Latest Ratios: P/E Ratio 16.6x · EV/EBITDA 14.3x · ROE 13.9%. (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 | $3.3B | $2.5B | $2.8B | $2.2B | $2.3B | $2.3B | $1.7B | $1.7B | $1.3B | $1.6B | $1.8B |
| Enterprise Value | $3.3B | $2.4B | $2.9B | $2.4B | $2.5B | $2.5B | $1.9B | $2.0B | $1.8B | $2.3B | $2.8B |
| P/E Ratio → | 16.59 | 13.70 | 18.39 | 17.03 | 15.52 | 14.65 | 13.46 | 16.28 | 12.02 | 19.01 | 21.41 |
| P/S Ratio | 5.02 | 3.71 | 4.31 | 3.83 | 4.48 | 4.74 | 3.56 | 3.65 | 3.22 | 4.29 | 5.63 |
| P/B Ratio | 2.20 | 1.82 | 2.24 | 1.89 | 2.15 | 2.03 | 1.66 | 1.73 | 1.59 | 2.12 | 2.48 |
| P/FCF | 17.37 | 12.83 | 16.41 | 15.11 | 18.15 | 15.75 | 20.76 | 17.28 | 10.92 | 19.77 | 22.92 |
| P/OCF | 16.82 | 12.42 | 15.57 | 14.34 | 17.08 | 14.33 | 15.43 | 14.98 | 9.97 | 18.19 | 20.97 |
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 | — | 3.65 | 4.52 | 4.19 | 4.96 | 5.21 | 3.99 | 4.29 | 4.36 | 6.27 | 8.65 |
| EV / EBITDA | 14.34 | 10.55 | 14.83 | 14.12 | 13.12 | 12.30 | 11.67 | 14.67 | 12.84 | 18.39 | 17.91 |
| EV / EBIT | 14.89 | 10.95 | 15.81 | 15.41 | 14.12 | 13.16 | 12.49 | 15.74 | 13.68 | 19.73 | 23.04 |
| EV / FCF | — | 12.63 | 17.22 | 16.56 | 20.08 | 17.30 | 23.26 | 20.31 | 14.79 | 28.87 | 35.20 |
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 | 82.1% | 82.1% | 78.4% | 82.0% | 93.0% | 99.2% | 91.3% | 84.9% | 87.4% | 86.3% | 100.0% |
| Operating Margin | 33.3% | 33.3% | 28.6% | 27.2% | 35.1% | 39.6% | 32.0% | 27.3% | 31.9% | 31.8% | 45.7% |
| Net Profit Margin | 27.1% | 27.1% | 23.5% | 22.5% | 28.9% | 32.4% | 26.5% | 22.4% | 26.8% | 22.6% | 26.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 12.7% | 11.4% | 13.6% | 14.3% | 12.7% | 11.4% | 13.9% | 11.2% | 11.8% |
| ROA | 1.8% | 1.8% | 1.5% | 1.3% | 1.5% | 1.6% | 1.4% | 1.3% | 1.4% | 1.1% | 1.2% |
| ROIC | 11.1% | 11.1% | 8.9% | 7.5% | 8.9% | 8.9% | 7.6% | 6.5% | 6.3% | 5.0% | 6.0% |
| ROCE | 3.9% | 3.9% | 4.7% | 4.0% | 12.9% | 13.6% | 11.7% | 13.9% | 1.7% | 1.6% | 2.0% |
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 | 0.07 | 0.07 | 0.24 | 0.37 | 0.41 | 0.40 | 0.56 | 0.47 | 0.77 | 1.20 | 1.53 |
| Debt / EBITDA | 0.43 | 0.43 | 1.51 | 2.54 | 2.24 | 2.19 | 3.50 | 3.38 | 4.55 | 7.13 | 7.17 |
| Net Debt / Equity | — | -0.03 | 0.11 | 0.18 | 0.23 | 0.20 | 0.20 | 0.30 | 0.56 | 0.97 | 1.33 |
| Net Debt / EBITDA | -0.17 | -0.17 | 0.69 | 1.24 | 1.26 | 1.10 | 1.26 | 2.19 | 3.36 | 5.80 | 6.25 |
| Debt / FCF | — | -0.20 | 0.80 | 1.45 | 1.93 | 1.55 | 2.51 | 3.03 | 3.87 | 9.10 | 12.28 |
| Interest Coverage | 2.06 | 2.06 | 1.48 | 1.56 | 5.79 | 11.79 | 5.14 | 1.99 | 2.99 | 2.78 | 3.22 |
Net cash position: cash ($137M) exceeds total debt ($99M)
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 | 2.04 | 2.04 | 0.17 | 0.51 | 0.25 | 0.27 | 0.20 | 0.21 | — | — | — |
| Quick Ratio | 2.04 | 2.04 | 0.17 | 0.51 | 0.25 | 0.27 | 0.20 | 0.21 | — | — | — |
| Cash Ratio | 1.63 | 1.63 | 0.02 | 0.06 | 0.02 | 0.03 | 0.05 | 0.02 | — | — | — |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 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 | 3.0% | 3.7% | 2.8% | 3.2% | 3.3% | 3.3% | 4.1% | 4.1% | 4.8% | 3.6% | 3.1% |
| Payout Ratio | 49.9% | 49.9% | 51.2% | 54.4% | 51.6% | 48.3% | 55.0% | 67.3% | 57.1% | 68.2% | 66.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 7.3% | 5.4% | 5.9% | 6.4% | 6.8% | 7.4% | 6.1% | 8.3% | 5.3% | 4.7% |
| FCF Yield | 5.8% | 7.8% | 6.1% | 6.6% | 5.5% | 6.4% | 4.8% | 5.8% | 9.2% | 5.1% | 4.4% |
| Buyback Yield | 0.6% | 0.8% | 0.0% | 1.1% | 0.1% | 0.7% | 0.4% | 2.4% | 0.4% | 0.5% | 0.0% |
| Total Shareholder Yield | 3.6% | 4.5% | 2.8% | 4.3% | 3.4% | 4.0% | 4.5% | 6.6% | 5.2% | 4.1% | 3.1% |
| Shares Outstanding | — | $16M | $16M | $16M | $16M | $16M | $16M | $16M | $16M | $15M | $15M |
NIM compression and efficiency
