Community Bank System, Inc. (CBU) Key Metrics
CBU valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.17B
- Enterprise value
- $3.69B
- P/E (TTM)
- 14.0 10-yr median 19.2
- Forward P/E
- 15.8
- PEG ratio
- 2.62
- Price / sales
- 3.8 10-yr median 5.1
- Price / book
- 1.6 10-yr median 1.8
- EV / EBITDA
- — 10-yr median 2.3
- Dividend yield
- 3.15% $1.90 a year
- Beta
- 0.78
CBU key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCBU valuation Price multiples at each fiscal year-end price.
CBU returns How much profit the business earns on the capital it uses.
CBU per-share figures Results divided by the shares outstanding at year-end.
CBU financial health Debt, liquidity and how easily interest is covered.
CBU efficiency & capital use Working capital cycle and where the cash goes.
CBU valuation history
CBU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CBU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CBU cash returned to shareholders
CBU price vs earnings per share
CBU key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.03B | $3.26B | $2.80B | $3.41B | $4.05B | $3.32B | $3.71B | $3.02B | $2.67B | $2.76B |
| Enterprise value | $3.48B | $3.75B | $453.9M | $188.4M | −$2.42B | −$1.50B | $801.9M | $282.7M | −$92.6M | $90.8M |
| P/E ratio | 14.4 | 17.9 | 21.2 | 18.1 | 21.4 | 20.2 | 21.9 | 17.9 | 17.7 | 26.6 |
| Price / sales | 3.0 | 3.5 | 3.7 | 4.9 | 6.4 | 5.4 | 6.0 | 5.1 | 5.0 | 6.3 |
| Price / book | 1.5 | 1.9 | 1.6 | 2.2 | 1.9 | 1.6 | 2.0 | 1.8 | 1.6 | 2.3 |
| Price / free cash flow | 13.0 | 14.7 | 13.3 | 16.9 | 21.4 | 20.1 | 18.8 | 14.5 | 14.9 | 22.4 |
| Price / operating cash flow | 10.1 | 13.5 | 12.3 | 15.9 | 20.0 | 18.5 | 18.3 | 13.6 | 14.1 | 20.4 |
| EV / sales | 3.4 | 4.0 | 0.6 | 0.3 | -3.8 | -2.4 | 1.3 | 0.5 | -0.2 | 0.2 |
| EV / EBITDA | 11.4 | 14.1 | 2.3 | 0.7 | — | — | 3.3 | 1.1 | — | 0.5 |
| EV / free cash flow | 14.9 | 16.9 | 2.2 | 0.9 | — | — | 4.1 | 1.4 | — | 0.7 |
| Earnings yield | 6.9% | 5.6% | 4.7% | 5.5% | 4.7% | 5.0% | 4.6% | 5.6% | 5.6% | 3.8% |
| Free cash flow yield | 7.7% | 6.8% | 7.5% | 5.9% | 4.7% | 5.0% | 5.3% | 6.9% | 6.7% | 4.5% |
| Dividend yield | 3.2% | 2.9% | 3.4% | 2.7% | 2.2% | 2.6% | 2.2% | 2.4% | 2.3% | 2.0% |
| Shareholder yield (dividends + buybacks) | 3.6% | 4.3% | 4.5% | 3.2% | 2.4% | 2.6% | 2.2% | 2.4% | 2.5% | 2.1% |
| Share price at fiscal year-end | $57.44 | $61.68 | $52.11 | $62.95 | $74.48 | $62.31 | $70.94 | $58.30 | $53.75 | $61.79 |
| Per share | ||||||||||
| Revenue per share | $19.14 | $17.79 | $14.07 | $12.96 | $11.65 | $11.58 | $11.80 | $11.35 | $10.69 | $9.85 |
| Earnings per share | $3.98 | $3.45 | $2.46 | $3.47 | $3.49 | $3.09 | $3.24 | $3.26 | $3.03 | $2.32 |
| Operating cash flow per share | $5.71 | $4.58 | $4.25 | $3.96 | $3.72 | $3.37 | $3.88 | $4.28 | $3.81 | $3.03 |
| Free cash flow per share | $4.42 | $4.19 | $3.91 | $3.72 | $3.48 | $3.10 | $3.77 | $4.03 | $3.60 | $2.76 |
| Cash per share | $5.71 | $9.62 | $57.91 | $80.46 | $125.17 | $97.40 | $62.19 | $60.83 | $65.38 | $65.31 |
| Book value per share | $37.98 | $33.33 | $31.60 | $28.63 | $38.62 | $39.46 | $35.51 | $33.12 | $32.88 | $26.77 |
| Tangible book value per share | $20.13 | $16.29 | $14.89 | $11.97 | $22.73 | $23.58 | $19.49 | $17.52 | $16.29 | $16.03 |
| Dividends per share | $1.85 | $1.81 | $1.77 | $1.72 | $1.67 | $1.63 | $1.54 | $1.38 | $1.25 | $1.23 |
| Capex per share | $1.30 | $0.39 | $0.35 | $0.24 | $0.24 | $0.27 | $0.11 | $0.24 | $0.22 | $0.28 |
| Debt per share | $14.14 | $18.89 | $14.24 | $20.99 | $6.19 | $6.96 | $6.60 | $7.99 | $9.77 | $5.55 |
| Shares outstanding | 52.8M | 52.9M | 53.7M | 54.2M | 54.4M | 53.3M | 52.2M | 51.7M | 49.7M | 44.7M |
