Alerus Financial Corporation (ALRS) Key Metrics
ALRS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $781.2M
- Enterprise value
- $1.12B
- P/E (TTM)
- 29.0 10-yr median 14.3
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 3.2 10-yr median 1.7
- Price / book
- 1.4 10-yr median 1.3
- EV / EBITDA
- — 10-yr median 3.2
- Dividend yield
- 2.81% $0.88 a year
- Beta
- 0.70
ALRS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsALRS valuation Price multiples at each fiscal year-end price.
ALRS returns How much profit the business earns on the capital it uses.
ALRS per-share figures Results divided by the shares outstanding at year-end.
ALRS financial health Debt, liquidity and how easily interest is covered.
ALRS efficiency & capital use Working capital cycle and where the cash goes.
ALRS valuation history
ALRS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ALRS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ALRS cash returned to shareholders
ALRS price vs earnings per share
ALRS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $578.7M | $410.2M | $451.0M | $440.9M | $512.0M | $477.3M | $344.9M | $270.7M | $286.4M | $238.0M |
| Enterprise value | $950.3M | $74.6M | $213.2M | $108.2M | −$520.8M | −$221.4M | −$41.8M | $132.2M | −$13.8M | −$186.8M |
| P/E ratio | 33.2 | 23.1 | 38.6 | 11.0 | 9.7 | 10.7 | 11.7 | 10.5 | 19.1 | 17.0 |
| Price / sales | 1.8 | 1.2 | 1.9 | 2.0 | 2.2 | 2.0 | 1.7 | 1.4 | 1.6 | 1.4 |
| Price / book | 1.0 | 0.8 | 1.2 | 1.2 | 1.4 | 1.4 | 1.2 | 1.4 | 1.6 | 1.4 |
| Price / free cash flow | 9.8 | 24.7 | 17.5 | 4.4 | 3.5 | — | 21.1 | 5.4 | 6.4 | 7.4 |
| Price / operating cash flow | 8.6 | 14.2 | 15.6 | 4.3 | 3.4 | — | 17.9 | 5.1 | 6.0 | 7.0 |
| EV / sales | 2.9 | 0.2 | 0.9 | 0.5 | -2.2 | -0.9 | -0.2 | 0.7 | -0.1 | -1.1 |
| EV / EBITDA | 23.8 | 2.0 | 8.8 | 1.8 | — | — | — | 3.2 | — | — |
| EV / free cash flow | 16.2 | 4.5 | 8.3 | 1.1 | — | — | — | 2.7 | — | — |
| Earnings yield | 3.0% | 4.3% | 2.6% | 9.1% | 10.3% | 9.4% | 8.6% | 9.6% | 5.2% | 5.9% |
| Free cash flow yield | 10.2% | 4.0% | 5.7% | 22.9% | 28.8% | −5.5% | 4.7% | 18.4% | 15.7% | 13.6% |
| Dividend yield | 3.6% | 3.8% | 3.3% | 2.9% | 2.1% | 2.2% | 2.6% | 2.8% | 2.3% | 2.6% |
| Shareholder yield (dividends + buybacks) | 3.7% | 3.8% | 4.8% | 3.1% | 2.2% | 2.3% | 3.1% | 2.9% | 2.5% | 2.8% |
| Share price at fiscal year-end | $22.52 | $19.24 | $22.39 | $23.35 | $29.28 | $27.37 | $22.85 | $19.25 | $20.45 | $17.00 |
| Per share | ||||||||||
| Revenue per share | $12.76 | $15.87 | $12.08 | $11.89 | $13.48 | $13.75 | $13.56 | $13.39 | $12.60 | $12.33 |
| Earnings per share | $0.68 | $0.83 | $0.58 | $2.12 | $3.01 | $2.56 | $1.96 | $1.84 | $1.07 | $1.00 |
| Operating cash flow per share | $2.63 | $1.36 | $1.44 | $5.45 | $8.53 | −$1.28 | $1.28 | $3.81 | $3.42 | $2.43 |
| Free cash flow per share | $2.29 | $0.78 | $1.28 | $5.36 | $8.43 | −$1.50 | $1.08 | $3.54 | $3.21 | $2.31 |
| Cash per share | $2.68 | $30.61 | $30.61 | $41.07 | $62.68 | $43.89 | $30.10 | $20.68 | $27.77 | $34.59 |
| Book value per share | $21.98 | $23.24 | $18.33 | $18.90 | $20.55 | $18.93 | $18.93 | $14.01 | $12.89 | $12.06 |
| Tangible book value per share | $17.35 | $16.79 | $15.05 | $15.08 | $17.49 | $15.60 | $15.65 | $10.14 | $8.67 | $7.42 |
| Dividends per share | $0.81 | $0.72 | $0.74 | $0.68 | $0.61 | $0.60 | $0.59 | $0.53 | $0.48 | $0.44 |
| Capex per share | $0.34 | $0.58 | $0.16 | $0.09 | $0.10 | $0.22 | $0.19 | $0.27 | $0.21 | $0.12 |
| Debt per share | $17.14 | $14.87 | $18.81 | $23.45 | $3.61 | $3.82 | $4.48 | $10.83 | $6.34 | $4.25 |
