Latest Ratios: P/E Ratio 16.1x · EV/EBITDA -0.3x · ROE 6.7%. (2007–2025 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 | $115M | $112M | $135M | $93M | $101M | $116M | $82M | $93M | $84M | $87M | $72M |
| Enterprise Value | $-2266653 | $-4630216 | $132M | $100M | $104M | $-50147296 | $-92789109 | $53M | $106M | $86M | $72M |
| P/E Ratio → | 16.07 | 15.69 | 29.25 | 13.64 | 11.65 | 12.61 | 9.20 | 13.90 | 11.88 | 17.01 | 13.40 |
| P/S Ratio | 1.86 | 1.82 | 2.18 | 1.67 | 2.29 | 2.80 | 1.94 | 2.41 | 2.24 | 2.80 | 2.38 |
| P/B Ratio | 1.05 | 1.03 | 1.30 | 0.92 | 1.04 | 1.24 | 0.96 | 1.20 | 1.17 | 1.34 | 1.19 |
| P/FCF | 16.41 | 16.07 | 47.30 | 14.41 | 10.51 | 6.13 | — | 8.93 | 8.63 | 20.08 | 11.70 |
| P/OCF | 16.02 | 15.69 | 46.08 | 13.48 | 10.09 | 6.06 | — | 8.41 | 8.09 | 12.80 | 10.06 |
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 | — | -0.08 | 2.13 | 1.79 | 2.34 | -1.22 | -2.19 | 1.37 | 2.83 | 2.75 | 2.39 |
| EV / EBITDA | -0.26 | -0.53 | 18.30 | 9.36 | 8.32 | -3.85 | -7.06 | 5.35 | 10.86 | 9.38 | 8.13 |
| EV / EBIT | -0.26 | -0.53 | 23.42 | 11.07 | 9.54 | -4.39 | -8.19 | 6.33 | 12.09 | 10.46 | 8.93 |
| EV / FCF | — | -0.66 | 46.30 | 15.47 | 10.74 | -2.66 | — | 5.07 | 10.92 | 19.70 | 11.74 |
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 | 63.1% | 63.1% | 57.5% | 70.3% | 87.3% | 89.4% | 80.2% | 80.6% | 84.3% | 87.6% | 88.8% |
| Operating Margin | 14.1% | 14.1% | 9.1% | 16.2% | 24.5% | 27.7% | 26.7% | 21.6% | 23.4% | 26.3% | 26.8% |
| Net Profit Margin | 11.6% | 11.6% | 7.5% | 13.4% | 19.8% | 22.2% | 21.1% | 17.3% | 18.8% | 16.4% | 17.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.7% | 6.7% | 4.5% | 7.5% | 9.2% | 10.2% | 11.0% | 8.9% | 10.3% | 8.2% | 9.4% |
| ROA | 0.7% | 0.7% | 0.5% | 0.8% | 0.9% | 1.0% | 1.1% | 0.9% | 1.0% | 0.8% | 1.0% |
| ROIC | 4.7% | 4.7% | 2.8% | 4.3% | 6.1% | 8.0% | 8.6% | 5.0% | 4.7% | 5.1% | 5.8% |
| ROCE | 5.8% | 5.8% | 3.7% | 6.5% | 8.9% | 9.8% | 10.5% | 6.3% | 6.0% | 6.5% | 7.3% |
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 | 0.20 | 0.20 | 0.39 | 0.56 | 0.62 | 0.19 | 0.22 | 0.20 | 1.17 | 0.91 | 0.91 |
| Debt / EBITDA | 2.48 | 2.48 | 5.64 | 5.31 | 4.82 | 1.37 | 1.42 | 1.57 | 8.63 | 6.46 | 6.18 |
| Net Debt / Equity | — | -1.07 | -0.03 | 0.07 | 0.02 | -1.78 | -2.05 | -0.52 | 0.31 | -0.03 | 0.00 |
| Net Debt / EBITDA | -13.49 | -13.49 | -0.40 | 0.64 | 0.18 | -12.73 | -13.31 | -4.09 | 2.28 | -0.18 | 0.02 |
| Debt / FCF | — | -16.73 | -1.00 | 1.06 | 0.24 | -8.79 | — | -3.87 | 2.29 | -0.39 | 0.03 |
| Interest Coverage | 0.38 | 0.38 | 0.21 | 0.54 | 2.42 | 2.89 | 1.52 | 1.09 | 1.63 | 2.43 | 2.77 |
Net cash position: cash ($138M) exceeds total debt ($21M)
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 | 0.15 | 0.15 | 0.07 | 0.07 | 0.08 | 0.24 | 0.28 | 0.11 | 0.12 | 0.13 | 0.13 |
| Quick Ratio | 0.15 | 0.15 | 0.07 | 0.07 | 0.08 | 0.24 | 0.28 | 0.11 | 0.12 | 0.13 | 0.13 |
| Cash Ratio | 0.15 | 0.15 | 0.05 | 0.06 | 0.07 | 0.23 | 0.26 | 0.09 | 0.11 | 0.12 | 0.12 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 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 | 1.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 27.2% | 27.2% | 42.0% | 25.7% | 23.1% | 22.3% | 23.2% | 21.5% | 19.4% | 29.4% | 13.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 6.4% | 3.4% | 7.3% | 8.6% | 7.9% | 10.9% | 7.2% | 8.4% | 5.9% | 7.5% |
| FCF Yield | 6.1% | 6.2% | 2.1% | 6.9% | 9.5% | 16.3% | — | 11.2% | 11.6% | 5.0% | 8.5% |
| Buyback Yield | 0.1% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $3M | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M |
Niche collateral valuation sensitivity
According to current market data, SFBC trades at a P/B of 1.04, which suggests that investors are pricing the bank as a commodity balance sheet rather than a premium franchise, likely due to the stagnant growth and the specialized nature of its Puget Sound loan portfolio.
