Carter Bankshares, Inc. (CARE) Key Metrics
CARE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $699.8M
- Enterprise value
- $461.5M
- P/E (TTM)
- 5.2 10-yr median 15.8
- Forward P/E
- 13.7
- PEG ratio
- —
- Price / sales
- 2.4 10-yr median 2.3
- Price / book
- 1.3 10-yr median 1.0
- EV / EBITDA
- —
- Dividend yield
- 1.32% $0.40 a year
- Beta
- 0.59
CARE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCARE valuation Price multiples at each fiscal year-end price.
CARE returns How much profit the business earns on the capital it uses.
CARE per-share figures Results divided by the shares outstanding at year-end.
CARE financial health Debt, liquidity and how easily interest is covered.
CARE efficiency & capital use Working capital cycle and where the cash goes.
CARE valuation history
CARE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CARE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CARE cash returned to shareholders
CARE price vs earnings per share
CARE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $441.5M | $408.8M | $347.9M | $408.0M | $405.4M | $282.8M | $624.8M | $393.9M | $460.8M | $349.0M |
| Enterprise value | $131.3M | −$307.3M | −$32.9M | −$276.7M | −$787.8M | −$702.8M | −$233.7M | −$682.4M | −$755.0M | −$506.7M |
| P/E ratio | 14.1 | 16.7 | 14.9 | 8.1 | 12.8 | — | 23.5 | 33.1 | — | 21.8 |
| Price / sales | 1.7 | 1.7 | 1.6 | 2.3 | 2.6 | 1.7 | 3.7 | 2.5 | 3.2 | 2.4 |
| Price / book | 1.1 | 1.1 | 1.0 | 1.2 | 1.0 | 0.6 | 1.3 | 0.9 | 1.1 | 0.8 |
| Price / free cash flow | 13.9 | 14.2 | 9.4 | 6.3 | 5.9 | — | 20.9 | 11.3 | 11.3 | 11.0 |
| Price / operating cash flow | 11.1 | 11.1 | 7.4 | 5.8 | 5.2 | 36.7 | 16.3 | 8.0 | 10.4 | 10.7 |
| EV / sales | 0.5 | -1.3 | -0.2 | -1.5 | -5.0 | -4.3 | -1.4 | -4.3 | -5.2 | -3.5 |
| EV / EBITDA | 2.7 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 4.1 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 7.1% | 6.0% | 6.7% | 12.3% | 7.8% | −16.2% | 4.3% | 3.0% | −0.1% | 4.6% |
| Free cash flow yield | 7.2% | 7.0% | 10.6% | 15.9% | 17.0% | −0.9% | 4.8% | 8.8% | 8.8% | 9.1% |
| Dividend yield | — | — | — | 0.0% | 0.0% | 1.3% | — | 0.0% | 0.0% | 2.3% |
| Shareholder yield (dividends + buybacks) | 4.5% | 0.0% | 4.7% | 10.5% | 0.0% | 1.3% | — | 0.0% | 0.0% | 2.3% |
| Share price at fiscal year-end | $19.66 | $17.59 | $14.97 | $16.59 | $15.39 | $10.72 | $23.72 | $15.00 | $17.55 | $13.29 |
| Per share | ||||||||||
| Revenue per share | $11.34 | $10.31 | $9.11 | $7.28 | $5.94 | $6.21 | $6.39 | $6.01 | $5.50 | $5.59 |
| Earnings per share | $1.40 | $1.06 | $1.01 | $2.04 | $1.20 | −$1.74 | $1.01 | $0.45 | −$0.03 | $0.61 |
| Operating cash flow per share | $1.78 | $1.59 | $2.01 | $2.88 | $2.94 | $0.29 | $1.45 | $1.88 | $1.69 | $1.24 |
| Free cash flow per share | $1.42 | $1.24 | $1.59 | $2.64 | $2.62 | −$0.09 | $1.13 | $1.32 | $1.55 | $1.21 |
| Cash per share | $21.76 | $33.82 | $33.31 | $35.91 | $45.56 | $38.69 | $32.97 | $40.99 | $46.30 | $32.59 |
| Book value per share | $18.69 | $16.54 | $15.11 | $13.36 | $15.47 | $16.69 | $17.96 | $16.61 | $16.46 | $16.55 |
| Tangible book value per share | $18.59 | $16.54 | $15.11 | $13.36 | $15.47 | $16.69 | $13.24 | $14.24 | $14.18 | $14.27 |
| Dividends per share | — | — | — | $0.00 | $0.00 | $0.14 | — | $0.00 | $0.00 | $0.30 |
