Banner Corporation (BANR) Key Metrics
BANR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.48B
- Enterprise value
- $2.42B
- P/E (TTM)
- 11.2 10-yr median 13.2
- Forward P/E
- 12.4
- PEG ratio
- 1.83
- Price / sales
- 3.7 10-yr median 3.2
- Price / book
- 1.3 10-yr median 0.2
- EV / EBITDA
- — 10-yr median 8.6
- Dividend yield
- 3.02% $2.04 a year
- Beta
- 0.82
BANR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBANR valuation Price multiples at each fiscal year-end price.
BANR returns How much profit the business earns on the capital it uses.
BANR per-share figures Results divided by the shares outstanding at year-end.
BANR financial health Debt, liquidity and how easily interest is covered.
BANR efficiency & capital use Working capital cycle and where the cash goes.
BANR valuation history
BANR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BANR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BANR cash returned to shareholders
BANR price vs earnings per share
BANR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.16B | $2.31B | $1.85B | $2.18B | $2.12B | $1.66B | $1.98B | $1.76B | $1.82B | $1.89B |
| Enterprise value | $2.30B | $2.39B | $2.30B | −$150.5M | −$2.84B | −$1.30B | $775.8M | $742.9M | $928.0M | $1.30B |
| P/E ratio | 11.0 | 13.7 | 10.0 | 11.1 | 10.5 | 14.3 | 13.5 | 12.9 | 29.9 | 22.1 |
| Price / sales | 2.6 | 2.8 | 2.5 | 3.4 | 3.4 | 2.6 | 3.2 | 3.2 | 3.7 | 4.0 |
| Price / book | 1.1 | 1.3 | 1.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| Price / free cash flow | 8.7 | 8.3 | 7.6 | 9.8 | 7.3 | 14.7 | 15.9 | 229.0 | 5.4 | — |
| Price / operating cash flow | 8.4 | 7.9 | 7.2 | 9.1 | 7.0 | 13.2 | 13.3 | 57.2 | 5.2 | — |
| EV / sales | 2.8 | 2.9 | 3.1 | -0.2 | -4.5 | -2.0 | 1.3 | 1.4 | 1.9 | 2.7 |
| EV / EBITDA | 8.9 | 10.4 | 9.3 | — | — | — | 3.7 | 4.0 | 5.4 | 8.6 |
| EV / free cash flow | 9.3 | 8.6 | 9.5 | — | — | — | 6.2 | 96.7 | 2.8 | — |
| Earnings yield | 9.1% | 7.3% | 10.0% | 9.0% | 9.5% | 7.0% | 7.4% | 7.8% | 3.3% | 4.5% |
| Free cash flow yield | 11.5% | 12.1% | 13.1% | 10.3% | 13.7% | 6.8% | 6.3% | 0.4% | 18.4% | −4.9% |
| Dividend yield | 3.1% | 2.9% | 3.6% | 2.8% | 2.7% | 5.7% | 2.8% | 3.4% | 3.6% | 1.5% |
| Shareholder yield (dividends + buybacks) | 4.8% | 3.0% | 3.8% | 3.3% | 5.4% | 7.6% | 5.6% | 5.3% | 5.3% | 4.2% |
| Share price at fiscal year-end | $62.66 | $66.77 | $53.56 | $63.20 | $60.67 | $46.59 | $56.59 | $53.48 | $55.12 | $55.81 |
| Per share | ||||||||||
| Revenue per share | $23.82 | $23.89 | $21.53 | $18.66 | $18.06 | $17.92 | $17.72 | $16.72 | $14.80 | $13.95 |
| Earnings per share | $5.68 | $4.88 | $5.33 | $5.67 | $5.76 | $3.26 | $4.18 | $4.15 | $1.84 | $2.52 |
| Operating cash flow per share | $7.48 | $8.47 | $7.47 | $6.91 | $8.64 | $3.53 | $4.26 | $0.94 | $10.51 | −$2.24 |
| Free cash flow per share | $7.21 | $8.07 | $7.04 | $6.48 | $8.34 | $3.17 | $3.55 | $0.23 | $10.14 | −$2.72 |
| Cash per share | $6.56 | $15.16 | $7.39 | $87.99 | $165.33 | $100.11 | $53.17 | $58.02 | $35.79 | $31.14 |
| Book value per share | $56.56 | $51.24 | $47.97 | $451.38 | $471.85 | $411.13 | $344.17 | $341.00 | $292.98 | $284.88 |
| Tangible book value per share | $45.68 | $40.38 | $36.98 | $440.28 | $460.74 | $400.03 | $332.66 | $329.69 | $284.93 | $276.77 |
| Dividends per share | $1.96 | $1.93 | $1.94 | $1.77 | $1.65 | $2.65 | $1.60 | $1.80 | $1.99 | $0.84 |
| Capex per share | $0.28 | $0.40 | $0.43 | $0.43 | $0.30 | $0.36 | $0.71 | $0.70 | $0.37 | $0.48 |
