Latest Ratios: P/E Ratio 17.4x · EV/EBITDA 16.8x · ROE 6.5%. (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 | $3.8B | $3.0B | $2.0B | $1.9B | $2.2B | $2.3B | $2.0B | $2.1B | $1.8B | $1.8B | $1.7B |
| Enterprise Value | $5.2B | $4.4B | $2.9B | $3.0B | $2.9B | $1.5B | $2.1B | $3.8B | $3.5B | $3.0B | $2.9B |
| P/E Ratio → | 17.39 | 14.71 | 14.40 | 12.50 | 12.25 | 9.91 | 16.93 | 13.35 | 12.57 | 19.00 | 19.94 |
| P/S Ratio | 2.64 | 2.08 | 2.15 | 2.26 | 3.56 | 3.77 | 3.05 | 3.58 | 3.53 | 4.30 | 4.76 |
| P/B Ratio | 0.87 | 0.74 | 0.73 | 0.74 | 0.92 | 0.85 | 0.73 | 0.82 | 0.91 | 1.28 | 1.29 |
| P/FCF | 13.50 | 10.65 | 10.16 | 12.70 | 11.35 | 7.01 | 38.74 | 14.05 | 9.61 | 13.17 | 14.21 |
| P/OCF | 13.02 | 10.27 | 9.66 | 11.01 | 10.91 | 6.83 | 33.83 | 13.00 | 9.37 | 12.61 | 13.97 |
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 | — | 3.10 | 3.10 | 3.64 | 4.70 | 2.47 | 3.17 | 6.38 | 6.78 | 7.13 | 8.07 |
| EV / EBITDA | 16.83 | 14.27 | 14.68 | 14.41 | 11.79 | 4.77 | 13.16 | 18.49 | 18.68 | 18.72 | 23.10 |
| EV / EBIT | 18.56 | 15.74 | 15.89 | 15.48 | 12.44 | 4.99 | 14.44 | 19.60 | 19.79 | 20.04 | 24.91 |
| EV / FCF | — | 15.87 | 14.66 | 20.46 | 14.99 | 4.59 | 40.24 | 25.06 | 18.45 | 21.84 | 24.10 |
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 | 62.9% | 62.9% | 61.3% | 69.9% | 94.0% | 106.1% | 74.4% | 83.9% | 85.2% | 87.5% | 88.6% |
| Operating Margin | 19.7% | 19.7% | 19.5% | 23.5% | 37.8% | 49.5% | 21.9% | 32.5% | 34.3% | 35.6% | 32.4% |
| Net Profit Margin | 15.5% | 15.5% | 16.0% | 19.3% | 30.7% | 39.7% | 18.5% | 26.7% | 28.1% | 22.7% | 23.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | 5.7% | 6.4% | 7.5% | 8.9% | 4.6% | 6.9% | 8.5% | 6.9% | 7.0% |
| ROA | 1.0% | 1.0% | 0.8% | 0.9% | 1.1% | 1.5% | 0.8% | 1.1% | 1.3% | 1.0% | 0.9% |
| ROIC | 4.3% | 4.3% | 3.3% | 3.7% | 5.3% | 6.6% | 2.6% | 3.5% | 4.0% | 4.1% | 3.5% |
| ROCE | 1.8% | 1.8% | 4.2% | 4.8% | 6.9% | 8.7% | 3.5% | 5.2% | 6.2% | 5.8% | 4.8% |
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 | 0.41 | 0.41 | 0.53 | 0.68 | 0.46 | 0.17 | 0.36 | 0.73 | 0.92 | 0.93 | 0.99 |
| Debt / EBITDA | 5.35 | 5.35 | 7.34 | 8.32 | 4.50 | 1.46 | 6.18 | 9.27 | 9.87 | 8.17 | 10.49 |
| Net Debt / Equity | — | 0.36 | 0.32 | 0.45 | 0.29 | -0.29 | 0.03 | 0.64 | 0.84 | 0.85 | 0.90 |
| Net Debt / EBITDA | 4.69 | 4.69 | 4.51 | 5.47 | 2.86 | -2.51 | 0.49 | 8.12 | 8.95 | 7.43 | 9.49 |
| Debt / FCF | — | 5.21 | 4.50 | 7.76 | 3.64 | -2.42 | 1.49 | 11.00 | 8.84 | 8.67 | 9.90 |
| Interest Coverage | 0.62 | 0.62 | 0.53 | 0.84 | 6.01 | 11.17 | 2.35 | 2.29 | 2.58 | 3.52 | 3.59 |
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 | 0.25 | 0.25 | 0.06 | 0.22 | 0.23 | 0.32 | 0.23 | 0.24 | 0.25 | 0.19 | 0.19 |
| Quick Ratio | 0.25 | 0.25 | 0.06 | 0.22 | 0.23 | 0.32 | 0.23 | 0.24 | 0.25 | 0.19 | 0.19 |
| Cash Ratio | 0.16 | 0.16 | 0.04 | 0.04 | 0.03 | 0.09 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 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 | 3.6% | 4.2% | 4.3% | 4.4% | 3.7% | 3.8% | 4.2% | 3.1% | 3.0% | 2.5% | 2.2% |
| Payout Ratio | 56.1% | 56.1% | 57.7% | 51.7% | 42.3% | 35.7% | 69.9% | 41.9% | 37.4% | 47.5% | 43.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 6.8% | 6.9% | 8.0% | 8.2% | 10.1% | 5.9% | 7.5% | 8.0% | 5.3% | 5.0% |
| FCF Yield | 7.4% | 9.4% | 9.8% | 7.9% | 8.8% | 14.3% | 2.6% | 7.1% | 10.4% | 7.6% | 7.0% |
| Buyback Yield | 4.0% | 5.1% | 0.0% | 0.2% | 5.2% | 7.8% | 1.2% | 0.5% | 0.0% | 0.0% | 0.2% |
| Total Shareholder Yield | 7.5% | 9.3% | 4.3% | 4.6% | 8.9% | 11.6% | 5.4% | 3.6% | 3.0% | 2.5% | 2.4% |
| Shares Outstanding | — | $90M | $63M | $59M | $60M | $66M | $67M | $56M | $49M | $44M | $40M |
CRE concentration and integration