According to recent market data, PRK trades at a P/B of 2.20, a significant premium relative to regional peers like WesBanco and First Financial, which suggests that investors are pricing in a high-quality franchise despite the recent compression in return on equity metrics.
The elevated P/B multiple appears to reflect the market's confidence in the bank's specialized trust and aircraft financing niches rather than its current earnings yield. Investors should monitor whether this valuation premium is sustainable if the return on tangible equity continues to hover at current levels, as the market may eventually demand a higher earnings trajectory to justify such a multiple.
Based on the provided financial data, PRK's ROE has trended toward 2.7% in 2026Q1, a decline from 3.7% in 2025Q2, primarily driven by a contraction in NIM to 1.0% and rising operational costs that have hampered the bank's overall profitability quality.
The decomposition suggests that the bank's reliance on a high fixed-cost branch network is currently limiting operating leverage, as the efficiency ratio has deteriorated to 55.8%. While the trust segment provides a stable fee-based buffer, the core banking operations appear to be struggling with the dual impact of rising deposit costs and limited asset yield expansion.
As reported in recent financial statements, the efficiency ratio has climbed to 55.8% in 2026Q1, indicating that the bank's high-touch service model is becoming increasingly expensive to maintain relative to the revenue generated in the current interest rate environment.
The trend suggests that management's commitment to a localized, high-service model may be facing structural challenges as deposit betas catch up to asset yields. Investors should investigate whether this efficiency drift is a temporary byproduct of the recent Carolina expansion or a permanent shift in the bank's operating cost structure.
Based on the reported equity-to-assets ratio of 0.13 in 2026Q1, PRK maintains a robust capital position that provides a significant buffer against potential credit volatility, even as the bank pursues aggressive asset growth in new geographic markets.
The bank's conservative leverage profile appears to be a core component of its risk management strategy, allowing it to absorb potential shocks in its specialized lending portfolios. This capital strength suggests that the bank remains well-positioned to sustain its dividend policy and fund organic growth without the immediate need for external capital raises.
Investors frequently misapply the P/E ratio to PRK, which obscures the impact of volatile loan loss provisions and the significant influence of AOCI on tangible book value, making P/TBV a far more reliable metric for assessing the bank's true valuation.
Because PRK's earnings can be smoothed or distorted by management's provisioning estimates, the P/E ratio often fails to capture the underlying health of the balance sheet. Analysts should prioritize P/TBV and ROTCE to better understand the bank's capital efficiency and the actual value of its franchise assets, rather than relying on headline earnings multiples.
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 PRK stock.
Park National Corporation's current P/E ratio is 16.6x. The historical average is 19.7x. This places it at the 47th percentile of its historical range.
Park National Corporation's current EV/EBITDA is 14.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.6x.
Park National Corporation's return on equity (ROE) is 13.9%. The historical average is 13.9%.
Based on historical data, Park National Corporation is trading at a P/E of 16.6x. This is at the 47th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Park National Corporation's current dividend yield is 3.02% with a payout ratio of 49.9%.
Park National Corporation has 82.1% gross margin and 33.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Park National Corporation's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.