FB Financial
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
15.9014.02
Price/Sales ratio
4.604.21
Earnings per Share (EPS)
$3.21$3.64

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
10.947.4212.2522.1313.3814.5820.5310.9213.6715.5022.4213.38
Price/Sales ratio
2.641.931.943.933.203.382.303.613.233.923.613.20
Price/Book Value ratio
1.651.501.501.941.591.601.011.451.281.281.541.60
Price/Cash Flow ratio
-3.36-7.84-2.0230.845.0619.12-4.8537.872.158.8312.315.06
Price/Free Cash Flow ratio
-3.20-6.94-1.9835.085.3121.40-4.7442.612.189.7612.885.31
Price/Earnings Growth ratio
0.140.15-0.51-2.130.354.77-0.540.07-0.40-5.844.120.35
Dividend Yield
4.17%7.13%13.93%N/A0.57%0.82%1.09%1.03%1.43%1.50%1.31%0.57%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%100%112.03%100%
Operating Profit Margin
32.97%32.56%29.67%31.92%42.23%30.30%14.52%42.22%44.93%45.71%20.19%30.30%
Pretax Profit Margin
25.88%27.70%24.38%24.92%31.62%30.30%14.53%42.22%30.28%31.62%19.83%30.30%
Net Profit Margin
24.19%26.08%15.87%17.77%23.97%23.18%11.21%33.05%23.63%25.29%16.10%23.18%
Effective Tax Rate
6.53%5.83%34.87%28.69%24.20%23.48%22.83%21.70%21.93%19.99%18.82%23.48%
Return on Assets
1.33%1.65%1.23%1.10%1.56%1.36%0.56%1.51%0.96%0.95%0.83%1.36%
Return On Equity
15.08%20.22%12.28%8.78%11.94%10.99%4.92%13.28%9.39%8.26%7.17%10.99%
Return on Capital Employed
1.88%2.07%2.42%2.07%2.75%1.79%0.73%1.92%1.84%1.96%1.17%1.79%
Liquidity Ratios
Current Ratio
N/AN/A0.010.000.020.041.12N/AN/AN/A1.210.02
Quick Ratio
20.99113.0616.8920.20826.12170.50563.071.66K400.400.491.21170.50
Cash ratio
0.514.090.810.2818.7415.70176.71528.0394.410.470.5915.70
Days of Sales Outstanding
37.3713.6910.3316.1715.8117.2528.0424.43N/A73.1528.5415.81
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A28.54N/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A28.54N/A
Debt Ratios
Debt Ratio
0.050.020.050.070.040.05N/AN/A0.010.030.010.05
Debt Equity Ratio
0.660.310.580.550.330.40N/AN/A0.160.270.110.40
Long-term Debt to Capitalization
0.230.190.110.190.250.28N/AN/A0.100.210.100.28
Total Debt to Capitalization
0.400.230.370.350.250.28N/AN/A0.140.210.100.28
Interest Coverage Ratio
N/A5.70N/AN/AN/AN/A1.68N/AN/AN/A0.57N/A
Cash Flow to Debt Ratio
-0.73-0.60-1.250.110.930.20N/AN/A3.550.521.070.93
Company Equity Multiplier
11.2812.259.917.927.648.038.678.799.698.668.267.64
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.78-0.24-0.950.120.630.17-0.470.091.490.440.290.29
Free Cash Flow / Operating Cash Flow Ratio
1.051.131.010.870.950.891.020.880.980.900.950.95
Cash Flow Coverage Ratio
-0.73-0.60-1.250.110.930.20N/AN/A3.550.521.070.93
Short Term Coverage Ratio
-1.33-2.51-1.630.19N/AN/AN/AN/A11.31N/AN/AN/A
Dividend Payout Ratio
45.74%52.97%170.72%N/A7.64%11.98%22.42%11.34%19.67%23.33%28.71%7.64%