| Capex per share | $0.36 | $0.35 | $0.42 | $0.24 | $0.32 | $0.38 | $0.32 | $0.56 | $0.13 | $0.03 |
| Debt per share | $7.95 | $3.01 | $16.93 | $8.07 | $0.27 | $1.33 | $0.38 | — | — | — |
| Shares outstanding | 22.5M | 23.2M | 23.2M | 24.6M | 26.3M | 26.4M | 26.3M | 26.3M | 26.3M | 26.3M |
| Change in shares outstanding | −3.4% | 0.0% | −5.5% | −6.6% | −0.1% | +0.2% | +0.3% | +0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.8% | 6.7% | 6.9% | 13.6% | 7.5% | −10.0% | 5.8% | 2.7% | −0.2% | 3.7% |
| Return on assets (ROA) | 0.7% | 0.5% | 0.5% | 1.2% | 0.8% | −1.1% | 0.7% | 0.3% | −0.0% | 0.3% |
| Return on tangible assets | 0.6% | 0.5% | 0.5% | 1.2% | 0.8% | −1.1% | 0.7% | 0.3% | −0.0% | 0.4% |
| Free cash flow margin | 12.5% | 12.0% | 17.4% | 36.2% | 44.2% | −1.5% | 17.7% | 22.0% | 28.2% | 21.7% |
| Income quality (OCF / net income) | 1.27 | 1.51 | 2.00 | 1.41 | 2.45 | — | 1.44 | 4.15 | — | 2.04 |
| Financial health | ||||||||||
| Total debt | $178.5M | $70.0M | $393.4M | $198.4M | $7.0M | $35.0M | $10.0M | — | — | — |
| Cash & short-term investments | $488.7M | $786.1M | $774.2M | $883.1M | $1.20B | $1.02B | $868.4M | $1.08B | $1.22B | $855.7M |
| Net debt | −$310.2M | −$716.1M | −$380.8M | −$684.7M | −$1.19B | −$985.6M | −$858.4M | −$1.08B | −$1.22B | −$855.7M |
| Debt / equity | 0.43 | 0.18 | 1.12 | 0.60 | 0.02 | 0.08 | 0.02 | — | — | — |
| Debt / assets | 0.04 | 0.02 | 0.09 | 0.05 | 0.00 | 0.01 | 0.00 | — | — | — |
| Net debt / EBITDA | −6.48 | −18.88 | −10.89 | −10.10 | −28.46 | — | −25.92 | −59.83 | — | −40.93 |
| Current ratio | 0.12 | 0.20 | 0.22 | 0.24 | 0.32 | 0.28 | 0.25 | 0.30 | 0.33 | 0.21 |
| Quick ratio | 0.12 | 0.20 | 0.22 | 0.24 | 0.32 | 0.27 | 0.24 | 0.29 | 0.32 | 0.20 |
| Interest coverage | 0.4 | 0.3 | 0.4 | 3.0 | 1.6 | -1.3 | 0.6 | 0.4 | -0.5 | 0.4 |
| Working capital | −$3.72B | −$3.30B | −$2.89B | −$2.77B | −$2.50B | −$2.66B | −$2.64B | −$2.51B | −$2.45B | −$3.21B |
| Invested capital | $109.5M | −$331.8M | −$29.5M | −$356.1M | −$785.6M | −$545.4M | −$385.3M | −$640.1M | −$783.7M | −$421.1M |
| Tangible asset value | $417.6M | $384.3M | $351.2M | $328.6M | $407.6M | $440.2M | $348.7M | $374.0M | $372.2M | $374.8M |
| Net current asset value | −$3.94B | −$3.43B | −$3.33B | −$2.99B | −$2.53B | −$2.72B | −$2.66B | −$2.53B | −$2.46B | −$3.22B |
| Graham number | $24.23 | $19.81 | $18.50 | $24.75 | $20.43 | — | $20.19 | $13.02 | — | $15.05 |
| Graham net-net per share | −$175.01 | −$148.06 | −$143.82 | −$121.51 | −$95.68 | −$102.75 | −$100.82 | −$95.59 | −$93.09 | −$122.00 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $0 | $0 | $3.7M | — | $0 | $0 | $7.9M |
| Share buybacks (net) | $20.0M | $0 | $16.4M | $42.9M | $157,000 | $0 | — | — | — | — |
| Dividend payout ratio | — | — | — | 0.0% | 0.0% | — | — | 0.0% | — | 49.3% |
| Dividends + buybacks / free cash flow | 62.9% | 0.0% | 44.4% | 66.1% | 0.2% | — | — | 0.0% | 0.0% | 24.8% |
| Capex / revenue | 3.2% | 3.4% | 4.6% | 3.3% | 5.4% | 6.2% | 5.0% | 9.3% | 2.5% | 0.6% |
| Capex / operating cash flow | 20.2% | 22.0% | 21.0% | 8.3% | 10.9% | 131.4% | 22.1% | 29.6% | 8.0% | 2.6% |
| Capex / depreciation | 1.02 | 1.15 | 1.57 | 0.97 | 1.36 | 1.65 | 1.58 | 3.97 | 1.12 | 0.26 |
