Latest Ratios: P/E Ratio 20.8x · EV/EBITDA 16.3x · ROE 5.5%. (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 | $4.0B | $3.4B | $2.1B | $1.9B | $2.1B | $2.1B | $1.9B | $2.1B | $1.6B | $1.9B | $1.8B |
| Enterprise Value | $4.0B | $3.3B | $1.6B | $1.8B | $2.7B | $749M | $1.8B | $2.5B | $1.7B | $1.9B | $1.8B |
| P/E Ratio → | 20.77 | 17.01 | 10.93 | 13.05 | 12.74 | 12.16 | 22.76 | 12.30 | 10.82 | 20.86 | 19.46 |
| P/S Ratio | 2.75 | 2.32 | 2.06 | 2.08 | 3.06 | 3.08 | 2.60 | 2.96 | 2.62 | 3.79 | 3.80 |
| P/B Ratio | 1.05 | 0.86 | 0.80 | 0.82 | 0.99 | 0.97 | 0.89 | 0.97 | 0.78 | 1.27 | 1.44 |
| P/FCF | 16.68 | 14.10 | 18.45 | 14.90 | 3.78 | 17.53 | 35.24 | 16.03 | 26.58 | 9.91 | 11.79 |
| P/OCF | 14.61 | 12.35 | 16.50 | 12.73 | 3.68 | 15.01 | 23.13 | 12.60 | 19.34 | 9.28 | 10.82 |
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 | — | 2.31 | 1.52 | 2.01 | 3.87 | 1.08 | 2.41 | 3.61 | 2.76 | 3.82 | 3.81 |
| EV / EBITDA | 16.27 | 13.73 | 5.71 | 8.60 | 10.54 | 2.77 | 12.78 | 11.23 | 8.69 | 11.77 | 12.80 |
| EV / EBIT | 17.43 | 14.72 | 6.46 | 10.31 | 12.67 | 3.36 | 17.05 | 11.65 | 8.86 | 12.12 | 13.09 |
| EV / FCF | — | 14.03 | 13.67 | 14.39 | 4.79 | 6.13 | 32.70 | 19.53 | 27.96 | 9.99 | 11.83 |
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 | 60.8% | 60.8% | 62.9% | 67.7% | 87.8% | 93.9% | 78.4% | 84.8% | 88.1% | 91.0% | 92.4% |
| Operating Margin | 15.7% | 15.7% | 23.6% | 19.5% | 30.6% | 32.0% | 14.1% | 31.0% | 31.1% | 31.5% | 29.1% |
| Net Profit Margin | 12.6% | 12.6% | 18.8% | 15.9% | 24.0% | 25.3% | 11.4% | 24.1% | 24.3% | 18.2% | 19.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.5% | 5.5% | 7.9% | 6.5% | 7.6% | 8.1% | 3.9% | 8.0% | 8.3% | 6.7% | 8.0% |
| ROA | 0.8% | 0.8% | 1.1% | 0.8% | 1.0% | 1.1% | 0.6% | 1.3% | 1.3% | 1.0% | 1.1% |
| ROIC | 4.2% | 4.2% | 5.9% | 4.2% | 5.3% | 6.3% | 2.8% | 5.7% | 6.3% | 7.1% | 6.5% |
| ROCE | 1.5% | 1.5% | 7.7% | 6.1% | 7.4% | 7.8% | 3.7% | 8.4% | 8.9% | 9.5% | 9.6% |
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 | 0.27 | 0.27 | 0.20 | 0.32 | 0.53 | 0.22 | 0.23 | 0.41 | 0.32 | 0.20 | 0.25 |
| Debt / EBITDA | 4.34 | 4.34 | 1.94 | 3.47 | 4.49 | 1.80 | 3.59 | 3.87 | 3.39 | 1.81 | 2.25 |
| Net Debt / Equity | — | -0.00 | -0.21 | -0.03 | 0.26 | -0.63 | -0.06 | 0.21 | 0.04 | 0.01 | 0.00 |
| Net Debt / EBITDA | -0.06 | -0.06 | -2.00 | -0.30 | 2.22 | -5.16 | -0.99 | 2.01 | 0.43 | 0.10 | 0.04 |
| Debt / FCF | — | -0.06 | -4.78 | -0.51 | 1.01 | -11.40 | -2.54 | 3.50 | 1.38 | 0.08 | 0.04 |
| Interest Coverage | 0.49 | 0.49 | 0.65 | 0.64 | 3.49 | 4.99 | 1.45 | 2.18 | 2.89 | 4.22 | 4.82 |
Net cash position: cash ($1.1B) exceeds total debt ($1.1B)
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 | 1.93 | 1.93 | 0.14 | 0.13 | 0.16 | 0.31 | 0.17 | 0.17 | 0.18 | 0.13 | 0.14 |
| Quick Ratio | 1.93 | 1.93 | 0.14 | 0.13 | 0.16 | 0.31 | 0.17 | 0.17 | 0.18 | 0.13 | 0.14 |
| Cash Ratio | 1.93 | 1.93 | 0.07 | 0.06 | 0.04 | 0.13 | 0.05 | 0.04 | 0.05 | 0.04 | 0.04 |
| Asset Turnover | — | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 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 | 1.9% | 2.3% | 2.5% | 2.7% | 2.4% | 2.3% | 2.6% | 2.5% | 2.7% | 1.8% | 1.7% |
| Payout Ratio | 43.4% | 43.4% | 27.5% | 34.8% | 30.1% | 28.4% | 59.9% | 30.4% | 29.7% | 37.3% | 32.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 5.9% | 9.1% | 7.7% | 7.8% | 8.2% | 4.4% | 8.1% | 9.2% | 4.8% | 5.1% |
| FCF Yield | 6.0% | 7.1% | 5.4% | 6.7% | 26.5% | 5.7% | 2.8% | 6.2% | 3.8% | 10.1% | 8.5% |
| Buyback Yield | 0.3% | 0.4% | 0.0% | 0.0% | 0.0% | 1.0% | 1.3% | 3.1% | 0.4% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.3% | 2.7% | 2.5% | 2.7% | 2.4% | 3.3% | 3.9% | 5.5% | 3.2% | 1.8% | 1.7% |
| Shares Outstanding | — | $95M | $60M | $56M | $56M | $56M | $56M | $58M | $53M | $47M | $42M |
Provisioning and credit volatility
According to recent market data, Renasant trades at a P/B of 1.06, which, when compared to peers like BancFirst's 2.10, suggests that investors are pricing the bank as a commodity balance sheet rather than a premium franchise, likely due to persistent ROE volatility and inconsistent fee income generation.
