ConnectOne Bancorp, Inc. (CNOB) Key Metrics
CNOB valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.53B
- Enterprise value
- $2.21B
- P/E (TTM)
- 9.9 10-yr median 11.5
- Forward P/E
- 10.2
- PEG ratio
- 1.83
- Price / sales
- 3.5 10-yr median 2.6
- Price / book
- 1.0 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 9.3
- Dividend yield
- 2.56% $0.78 a year
- Beta
- 1.07
CNOB key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCNOB valuation Price multiples at each fiscal year-end price.
CNOB returns How much profit the business earns on the capital it uses.
CNOB per-share figures Results divided by the shares outstanding at year-end.
CNOB financial health Debt, liquidity and how easily interest is covered.
CNOB efficiency & capital use Working capital cycle and where the cash goes.
CNOB valuation history
CNOB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CNOB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CNOB cash returned to shareholders
CNOB price vs earnings per share
CNOB key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.32B | $882.6M | $892.6M | $955.7M | $1.32B | $784.6M | $907.7M | $597.6M | $830.1M | $796.4M |
| Enterprise value | $1.15B | $1.31B | $1.06B | $1.07B | $1.16B | $639.5M | $947.2M | $1.15B | $1.49B | $1.02B |
| P/E ratio | 16.4 | 12.0 | 10.3 | 7.6 | 10.2 | 11.0 | 12.4 | 9.9 | 19.2 | 25.6 |
| Price / sales | 2.2 | 1.7 | 1.8 | 2.5 | 4.2 | 2.4 | 3.2 | 2.7 | 4.4 | 4.7 |
| Price / book | 0.8 | 0.7 | 0.7 | 0.8 | 1.2 | 0.9 | 1.2 | 1.0 | 1.5 | 1.5 |
| Price / free cash flow | 13.1 | 15.5 | 10.4 | 5.5 | 6.6 | 9.9 | 15.3 | 6.9 | 6.5 | 16.9 |
| Price / operating cash flow | 12.4 | 14.5 | 9.6 | 5.4 | 6.5 | 9.7 | 15.0 | 6.7 | 6.3 | 16.0 |
| EV / sales | 1.9 | 2.4 | 2.1 | 2.8 | 3.7 | 2.0 | 3.4 | 5.2 | 7.9 | 6.0 |
| EV / EBITDA | 9.1 | 12.5 | 8.6 | 6.1 | 6.4 | 6.6 | 9.6 | 15.3 | 20.6 | 22.0 |
| EV / free cash flow | 11.4 | 22.9 | 12.4 | 6.2 | 5.8 | 8.1 | 16.0 | 13.2 | 11.6 | 21.7 |
| Earnings yield | 6.1% | 8.4% | 9.7% | 13.1% | 9.8% | 9.1% | 8.1% | 10.1% | 5.2% | 3.9% |
| Free cash flow yield | 7.6% | 6.4% | 9.6% | 18.2% | 15.1% | 10.1% | 6.5% | 14.6% | 15.5% | 5.9% |
| Dividend yield | 2.9% | 3.8% | 3.6% | 3.1% | 1.5% | 1.8% | 1.3% | 1.6% | 1.2% | 1.1% |
| Shareholder yield (dividends + buybacks) | 3.0% | 4.6% | 5.8% | 4.7% | 2.3% | 2.0% | 2.7% | 1.8% | 1.2% | 2.6% |
| Share price at fiscal year-end | $26.22 | $22.91 | $22.91 | $24.21 | $32.71 | $19.79 | $25.72 | $18.47 | $25.75 | $25.95 |
| Per share | ||||||||||
| Revenue per share | $12.03 | $13.88 | $12.94 | $9.80 | $7.82 | $8.14 | $7.92 | $6.85 | $5.88 | $5.58 |
| Earnings per share | $1.60 | $1.92 | $2.23 | $3.17 | $3.22 | $1.80 | $2.08 | $1.87 | $1.34 | $1.01 |
| Operating cash flow per share | $2.11 | $1.58 | $2.38 | $4.48 | $5.00 | $2.05 | $1.72 | $2.75 | $4.07 | $1.62 |
| Free cash flow per share | $2.00 | $1.48 | $2.19 | $4.39 | $4.93 | $1.99 | $1.68 | $2.69 | $3.99 | $1.53 |
| Cash per share | $26.65 | $9.36 | $22.07 | $22.88 | $19.76 | $19.97 | $17.18 | $18.06 | $18.14 | $18.04 |
| Book value per share | $31.21 | $32.23 | $31.23 | $29.86 | $27.77 | $23.09 | $20.72 | $18.97 | $17.54 | $17.30 |
| Tangible book value per share | $25.65 | $26.70 | $25.73 | $24.40 | $22.40 | $17.56 | $15.96 | $14.41 | $12.94 | $12.45 |
| Dividends per share | $0.75 | $0.86 | $0.82 | $0.75 | $0.47 | $0.36 | $0.34 | $0.30 | $0.30 | $0.30 |
| Capex per share | $0.11 | $0.10 | $0.19 | $0.08 | $0.07 | $0.06 | $0.04 | $0.06 | $0.08 | $0.09 |
| Debt per share | $23.21 | $20.34 | $26.34 | $25.90 | $15.65 | $16.31 | $18.29 | $35.03 | $38.62 | $25.32 |
