Latest Ratios: P/E Ratio 13.2x · EV/EBITDA 3.3x · ROE 7.0%. (2003–2025 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 | $91M | $78M | $51M | $82M | $106M | $104M | $82M | $79M | $71M | $76M | $72M |
| Enterprise Value | $31M | $19M | $6M | $31M | $75M | $117M | $110M | $92M | $107M | $22M | $117M |
| P/E Ratio → | 13.25 | 11.51 | — | 7.59 | 6.22 | 7.04 | 7.80 | 12.15 | 12.30 | 23.37 | 14.55 |
| P/S Ratio | 1.54 | 1.33 | 0.83 | 1.27 | 1.88 | 2.23 | 2.02 | 2.43 | 2.56 | 3.40 | 3.30 |
| P/B Ratio | 0.89 | 0.77 | 0.56 | 0.84 | 1.19 | 1.23 | 1.08 | 1.17 | 1.16 | 1.28 | 1.24 |
| P/FCF | 13.84 | 11.95 | 9.14 | — | 7.80 | 14.02 | 22.79 | 3.36 | 24.85 | 18.90 | 14.50 |
| P/OCF | 13.74 | 11.87 | 8.78 | — | 7.70 | 13.85 | 22.01 | 3.22 | 19.08 | 17.99 | 13.87 |
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 | — | 0.32 | 0.10 | 0.47 | 1.34 | 2.52 | 2.72 | 2.83 | 3.82 | 1.00 | 5.33 |
| EV / EBITDA | 3.32 | 2.00 | — | 1.95 | 3.09 | 5.51 | 7.18 | 9.81 | 12.70 | 3.59 | 13.34 |
| EV / EBIT | 3.46 | 2.08 | — | 2.00 | 3.14 | 5.61 | 7.39 | 10.36 | 13.25 | 3.80 | 13.83 |
| EV / FCF | — | 2.85 | 1.05 | — | 5.54 | 15.87 | 30.73 | 3.92 | 37.06 | 5.57 | 23.39 |
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 | 55.8% | 55.8% | 40.0% | 61.5% | 83.8% | 87.8% | 79.6% | 76.2% | 83.9% | 88.1% | 94.4% |
| Operating Margin | 15.2% | 15.2% | -7.1% | 23.5% | 42.5% | 45.0% | 36.8% | 27.3% | 28.9% | 26.4% | 38.5% |
| Net Profit Margin | 11.6% | 11.6% | -6.8% | 16.6% | 30.2% | 31.7% | 25.9% | 19.9% | 20.9% | 14.7% | 22.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.0% | 7.0% | -4.4% | 11.6% | 19.6% | 18.4% | 14.7% | 10.1% | 9.6% | 5.6% | 8.6% |
| ROA | 0.7% | 0.7% | -0.4% | 1.0% | 1.6% | 1.6% | 1.3% | 1.0% | 0.9% | 0.6% | 1.0% |
| ROIC | 6.6% | 6.6% | -3.3% | 9.6% | 13.1% | 11.4% | 8.8% | 5.6% | 6.3% | 4.4% | 5.3% |
| ROCE | 1.6% | 1.6% | -4.0% | 12.1% | 17.0% | 15.1% | 11.8% | 7.5% | 8.3% | 5.9% | 7.2% |
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 | 0.06 | 0.06 | 0.06 | 0.06 | 0.53 | 0.65 | 0.79 | 0.76 | 0.92 | 0.25 | 1.18 |
| Debt / EBITDA | 0.64 | 0.64 | — | 0.38 | 1.93 | 2.56 | 3.86 | 5.49 | 6.77 | 2.40 | 7.86 |
| Net Debt / Equity | — | -0.59 | -0.50 | -0.53 | -0.35 | 0.16 | 0.38 | 0.20 | 0.57 | -0.90 | 0.76 |
| Net Debt / EBITDA | -6.38 | -6.38 | — | -3.31 | -1.26 | 0.64 | 1.86 | 1.40 | 4.18 | -8.60 | 5.07 |
| Debt / FCF | — | -9.10 | -8.09 | — | -2.26 | 1.85 | 7.95 | 0.56 | 12.21 | -13.33 | 8.89 |
| Interest Coverage | 0.38 | 0.38 | -0.15 | 0.62 | 3.66 | 4.78 | 2.42 | 1.26 | 2.04 | 2.77 | 6.85 |
Net cash position: cash ($66M) exceeds total debt ($6M)
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 | 171.08 | 171.08 | 0.12 | 0.13 | 0.19 | 0.15 | 0.15 | 0.17 | 0.19 | 0.28 | 0.35 |
| Quick Ratio | 171.08 | 171.08 | 0.12 | 0.13 | 0.19 | 0.15 | 0.15 | 0.17 | 0.19 | 0.28 | 0.35 |
| Cash Ratio | 171.08 | 171.08 | 0.05 | 0.06 | 0.08 | 0.05 | 0.04 | 0.07 | 0.04 | 0.13 | 0.06 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 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 | — | — | 3.7% | 3.9% | 3.1% | 2.9% | 3.6% | 3.7% | 4.1% | 3.6% | 3.2% |
| Payout Ratio | — | — | — | 30.0% | 19.0% | 20.3% | 27.7% | 45.0% | 50.0% | 83.6% | 46.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 8.7% | — | 13.2% | 16.1% | 14.2% | 12.8% | 8.2% | 8.1% | 4.3% | 6.9% |
| FCF Yield | 7.2% | 8.4% | 10.9% | — | 12.8% | 7.1% | 4.4% | 29.8% | 4.0% | 5.3% | 6.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.8% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 3.7% | 3.9% | 3.1% | 2.9% | 3.6% | 10.5% | 4.1% | 3.6% | 3.2% |
| Shares Outstanding | — | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M |
Geographic and credit concentration
Based on reported figures, SSBI trades at a P/B of 0.93, which suggests that the market is pricing the bank at a discount to its tangible book value, likely reflecting investor skepticism regarding the institution's ability to generate meaningful returns on equity in its current operating environment.
