CB Financial Services, Inc. (CBFV) Key Metrics
CBFV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $190.8M
- Enterprise value
- $217.7M
- P/E (TTM)
- 29.1 10-yr median 12.0
- Forward P/E
- 13.0
- PEG ratio
- 1.12
- Price / sales
- 4.0 10-yr median 2.5
- Price / book
- 1.2 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 3.5
- Dividend yield
- 2.93% $1.10 a year
- Beta
- 0.28
CBFV key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCBFV valuation Price multiples at each fiscal year-end price.
CBFV returns How much profit the business earns on the capital it uses.
CBFV per-share figures Results divided by the shares outstanding at year-end.
CBFV financial health Debt, liquidity and how easily interest is covered.
CBFV efficiency & capital use Working capital cycle and where the cash goes.
CBFV valuation history
CBFV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CBFV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CBFV cash returned to shareholders
CBFV price vs earnings per share
CBFV key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $185.0M | $151.6M | $122.0M | $110.3M | $129.8M | $108.2M | $164.2M | $124.7M | $123.3M | $105.6M |
| Enterprise value | $188.1M | −$122.8M | −$116.1M | −$158.0M | −$155.1M | −$146.6M | −$68.8M | −$72.1M | $43.2M | $43.7M |
| P/E ratio | 37.7 | 12.0 | 5.4 | 9.8 | 11.2 | — | 11.5 | 17.7 | 17.8 | 13.9 |
| Price / sales | 2.7 | 1.9 | 2.0 | 2.0 | 2.6 | 2.0 | 2.8 | 2.5 | 3.1 | 2.7 |
| Price / book | 1.2 | 1.0 | 0.9 | 1.0 | 1.0 | 0.8 | 1.1 | 0.9 | 1.3 | 1.2 |
| Price / free cash flow | 10.8 | 44.1 | 11.1 | 8.1 | 12.2 | 7.9 | 9.7 | 15.0 | 15.9 | 13.2 |
| Price / operating cash flow | 10.4 | 22.5 | 8.6 | 7.8 | 9.9 | 7.7 | 9.2 | 9.1 | 10.6 | 10.0 |
| EV / sales | 2.7 | -1.6 | -1.9 | -2.9 | -3.1 | -2.7 | -1.2 | -1.4 | 1.1 | 1.1 |
| EV / EBITDA | 26.5 | — | — | — | — | — | — | — | 3.5 | 3.2 |
| EV / free cash flow | 11.0 | — | — | — | — | — | — | — | 5.6 | 5.4 |
| Earnings yield | 2.7% | 8.3% | 18.5% | 10.2% | 8.9% | −9.8% | 8.7% | 5.7% | 5.6% | 7.2% |
| Free cash flow yield | 9.3% | 2.3% | 9.0% | 12.4% | 8.2% | 12.7% | 10.3% | 6.7% | 6.3% | 7.6% |
| Dividend yield | 2.8% | 3.4% | 4.2% | 4.5% | 4.0% | 4.8% | 3.2% | 3.6% | 2.9% | 3.4% |
| Shareholder yield (dividends + buybacks) | 6.5% | 4.0% | 4.9% | 8.8% | 7.2% | 6.6% | 3.2% | 3.9% | 2.9% | 3.4% |
| Share price at fiscal year-end | $34.86 | $28.58 | $23.81 | $21.43 | $24.07 | $20.01 | $30.14 | $24.78 | $30.00 | $25.85 |
| Per share | ||||||||||
| Revenue per share | $12.93 | $14.94 | $11.72 | $10.63 | $9.28 | $10.08 | $10.59 | $10.09 | $9.56 | $9.41 |
| Earnings per share | $0.92 | $2.37 | $4.40 | $2.18 | $2.15 | −$1.97 | $2.63 | $1.40 | $1.69 | $1.86 |
| Operating cash flow per share | $3.36 | $1.27 | $2.78 | $2.75 | $2.42 | $2.60 | $3.28 | $2.71 | $2.82 | $2.59 |
| Free cash flow per share | $3.23 | $0.65 | $2.14 | $2.65 | $1.98 | $2.54 | $3.11 | $1.66 | $1.89 | $1.97 |
| Cash per share | $5.97 | $58.29 | $53.24 | $56.52 | $63.38 | $56.20 | $50.95 | $55.41 | $35.08 | $29.49 |
| Book value per share | $29.69 | $27.79 | $27.30 | $21.39 | $24.69 | $24.88 | $27.73 | $27.35 | $22.69 | $21.90 |
| Tangible book value per share | $27.85 | $25.87 | $25.21 | $18.82 | $21.90 | $21.53 | $20.86 | $19.53 | $20.68 | $19.75 |
| Dividends per share | $0.97 | $0.97 | $1.00 | $0.96 | $0.96 | $0.96 | $0.96 | $0.90 | $0.88 | $0.88 |
| Capex per share | $0.12 | $0.63 | $0.64 | $0.10 | $0.44 | $0.06 | $0.17 | $1.06 | $0.94 | $0.62 |
| Debt per share | $6.55 | $6.55 | $6.77 | $4.41 | $10.55 | $9.07 | $8.18 | $16.29 | $15.60 | $14.32 |