| Shares outstanding | 50.4M | 38.5M | 39.0M | 39.5M | 40.5M | 39.6M | 35.3M | 32.4M | 32.2M | 30.7M |
| Change in shares outstanding | +30.9% | −1.1% | −1.3% | −2.5% | +2.1% | +12.3% | +9.1% | +0.4% | +5.0% | +1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.7% | 6.0% | 7.3% | 10.9% | 12.8% | 8.7% | 10.9% | 10.2% | 7.9% | 6.2% |
| Return on invested capital (ROIC) | 5.2% | 4.8% | 6.5% | 11.1% | 15.1% | 9.3% | 7.6% | 5.1% | 4.4% | 3.5% |
| Return on assets (ROA) | 0.7% | 0.7% | 0.9% | 1.4% | 1.7% | 1.0% | 1.3% | 1.1% | 0.9% | 0.7% |
| Return on tangible assets | 0.6% | 0.8% | 0.9% | 1.3% | 1.6% | 1.0% | 1.2% | 1.1% | 0.9% | 0.7% |
| Free cash flow margin | 16.7% | 10.6% | 17.0% | 44.8% | 63.0% | 24.5% | 21.2% | 39.3% | 67.8% | 27.5% |
| Income quality (OCF / net income) | 1.32 | 0.82 | 1.07 | 1.41 | 1.55 | 1.14 | 0.83 | 1.48 | 3.03 | 1.60 |
| Financial health | ||||||||||
| Total debt | $1.17B | $783.5M | $1.03B | $1.02B | $633.6M | $646.6M | $645.6M | $1.13B | $1.24B | $777.1M |
| Cash & short-term investments | $1.34B | $360.7M | $859.9M | $903.2M | $800.0M | $791.7M | $606.2M | $584.4M | $584.9M | $553.7M |
| Net debt | −$173.1M | $422.8M | $166.3M | $119.1M | −$166.5M | −$145.1M | $39.4M | $549.2M | $660.0M | $223.4M |
| Debt / equity | 0.74 | 0.63 | 0.84 | 0.87 | 0.56 | 0.71 | 0.88 | 1.85 | 2.20 | 1.46 |
| Debt / assets | 0.08 | 0.08 | 0.10 | 0.11 | 0.08 | 0.09 | 0.10 | 0.21 | 0.24 | 0.18 |
| Net debt / EBITDA | −1.37 | 4.06 | 1.35 | 0.67 | −0.92 | −1.49 | 0.40 | 7.34 | 9.12 | 4.82 |
| Current ratio | 391.51 | 0.05 | 0.11 | 0.12 | 0.13 | 0.14 | 0.13 | 1.29 | 1.26 | 1.33 |
| Quick ratio | 391.51 | 0.05 | 1.18 | 0.15 | 0.18 | 0.20 | 0.18 | 1.29 | 1.26 | 1.33 |
| Interest coverage | 0.4 | 0.4 | 0.5 | 2.4 | 4.5 | 1.3 | 1.1 | 1.2 | 1.9 | 1.4 |
| Working capital | $12.67B | −$8.07B | −$7.51B | −$7.24B | −$5.50B | −$5.13B | −$4.14B | $1.08B | $938.7M | $966.2M |
| Invested capital | $1.40B | $1.66B | $1.38B | $1.30B | $957.7M | $770.2M | $770.6M | $1.16B | $1.23B | $754.4M |
| Tangible asset value | $1.29B | $1.03B | $1.00B | $963.1M | $906.8M | $696.0M | $563.2M | $466.3M | $417.2M | $382.0M |
| Net current asset value | $273.7M | −$8.23B | −$7.73B | −$7.52B | −$6.17B | −$5.81B | −$4.82B | $23.7M | −$39.8M | $6.7M |
| Graham number | $33.47 | $37.27 | $39.61 | $46.16 | $44.86 | $30.56 | $31.14 | $28.22 | $23.00 | $19.86 |
| Graham net-net per share | −$50.90 | −$213.97 | −$314.09 | −$194.69 | −$156.35 | −$150.93 | −$139.75 | −$131.35 | −$122.41 | −$108.56 |
| Capital allocation | ||||||||||
| Dividends paid | $38.0M | $33.3M | $31.9M | $29.5M | $19.2M | $14.3M | $12.2M | $9.7M | $9.6M | $9.1M |
| Share buybacks (net) | $2.2M | $7.2M | $19.4M | $15.3M | $10.7M | $1.6M | $12.6M | $819,000 | $0 | $11.2M |
| Dividend payout ratio | 47.2% | 45.1% | 36.7% | 23.5% | 14.7% | 20.1% | 16.6% | 16.0% | 22.2% | 29.2% |
| Dividends + buybacks / free cash flow | 39.8% | 71.2% | 60.1% | 25.8% | 15.0% | 20.1% | 41.9% | 12.0% | 7.5% | 43.3% |
| Capex / revenue | 0.9% | 0.7% | 1.5% | 0.9% | 0.9% | 0.7% | 0.5% | 0.9% | 1.4% | 1.6% |
| Capex / operating cash flow | 5.1% | 6.2% | 8.0% | 1.9% | 1.4% | 2.7% | 2.5% | 2.3% | 2.0% | 5.4% |
| Capex / depreciation | 0.38 | 0.67 | 1.25 | 0.60 | 0.49 | 0.33 | 0.35 | 0.56 | 0.69 | 0.77 |
| Stock-based compensation / revenue | 0.8% | 0.9% | 1.0% | 1.3% | 1.4% | 0.9% | 1.1% | 0.9% | 0.9% | 1.2% |
| SG&A / revenue | 21.6% | 18.6% | 19.6% | 22.0% | 21.6% | 21.7% | 20.4% | 21.7% | 23.3% | 22.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 3,432.1 | 32.3 | 34.5 | 37.8 | 40.0 | 31.8 | 25.6 | 27.7 | 27.4 | 27.2 |