The current valuation multiple indicates that the market views the bank as a commodity balance sheet rather than a premium franchise, likely due to the lack of consistent earnings growth. Investors should monitor whether the expansion into new LPO markets can drive a re-rating toward peer multiples, or if the geographic concentration discount remains a structural anchor on the share price.
As reported in financial statements, the bank's ROE has struggled to exceed 2.7% in recent quarters, a performance that appears to be heavily constrained by an over-capitalized balance sheet and the high fixed-cost burden inherent in the bank's Sonoma County branch network.
The DuPont decomposition suggests that profitability is currently hampered by low asset utilization, as the bank maintains significant cash buffers that drag on overall returns. While the net margin remains positive, the lack of operating leverage indicates that the bank may need to scale its loan book significantly to improve its return on tangible equity.
According to recent SEC filings, the bank's NIM has remained compressed between 0.6% and 0.9% over the last ten quarters, signaling that the institution faces persistent challenges in managing funding costs relative to the yields generated by its concentrated commercial real estate loan portfolio.
The efficiency ratio volatility, which peaked at 64.8% in 2024Q4, highlights the difficulty of managing a high fixed-cost base when revenue growth is stagnant. This suggests that the bank's ability to improve its efficiency ratio is highly dependent on its success in controlling non-interest expenses while navigating the competitive North Bay interest rate environment.
Based on the provided data, the bank maintains a consistently high equity-to-assets ratio of approximately 0.10, which indicates a fortress-like capital position that provides a substantial buffer against credit losses but simultaneously suppresses the bank's ability to optimize its return on equity for shareholders.
While this conservative capital posture protects the institution from localized economic shocks, it may be viewed as an inefficient use of capital in a low-growth environment. Investors should monitor whether management intends to deploy this excess capital through strategic loan growth or if it will continue to prioritize balance sheet stability over capital return.
The P/E ratio is frequently misapplied to SSBI, as it obscures the volatility caused by lumpy SBA loan sales and significant credit loss provisioning, which can lead to misleading conclusions about the bank's core earnings power and long-term profitability potential.
Analysts should instead focus on the Price-to-Tangible-Book (P/TBV) ratio, as it provides a more stable valuation metric that accounts for the bank's high capital levels and the underlying value of its assets. Relying on P/E in this context may lead to erroneous conclusions about the bank's valuation, as it fails to capture the impact of non-recurring items on the bottom line.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying SSBI stock.
Summit State Bank's current P/E ratio is 13.2x. The historical average is 14.2x. This places it at the 58th percentile of its historical range.
Summit State Bank's current EV/EBITDA is 3.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
Summit State Bank's return on equity (ROE) is 7.0%. The historical average is 8.2%.
Based on historical data, Summit State Bank is trading at a P/E of 13.2x. This is at the 58th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Summit State Bank has 55.8% gross margin and 15.2% operating margin. Operating margin between 10-20% is typical for established companies.
Summit State Bank's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.