| Shares outstanding | 5.3M | 5.3M | 5.1M | 5.1M | 5.4M | 5.4M | 5.4M | 5.0M | 4.1M | 4.1M |
| Change in shares outstanding | +0.1% | +3.5% | −0.5% | −4.5% | −0.3% | −0.8% | +8.3% | +22.4% | +0.6% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.2% | 8.8% | 18.0% | 9.2% | 8.6% | −7.5% | 9.9% | 6.1% | 7.6% | 8.6% |
| Return on invested capital (ROIC) | 29.2% | — | — | — | — | — | — | — | 34.2% | 19.7% |
| Return on assets (ROA) | 0.3% | 0.9% | 1.6% | 0.8% | 0.8% | −0.8% | 1.1% | 0.6% | 0.8% | 0.9% |
| Return on tangible assets | 0.3% | 0.9% | 1.6% | 0.8% | 0.8% | −0.8% | 1.1% | 0.6% | 0.7% | 0.9% |
| Free cash flow margin | 25.0% | 4.3% | 18.2% | 24.9% | 21.3% | 25.2% | 29.3% | 16.4% | 19.7% | 20.9% |
| Income quality (OCF / net income) | 3.63 | 0.54 | 0.63 | 1.26 | 1.13 | — | 1.25 | 1.94 | 1.67 | 1.39 |
| Financial health | ||||||||||
| Total debt | $34.8M | $34.7M | $34.7M | $22.7M | $56.9M | $49.1M | $44.6M | $82.0M | $64.1M | $58.5M |
| Cash & short-term investments | $31.7M | $309.1M | $272.7M | $291.1M | $341.8M | $303.8M | $277.6M | $278.8M | $144.2M | $120.5M |
| Net debt | $3.1M | −$274.4M | −$238.1M | −$268.4M | −$284.9M | −$254.8M | −$233.0M | −$196.8M | −$80.1M | −$62.0M |
| Debt / equity | 0.22 | 0.24 | 0.25 | 0.21 | 0.43 | 0.36 | 0.29 | 0.60 | 0.69 | 0.65 |
| Debt / assets | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.03 | 0.03 | 0.06 | 0.07 | 0.07 |
| Net debt / EBITDA | 0.43 | −15.44 | −7.21 | −15.99 | −16.63 | — | −11.78 | −16.91 | −6.50 | −4.50 |
| Current ratio | 0.02 | 0.24 | 0.22 | 0.24 | 0.28 | 6.43 | 39.28 | 0.25 | 0.19 | 38.80 |
| Quick ratio | 0.02 | 0.24 | 0.22 | 0.33 | 0.37 | 9.75 | 50.43 | 0.25 | 0.22 | 43.82 |
| Interest coverage | 0.2 | 0.5 | 1.7 | 2.9 | 4.3 | -1.7 | 2.0 | 1.4 | 2.9 | 3.7 |
| Working capital | −$1.33B | −$994.4M | −$994.4M | −$971.9M | −$923.1M | $269.4M | $287.5M | −$862.4M | −$661.9M | $127.0M |
| Invested capital | $160.6M | −$127.0M | −$98.2M | −$158.2M | −$151.8M | −$120.2M | −$81.9M | −$59.2M | $13.2M | $27.5M |
| Tangible asset value | $147.8M | $137.2M | $129.1M | $96.9M | $118.1M | $116.4M | $113.7M | $98.3M | $85.0M | $80.7M |
| Net current asset value | −$1.36B | −$1.03B | −$1.04B | −$986.6M | −$937.7M | −$963.2M | −$875.5M | −$849.7M | −$686.4M | −$626.2M |
| Graham number | $24.84 | $38.54 | $51.99 | $32.42 | $34.52 | — | $40.50 | $29.37 | $29.37 | $30.23 |
| Graham net-net per share | −$255.08 | −$193.31 | −$203.69 | −$203.08 | −$185.89 | −$194.12 | −$169.15 | −$169.49 | −$170.52 | −$155.93 |
| Capital allocation | ||||||||||
| Dividends paid | $5.1M | $5.1M | $5.1M | $4.9M | $5.2M | $5.2M | $5.2M | $4.5M | $3.6M | $3.6M |
| Share buybacks (net) | $6.8M | $965,000 | $843,000 | $4.8M | $4.1M | $1.9M | $90,000 | $317,000 | $10,000 | $14,000 |
| Dividend payout ratio | 104.7% | 40.7% | 22.7% | 43.7% | 44.7% | — | 36.4% | 64.2% | 51.8% | 47.4% |
| Dividends + buybacks / free cash flow | 69.8% | 177.4% | 54.4% | 71.3% | 87.3% | 51.6% | 31.3% | 58.2% | 46.5% | 44.9% |
| Capex / revenue | 0.9% | 4.2% | 5.5% | 0.9% | 4.8% | 0.6% | 1.6% | 10.5% | 9.8% | 6.6% |
| Capex / operating cash flow | 3.7% | 49.1% | 23.1% | 3.6% | 18.3% | 2.3% | 5.3% | 39.0% | 33.1% | 24.0% |
| Capex / depreciation | 0.36 | 1.37 | 1.20 | 0.19 | 0.98 | 0.10 | 0.25 | 1.75 | 1.54 | 0.82 |
| Stock-based compensation / revenue | 1.2% | 1.0% | 1.9% | 1.1% | 1.1% | 0.9% | 0.6% | 0.9% | 0.9% | 0.9% |
| SG&A / revenue | 2.3% | 25.6% | 38.3% | 36.4% | 43.8% | 42.9% | 38.6% | 38.2% | 38.2% | 37.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 33.9 | — | — | 113.4 | 102.4 | 109.2 | 98.9 | 88.0 | 95.2 | 88.9 |
