Columbia Banking System, Inc. (COLB) Key Metrics
COLB valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $8.05B
- Enterprise value
- $11.27B
- P/E (TTM)
- 11.2 10-yr median 19.5
- Forward P/E
- 8.6
- PEG ratio
- 2.26
- Price / sales
- 3.2 10-yr median 5.5
- Price / book
- 1.1 10-yr median 2.2
- EV / EBITDA
- — 10-yr median 12.5
- Dividend yield
- 5.20% $1.48 a year
- Beta
- 0.69
COLB key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCOLB valuation Price multiples at each fiscal year-end price.
COLB returns How much profit the business earns on the capital it uses.
COLB per-share figures Results divided by the shares outstanding at year-end.
COLB financial health Debt, liquidity and how easily interest is covered.
COLB efficiency & capital use Working capital cycle and where the cash goes.
COLB valuation history
COLB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
COLB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
COLB cash returned to shareholders
COLB price vs earnings per share
COLB key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.29B | $5.65B | $5.23B | $6.55B | $7.18B | $7.91B | $8.98B | $8.01B | $9.59B | $9.87B |
| Enterprise value | $11.79B | $7.47B | −$1.00B | $3.78B | $1.53B | $4.00B | $6.50B | $5.85B | $7.37B | $7.29B |
| P/E ratio | 15.1 | 10.6 | 15.0 | 19.5 | 17.1 | — | 25.4 | 25.3 | 39.6 | 42.9 |
| Price / sales | 2.6 | 1.9 | 2.1 | 4.9 | 5.4 | 5.5 | 6.1 | 5.9 | 7.8 | 8.2 |
| Price / book | 1.1 | 1.1 | 1.0 | 2.6 | 2.6 | 2.9 | 2.1 | 2.0 | 2.4 | 2.5 |
| Price / free cash flow | 11.7 | 9.1 | 7.8 | 6.3 | 11.1 | 96.7 | — | 16.1 | 18.8 | 25.6 |
| Price / operating cash flow | 11.1 | 8.6 | 7.8 | 6.2 | 10.8 | 84.3 | — | 15.9 | 18.6 | 23.8 |
| EV / sales | 3.7 | 2.5 | -0.4 | 2.8 | 1.2 | 2.8 | 4.4 | 4.3 | 6.0 | 6.0 |
| EV / EBITDA | 13.2 | 8.6 | — | 7.9 | 2.6 | — | 12.7 | 12.3 | 18.1 | 17.3 |
| EV / free cash flow | 16.7 | 12.0 | — | 3.6 | 2.4 | 49.0 | — | 11.8 | 14.4 | 18.9 |
| Earnings yield | 6.6% | 9.4% | 6.7% | 5.1% | 5.8% | −19.3% | 3.9% | 3.9% | 2.5% | 2.3% |
| Free cash flow yield | 8.5% | 11.0% | 12.8% | 15.8% | 9.0% | 1.0% | −1.0% | 6.2% | 5.3% | 3.9% |
| Dividend yield | 4.0% | 5.3% | 5.2% | 2.8% | 2.6% | 2.3% | 2.1% | 2.2% | 1.5% | 1.4% |
| Shareholder yield (dividends + buybacks) | 5.4% | 5.4% | 5.3% | 2.8% | 3.7% | 2.4% | 2.1% | 2.3% | 1.6% | 1.6% |
| Share price at fiscal year-end | $27.95 | $27.01 | $26.68 | $30.13 | $32.72 | $35.90 | $40.69 | $36.29 | $43.44 | $44.68 |
| Per share | ||||||||||
| Revenue per share | $10.83 | $14.17 | $12.96 | $6.20 | $6.00 | $6.47 | $6.67 | $6.10 | $5.54 | $5.46 |
| Earnings per share | $1.85 | $2.55 | $1.78 | $1.55 | $1.91 | −$6.92 | $1.60 | $1.43 | $1.10 | $1.04 |
| Operating cash flow per share | $2.51 | $3.15 | $3.42 | $4.90 | $3.02 | $0.43 | −$0.36 | $2.29 | $2.33 | $1.88 |
