ChoiceOne Financial Services, Inc. (COFS) Key Metrics
COFS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $495.0M
- Enterprise value
- $749.2M
- P/E (TTM)
- 9.0 10-yr median 12.6
- Forward P/E
- 7.8
- PEG ratio
- —
- Price / sales
- 2.9 10-yr median 2.6
- Price / book
- 1.0 10-yr median 1.1
- EV / EBITDA
- —
- Dividend yield
- 3.50% $1.16 a year
- Beta
- 0.64
COFS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCOFS valuation Price multiples at each fiscal year-end price.
COFS returns How much profit the business earns on the capital it uses.
COFS per-share figures Results divided by the shares outstanding at year-end.
COFS financial health Debt, liquidity and how easily interest is covered.
COFS efficiency & capital use Working capital cycle and where the cash goes.
COFS valuation history
COFS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
COFS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
COFS cash returned to shareholders
COFS price vs earnings per share
COFS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $413.0M | $293.0M | $221.9M | $218.3M | $204.1M | $232.0M | $145.1M | $90.7M | $82.0M | $78.2M |
| Enterprise value | $504.2M | −$71.8M | −$112.7M | −$270.1M | −$841.7M | −$409.8M | −$220.9M | −$85.6M | −$83.0M | −$90.8M |
| P/E ratio | 14.7 | 11.0 | 10.4 | 9.2 | 9.3 | 14.9 | 20.2 | 12.4 | 13.3 | 12.8 |
| Price / sales | 2.1 | 2.1 | 1.9 | 2.4 | 2.4 | 3.0 | 3.5 | 2.9 | 2.8 | 2.8 |
| Price / book | 0.9 | 1.1 | 1.1 | 1.3 | 0.9 | 1.0 | 0.8 | 1.1 | 1.1 | 1.1 |
| Price / free cash flow | 16.4 | 6.2 | 5.3 | 5.0 | 5.8 | 35.0 | 17.2 | 15.8 | 12.7 | 8.6 |
| Price / operating cash flow | 13.0 | 6.0 | 4.8 | 4.8 | 5.4 | 27.4 | 15.8 | 9.1 | 10.1 | 7.2 |
| EV / sales | 2.6 | -0.5 | -1.0 | -3.0 | -10.0 | -5.2 | -5.3 | -2.7 | -2.9 | -3.2 |
| EV / EBITDA | 9.3 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 20.0 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 6.8% | 9.1% | 9.6% | 10.8% | 10.8% | 6.7% | 4.9% | 8.1% | 7.5% | 7.8% |
| Free cash flow yield | 6.1% | 16.0% | 19.0% | 20.1% | 17.1% | 2.9% | 5.8% | 6.3% | 7.8% | 11.6% |
| Dividend yield | 4.1% | 3.1% | 3.6% | 3.5% | 3.5% | 2.7% | 4.0% | 2.8% | 2.8% | 2.9% |
| Shareholder yield (dividends + buybacks) | 4.8% | 3.1% | 71.2% | 3.8% | 7.3% | 2.7% | 4.3% | 3.4% | 3.1% | 3.9% |
| Share price at fiscal year-end | $29.52 | $35.64 | $29.30 | $29.00 | $26.49 | $30.81 | $31.96 | $25.00 | $22.67 | $21.54 |
| Per share | ||||||||||
| Revenue per share | $13.79 | $16.92 | $15.04 | $11.84 | $10.88 | $10.41 | $9.17 | $8.67 | $8.00 | $7.77 |
| Earnings per share | $2.01 | $3.25 | $2.81 | $3.14 | $2.86 | $2.07 | $1.58 | $2.02 | $1.70 | $1.68 |
| Operating cash flow per share | $2.27 | $5.92 | $6.14 | $5.98 | $4.89 | $1.13 | $2.03 | $2.74 | $2.24 | $3.01 |
| Free cash flow per share | $1.80 | $5.71 | $5.58 | $5.83 | $4.54 | $0.88 | $1.86 | $1.58 | $1.78 | $2.51 |
| Cash per share | $15.89 | $70.01 | $75.28 | $76.22 | $146.80 | $86.87 | $87.93 | $51.35 | $53.18 | $52.13 |
| Book value per share | $33.26 | $31.68 | $25.84 | $22.44 | $28.78 | $30.18 | $42.33 | $22.18 | $21.16 | $19.75 |
| Tangible book value per share | $21.98 | $24.25 | $17.67 | $14.10 | $20.48 | $21.44 | $29.36 | $18.11 | $17.11 | $15.78 |
| Dividends per share | $1.21 | $1.10 | $1.04 | $1.01 | $0.93 | $0.82 | $1.28 | $0.71 | $0.64 | $0.61 |
| Capex per share | $0.47 | $0.21 | $0.56 | $0.15 | $0.36 | $0.25 | $0.17 | $1.16 | $0.46 | $0.50 |
| Debt per share | $22.40 | $25.64 | $31.10 | $11.33 | $11.04 | $1.65 | $7.31 | $2.77 | $7.58 | $5.57 |