| Days of inventory on hand | — | — | — | -4,916.6 | -23,056.7 | -4,746.9 | -1,761.4 | -489.7 | -1,411.3 | -616.4 |
| Days payables outstanding | — | — | — | 350.7 | 1,396.0 | 306.8 | 296.6 | 220.1 | 248.6 | 274.9 |
| Cash conversion cycle (days) | — | — | — | -5,153.9 | -24,350.4 | -4,944.5 | -1,959.1 | -621.8 | -1,564.7 | -802.4 |
| Receivables turnover | 10.77 | — | — | 3.22 | 3.57 | 3.34 | 3.69 | 4.15 | 3.84 | 4.11 |
| Payables turnover | — | — | — | 1.04 | 0.26 | 1.19 | 1.23 | 1.66 | 1.47 | 1.33 |
| Asset turnover | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 |
| Average receivables | $6.4M | — | — | $17.0M | $14.0M | $16.3M | $15.6M | $12.2M | $10.2M | $9.4M |
| Average payables | — | — | — | $8.2M | $8.7M | $8.0M | $7.0M | $5.1M | $3.6M | $3.7M |
| Average inventory | — | — | — | −$115.4M | −$144.0M | −$124.4M | −$41.4M | −$11.4M | −$20.3M | −$8.3M |
| Intangibles / total assets | 0.6% | 0.7% | 0.7% | 0.9% | 1.1% | 1.3% | 2.8% | 3.1% | 0.9% | 1.0% |
Computed from CBFV's annual financial statements (latest annual report filed March 13, 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.
CBFV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), CB Financial Services traded at 37.7 times earnings, against a 10-year median of 12.0. Based on the latest twelve months, the trailing P/E is 29.1 and the forward P/E is 13.0. CB Financial Services earned a return on equity of 3.2% and a return on invested capital of 29.2% in fiscal 2025. It ended the year with $34.8 million of debt and $31.7 million in cash and short-term investments, net debt of $3.1 million. It returned $12.0 million to shareholders: $5.1 million in dividends and $6.8 million in share buybacks, 70% of free cash flow. The share count rose 29.9% from 4.1M to 5.3M over 9 years.
See the CBFV income statement, the CBFV chart for price history, or the CBFV stock overview for the latest quote and news.
CBFV key metrics FAQ
What is CB Financial Services's P/E ratio?
CB Financial Services's trailing P/E ratio is 29.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.0. At the end of fiscal 2025 it was 37.7, compared with a 10-year median of 12.0.
What is CB Financial Services's EV/EBITDA?
CB Financial Services's enterprise value was 26.5 times EBITDA at the end of fiscal 2025 (enterprise value $188.1 million, EBITDA $7.1 million).
What is CB Financial Services's return on equity?
CB Financial Services's return on equity (ROE) was 3.2% in fiscal 2025: net income of $4.9 million on average shareholders' equity of $152.5 million.
What is CB Financial Services's ROIC?
CB Financial Services's return on invested capital was 29.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does CB Financial Services have?
CB Financial Services had total debt of $34.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and $3.1 million of net debt (0.43 times EBITDA).
What is CB Financial Services's dividend yield?
CB Financial Services's forward dividend yield is 2.93%. CB Financial Services paid $5.1 million in dividends in fiscal 2025 ($0.97 per share), a payout ratio of 104.7%.
Does CB Financial Services buy back its shares?
Yes. CB Financial Services spent $6.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.1% over the year, to 5.3M..
What is CB Financial Services's free cash flow yield?
CB Financial Services generated $17.2 million of free cash flow in fiscal 2025, a free cash flow yield of 9.3% on its market value at year-end ($185.0 million).
What is CB Financial Services's current ratio?
CB Financial Services's current ratio was 0.02 at the end of fiscal 2025: current assets were 0.02 times current liabilities.