| Shares outstanding | 25.7M | 21.3M | 20.1M | 18.9M | 17.5M | 17.4M | 15.1M | 14.1M | 14.0M | 14.0M |
| Change in shares outstanding | +20.5% | +5.8% | +6.7% | +8.0% | +0.3% | +15.5% | +7.3% | +0.4% | +0.0% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.3% | 4.1% | 3.2% | 11.2% | 15.3% | 14.5% | 12.2% | 13.7% | 8.6% | 8.0% |
| Return on invested capital (ROIC) | 3.2% | 12.2% | 15.0% | — | — | — | — | — | — | — |
| Return on assets (ROA) | 0.3% | 0.4% | 0.3% | 1.1% | 1.6% | 1.7% | 1.3% | 1.2% | 0.7% | 0.7% |
| Return on tangible assets | 0.3% | 0.3% | 0.3% | 1.1% | 1.6% | 1.5% | 1.3% | 1.2% | 0.7% | 0.7% |
| Free cash flow margin | 17.9% | 4.9% | 10.6% | 45.1% | 62.5% | −10.9% | 8.0% | 26.4% | 25.5% | 18.7% |
| Income quality (OCF / net income) | 3.87 | 1.63 | 2.48 | 2.57 | 2.83 | −0.50 | 0.65 | 2.07 | 3.19 | 2.42 |
| Financial health | ||||||||||
| Total debt | $440.5M | $317.0M | $378.9M | $442.8M | $63.2M | $66.6M | $67.6M | $152.3M | $88.8M | $59.5M |
| Cash & short-term investments | $69.0M | $652.6M | $616.6M | $775.6M | $1.10B | $765.3M | $454.4M | $290.8M | $389.0M | $484.3M |
| Net debt | $371.6M | −$335.6M | −$237.8M | −$332.7M | −$1.03B | −$698.7M | −$386.7M | −$138.5M | −$300.2M | −$424.8M |
| Debt / equity | 0.78 | 0.64 | 1.03 | 1.24 | 0.18 | 0.20 | 0.24 | 0.77 | 0.49 | 0.35 |
| Debt / assets | 0.08 | 0.06 | 0.10 | 0.12 | 0.02 | 0.02 | 0.03 | 0.07 | 0.04 | 0.03 |
| Net debt / EBITDA | 9.32 | −8.82 | −9.76 | −5.51 | −13.26 | −10.36 | −8.11 | −3.32 | −7.09 | −13.05 |
| Current ratio | 0.29 | 0.16 | 0.20 | 0.25 | 0.38 | 0.30 | 0.24 | 0.17 | 0.22 | 0.28 |
| Quick ratio | 0.29 | 0.16 | 0.17 | 0.27 | 0.48 | 0.38 | 0.32 | 0.17 | 0.22 | 0.28 |
| Interest coverage | 0.2 | 0.2 | 0.2 | 3.3 | 12.4 | 4.8 | 2.1 | 2.6 | 4.1 | 3.0 |
| Working capital | −$219.9M | −$3.90B | −$2.73B | −$2.53B | −$1.84B | −$1.82B | −$1.52B | −$1.58B | −$1.48B | −$1.31B |
| Invested capital | $936.5M | $159.8M | $131.4M | $24.1M | −$673.3M | −$368.5M | −$101.0M | $58.4M | −$119.6M | −$256.0M |
| Tangible asset value | $445.9M | $358.0M | $303.1M | $284.7M | $305.8M | $272.1M | $236.2M | $142.5M | $121.4M | $104.0M |
| Net current asset value | −$4.58B | −$4.05B | −$2.86B | −$2.59B | −$1.90B | −$1.89B | −$1.59B | −$1.66B | −$1.53B | −$1.37B |
| Graham number | $18.32 | $20.88 | $15.47 | $30.01 | $37.33 | $33.04 | $28.87 | $24.07 | $17.63 | $16.49 |
| Graham net-net per share | −$178.23 | −$190.96 | −$140.28 | −$140.34 | −$117.44 | −$114.76 | −$111.72 | −$119.10 | −$110.47 | −$98.45 |
| Capital allocation | ||||||||||
| Dividends paid | $20.8M | $15.4M | $14.8M | $12.8M | $10.8M | $10.4M | $8.9M | $7.5M | $6.7M | $6.2M |
| Share buybacks (net) | $737,000 | $276,000 | $6.6M | $738,000 | $712,000 | $482,000 | $1.9M | $356,000 | $294,000 | $357,000 |
| Dividend payout ratio | 119.4% | 86.9% | 126.7% | 32.0% | 20.4% | 23.3% | 30.2% | 28.8% | 44.9% | 44.1% |
| Dividends + buybacks / free cash flow | 36.6% | 94.8% | 83.5% | 13.4% | 7.8% | — | 66.4% | 15.7% | 15.6% | 20.3% |
| Capex / revenue | 2.7% | 3.7% | 1.3% | 0.8% | 0.7% | 1.6% | 1.4% | 2.0% | 1.7% | 1.0% |
| Capex / operating cash flow | 12.9% | 42.7% | 10.9% | 1.7% | 1.1% | — | 15.1% | 7.0% | 6.2% | 5.0% |
| Capex / depreciation | 0.50 | 0.83 | 0.37 | 0.22 | 0.19 | 0.43 | 0.33 | 0.43 | 0.30 | 0.15 |
| Stock-based compensation / revenue | 0.8% | 0.5% | −0.5% | 0.8% | 1.3% | 0.8% | 0.9% | 1.0% | 0.5% | 0.8% |
| SG&A / revenue | 30.9% | 26.8% | 32.6% | 37.4% | 41.0% | 38.5% | 37.7% | 38.7% | 40.2% | 51.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 43.4 | 61.3 | 79.0 | 65.3 | 43.4 | 33.9 | 37.9 | 46.9 | 52.8 | 47.8 |