| Change in shares outstanding | −0.1% | −1.6% | −0.9% | −0.4% | +2.0% | +2.1% | +1.0% | +4.0% | +11.2% | +7.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.2% | 10.5% | 8.1% | 10.3% | 9.0% | 8.3% | 9.5% | 10.1% | 10.6% | 8.9% |
| Return on invested capital (ROIC) | 8.9% | 22.7% | — | — | — | — | — | — | — | — |
| Return on assets (ROA) | 1.2% | 1.1% | 0.8% | 1.2% | 1.3% | 1.3% | 1.5% | 1.6% | 1.6% | 1.2% |
| Return on tangible assets | 1.3% | 1.2% | 0.9% | 1.3% | 1.3% | 1.3% | 1.6% | 1.7% | 1.5% | 1.3% |
| Free cash flow margin | 23.1% | 23.6% | 27.8% | 28.7% | 29.9% | 26.7% | 31.9% | 35.6% | 33.6% | 28.0% |
| Income quality (OCF / net income) | 1.43 | 1.33 | 1.73 | 1.14 | 1.07 | 1.09 | 1.20 | 1.31 | 1.26 | 1.31 |
| Financial health | ||||||||||
| Total debt | $746.7M | $998.9M | $765.2M | $1.14B | $336.7M | $371.3M | $344.9M | $413.7M | $485.9M | $248.4M |
| Cash & short-term investments | $301.8M | $509.0M | $3.11B | $4.36B | $6.81B | $5.19B | $3.25B | $3.15B | $3.25B | $2.92B |
| Net debt | $444.9M | $489.9M | −$2.35B | −$3.22B | −$6.47B | −$4.82B | −$2.90B | −$2.73B | −$2.77B | −$2.67B |
| Debt / equity | 0.37 | 0.57 | 0.45 | 0.73 | 0.16 | 0.18 | 0.19 | 0.24 | 0.30 | 0.21 |
| Debt / assets | 0.04 | 0.06 | 0.05 | 0.07 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.03 |
| Net debt / EBITDA | 1.46 | 1.85 | −11.93 | −11.91 | −23.84 | −20.37 | −12.02 | −11.05 | −14.30 | −15.28 |
| Current ratio | 1.49 | 0.04 | 0.24 | 0.31 | 32.47 | 0.45 | 0.35 | 0.36 | 0.37 | 0.40 |
| Quick ratio | 1.49 | 0.04 | 0.23 | 0.33 | 41.54 | 0.59 | 0.37 | 0.39 | 0.39 | 0.43 |
| Interest coverage | 1.4 | 1.2 | 1.6 | 10.4 | 18.6 | 9.9 | 7.9 | 12.0 | 11.6 | 13.7 |
| Working capital | $117.5M | −$13.26B | −$10.12B | −$9.85B | $6.63B | −$6.51B | −$6.18B | −$5.61B | −$5.70B | −$4.41B |
| Invested capital | $2.45B | $2.25B | −$647.8M | −$1.67B | −$4.37B | −$2.72B | −$1.05B | −$1.02B | −$1.13B | −$1.48B |
| Tangible asset value | $1.06B | $861.4M | $800.0M | $648.9M | $1.24B | $1.26B | $1.02B | $906.4M | $810.2M | $718.4M |
| Net current asset value | −$15.05B | −$14.06B | −$10.69B | −$9.87B | −$6.61B | −$6.59B | −$6.27B | −$5.71B | −$5.82B | −$4.51B |
| Graham number | $58.35 | $50.87 | $41.79 | $47.27 | $55.04 | $52.37 | $50.84 | $49.28 | $47.34 | $37.39 |
| Graham net-net per share | −$285.17 | −$266.13 | −$198.00 | −$184.74 | −$139.18 | −$139.66 | −$122.51 | −$112.94 | −$119.84 | −$103.38 |
| Capital allocation | ||||||||||
| Dividends paid | $97.6M | $95.8M | $95.1M | $93.4M | $91.1M | $87.1M | $80.2M | $71.5M | $62.3M | $55.0M |
| Share buybacks (net) | $11.2M | $46.0M | $30.2M | $16.6M | $5.1M | $271,000 | $286,000 | $298,000 | $3.3M | $3.5M |
| Dividend payout ratio | 46.4% | 52.5% | 72.1% | 49.7% | 48.0% | 52.9% | 47.5% | 42.4% | 41.3% | 53.0% |
| Dividends + buybacks / free cash flow | 46.6% | 64.0% | 59.7% | 54.5% | 50.8% | 52.9% | 40.9% | 34.4% | 36.7% | 47.4% |
| Capex / revenue | 6.8% | 2.2% | 2.5% | 1.8% | 2.1% | 2.3% | 0.9% | 2.2% | 2.0% | 2.8% |
| Capex / operating cash flow | 22.7% | 8.5% | 8.1% | 6.0% | 6.5% | 8.0% | 2.8% | 5.7% | 5.7% | 9.2% |
| Capex / depreciation | 2.27 | 0.72 | 0.66 | 0.42 | 0.44 | 0.47 | 0.18 | 0.37 | 0.32 | 0.61 |
| Stock-based compensation / revenue | 1.1% | 0.9% | 1.2% | 1.1% | 1.0% | 1.0% | 0.9% | 1.0% | 1.0% | 1.1% |
| SG&A / revenue | 32.5% | 33.7% | 39.4% | 38.5% | 39.6% | 38.5% | 44.3% | 43.6% | 44.1% | 45.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 20.2 | 21.1 | 25.9 | 23.0 | 21.6 | 20.9 | 18.6 | 20.9 | 23.1 | 23.6 |
| Days of inventory on hand | — | — | -200.3 | -10,479.4 | -157,477.7 | -10,005.8 | -2,515.4 | -3,221.4 | -3,434.6 | -1,930.1 |
