Latest Ratios: P/E Ratio 11.9x · EV/EBITDA 8.0x · ROE 10.4%. (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 | $164M | $142M | $140M | $106M | $119M | $140M | $140M | $156M | $127M | $117M | $102M |
| Enterprise Value | $155M | $134M | $177M | $198M | $184M | $28M | $21M | $158M | $110M | $124M | $122M |
| P/E Ratio → | 11.93 | 10.17 | 12.16 | 8.77 | 9.58 | 7.68 | 9.31 | 13.02 | 10.88 | 10.61 | 11.67 |
| P/S Ratio | 1.80 | 1.56 | 1.72 | 1.40 | 1.90 | 1.93 | 1.92 | 2.50 | 2.26 | 2.36 | 2.18 |
| P/B Ratio | 1.18 | 1.01 | 1.10 | 0.85 | 1.01 | 0.97 | 0.98 | 1.15 | 0.97 | 1.25 | 1.18 |
| P/FCF | 7.65 | 6.64 | 16.99 | 8.15 | 5.04 | 9.46 | 6.37 | 9.31 | 10.72 | 19.29 | 8.26 |
| P/OCF | 6.82 | 5.92 | 14.78 | 7.59 | 4.67 | 8.13 | 5.84 | 8.30 | 9.17 | 11.98 | 7.30 |
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 | — | 1.47 | 2.18 | 2.61 | 2.93 | 0.39 | 0.29 | 2.53 | 1.96 | 2.50 | 2.61 |
| EV / EBITDA | 7.98 | 6.87 | 10.19 | 10.85 | 9.52 | 0.98 | 0.84 | 8.48 | 6.32 | 7.62 | 7.76 |
| EV / EBIT | 9.00 | 7.74 | 12.81 | 13.47 | 12.01 | 1.25 | 1.15 | 10.81 | 7.60 | 9.13 | 9.49 |
| EV / FCF | — | 6.23 | 21.58 | 15.22 | 7.77 | 1.92 | 0.97 | 9.42 | 9.27 | 20.43 | 9.88 |
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 | 70.6% | 70.6% | 69.8% | 74.7% | 91.8% | 93.0% | 84.6% | 83.4% | 87.9% | 91.0% | 91.6% |
| Operating Margin | 19.0% | 19.0% | 17.0% | 19.4% | 24.4% | 31.3% | 25.4% | 23.4% | 25.7% | 27.4% | 27.5% |
| Net Profit Margin | 15.4% | 15.4% | 14.1% | 15.9% | 19.9% | 25.2% | 20.5% | 19.2% | 20.7% | 22.3% | 18.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.4% | 10.4% | 9.1% | 10.0% | 9.5% | 12.7% | 10.7% | 9.0% | 10.4% | 12.3% | 10.5% |
| ROA | 1.0% | 1.0% | 0.8% | 0.9% | 0.9% | 1.4% | 1.3% | 1.2% | 1.2% | 1.3% | 1.1% |
| ROIC | 6.5% | 6.5% | 4.8% | 4.9% | 5.8% | 9.6% | 8.2% | 6.7% | 7.5% | 8.1% | 7.7% |
| ROCE | 7.8% | 7.8% | 5.9% | 6.0% | 7.0% | 11.6% | 9.9% | 8.3% | 9.7% | 10.3% | 9.7% |
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 | 0.45 | 0.45 | 0.51 | 0.94 | 0.80 | 0.28 | 0.20 | 0.21 | 0.24 | 0.36 | 0.43 |
| Debt / EBITDA | 3.29 | 3.29 | 3.75 | 6.38 | 4.89 | 1.39 | 1.12 | 1.55 | 1.79 | 2.06 | 2.35 |
| Net Debt / Equity | — | -0.06 | 0.30 | 0.74 | 0.55 | -0.77 | -0.83 | 0.01 | -0.13 | 0.07 | 0.23 |
| Net Debt / EBITDA | -0.45 | -0.45 | 2.17 | 5.04 | 3.34 | -3.86 | -4.70 | 0.10 | -0.99 | 0.43 | 1.27 |
| Debt / FCF | — | -0.41 | 4.60 | 7.07 | 2.73 | -7.54 | -5.40 | 0.11 | -1.45 | 1.14 | 1.62 |
| Interest Coverage | 0.68 | 0.68 | 0.57 | 0.78 | 2.96 | 5.65 | 2.75 | 1.53 | 2.33 | 3.33 | 4.03 |
Net cash position: cash ($73M) exceeds total debt ($64M)
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 | 0.12 | 0.12 | 0.18 | 0.23 | 0.25 | 0.37 | 0.28 | 0.15 | 0.17 | 0.15 | 0.16 |
| Quick Ratio | 0.12 | 0.12 | 0.18 | 0.23 | 0.25 | 0.37 | 0.28 | 0.15 | 0.17 | 0.15 | 0.16 |
| Cash Ratio | 0.06 | 0.06 | 0.02 | 0.02 | 0.03 | 0.13 | 0.14 | 0.03 | 0.06 | 0.04 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| 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 | 2.3% | 2.7% | 2.7% | 3.4% | 2.9% | 2.2% | 2.2% | 1.5% | 1.6% | 1.2% | 1.2% |
| Payout Ratio | 27.5% | 27.5% | 32.9% | 29.6% | 27.3% | 17.2% | 20.5% | 19.5% | 18.0% | 12.3% | 13.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.4% | 9.8% | 8.2% | 11.4% | 10.4% | 13.0% | 10.7% | 7.7% | 9.2% | 9.4% | 8.6% |
| FCF Yield | 13.1% | 15.1% | 5.9% | 12.3% | 19.8% | 10.6% | 15.7% | 10.7% | 9.3% | 5.2% | 12.1% |
| Buyback Yield | 3.5% | 4.0% | 3.4% | 3.3% | 4.9% | 6.8% | 5.1% | 3.2% | 0.1% | 1.5% | 1.1% |
| Total Shareholder Yield | 5.8% | 6.7% | 6.1% | 6.6% | 7.8% | 9.0% | 7.3% | 4.7% | 1.7% | 2.7% | 2.3% |
| Shares Outstanding | — | $6M | $7M | $7M | $7M | $7M | $8M | $8M | $8M | $7M | $7M |
Regional agricultural credit concentration
Based on recent market data, SBFG trades at a P/B ratio of 1.12, suggesting that investors are pricing the bank as a stable, commodity-like balance sheet rather than a high-growth franchise, despite the ongoing expansion of its urban loan production offices.