| Shares outstanding | 14.0M | 8.2M | 7.6M | 7.5M | 7.7M | 7.5M | 4.5M | 3.6M | 3.6M | 3.6M |
| Change in shares outstanding | +70.2% | +8.6% | +0.6% | −2.3% | +2.3% | +65.9% | +25.1% | +0.3% | −0.3% | −0.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.8% | 11.7% | 11.7% | 12.1% | 9.8% | 7.4% | 5.3% | 9.3% | 8.3% | 8.6% |
| Return on invested capital (ROIC) | 12.5% | — | — | — | — | — | — | — | — | — |
| Return on assets (ROA) | 0.8% | 1.0% | 0.9% | 1.0% | 1.0% | 0.9% | 0.7% | 1.1% | 1.0% | 1.0% |
| Return on tangible assets | 0.7% | 1.0% | 0.8% | 1.0% | 1.0% | 0.8% | 0.5% | 1.1% | 1.0% | 1.0% |
| Free cash flow margin | 13.1% | 33.7% | 37.1% | 49.2% | 41.7% | 8.5% | 20.3% | 18.3% | 22.2% | 32.3% |
| Income quality (OCF / net income) | 1.13 | 1.82 | 2.19 | 1.90 | 1.71 | 0.54 | 1.28 | 1.36 | 1.31 | 1.79 |
| Financial health | ||||||||||
| Total debt | $313.5M | $210.8M | $235.5M | $85.3M | $85.0M | $12.4M | $33.2M | $10.0M | $27.4M | $20.2M |
| Cash & short-term investments | $222.3M | $575.5M | $570.0M | $573.7M | $1.13B | $654.3M | $399.1M | $186.3M | $192.4M | $189.2M |
| Net debt | $91.2M | −$364.8M | −$334.5M | −$488.4M | −$1.05B | −$641.9M | −$365.9M | −$176.3M | −$165.0M | −$169.0M |
| Debt / equity | 0.67 | 0.81 | 1.20 | 0.50 | 0.38 | 0.05 | 0.17 | 0.12 | 0.36 | 0.28 |
| Debt / assets | 0.07 | 0.08 | 0.09 | 0.04 | 0.04 | 0.01 | 0.02 | 0.01 | 0.04 | 0.03 |
| Net debt / EBITDA | 1.69 | −8.03 | −8.80 | −11.91 | −26.87 | −24.14 | −31.57 | −16.68 | −14.99 | −15.56 |
| Current ratio | 0.06 | 0.24 | 0.27 | 0.26 | 0.54 | 0.39 | 0.34 | 0.32 | 0.35 | 0.36 |
| Quick ratio | 0.06 | 0.24 | 0.27 | 0.26 | 0.54 | 0.39 | 0.34 | 0.32 | 0.35 | 0.36 |
| Interest coverage | 0.5 | 0.7 | 0.8 | 3.6 | 6.7 | 4.1 | 1.8 | 3.4 | 5.8 | 8.5 |
| Working capital | −$3.62B | −$1.79B | −$1.57B | −$1.59B | −$971.5M | −$1.02B | −$788.5M | −$395.5M | −$354.6M | −$331.1M |
| Invested capital | $556.5M | −$104.4M | −$138.9M | −$319.6M | −$824.1M | −$414.6M | −$173.8M | −$95.8M | −$88.5M | −$97.3M |
| Tangible asset value | $307.5M | $199.4M | $133.8M | $106.1M | $157.8M | $161.5M | $133.3M | $65.7M | $61.9M | $57.3M |
| Net current asset value | −$3.72B | −$1.89B | −$1.81B | −$1.64B | −$1.01B | −$1.04B | −$794.9M | −$403.8M | −$377.6M | −$346.5M |
| Graham number | $38.82 | $48.14 | $40.40 | $39.82 | $43.04 | $37.52 | $38.79 | $31.76 | $28.49 | $27.31 |
| Graham net-net per share | −$265.48 | −$229.57 | −$239.18 | −$218.33 | −$131.66 | −$137.77 | −$175.00 | −$111.28 | −$104.34 | −$95.40 |
| Capital allocation | ||||||||||
| Dividends paid | $16.9M | $9.0M | $7.9M | $7.6M | $7.2M | $6.2M | $5.8M | $2.6M | $2.3M | $2.2M |
| Share buybacks (net) | $2.7M | $0 | $150.0M | $767,000 | $7.8M | $0 | $364,000 | $523,000 | $203,000 | $794,000 |
| Dividend payout ratio | 60.2% | 33.7% | 37.2% | 32.1% | 32.7% | 39.5% | 81.1% | 35.2% | 37.7% | 36.6% |
| Dividends + buybacks / free cash flow | 77.9% | 19.2% | 373.8% | 19.0% | 42.9% | 93.2% | 73.2% | 54.0% | 39.3% | 33.2% |
| Capex / revenue | 3.4% | 1.2% | 3.7% | 1.3% | 3.3% | 2.4% | 1.8% | 13.4% | 5.7% | 6.5% |
| Capex / operating cash flow | 20.8% | 3.5% | 9.1% | 2.6% | 7.3% | 21.8% | 8.3% | 42.3% | 20.5% | 16.6% |
| Capex / depreciation | 0.33 | 0.14 | 0.34 | 0.09 | 0.22 | 0.24 | 0.24 | 2.03 | 0.68 | 0.70 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.9% | 1.1% | 1.0% | 0.7% | 0.9% | 1.1% | 1.1% | 1.3% |
| SG&A / revenue | 32.7% | 25.5% | 29.7% | 35.8% | 36.9% | 35.2% | 35.9% | 36.5% | 37.1% | 37.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 20.8 | — | — | — | — | — | — | — | — | — |