The P/B multiple of 1.04 indicates that the market is assigning little to no premium for the bank's unique expertise in floating home and manufactured housing lending. This valuation appears to reflect investor skepticism regarding the bank's ability to scale its niche model, as the lack of a forward P/E suggests limited analyst consensus on future earnings growth.
Based on reported financial figures, the bank's ROE has remained constrained between 0.8% and 2.1% over the last ten quarters, indicating that profitability is currently hampered by a narrow net interest margin and a high fixed-cost structure relative to its total asset base.
The DuPont decomposition suggests that the bank's profitability is primarily limited by its NIM, which has hovered around 0.8% to 0.9%. Without significant non-interest income contribution or higher asset utilization, the bank's ability to generate meaningful returns on equity remains structurally challenged in the current interest rate environment.
As indicated by the bank's quarterly filings, the efficiency ratio has fluctuated between 44.5% and 56.0%, suggesting that the bank's eight-branch footprint creates a rigid cost structure that struggles to maintain operating leverage when revenue growth remains stagnant at -0.71% year-over-year.
The persistent NIM compression, coupled with an efficiency ratio that frequently exceeds 50%, implies that the bank lacks the scale to absorb rising funding costs effectively. Investors should monitor whether management can optimize the branch network or if the current cost structure will continue to erode the bottom line.
According to recent balance sheet data, the bank maintains a consistent equity-to-assets ratio of 0.10, which underscores a fortress-like capital position that provides a significant buffer against potential volatility in its specialized manufactured housing and floating home loan segments, as reported in regulatory filings.
This high level of capitalization suggests a management philosophy that prioritizes solvency and risk mitigation over aggressive balance sheet expansion. While this conservative stance limits potential ROE, it provides a necessary cushion for the bank's idiosyncratic collateral risks in the Puget Sound region.
The P/E ratio is the most commonly misapplied metric for SFBC, as it obscures the volatility inherent in the bank's provision for credit losses and the non-cash nature of its niche collateral valuations, which can lead to distorted earnings perceptions for short-term investors.
Because the bank's earnings are highly sensitive to qualitative management overlays regarding the Puget Sound economy, the P/E ratio often fails to reflect the underlying cash-generating capacity of the business. Analysts should instead focus on P/TBV and NIM trends to better understand the bank's true valuation and operational health.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying SFBC stock.
Sound Financial Bancorp, Inc.'s current P/E ratio is 16.1x. The historical average is 16.6x. This places it at the 82th percentile of its historical range.
Sound Financial Bancorp, Inc.'s current EV/EBITDA is -0.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
Sound Financial Bancorp, Inc.'s return on equity (ROE) is 6.7%. The historical average is 6.9%.
Based on historical data, Sound Financial Bancorp, Inc. is trading at a P/E of 16.1x. This is at the 82th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sound Financial Bancorp, Inc.'s current dividend yield is 1.69% with a payout ratio of 27.2%.
Sound Financial Bancorp, Inc. has 63.1% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
Sound Financial Bancorp, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.