Latest Ratios: P/E Ratio 17.1x · EV/EBITDA 17.7x · ROE 16.0%. (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 | $4.7B | $3.9B | $4.6B | $3.6B | $3.8B | $4.6B | $2.2B | $2.0B | $1.7B | $2.2B | $2.0B |
| Enterprise Value | $6.1B | $5.3B | $4.3B | $2.9B | $4.6B | $2.2B | $891M | $2.0B | $1.6B | $2.4B | $1.8B |
| P/E Ratio → | 17.12 | 14.19 | 20.37 | 17.58 | 14.95 | 22.24 | 12.87 | 13.65 | 12.60 | 24.13 | 24.63 |
| P/S Ratio | 4.65 | 3.86 | 4.74 | 4.38 | 6.47 | 10.57 | 5.28 | 4.97 | 5.04 | 8.16 | 8.99 |
| P/B Ratio | 2.56 | 2.12 | 2.86 | 2.52 | 2.90 | 4.01 | 2.20 | 2.42 | 2.41 | 3.70 | 3.84 |
| P/FCF | 13.56 | 11.24 | 18.65 | 18.79 | 13.97 | 18.00 | 11.56 | 12.59 | 10.40 | 23.08 | 26.30 |
| P/OCF | 13.33 | 11.05 | 18.31 | 18.42 | 13.78 | 17.36 | 11.42 | 12.41 | 10.26 | 18.96 | 20.37 |
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 | — | 5.24 | 4.41 | 3.53 | 7.97 | 5.11 | 2.15 | 4.98 | 4.73 | 8.62 | 8.04 |
| EV / EBITDA | 17.72 | 15.38 | 15.20 | 11.74 | 14.79 | 8.68 | 4.08 | 10.71 | 9.40 | 16.94 | 15.76 |
| EV / EBIT | 17.97 | 15.60 | 15.46 | 11.96 | 14.98 | 8.83 | 4.16 | 10.94 | 9.61 | 17.29 | 16.20 |
| EV / FCF | — | 15.28 | 17.37 | 15.12 | 17.20 | 8.71 | 4.72 | 12.62 | 9.77 | 24.40 | 23.52 |
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 | 51.8% | 51.8% | 46.7% | 49.2% | 78.3% | 85.5% | 77.4% | 69.4% | 75.1% | 78.7% | 82.4% |
| Operating Margin | 33.6% | 33.6% | 28.6% | 29.5% | 53.2% | 57.9% | 51.8% | 45.5% | 49.3% | 49.9% | 49.7% |
| Net Profit Margin | 27.2% | 27.2% | 23.3% | 25.0% | 43.3% | 47.5% | 41.0% | 36.4% | 40.0% | 33.8% | 36.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.0% | 16.0% | 14.9% | 15.1% | 20.5% | 19.4% | 18.5% | 19.2% | 20.7% | 16.5% | 16.8% |
| ROA | 1.6% | 1.6% | 1.4% | 1.3% | 1.7% | 1.5% | 1.6% | 1.8% | 1.8% | 1.4% | 1.4% |
| ROIC | 7.3% | 7.3% | 6.5% | 6.4% | 7.8% | 7.9% | 9.8% | 11.5% | 12.4% | 10.8% | 9.3% |
| ROCE | 4.5% | 4.5% | 16.6% | 16.4% | 23.0% | 21.4% | 21.1% | 21.6% | 22.9% | 21.6% | 20.0% |
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 | 0.81 | 0.81 | 1.27 | 0.92 | 1.30 | 1.54 | 0.92 | 0.64 | 0.49 | 0.60 | 0.79 |
| Debt / EBITDA | 4.34 | 4.34 | 7.25 | 5.31 | 5.38 | 6.89 | 4.20 | 2.81 | 2.05 | 2.62 | 3.61 |
| Net Debt / Equity | — | 0.76 | -0.20 | -0.49 | 0.67 | -2.07 | -1.30 | 0.01 | -0.15 | 0.21 | -0.41 |
| Net Debt / EBITDA | 4.07 | 4.07 | -1.12 | -2.85 | 2.78 | -9.26 | -5.92 | 0.03 | -0.61 | 0.92 | -1.86 |
| Debt / FCF | — | 4.04 | -1.28 | -3.67 | 3.23 | -9.29 | -6.84 | 0.03 | -0.63 | 1.32 | -2.78 |
| Interest Coverage | 0.75 | 0.75 | 0.56 | 0.61 | 3.49 | 7.97 | 4.20 | 1.81 | 2.64 | 3.89 | 4.29 |
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 | 0.28 | 0.28 | 0.19 | 0.20 | 0.11 | 0.36 | 0.29 | 0.16 | 0.15 | 0.12 | 0.18 |
| Quick Ratio | 0.28 | 0.28 | 0.19 | 0.20 | 0.11 | 0.36 | 0.29 | 0.16 | 0.15 | 0.12 | 0.18 |
| Cash Ratio | 0.02 | 0.02 | 0.15 | 0.14 | 0.06 | 0.29 | 0.20 | 0.07 | 0.06 | 0.04 | 0.11 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.03 | 0.03 | 0.05 | 0.04 | 0.04 | 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 | 1.5% | 1.9% | 1.4% | 1.3% | 1.0% | 0.7% | 1.3% | 1.2% | 1.2% | 0.4% | 0.4% |
| Payout Ratio | 26.5% | 26.5% | 28.8% | 22.1% | 14.9% | 15.7% | 16.6% | 16.1% | 14.7% | 10.8% | 9.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.8% | 7.0% | 4.9% | 5.7% | 6.7% | 4.5% | 7.8% | 7.3% | 7.9% | 4.1% | 4.1% |
| FCF Yield | 7.4% | 8.9% | 5.4% | 5.3% | 7.2% | 5.6% | 8.7% | 7.9% | 9.6% | 4.3% | 3.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.5% | 1.9% | 1.4% | 1.3% | 1.0% | 0.7% | 1.3% | 1.2% | 1.2% | 0.4% | 0.4% |
| Shares Outstanding | — | $55M | $55M | $55M | $55M | $54M | $54M | $54M | $54M | $54M | $54M |
Commercial real estate concentration
As indicated by the current P/B ratio of 2.62, ServisFirst Bancshares commands a significant valuation premium over its regional peers, suggesting that investors are pricing the bank as a high-efficiency franchise rather than a commodity balance sheet, despite the inherent risks in its concentrated commercial loan portfolio.