| Days of inventory on hand | — | — | — | — | 19.1 | 25.2 | 40.0 | 15.2 | 50.5 | 88.1 |
| Days payables outstanding | — | — | — | 95,182.5 | 154,828.2 | 59,732.9 | 67,238.3 | 81,662.0 | 97,826.6 | 185,905.5 |
| Receivables turnover | 17.54 | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | — | — | — | — | 19.10 | 14.47 | 9.12 | 24.00 | 7.23 | 4.14 |
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 |
| Average receivables | $11.0M | — | — | — | — | — | — | — | — | — |
| Average payables | — | — | — | $2.09B | $1.86B | $1.41B | $865.8M | $558.4M | $526.1M | $493.5M |
| Average inventory | — | — | — | — | $230,000 | $597,500 | $515,500 | $104,000 | $271,500 | $234,000 |
| Intangibles / total assets | 3.6% | 2.2% | 2.4% | 2.6% | 2.7% | 3.4% | 4.2% | 2.2% | 2.3% | 2.4% |
Computed from COFS'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.
COFS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), ChoiceOne Financial Services traded at 14.7 times earnings, against a 10-year median of 12.6. Based on the latest twelve months, the trailing P/E is 9.0 and the forward P/E is 7.8. ChoiceOne Financial Services earned a return on equity of 7.8% and a return on invested capital of 12.5% in fiscal 2025. It ended the year with $313.5 million of debt and $222.3 million in cash and short-term investments, net debt of $91.2 million. It returned $19.6 million to shareholders: $16.9 million in dividends and $2.7 million in share buybacks, 78% of free cash flow. The share count rose 285.5% from 3.6M to 14.0M over 9 years.
See the COFS income statement, the COFS chart for price history, or the COFS stock overview for the latest quote and news.
COFS key metrics FAQ
What is ChoiceOne Financial Services's P/E ratio?
ChoiceOne Financial Services's trailing P/E ratio is 9.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.8. At the end of fiscal 2025 it was 14.7, compared with a 10-year median of 12.6.
What is ChoiceOne Financial Services's EV/EBITDA?
ChoiceOne Financial Services's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $504.2 million, EBITDA $54.1 million).
What is ChoiceOne Financial Services's return on equity?
ChoiceOne Financial Services's return on equity (ROE) was 7.8% in fiscal 2025: net income of $28.2 million on average shareholders' equity of $362.9 million.
What is ChoiceOne Financial Services's ROIC?
ChoiceOne Financial Services's return on invested capital was 12.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ChoiceOne Financial Services have?
ChoiceOne Financial Services had total debt of $313.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.67 and $91.2 million of net debt (1.69 times EBITDA).
What is ChoiceOne Financial Services's dividend yield?
ChoiceOne Financial Services's forward dividend yield is 3.50%. ChoiceOne Financial Services paid $16.9 million in dividends in fiscal 2025 ($1.21 per share), a payout ratio of 60.2%.
Does ChoiceOne Financial Services buy back its shares?
Yes. ChoiceOne Financial Services spent $2.7 million on net share repurchases in fiscal 2025 Shares outstanding changed +70.2% over the year, to 14.0M..
What is ChoiceOne Financial Services's free cash flow yield?
ChoiceOne Financial Services generated $25.2 million of free cash flow in fiscal 2025, a free cash flow yield of 6.1% on its market value at year-end ($413.0 million).
What is ChoiceOne Financial Services's current ratio?
ChoiceOne Financial Services's current ratio was 0.06 at the end of fiscal 2025: current assets were 0.06 times current liabilities.