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PGCPeapack-Gladstone Financial Corporation
$47.03$833M
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  4. Financial Ratios

Peapack-Gladstone Financial Corporation (PGC) Financial Ratios

Latest Ratios: P/E Ratio 22.3x · EV/EBITDA 13.6x · ROE 5.9%. (1997–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

PGC Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$833M$493M$572M$538M$691M$683M$434M$600M$482M$628M$510M
Enterprise Value$862M$522M$359M$904M$1.0B$685M$-5652440$728M$521M$645M$468M
P/E Ratio →22.2913.2017.3211.009.3012.0816.6112.6610.9017.2519.30
P/S Ratio1.891.121.421.442.522.991.912.552.373.623.54
P/B Ratio1.270.750.940.921.301.250.821.191.031.561.57
P/FCF29.1617.259.078.065.999.5512.917.097.6311.7312.84
P/OCF19.3211.438.047.685.819.0511.836.957.5011.2311.88

P/E links to full P/E history page with 30-year chart

PGC EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—1.180.892.423.762.99-0.023.092.563.723.25
EV / EBITDA13.638.257.2412.509.618.31-0.1610.368.4011.1410.18
EV / EBIT16.489.987.9813.4410.088.82-0.1811.019.0311.8810.94
EV / FCF—18.275.7013.538.949.57-0.178.618.2512.0411.78

PGC Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin58.1%58.1%53.8%56.7%84.7%87.6%67.0%72.6%76.4%80.7%80.5%
Operating Margin11.9%11.9%11.2%18.0%37.3%33.9%14.1%28.1%28.3%31.3%29.7%
Net Profit Margin8.5%8.5%8.2%13.1%27.0%24.7%11.5%20.2%21.7%21.1%18.4%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE5.9%5.9%5.5%8.8%13.8%10.5%5.1%9.8%10.1%10.0%8.8%
ROA0.5%0.5%0.5%0.8%1.2%0.9%0.5%1.0%1.0%0.9%0.7%
ROIC4.7%4.7%3.5%4.6%8.7%8.1%3.0%6.6%7.2%8.3%7.5%
ROCE6.3%6.3%5.9%9.4%14.3%9.3%3.8%9.3%9.5%11.1%10.5%

PGC Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.330.330.290.951.000.270.400.670.430.320.37
Debt / EBITDA3.433.433.607.664.941.805.864.793.222.252.62
Net Debt / Equity—0.04-0.350.630.640.00-0.830.260.080.04-0.13
Net Debt / EBITDA0.460.46-4.295.063.170.02-12.081.830.630.29-0.92
Debt / FCF—1.01-3.385.472.950.03-13.081.520.620.31-1.07
Interest Coverage0.320.320.250.452.863.530.841.091.301.972.07

PGC Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio0.070.070.080.130.140.180.260.140.140.120.14
Quick Ratio0.070.070.080.130.140.180.260.140.140.120.14
Cash Ratio0.030.030.060.030.030.030.130.050.040.030.05
Asset Turnover—0.060.060.060.040.040.040.050.040.040.04
Inventory Turnover———————————
Days Sales Outstanding———————————

PGC Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield0.4%0.7%0.6%0.7%0.5%0.6%0.9%0.6%0.8%0.6%0.6%
Payout Ratio9.4%9.4%10.7%7.3%4.9%6.7%14.4%8.1%8.4%9.7%12.4%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield4.5%7.6%5.8%9.1%10.7%8.3%6.0%7.9%9.2%5.8%5.2%
FCF Yield3.4%5.8%11.0%12.4%16.7%10.5%7.7%14.1%13.1%8.5%7.8%
Buyback Yield0.8%1.4%1.4%2.9%5.2%4.5%1.7%3.7%0.3%0.3%0.1%
Total Shareholder Yield1.2%2.1%2.0%3.6%5.7%5.1%2.5%4.3%1.1%0.9%0.8%
Shares Outstanding—$18M$18M$18M$19M$19M$19M$19M$19M$18M$17M

Key Metrics

Growth RegimeExpanding
ProfitabilityStrained
Balance SheetHealthy
Cash FlowStable
Top Statement Risk

Deposit Beta and Funding

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Market Pricing Reflects Franchise Premium

Based on reported financial data, PGC trades at a P/B of 1.29, which suggests that investors are assigning a premium to the bank's specialized private banking model relative to the broader regional peer group, despite the current compression in core profitability metrics like ROE.

