/EBITDA is 4.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.7x.
Preferred Bank's return on equity (ROE) is 17.2%. The historical average is 9.5%.
Based on historical data, Preferred Bank is trading at a P/E of 10.1x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Preferred Bank's current dividend yield is 2.83% with a payout ratio of 28.6%.
Preferred Bank has 55.0% gross margin and 38.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Preferred Bank's Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.