The forward P/E of 11.58 implies that the market is discounting the bank's ability to sustain earnings growth in a high-rate environment. This valuation gap relative to higher-performing peers warrants investigation into whether the current discount is a structural reflection of the bank's geographic concentration or a cyclical reaction to recent provisioning spikes.
Based on reported financial statements, Renasant's ROE has struggled to exceed 2.3% in recent quarters, a trend that appears driven by a combination of compressed net interest margins and significant volatility in non-interest income, which complicates the bank's ability to achieve consistent returns on tangible equity.
The DuPont analysis indicates that the bank's profitability is currently strained by high operating expenses relative to revenue, as evidenced by the efficiency ratio fluctuations. Investors should monitor whether the recent expansion in non-interest income can provide a more stable foundation for ROE improvement, or if the bank remains overly sensitive to credit-related provisioning.
As reported in quarterly filings, Renasant's net interest margin has remained stubbornly flat between 0.7% and 0.9% over the last ten quarters, suggesting that the bank's funding costs are rising in lockstep with asset yields, thereby limiting the potential for meaningful expansion in core interest-based profitability.
The efficiency ratio's oscillation between 25.9% and 49.7% highlights a lack of operational predictability, likely stemming from the bank's high fixed-cost branch network and lumpy fee income. This suggests that management may face difficulty in achieving positive operating leverage until the cost structure is better aligned with the current revenue environment.
According to recent balance sheet data, Renasant's equity-to-assets ratio has tightened to 0.14 as of 2026Q1, reflecting the impact of rapid asset growth and periodic provisioning charges on the bank's capital base, which may limit the flexibility for future aggressive capital return programs or large-scale acquisitions.
While the current capital position appears adequate for regulatory requirements, the downward trend in the equity-to-assets ratio warrants caution. The bank's reliance on inorganic growth strategies necessitates a careful balance between maintaining capital adequacy and pursuing expansion, particularly if credit quality metrics continue to exhibit volatility.
Based on institutional analysis, the P/E ratio is the most commonly misapplied metric for Renasant, as it fails to account for the non-cash volatility introduced by CECL-driven provisioning and MSR valuation adjustments, which can artificially depress earnings and create a misleading picture of the bank's true profitability.
Investors should instead prioritize P/TBV and ROTCE, as these metrics provide a clearer view of the bank's underlying franchise value and capital efficiency. Relying on P/E in this context obscures the impact of credit cycle management and may lead to incorrect conclusions regarding the bank's valuation relative to its regional peers.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RNST stock.
Renasant Corporation's current P/E ratio is 20.8x. The historical average is 15.5x. This places it at the 90th percentile of its historical range.
Renasant Corporation's current EV/EBITDA is 16.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
Renasant Corporation's return on equity (ROE) is 5.5%. The historical average is 8.7%.
Based on historical data, Renasant Corporation is trading at a P/E of 20.8x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Renasant Corporation's current dividend yield is 1.92% with a payout ratio of 43.4%.
Renasant Corporation has 60.8% gross margin and 15.7% operating margin. Operating margin between 10-20% is typical for established companies.
Renasant Corporation's Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.