The current P/B multiple of 1.12 indicates that the market is not yet assigning a significant premium to the bank's specialized agricultural lending expertise or its fee-based wealth management segment. This valuation implies a modest expectation for future ROTCE, suggesting that investors remain cautious about the bank's ability to scale its urban footprint without diluting overall returns.
As reported in financial statements, SBFG's ROE has remained in a narrow range between 1.7% and 3.3% over the last ten quarters, indicating that profitability is currently constrained by a high efficiency ratio and limited operating leverage within its physical branch network.
The decomposition of profitability suggests that the bank's reliance on a traditional branch-heavy model limits its ability to drive superior ROE. While fee income provides a necessary buffer, the core profitability remains sensitive to the high fixed costs required to maintain its regional presence, warranting further investigation into the long-term margin impact of the LPO expansion strategy.
According to quarterly data, the efficiency ratio has fluctuated between 48.9% and 57.8%, which suggests that SBFG faces ongoing challenges in managing its cost base relative to revenue growth in a competitive interest rate environment.
The bank's NIM, which has hovered around 0.7% to 0.8%, appears to be under pressure from rising deposit costs and the inherent limitations of its regional funding base. Investors should monitor whether the shift toward urban LPOs can eventually drive a lower efficiency ratio by reducing the need for additional full-service physical branches.
Based on the provided quarterly figures, SBFG has maintained a consistent equity-to-assets ratio of approximately 0.09, indicating a stable capital position that provides a sufficient buffer for its ongoing regional expansion while supporting a disciplined dividend payout policy.
The bank's capital adequacy appears sufficient to support its current growth trajectory without requiring immediate external financing. This stability allows management to continue its strategy of organic growth and share buybacks, though the bank must remain vigilant regarding potential regulatory shifts that could impact capital requirements for regional institutions.
The P/E ratio is frequently misapplied to SBFG, as it obscures the impact of volatile provision expenses and non-cash items like Mortgage Servicing Rights, which can lead to misleading conclusions about the bank's core earnings power.
Investors should prioritize P/TBV over P/E when evaluating SBFG, as the latter is highly sensitive to quarterly fluctuations in credit loss provisions and gain-on-sale revenue. Relying on P/E may lead to an inaccurate assessment of the bank's valuation, as it fails to account for the underlying capital strength and the long-term value of the trust and wealth management franchise.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SBFG stock.
SB Financial Group, Inc.'s current P/E ratio is 11.9x. The historical average is 17.2x. This places it at the 61th percentile of its historical range.
SB Financial Group, Inc.'s current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.
SB Financial Group, Inc.'s return on equity (ROE) is 10.4%. The historical average is 6.9%.
Based on historical data, SB Financial Group, Inc. is trading at a P/E of 11.9x. This is at the 61th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SB Financial Group, Inc.'s current dividend yield is 2.31% with a payout ratio of 27.5%.
SB Financial Group, Inc. has 70.6% gross margin and 19.0% operating margin. Operating margin between 10-20% is typical for established companies.
SB Financial Group, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.