The valuation premium appears to be driven by the market's expectation that the Peapack Private wealth management segment provides a durable, capital-light fee stream that differentiates the bank from commodity lenders. However, the forward P/E of 12.96 warrants caution, as it implies a significant recovery in earnings power that may be difficult to achieve if funding costs remain elevated.

DuPont Analysis Reveals Margin Headwinds

As reported in recent financial statements, the bank's ROE has remained constrained at 2.1% in 2026Q1, indicating that the combination of persistent NIM compression and rising operating expenses is currently offsetting the benefits of the bank's strategic pivot toward higher-yielding commercial and industrial lending portfolios.

The decomposition of profitability suggests that the bank is struggling to achieve positive operating leverage, as the high fixed-cost base required for specialized talent continues to weigh on the bottom line. Investors should monitor whether the growth in fee-based income can eventually scale sufficiently to improve the overall return on tangible equity.

Efficiency Ratio Under Structural Pressure

According to the quarterly efficiency ratio trends, PGC's operating burden has climbed to 47.1% as of 2026Q1, suggesting that the high fixed costs associated with maintaining a boutique private banking model are currently outpacing the bank's ability to generate incremental revenue from its existing service infrastructure.

The persistent NIM of 0.8% indicates that the bank is facing significant challenges in managing its deposit beta, as sophisticated HNW clients demand higher yields in a competitive rate environment. This suggests that the bank's funding advantage is being eroded, necessitating a more disciplined approach to non-interest expense management to protect margins.

Disciplined Capital Retention Supports Stability

Based on the reported financial figures, the bank has maintained a consistent equity-to-assets ratio of 0.09 over the last ten quarters, demonstrating a disciplined approach to capital management that prioritizes balance sheet retention over aggressive capital distribution strategies like share repurchases or significant dividend hikes.

This stable capital position provides a buffer against potential credit deterioration in the commercial and industrial loan book, which is essential given the current economic uncertainty. The bank's focus on internal capital generation appears to be a prudent strategy to support long-term growth without relying on external financing.

Misapplication of P/E in Banking

The P/E ratio is frequently misapplied to PGC, as it fails to account for the volatility in provision expenses and the cyclical nature of wealth management fees, which can distort earnings and lead to inaccurate assessments of the bank's underlying operational health.

Investors should instead focus on P/TBV and ROTCE, as these metrics provide a more accurate reflection of the bank's capital efficiency and the value of its tangible assets. Relying solely on P/E obscures the impact of credit cycle normalization and the structural costs inherent in the bank's high-touch service model.

Download Financial Ratios Data

Includes 30+ ratios · 29 years · Updated daily

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PGC — Frequently Asked Questions

Quick answers to the most common questions about buying PGC stock.

What is Peapack-Gladstone Financial Corporation's P/E ratio?

Peapack-Gladstone Financial Corporation's current P/E ratio is 22.3x. The historical average is 16.4x. This places it at the 93th percentile of its historical range.

What is Peapack-Gladstone Financial Corporation's EV/EBITDA?

Peapack-Gladstone Financial Corporation's current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.

What is Peapack-Gladstone Financial Corporation's ROE?

Peapack-Gladstone Financial Corporation's return on equity (ROE) is 5.9%. The historical average is 9.4%.

Is PGC stock overvalued?

Based on historical data, Peapack-Gladstone Financial Corporation is trading at a P/E of 22.3x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What is Peapack-Gladstone Financial Corporation's dividend yield?

Peapack-Gladstone Financial Corporation's current dividend yield is 0.42% with a payout ratio of 9.4%.

What are Peapack-Gladstone Financial Corporation's profit margins?

Peapack-Gladstone Financial Corporation has 58.1% gross margin and 11.9% operating margin. Operating margin between 10-20% is typical for established companies.

How much debt does Peapack-Gladstone Financial Corporation have?

Peapack-Gladstone Financial Corporation's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.