The elevated P/B multiple relative to the peer group average suggests the market assigns substantial value to the bank's branch-light operating model and its ability to generate superior returns on tangible equity. This premium valuation implies high expectations for sustained organic growth and margin stability, which may leave the stock vulnerable to multiple compression should efficiency ratios deteriorate or loan growth decelerate.
Based on the reported 2026Q1 efficiency ratio of 18.8%, ServisFirst Bancshares maintains a structural profitability advantage, as the bank's lean operating model allows it to convert a higher proportion of net interest income into bottom-line earnings compared to traditional retail-heavy regional banking competitors.
The bank's profitability is primarily driven by its exceptional asset utilization and low non-interest expense base, which effectively acts as a force multiplier for its ROE. While the current ROE remains stable, the reliance on commercial and correspondent banking segments suggests that profitability quality is highly sensitive to regional economic cycles and the bank's ability to maintain its low-cost funding advantage.
According to recent financial filings, the bank's NIM has remained constrained at 0.8% through 2026Q1, reflecting the broader industry challenge of rising interest-bearing deposit costs that threaten to compress the net interest margin despite the bank's historically efficient cost-to-serve structure.
The persistent pressure on NIM warrants close monitoring, as the bank's commercial client base may demand higher deposit yields to remain competitive in a higher-for-longer rate environment. If the bank is forced to pivot toward more expensive wholesale funding to sustain its loan growth, the current efficiency ratio may face upward pressure, potentially eroding the bank's core competitive advantage.
As reported in the 2026Q1 balance sheet data, the equity-to-assets ratio of 0.11 provides a stable capital foundation that supports ongoing organic growth, suggesting that the bank maintains sufficient capacity to absorb potential credit shocks without the immediate need for dilutive external capital raises.
The current capital position appears adequate for the bank's risk profile, though the concentration in commercial real estate necessitates a cautious approach to capital allocation. Investors should monitor whether management continues to prioritize organic growth over share repurchases, as the latter remains negligible, reflecting a disciplined focus on maintaining capital adequacy during periods of asset expansion.
The P/E ratio is frequently misapplied to ServisFirst Bancshares, as it obscures the volatility inherent in the bank's provision for credit losses under the CECL model, which can lead to significant, non-recurring fluctuations in reported earnings that do not reflect the underlying health of the core banking franchise.
Analysts should prioritize P/TBV and ROE over P/E, as the latter is overly sensitive to the timing of credit provisions and one-time gains from mortgage participation sales. Relying on P/E may lead to a distorted view of the bank's valuation, as it fails to account for the structural efficiency and capital-light nature of the correspondent banking division.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying SFBS stock.
ServisFirst Bancshares, Inc.'s current P/E ratio is 17.1x. The historical average is 17.7x. This places it at the 50th percentile of its historical range.
ServisFirst Bancshares, Inc.'s current EV/EBITDA is 17.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.3x.
ServisFirst Bancshares, Inc.'s return on equity (ROE) is 16.0%. The historical average is 15.4%.
Based on historical data, ServisFirst Bancshares, Inc. is trading at a P/E of 17.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ServisFirst Bancshares, Inc.'s current dividend yield is 1.54% with a payout ratio of 26.5%.
ServisFirst Bancshares, Inc. has 51.8% gross margin and 33.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
ServisFirst Bancshares, Inc.'s Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.