| Stock-based compensation / revenue | 0.8% | 0.7% | 0.7% | 0.7% | 0.7% | 0.6% | 0.2% | 0.0% | 39.4% | — |
| SG&A / revenue | 29.6% | 27.8% | 29.5% | 31.2% | 36.6% | 34.4% | 35.7% | 36.6% | 37.4% | 32.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 58.2 | 93.5 | 102.3 | — | — | — | — | — | — | — |
| Days of inventory on hand | — | — | — | 152.0 | 196.1 | 115.4 | 189.1 | 243.9 | 144.0 | 190.7 |
| Days payables outstanding | — | — | — | 57,696.0 | 54,342.3 | 24,371.6 | 25,806.9 | 24,099.7 | 17,574.3 | 24,253.2 |
| Receivables turnover | 6.27 | 3.90 | 3.57 | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Inventory turnover | — | — | — | 2.40 | 1.86 | 3.16 | 1.93 | 1.50 | 2.54 | 1.91 |
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 |
| Average receivables | $40.6M | $61.4M | $59.4M | — | — | — | — | — | — | — |
| Average payables | — | — | — | $3.66B | $3.69B | $3.59B | $3.55B | $3.63B | $3.87B | $4.26B |
| Average inventory | — | — | — | $9.7M | $13.3M | $17.0M | $26.0M | $36.7M | $31.7M | $33.5M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.1% | 1.5% | 1.5% | 1.3% |
Computed from CARE's annual financial statements (latest annual report filed March 5, 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.
CARE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Carter Bankshares traded at 14.1 times earnings, against a 10-year median of 15.8. Based on the latest twelve months, the trailing P/E is 5.2 and the forward P/E is 13.7. Carter Bankshares earned a return on equity of 7.8% in fiscal 2025. It ended the year with $178.5 million of debt and $488.7 million in cash and short-term investments, a net cash position of $310.2 million. It returned $20.0 million to shareholders: $0 in dividends and $20.0 million in share buybacks, 63% of free cash flow. The share count fell 14.5% from 26.3M to 22.5M over 9 years.
See the CARE income statement, the CARE chart for price history, or the CARE stock overview for the latest quote and news.
CARE key metrics FAQ
What is Carter Bankshares's P/E ratio?
Carter Bankshares's trailing P/E ratio is 5.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.7. At the end of fiscal 2025 it was 14.1, compared with a 10-year median of 15.8.
What is Carter Bankshares's EV/EBITDA?
Carter Bankshares's enterprise value was 2.7 times EBITDA at the end of fiscal 2025 (enterprise value $131.3 million, EBITDA $47.9 million).
What is Carter Bankshares's return on equity?
Carter Bankshares's return on equity (ROE) was 7.8% in fiscal 2025: net income of $31.4 million on average shareholders' equity of $402.0 million.
How much debt does Carter Bankshares have?
Carter Bankshares had total debt of $178.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.43 and more cash than debt.
Does Carter Bankshares buy back its shares?
Yes. Carter Bankshares spent $20.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.4% over the year, to 22.5M..
What is Carter Bankshares's free cash flow yield?
Carter Bankshares generated $31.8 million of free cash flow in fiscal 2025, a free cash flow yield of 7.2% on its market value at year-end ($441.5 million).
What is Carter Bankshares's current ratio?
Carter Bankshares's current ratio was 0.12 at the end of fiscal 2025: current assets were 0.12 times current liabilities.