Cathay General Bancorp (CATY) Key Metrics
CATY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.00B
- Enterprise value
- $2.83B
- P/E (TTM)
- 11.7 10-yr median 11.1
- Forward P/E
- 10.1
- PEG ratio
- 1.33
- Price / sales
- 5.0 10-yr median 3.6
- Price / book
- 1.3 10-yr median 1.3
- EV / EBITDA
- — 10-yr median 4.7
- Dividend yield
- 2.54% $1.52 a year
- Beta
- 0.88
CATY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCATY valuation Price multiples at each fiscal year-end price.
CATY returns How much profit the business earns on the capital it uses.
CATY per-share figures Results divided by the shares outstanding at year-end.
CATY financial health Debt, liquidity and how easily interest is covered.
CATY efficiency & capital use Working capital cycle and where the cash goes.
CATY valuation history
CATY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CATY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CATY cash returned to shareholders
CATY price vs earnings per share
CATY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.29B | $3.44B | $3.25B | $3.05B | $3.38B | $2.57B | $3.05B | $2.74B | $3.42B | $3.04B |
| Enterprise value | $1.69B | $1.96B | $1.52B | $1.07B | −$6.3M | $436.8M | $1.89B | $1.63B | $2.22B | $1.28B |
| P/E ratio | 10.4 | 12.0 | 9.2 | 8.4 | 11.3 | 11.2 | 10.9 | 10.1 | 19.4 | 17.4 |
| Price / sales | 2.4 | 2.5 | 2.5 | 3.4 | 4.7 | 3.5 | 3.8 | 3.8 | 5.6 | 5.7 |
| Price / book | 1.1 | 1.2 | 1.2 | 1.2 | 1.4 | 1.1 | 1.3 | 1.3 | 1.7 | 1.7 |
| Price / free cash flow | 9.0 | 10.6 | 8.5 | 6.6 | 10.2 | 8.2 | 7.1 | 8.3 | 13.9 | 13.2 |
| Price / operating cash flow | 8.9 | 10.5 | 8.4 | 6.5 | 10.1 | 8.0 | 7.0 | 8.1 | 13.7 | 13.0 |
| EV / sales | 1.2 | 1.4 | 1.2 | 1.2 | -0.0 | 0.6 | 2.3 | 2.3 | 3.7 | 2.4 |
| EV / EBITDA | 4.0 | 5.9 | 3.6 | 2.2 | — | 1.6 | 5.2 | 4.7 | 7.3 | 5.1 |
| EV / free cash flow | 4.7 | 6.0 | 4.0 | 2.3 | — | 1.4 | 4.4 | 4.9 | 9.0 | 5.6 |
| Earnings yield | 9.6% | 8.3% | 10.9% | 11.8% | 8.8% | 8.9% | 9.1% | 9.9% | 5.2% | 5.8% |
| Free cash flow yield | 11.1% | 9.5% | 11.7% | 15.2% | 9.8% | 12.2% | 14.0% | 12.1% | 7.2% | 7.6% |
| Dividend yield | 2.9% | 2.8% | 3.0% | 3.3% | 2.9% | 3.8% | 3.2% | 3.0% | 2.0% | 1.9% |
| Shareholder yield (dividends + buybacks) | 8.3% | 5.3% | 3.6% | 8.0% | 7.9% | 4.8% | 4.4% | 4.6% | 2.2% | 3.7% |
| Share price at fiscal year-end | $48.39 | $47.61 | $44.57 | $40.79 | $42.99 | $32.19 | $38.05 | $33.53 | $42.17 | $38.03 |
| Per share | ||||||||||
| Revenue per share | $20.37 | $19.23 | $17.99 | $12.16 | $9.18 | $9.32 | $10.14 | $8.81 | $7.49 | $6.66 |
| Earnings per share | $4.63 | $3.95 | $4.86 | $4.83 | $3.80 | $2.87 | $3.48 | $3.33 | $2.17 | $2.19 |
| Operating cash flow per share | $5.42 | $4.55 | $5.28 | $6.26 | $4.25 | $4.01 | $5.42 | $4.12 | $3.07 | $2.93 |
| Free cash flow per share | $5.35 | $4.50 | $5.23 | $6.21 | $4.21 | $3.94 | $5.33 | $4.04 | $3.03 | $2.89 |
| Cash per share | $26.54 | $23.65 | $33.40 | $35.30 | $45.53 | $30.81 | $25.52 | $22.58 | $23.13 | $31.27 |
| Book value per share | $43.03 | $39.34 | $37.56 | $33.14 | $31.13 | $30.31 | $28.59 | $26.00 | $24.29 | $22.88 |
| Tangible book value per share | $37.46 | $34.10 | $32.34 | $28.03 | $26.34 | $25.58 | $23.87 | $21.36 | $19.59 | $18.18 |
| Dividends per share | $1.38 | $1.35 | $1.35 | $1.35 | $1.26 | $1.24 | $1.24 | $1.02 | $0.86 | $0.74 |
| Capex per share | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.09 | $0.08 | $0.04 | $0.04 |
| Debt per share | $3.07 | $3.15 | $9.74 | $8.83 | $2.46 | $4.09 | $10.96 | $9.03 | $8.38 | $9.31 |
| Shares outstanding | 68.0M | 72.3M | 72.9M | 74.7M | 78.6M | 79.8M | 80.2M | 81.6M | 81.0M | 79.9M |