| Debt per share | $10.83 | $17.51 | $20.72 | $20.42 | $23.25 | $16.96 | $18.77 | $27.12 | $8.80 | $13.63 |
| Shares outstanding | 34.4M | 34.6M | 34.5M | 34.5M | 34.9M | 35.5M | 35.0M | 32.9M | 33.0M | 33.9M |
| Change in shares outstanding | −0.6% | +0.5% | −0.0% | −1.3% | −1.7% | +1.6% | +6.3% | −0.3% | −2.6% | +41.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.5% | 9.9% | 2.1% | 1.2% | 1.3% | 0.9% | 1.3% | 1.3% | 0.6% | 0.9% |
| Return on invested capital (ROIC) | 10.0% | 8.5% | 2.4% | 1.6% | 1.7% | 1.0% | 1.4% | 1.4% | 0.8% | 1.0% |
| Return on assets (ROA) | 1.2% | 1.1% | 1.2% | 1.2% | 1.3% | 0.8% | 1.2% | 1.3% | 0.6% | 0.9% |
| Return on tangible assets | 1.2% | 1.1% | 1.2% | 1.3% | 1.2% | 0.8% | 1.2% | 1.2% | 0.6% | 0.9% |
| Free cash flow margin | 30.3% | 33.8% | 32.7% | 34.7% | 46.1% | 17.7% | 20.0% | 1.4% | 68.5% | −19.5% |
| Income quality (OCF / net income) | 1.32 | 1.74 | 1.40 | 1.22 | 1.50 | 1.08 | 1.02 | 0.23 | 5.70 | −0.89 |
| Financial health | ||||||||||
| Total debt | $372.6M | $606.5M | $713.8M | $703.8M | $811.8M | $602.6M | $656.3M | $892.1M | $290.4M | $461.3M |
| Cash & short-term investments | $225.7M | $525.1M | $254.5M | $3.03B | $5.77B | $3.56B | $1.86B | $1.91B | $1.18B | $1.05B |
| Net debt | $146.9M | $81.3M | $459.3M | −$2.33B | −$4.96B | −$2.95B | −$1.20B | −$1.02B | −$890.3M | −$592.9M |
| Debt / equity | 0.19 | 0.34 | 0.43 | 0.05 | 0.05 | 0.04 | 0.05 | 0.08 | 0.03 | 0.05 |
| Debt / assets | 0.02 | 0.04 | 0.05 | 0.04 | 0.05 | 0.04 | 0.05 | 0.08 | 0.03 | 0.05 |
| Net debt / EBITDA | 0.57 | 0.35 | 1.85 | −8.85 | −18.34 | −17.55 | −5.78 | −5.45 | −5.17 | −3.95 |
| Current ratio | 0.02 | 0.04 | 0.02 | 0.29 | 0.53 | 0.38 | 0.26 | 1.17 | 1.55 | 0.30 |
| Quick ratio | 0.02 | 0.04 | 0.85 | 0.35 | 0.75 | 0.51 | 0.31 | 1.38 | 1.95 | 0.39 |
| Interest coverage | 1.1 | 0.9 | 1.8 | 12.4 | 10.4 | 3.8 | 3.2 | 5.1 | 7.9 | 7.9 |
| Working capital | −$13.86B | −$13.05B | −$12.89B | −$7.39B | −$5.22B | −$5.95B | −$5.52B | $286.8M | $430.5M | −$2.48B |
| Invested capital | $2.09B | $1.86B | $2.11B | $13.23B | $11.52B | $11.65B | $10.83B | $10.20B | $8.77B | $9.05B |
| Tangible asset value | $1.57B | $1.40B | $1.27B | $15.17B | $16.09B | $14.21B | $11.63B | $10.84B | $9.40B | $9.37B |
| Net current asset value | −$14.12B | −$13.84B | −$13.70B | $2.81B | $5.49B | $3.18B | $1.33B | $1.29B | $1.11B | $934.9M |
| Graham number | $85.01 | $74.99 | $75.85 | $239.96 | $247.24 | $173.73 | $179.98 | $178.44 | $110.21 | $127.15 |
| Graham net-net per share | −$410.86 | −$400.10 | −$557.48 | $72.01 | $120.99 | $70.76 | $32.38 | $33.85 | $28.73 | $22.76 |
| Capital allocation | ||||||||||
| Dividends paid | $67.5M | $66.7M | $66.8M | $61.1M | $57.6M | $94.1M | $56.1M | $59.3M | $65.8M | $28.3M |
| Share buybacks (net) | $35.0M | $2.2M | $3.5M | $11.0M | $56.5M | $31.8M | $53.9M | $34.4M | $31.0M | $50.8M |
| Dividend payout ratio | 34.6% | 39.5% | 36.4% | 31.3% | 28.7% | 81.2% | 38.3% | 43.4% | 108.2% | 33.1% |
| Dividends + buybacks / free cash flow | 41.3% | 24.7% | 29.0% | 32.3% | 39.2% | 111.8% | 88.6% | — | 28.9% | — |
| Capex / revenue | 1.2% | 1.7% | 2.0% | 2.3% | 1.7% | 2.0% | 4.0% | 4.2% | 2.5% | 3.4% |
| Capex / operating cash flow | 3.7% | 4.7% | 5.7% | 6.2% | 3.5% | 10.2% | 16.6% | 75.0% | 3.5% | — |
| Capex / depreciation | 0.53 | 0.66 | 0.68 | 0.66 | 0.44 | 0.50 | 0.97 | 1.09 | 0.58 | 0.79 |
| Stock-based compensation / revenue | 2.1% | 1.2% | 1.2% | 1.4% | 1.5% | 1.4% | 1.2% | 1.2% | 1.2% | 0.9% |
