Columbia Banking System
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
9.759.38
Price/Sales ratio
1.000.97
Earnings per Share (EPS)
$2.62$2.72

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
34.9132.1142.2538.7325.278.27-1.665.6511.5614.9411.6911.69
Price/Sales ratio
5.426.258.598.396.562.331.961.867.112.921.932.33
Price/Book Value ratio
1.361.862.512.381.970.670.940.861.571.041.071.07
Price/Cash Flow ratio
14.6119.0123.3418.7715.82-36.4027.113.583.657.7711.7811.78
Price/Free Cash Flow ratio
17.7423.3025.1518.9216.10-31.4431.093.673.757.7715.1615.16
Price/Earnings Growth ratio
-3.791.158.536.840.880.090.00-0.05-1.69-0.4711.810.88
Dividend Yield
1.92%1.87%1.43%1.51%2.17%3.47%3.75%3.52%4.67%5.18%5.30%2.17%
Profitability Indicator Ratios
Gross Profit Margin
38.33%36.34%36.47%40.69%46.59%100%100%100%100%100%96.66%46.59%
Operating Profit Margin
16.44%14.37%15.72%18.35%18.90%37.31%-112.50%43.74%70.53%36.03%25.92%18.90%
Pretax Profit Margin
24.11%30.37%31.94%30.15%34.72%37.31%-112.50%43.74%82.28%26.41%22.28%37.31%
Net Profit Margin
15.54%19.47%20.34%21.68%25.98%28.17%-117.68%32.93%61.5%19.54%16.50%28.17%
Effective Tax Rate
35.52%35.89%36.30%28.10%25.17%24.48%-4.60%24.69%25.26%25.99%25.94%25.17%
Return on Assets
0.65%0.95%0.93%0.95%1.17%1.22%-5.21%1.37%1.05%0.66%0.93%1.22%
Return On Equity
3.90%5.79%5.94%6.15%7.79%8.20%-56.32%15.28%13.57%6.98%9.58%7.79%
Return on Capital Employed
0.69%0.70%0.86%1.36%1.42%2.72%-9.48%4.41%2.72%1.23%4.13%1.42%
Liquidity Ratios
Current Ratio
0.31N/AN/A0.290.310.340.04N/AN/AN/A0.100.34
Quick Ratio
N/AN/A1.880.960.940.510.550.490.39N/A0.100.51
Cash ratio
N/AN/A0.360.060.050.110.180.150.07N/A0.060.05
Days of Sales Outstanding
10.698.889.5813.0913.59425.67410.70419.8443.26N/A207.8813.59
Days of Inventory outstanding
-308.93-351.07-461.98-608.66-721.37N/AN/AN/AN/AN/AN/A-721.37
Operating Cycle
-298.23-342.18-452.39-595.56-707.78N/AN/AN/AN/AN/A207.88-707.78
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
-298.23-342.18-452.39-595.56-707.78N/AN/AN/AN/AN/A207.88-707.78
Debt Ratios
Debt Ratio
0.060.050.040.040.040.040.03N/A0.040.080.070.04
Debt Equity Ratio
0.350.320.310.290.280.320.41N/A0.530.870.770.28
Long-term Debt to Capitalization
0.260.240.230.220.210.240.29N/A0.340.460.430.21
Total Debt to Capitalization
0.260.240.230.220.210.240.29N/A0.340.460.430.21
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A10.87N/AN/AN/A0.88N/A
Cash Flow to Debt Ratio
0.250.300.340.430.44-0.050.08N/A0.800.150.11-0.05
Company Equity Multiplier
5.986.076.336.416.646.6810.8011.1412.8410.449.846.64
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.370.320.360.440.41-0.060.070.511.940.370.16-0.06
Free Cash Flow / Operating Cash Flow Ratio
0.820.810.920.990.981.150.870.970.9710.781.15
Cash Flow Coverage Ratio
0.250.300.340.430.44-0.050.08N/A0.800.150.11-0.05
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
67.26%60.35%60.56%58.86%54.99%28.78%-6.26%19.93%54.12%77.50%62.00%54.99%