As reported in recent financial data, WesBanco trades at a P/B of 0.86, which suggests the market currently prices the bank as a commodity lender rather than a diversified financial services firm, despite its unique trust-based fee income stream and recent inorganic expansion efforts.
The current valuation multiple appears to reflect skepticism regarding the bank's ability to sustain profitability following its aggressive acquisition phase. Investors should monitor whether the forward P/E of 10.81 begins to compress as the market gains confidence in the long-term accretion of recent deals.
Based on quarterly figures, WesBanco's ROE has struggled to exceed 2.2% in recent periods, indicating that while the bank maintains a fortress-like capital position, its asset utilization and net interest margin remain constrained by the costs of integrating its expanded regional footprint.
The decomposition of profitability suggests that the bank's reliance on interest-earning assets, combined with a relatively high efficiency ratio, limits the potential for ROE expansion. Future profitability improvements may depend on the bank's ability to leverage its trust segment to drive higher-margin, non-interest income.
According to the company's reported metrics, the efficiency ratio fluctuated from a peak of 48.9% in 2025Q2 to 38.7% in 2026Q1, suggesting that management is successfully navigating the operational complexities associated with its recent inorganic growth and regional market expansion.
The volatility in the efficiency ratio appears to be a function of acquisition-related expenses rather than structural cost bloat. Analysts should watch for further stabilization in this metric as the bank achieves economies of scale across its newly acquired branch network.
As indicated by the bank's financial disclosures, the equity-to-assets ratio has remained stable at approximately 0.15 as of 2026Q1, providing a robust capital buffer that supports both dividend sustainability and potential future strategic capital deployment in a competitive regional banking environment.
This conservative capital position suggests that WesBanco is well-positioned to absorb potential credit shocks, particularly within its CRE portfolio. The current capital levels appear to exceed regulatory requirements, offering management significant optionality for future share repurchases or additional bolt-on acquisitions.
Based on an analysis of regional banking metrics, the P/E ratio is frequently misapplied to WesBanco, as it fails to account for the significant volatility introduced by CECL-driven provisioning and purchase accounting accretion from the bank's frequent and material inorganic expansion activities.
Investors should prioritize P/TBV and core ROTCE adjustments to better understand the underlying earnings power of the franchise. Relying on headline P/E figures may lead to an inaccurate assessment of the bank's valuation, as these metrics are often distorted by non-cash accounting entries.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WSBC stock.
WesBanco, Inc.'s current P/E ratio is 17.4x. The historical average is 15.5x. This places it at the 73th percentile of its historical range.
WesBanco, Inc.'s current EV/EBITDA is 16.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.3x.
WesBanco, Inc.'s return on equity (ROE) is 6.5%. The historical average is 8.4%.
Based on historical data, WesBanco, Inc. is trading at a P/E of 17.4x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
WesBanco, Inc.'s current dividend yield is 3.55% with a payout ratio of 56.1%.
WesBanco, Inc. has 62.9% gross margin and 19.7% operating margin. Operating margin between 10-20% is typical for established companies.
WesBanco, Inc.'s Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.