| Days of inventory on hand | — | — | 66.6 | -4,130.7 | -42,775.8 | -2,928.6 | -1,189.1 | 5.6 | 35.2 | 47.1 |
| Days payables outstanding | — | — | — | 34,374.3 | 262,981.8 | 15,891.4 | 26,235.4 | 31,242.2 | 58,742.9 | 32,392.2 |
| Cash conversion cycle (days) | — | — | — | -38,439.7 | -305,714.2 | -18,786.0 | -27,386.5 | -31,189.7 | -58,654.9 | -32,297.3 |
| Receivables turnover | 8.40 | 5.96 | 4.62 | 5.59 | 8.41 | 10.76 | 9.62 | 7.79 | 6.91 | 7.64 |
| Payables turnover | — | — | — | 0.01 | 0.00 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | 5.48 | — | — | — | — | 64.89 | 10.38 | 7.75 |
| Asset turnover | 0.06 | 0.07 | 0.06 | 0.06 | 0.07 | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 |
| Average receivables | $39.0M | $56.8M | $52.7M | $40.2M | $28.0M | $22.3M | $21.3M | $24.2M | $25.5M | $22.6M |
| Average payables | — | — | — | $1.49B | $1.48B | $1.01B | $1.87B | $1.81B | $1.81B | $893.0M |
| Average inventory | — | — | $14.4M | −$179.4M | −$241.2M | −$185.8M | −$84.9M | $325,000 | $1.1M | $1.3M |
| Intangibles / total assets | 2.3% | 2.6% | 1.7% | 1.9% | 1.6% | 1.9% | 2.1% | 2.5% | 2.8% | 3.2% |
Computed from ALRS's annual financial statements (latest annual report filed March 4, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ALRS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Alerus Financial traded at 33.2 times earnings, against a 10-year median of 14.3. Based on the latest twelve months, the trailing P/E is 29.0. Alerus Financial earned a return on equity of 3.3% and a return on invested capital of 3.2% in fiscal 2025. It ended the year with $440.5 million of debt and $69.0 million in cash and short-term investments, net debt of $371.6 million. It returned $21.6 million to shareholders: $20.8 million in dividends and $0.7 million in share buybacks, 37% of free cash flow. The share count rose 83.5% from 14.0M to 25.7M over 9 years.
See the ALRS income statement, the ALRS chart for price history, or the ALRS stock overview for the latest quote and news.
ALRS key metrics FAQ
What is Alerus Financial's P/E ratio?
Alerus Financial's trailing P/E ratio is 29.0 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 33.2, compared with a 10-year median of 14.3.
What is Alerus Financial's EV/EBITDA?
Alerus Financial's enterprise value was 23.8 times EBITDA at the end of fiscal 2025 (enterprise value $950.3 million, EBITDA $39.9 million).
What is Alerus Financial's return on equity?
Alerus Financial's return on equity (ROE) was 3.3% in fiscal 2025: net income of $17.4 million on average shareholders' equity of $530.2 million.
What is Alerus Financial's ROIC?
Alerus Financial's return on invested capital was 3.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Alerus Financial have?
Alerus Financial had total debt of $440.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.78 and $371.6 million of net debt (9.32 times EBITDA).
What is Alerus Financial's dividend yield?
Alerus Financial's forward dividend yield is 2.81%. Alerus Financial paid $20.8 million in dividends in fiscal 2025 ($0.81 per share), a payout ratio of 119.4%.
Does Alerus Financial buy back its shares?
Yes. Alerus Financial spent $0.7 million on net share repurchases in fiscal 2025 Shares outstanding changed +20.5% over the year, to 25.7M..
What is Alerus Financial's free cash flow yield?
Alerus Financial generated $58.8 million of free cash flow in fiscal 2025, a free cash flow yield of 10.2% on its market value at year-end ($578.7 million).
What is Alerus Financial's current ratio?
Alerus Financial's current ratio was 0.29 at the end of fiscal 2025: current assets were 0.29 times current liabilities.