| SG&A / revenue | 41.8% | 32.3% | 35.0% | 39.3% | 40.6% | 40.6% | 38.3% | 39.2% | 42.1% | 41.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.0 | 27.3 | 29.6 | 28.4 | 25.9 | 24.3 | 22.6 | 23.2 | 23.0 | 23.1 |
| Days of inventory on hand | — | — | -15,535.9 | -19,225.4 | 71,134.6 | -2,897.9 | -1,944.6 | -2,901.8 | -4,210.4 | -2,537.2 |
| Days payables outstanding | — | — | — | 89,108.0 | -271,157.3 | 743.2 | 901.9 | 768.9 | 955.8 | 1,202.8 |
| Cash conversion cycle (days) | — | — | — | -108,305.0 | 342,317.8 | -3,616.9 | -2,823.9 | -3,647.5 | -5,143.3 | -3,716.8 |
| Receivables turnover | 13.50 | 13.35 | 12.32 | 12.84 | 14.09 | 15.05 | 16.19 | 15.75 | 15.90 | 15.79 |
| Payables turnover | — | — | — | 0.00 | −0.00 | 0.49 | 0.40 | 0.47 | 0.38 | 0.30 |
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Average receivables | $60.7M | $62.0M | $60.2M | $50.1M | $44.8M | $42.3M | $38.3M | $34.9M | $30.7M | $29.9M |
| Average payables | — | — | — | $7.26B | $7.26B | $215.3M | $165.0M | $86.7M | $71.4M | $73.9M |
| Average inventory | — | — | −$5.80B | −$1.57B | −$1.91B | −$839.4M | −$355.7M | −$327.2M | −$314.3M | −$156.0M |
| Intangibles / total assets | 2.3% | 2.3% | 2.4% | 2.4% | 2.3% | 2.6% | 3.2% | 3.1% | 2.7% | 2.8% |
Computed from BANR's annual financial statements (latest annual report filed February 25, 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.
BANR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Banner traded at 11.0 times earnings, against a 10-year median of 13.2. Based on the latest twelve months, the trailing P/E is 11.2 and the forward P/E is 12.4. Banner earned a return on equity of 10.5% and a return on invested capital of 10.0% in fiscal 2025. It ended the year with $372.6 million of debt and $225.7 million in cash and short-term investments, net debt of $146.9 million. It returned $102.5 million to shareholders: $67.5 million in dividends and $35.0 million in share buybacks, 41% of free cash flow.
See the BANR income statement, the BANR chart for price history, or the BANR stock overview for the latest quote and news.
BANR key metrics FAQ
What is Banner's P/E ratio?
Banner's trailing P/E ratio is 11.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.4. At the end of fiscal 2025 it was 11.0, compared with a 10-year median of 13.2.
What is Banner's EV/EBITDA?
Banner's enterprise value was 8.9 times EBITDA at the end of fiscal 2025 (enterprise value $2.3 billion, EBITDA $259.4 million).
What is Banner's return on equity?
Banner's return on equity (ROE) was 10.5% in fiscal 2025: net income of $195.4 million on average shareholders' equity of $1.9 billion.
What is Banner's ROIC?
Banner's return on invested capital was 10.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Banner have?
Banner had total debt of $372.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.19 and $146.9 million of net debt (0.57 times EBITDA).
What is Banner's dividend yield?
Banner's forward dividend yield is 3.02%. Banner paid $67.5 million in dividends in fiscal 2025 ($1.96 per share), a payout ratio of 34.6%.
Does Banner buy back its shares?
Yes. Banner spent $35.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.6% over the year, to 34.4M..
What is Banner's free cash flow yield?
Banner generated $247.9 million of free cash flow in fiscal 2025, a free cash flow yield of 11.5% on its market value at year-end ($2.2 billion).
What is Banner's current ratio?
Banner's current ratio was 0.02 at the end of fiscal 2025: current assets were 0.02 times current liabilities.