| Change in shares outstanding | −6.0% | −0.7% | −2.4% | −5.0% | −1.5% | −0.6% | −1.7% | +0.7% | +1.3% | −1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.9% | 10.2% | 13.6% | 14.7% | 12.3% | 9.7% | 12.6% | 13.3% | 9.3% | 9.8% |
| Return on invested capital (ROIC) | 24.4% | 24.1% | 46.9% | — | — | 32.4% | 26.1% | 30.4% | 41.6% | 106.0% |
| Return on assets (ROA) | 1.3% | 1.2% | 1.6% | 1.7% | 1.5% | 1.2% | 1.6% | 1.7% | 1.2% | 1.3% |
| Return on tangible assets | 1.3% | 1.3% | 1.6% | 1.7% | 1.5% | 1.2% | 1.6% | 1.7% | 1.2% | 1.2% |
| Free cash flow margin | 26.3% | 23.4% | 29.1% | 51.1% | 45.8% | 42.3% | 52.6% | 45.9% | 40.5% | 43.4% |
| Income quality (OCF / net income) | 1.17 | 1.15 | 1.09 | 1.30 | 1.12 | 1.40 | 1.56 | 1.24 | 1.41 | 1.34 |
| Financial health | ||||||||||
| Total debt | $208.9M | $227.7M | $709.7M | $659.3M | $193.0M | $326.3M | $879.7M | $736.7M | $678.8M | $744.1M |
| Cash & short-term investments | $1.80B | $1.71B | $2.43B | $2.64B | $3.58B | $2.46B | $2.05B | $1.84B | $1.87B | $2.50B |
| Net debt | −$1.60B | −$1.48B | −$1.72B | −$1.98B | −$3.38B | −$2.13B | −$1.17B | −$1.11B | −$1.19B | −$1.76B |
| Debt / equity | 0.07 | 0.08 | 0.26 | 0.27 | 0.08 | 0.13 | 0.38 | 0.35 | 0.35 | 0.41 |
| Debt / assets | 0.01 | 0.01 | 0.03 | 0.03 | 0.01 | 0.02 | 0.05 | 0.04 | 0.04 | 0.05 |
| Net debt / EBITDA | −3.77 | −4.44 | −4.09 | −4.01 | −8.50 | −7.88 | −3.21 | −3.21 | −3.91 | −7.03 |
| Current ratio | 0.20 | 0.09 | 0.13 | 0.15 | 0.20 | 0.16 | 0.14 | 0.14 | 1.95 | 1.91 |
| Quick ratio | 0.20 | 0.09 | 0.13 | 0.22 | 0.34 | 0.25 | 0.19 | 0.14 | 1.95 | 1.90 |
| Interest coverage | 0.7 | 0.5 | 0.8 | 4.0 | 5.6 | 1.7 | 1.8 | 2.8 | 3.7 | 3.0 |
| Working capital | −$7.78B | −$17.88B | −$16.79B | −$15.79B | −$14.42B | −$13.59B | −$12.62B | −$11.81B | $6.61B | $5.93B |
| Invested capital | $1.33B | $1.36B | $1.01B | $497.5M | −$937.8M | $286.9M | $1.13B | $1.02B | $772.7M | $73.2M |
| Tangible asset value | $2.55B | $2.47B | $2.36B | $2.09B | $2.07B | $2.04B | $1.92B | $1.74B | $1.59B | $1.45B |
| Net current asset value | −$19.40B | −$18.40B | −$17.81B | −$16.76B | −$14.81B | −$14.11B | −$13.70B | −$12.77B | −$121.1M | −$217.6M |
| Graham number | $66.99 | $59.16 | $64.09 | $60.01 | $51.57 | $44.23 | $47.30 | $44.15 | $34.46 | $33.58 |
| Graham net-net per share | −$285.74 | −$254.74 | −$244.30 | −$233.18 | −$204.92 | −$186.55 | −$175.12 | −$156.55 | −$145.17 | −$127.05 |
| Capital allocation | ||||||||||
| Dividends paid | $93.8M | $98.0M | $98.6M | $101.0M | $99.3M | $98.7M | $99.1M | $83.4M | $69.9M | $59.3M |
| Share buybacks (net) | $180.3M | $84.7M | $16.7M | $141.3M | $167.1M | $23.6M | $36.3M | $42.6M | $5.1M | $54.4M |
| Dividend payout ratio | 29.8% | 34.3% | 27.9% | 28.0% | 33.3% | 43.1% | 35.5% | 30.7% | 39.7% | 33.9% |
| Dividends + buybacks / free cash flow | 75.4% | 56.1% | 30.2% | 52.2% | 80.6% | 38.9% | 31.7% | 38.2% | 30.5% | 49.3% |
| Capex / revenue | 0.4% | 0.3% | 0.3% | 0.4% | 0.5% | 0.8% | 0.9% | 0.9% | 0.5% | 0.7% |
| Capex / operating cash flow | 1.3% | 1.1% | 0.9% | 0.7% | 1.1% | 1.8% | 1.6% | 2.0% | 1.3% | 1.5% |
| Capex / depreciation | 0.31 | 0.22 | 0.19 | 0.17 | 0.23 | 0.35 | 0.47 | 0.91 | 0.44 | 0.47 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.6% | 0.9% | 0.9% | 0.9% | 0.9% | 1.1% | 0.9% | 0.9% |
| SG&A / revenue | 13.9% | 13.5% | 14.0% | 17.3% | 20.4% | 18.6% | 19.6% | 21.2% | 22.7% | 22.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.7 | 25.7 | 25.1 | 28.0 | 29.4 | 27.6 | 23.6 | 24.6 | 24.8 | 23.3 |
| Days of inventory on hand | — | — | -413.1 | -5,287.8 | -14,111.2 | -1,945.9 | -647.9 | 34.3 | 69.1 | 124.6 |