| Days of inventory on hand | — | — | -6,984.1 | -1,254.4 | -3,494.4 | -921.5 | -870.5 | — | 5.0 | 8.3 |
| Days payables outstanding | — | — | — | 27,952.9 | 67,245.9 | 17,603.2 | 9,382.9 | 115.4 | 187.2 | 109.6 |
| Cash conversion cycle (days) | — | — | — | -29,169.5 | -70,700.3 | -18,492.8 | -10,227.9 | -87.7 | -154.7 | -74.1 |
| Receivables turnover | 0.11 | 11.30 | 10.59 | 9.65 | 9.12 | 11.47 | 14.27 | 13.16 | 13.33 | 13.42 |
| Payables turnover | — | — | — | 0.01 | 0.01 | 0.02 | 0.04 | 3.16 | 1.95 | 3.33 |
| Inventory turnover | — | — | — | — | — | — | — | — | 72.60 | 43.97 |
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| Average receivables | $5.70B | $47.3M | $47.6M | $40.1M | $34.7M | $28.1M | $19.6M | $16.8M | $14.2M | $12.8M |
| Average payables | — | — | — | $6.84B | $6.15B | $5.36B | $2.40B | $25.3M | $21.7M | $20.9M |
| Average inventory | — | — | −$4.65B | −$307.2M | −$319.4M | −$280.8M | −$222.4M | — | $582,000 | $1.6M |
| Intangibles / total assets | 2.0% | 2.2% | 2.2% | 2.2% | 2.7% | 2.9% | 2.7% | 2.7% | 2.9% | 3.4% |
Computed from CNOB's annual financial statements (latest annual report filed February 24, 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.
CNOB valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), ConnectOne Bancorp traded at 16.4 times earnings, against a 10-year median of 11.5. Based on the latest twelve months, the trailing P/E is 9.9 and the forward P/E is 10.2. ConnectOne Bancorp earned a return on equity of 5.7% and a return on invested capital of 5.2% in fiscal 2025. It ended the year with $1.2 billion of debt and $1.3 billion in cash and short-term investments, a net cash position of $173.1 million. It returned $40.2 million to shareholders: $38.0 million in dividends and $2.2 million in share buybacks, 40% of free cash flow. The share count rose 64.3% from 30.7M to 50.4M over 9 years.
See the CNOB income statement, the CNOB chart for price history, or the CNOB stock overview for the latest quote and news.
CNOB key metrics FAQ
What is ConnectOne Bancorp's P/E ratio?
ConnectOne Bancorp's trailing P/E ratio is 9.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.2. At the end of fiscal 2025 it was 16.4, compared with a 10-year median of 11.5.
What is ConnectOne Bancorp's EV/EBITDA?
ConnectOne Bancorp's enterprise value was 9.1 times EBITDA at the end of fiscal 2025 (enterprise value $1.1 billion, EBITDA $126.8 million).
What is ConnectOne Bancorp's return on equity?
ConnectOne Bancorp's return on equity (ROE) was 5.7% in fiscal 2025: net income of $80.4 million on average shareholders' equity of $1.4 billion.
What is ConnectOne Bancorp's ROIC?
ConnectOne Bancorp's return on invested capital was 5.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ConnectOne Bancorp have?
ConnectOne Bancorp had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.74 and more cash than debt.
What is ConnectOne Bancorp's dividend yield?
ConnectOne Bancorp's forward dividend yield is 2.56%. ConnectOne Bancorp paid $38.0 million in dividends in fiscal 2025 ($0.75 per share), a payout ratio of 47.2%.
Does ConnectOne Bancorp buy back its shares?
Yes. ConnectOne Bancorp spent $2.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +30.9% over the year, to 50.4M..
What is ConnectOne Bancorp's free cash flow yield?
ConnectOne Bancorp generated $101.0 million of free cash flow in fiscal 2025, a free cash flow yield of 7.6% on its market value at year-end ($1.3 billion).
What is ConnectOne Bancorp's current ratio?
ConnectOne Bancorp's current ratio was 391.51 at the end of fiscal 2025: current assets were 391.51 times current liabilities.