| Days payables outstanding | — | — | — | 1,660.9 | 19,327.8 | 2,319.5 | 1,944.3 | 2,163.4 | 2,392.0 | 2,630.2 |
| Cash conversion cycle (days) | — | — | — | -12,117.3 | -176,783.9 | -12,304.4 | -4,441.1 | -5,363.9 | -5,803.5 | -4,536.7 |
| Receivables turnover | 18.04 | 17.28 | 14.11 | 15.87 | 16.91 | 17.47 | 19.66 | 17.47 | 15.81 | 15.47 |
| Payables turnover | — | — | — | 0.22 | 0.02 | 0.16 | 0.19 | 0.17 | 0.15 | 0.14 |
| Asset turnover | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 |
| Average receivables | $56.0M | $54.4M | $53.6M | $44.3M | $37.5M | $35.3M | $31.3M | $33.6M | $33.6M | $28.5M |
| Average payables | — | — | — | $172.3M | $220.8M | $223.0M | $186.3M | $169.0M | $162.3M | $139.6M |
| Average inventory | — | — | −$63.3M | −$1.09B | −$1.80B | −$961.8M | −$241.1M | −$251.7M | −$233.0M | −$102.4M |
| Intangibles / total assets | 5.4% | 5.5% | 5.8% | 5.7% | 5.6% | 6.1% | 7.3% | 7.6% | 7.7% | 5.5% |
Computed from CBU's annual financial statements (latest annual report filed February 27, 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.
CBU valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Community Bank System traded at 14.4 times earnings, against a 10-year median of 19.2. Based on the latest twelve months, the trailing P/E is 14.0 and the forward P/E is 15.8. Community Bank System earned a return on equity of 11.2% and a return on invested capital of 8.9% in fiscal 2025. It ended the year with $746.7 million of debt and $301.8 million in cash and short-term investments, net debt of $444.9 million. It returned $108.7 million to shareholders: $97.6 million in dividends and $11.2 million in share buybacks, 47% of free cash flow. The share count rose 18.0% from 44.7M to 52.8M over 9 years.
See the CBU income statement, the CBU chart for price history, or the CBU stock overview for the latest quote and news.
CBU key metrics FAQ
What is Community Bank System's P/E ratio?
Community Bank System's trailing P/E ratio is 14.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.8. At the end of fiscal 2025 it was 14.4, compared with a 10-year median of 19.2.
What is Community Bank System's EV/EBITDA?
Community Bank System's enterprise value was 11.4 times EBITDA at the end of fiscal 2025 (enterprise value $3.5 billion, EBITDA $305.6 million).
What is Community Bank System's return on equity?
Community Bank System's return on equity (ROE) was 11.2% in fiscal 2025: net income of $210.5 million on average shareholders' equity of $1.9 billion.
What is Community Bank System's ROIC?
Community Bank System's return on invested capital was 8.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Community Bank System have?
Community Bank System had total debt of $746.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.37 and $444.9 million of net debt (1.46 times EBITDA).
What is Community Bank System's dividend yield?
Community Bank System's forward dividend yield is 3.15%. Community Bank System paid $97.6 million in dividends in fiscal 2025 ($1.85 per share), a payout ratio of 46.4%.
Does Community Bank System buy back its shares?
Yes. Community Bank System spent $11.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.1% over the year, to 52.8M..
What is Community Bank System's free cash flow yield?
Community Bank System generated $233.3 million of free cash flow in fiscal 2025, a free cash flow yield of 7.7% on its market value at year-end ($3.0 billion).
What is Community Bank System's current ratio?
Community Bank System's current ratio was 1.49 at the end of fiscal 2025: current assets were 1.49 times current liabilities.