| Days payables outstanding | — | — | — | 50,504.1 | 118,216.9 | 27,292.7 | 27,658.0 | 40,972.7 | 57,049.4 | 61,762.7 |
| Cash conversion cycle (days) | — | — | — | -55,763.8 | -132,298.7 | -29,211.0 | -28,282.3 | -40,913.7 | -56,955.4 | -61,614.8 |
| Receivables turnover | 14.22 | 14.23 | 14.55 | 13.03 | 12.43 | 13.21 | 15.48 | 14.84 | 14.69 | 15.69 |
| Payables turnover | — | — | — | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | — | 10.63 | 5.28 | 2.93 |
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Average receivables | $97.4M | $97.7M | $90.1M | $69.7M | $58.0M | $56.3M | $52.6M | $48.5M | $41.3M | $33.9M |
| Average payables | — | — | — | $18.28B | $17.08B | $15.40B | $14.20B | $13.20B | $12.18B | $11.09B |
| Average inventory | — | — | −$595.8M | −$1.91B | −$2.04B | −$1.10B | −$332.6M | $11.1M | $14.8M | $22.4M |
| Intangibles / total assets | 1.6% | 1.6% | 1.6% | 1.7% | 1.8% | 2.0% | 2.1% | 2.3% | 2.4% | 2.6% |
Computed from CATY's annual financial statements (latest annual report filed March 2, 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.
CATY valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Cathay General Bancorp traded at 10.4 times earnings, against a 10-year median of 11.1. Based on the latest twelve months, the trailing P/E is 11.7 and the forward P/E is 10.1. Cathay General Bancorp earned a return on equity of 10.9% and a return on invested capital of 24.4% in fiscal 2025. It ended the year with $208.9 million of debt and $1.8 billion in cash and short-term investments, a net cash position of $1.6 billion. It returned $274.1 million to shareholders: $93.8 million in dividends and $180.3 million in share buybacks, 75% of free cash flow. The share count fell 14.9% from 79.9M to 68.0M over 9 years.
See the CATY income statement, the CATY chart for price history, or the CATY stock overview for the latest quote and news.
CATY key metrics FAQ
What is Cathay General Bancorp's P/E ratio?
Cathay General Bancorp's trailing P/E ratio is 11.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.1. At the end of fiscal 2025 it was 10.4, compared with a 10-year median of 11.1.
What is Cathay General Bancorp's EV/EBITDA?
Cathay General Bancorp's enterprise value was 4.0 times EBITDA at the end of fiscal 2025 (enterprise value $1.7 billion, EBITDA $423.4 million).
What is Cathay General Bancorp's return on equity?
Cathay General Bancorp's return on equity (ROE) was 10.9% in fiscal 2025: net income of $315.1 million on average shareholders' equity of $2.9 billion.
What is Cathay General Bancorp's ROIC?
Cathay General Bancorp's return on invested capital was 24.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cathay General Bancorp have?
Cathay General Bancorp had total debt of $208.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.07 and more cash than debt.
What is Cathay General Bancorp's dividend yield?
Cathay General Bancorp's forward dividend yield is 2.54%. Cathay General Bancorp paid $93.8 million in dividends in fiscal 2025 ($1.38 per share), a payout ratio of 29.8%.
Does Cathay General Bancorp buy back its shares?
Yes. Cathay General Bancorp spent $180.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −6.0% over the year, to 68.0M..
What is Cathay General Bancorp's free cash flow yield?
Cathay General Bancorp generated $363.7 million of free cash flow in fiscal 2025, a free cash flow yield of 11.1% on its market value at year-end ($3.3 billion).
What is Cathay General Bancorp's current ratio?
Cathay General Bancorp's current ratio was 0.20 at the end of fiscal 2025: current assets were 0.20 times current liabilities.