| Free cash flow per share | $2.38 | $2.98 | $3.42 | $4.77 | $2.95 | $0.37 | −$0.42 | $2.25 | $2.31 | $1.74 |
| Cash per share | $1.72 | $9.95 | $56.09 | $20.66 | $30.20 | $25.00 | $18.93 | $16.31 | $16.75 | $18.79 |
| Book value per share | $26.42 | $24.45 | $25.50 | $11.41 | $12.52 | $12.28 | $19.55 | $18.38 | $17.97 | $17.73 |
| Tangible book value per share | $19.03 | $16.70 | $16.61 | $6.75 | $8.17 | $11.79 | $10.84 | $9.40 | $9.05 | $8.82 |
| Dividends per share | $1.13 | $1.43 | $1.38 | $0.84 | $0.84 | $0.84 | $0.84 | $0.79 | $0.66 | $0.64 |
| Capex per share | $0.13 | $0.17 | $0.44 | $0.12 | $0.07 | $0.05 | $0.06 | $0.04 | $0.02 | $0.14 |
| Debt per share | $13.51 | $18.63 | $24.29 | $7.90 | $4.44 | $7.28 | $7.71 | $6.52 | $6.68 | $7.10 |
| Shares outstanding | 296.8M | 209.3M | 195.9M | 217.4M | 219.6M | 220.2M | 220.7M | 220.7M | 220.8M | 220.9M |
| Change in shares outstanding | +41.8% | +6.9% | −9.9% | −1.0% | −0.3% | −0.2% | −0.0% | −0.0% | −0.0% | −0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.5% | 10.6% | 9.3% | 12.9% | 15.4% | −43.4% | 8.5% | 7.9% | 6.1% | 5.9% |
| Return on invested capital (ROIC) | 6.2% | 18.7% | — | — | — | — | 19.0% | 17.4% | 15.7% | 13.4% |
| Return on assets (ROA) | 0.9% | 1.0% | 0.8% | 1.1% | 1.4% | −5.2% | 1.3% | 1.2% | 1.0% | 1.0% |
| Return on tangible assets | 0.8% | 1.1% | 0.7% | 1.1% | 1.4% | −5.2% | 1.3% | 1.3% | 1.0% | 1.0% |
| Free cash flow margin | 22.0% | 21.0% | 26.4% | 77.0% | 49.1% | 5.7% | −6.3% | 36.9% | 41.8% | 31.9% |
| Income quality (OCF / net income) | 1.36 | 1.23 | 1.92 | 3.16 | 1.58 | — | −0.23 | 1.60 | 2.13 | 1.80 |
| Financial health | ||||||||||
| Total debt | $4.01B | $3.90B | $4.76B | $1.72B | $975.1M | $1.60B | $1.70B | $1.44B | $1.47B | $1.57B |
| Cash & short-term investments | $511.0M | $2.08B | $10.99B | $4.49B | $6.63B | $5.51B | $4.18B | $3.60B | $3.70B | $4.15B |
| Net debt | $3.50B | $1.82B | −$6.23B | −$2.77B | −$5.66B | −$3.90B | −$2.48B | −$2.16B | −$2.23B | −$2.58B |
| Debt / equity | 0.51 | 0.76 | 0.95 | 0.69 | 0.35 | 0.59 | 0.39 | 0.35 | 0.37 | 0.40 |
| Debt / assets | 0.06 | 0.08 | 0.09 | 0.05 | 0.03 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 |
| Net debt / EBITDA | 3.92 | 2.09 | −13.22 | −5.79 | −9.59 | — | −4.84 | −4.55 | −5.47 | −6.14 |
| Current ratio | 0.22 | 0.09 | 0.30 | 0.23 | 0.30 | 0.28 | 0.25 | 0.24 | 0.25 | 0.27 |
| Quick ratio | 0.22 | 0.09 | 0.33 | 0.30 | 0.34 | 0.31 | 0.27 | 0.30 | 0.30 | 0.32 |
| Interest coverage | 0.8 | 0.7 | 0.6 | 5.8 | 13.2 | -11.2 | 2.2 | 3.3 | 4.5 | 5.5 |
| Working capital | −$2.71B | −$38.21B | −$29.14B | −$21.13B | −$18.84B | −$17.89B | −$17.02B | −$16.39B | −$15.27B | −$14.19B |
| Invested capital | $11.34B | $6.94B | −$1.24B | −$292.9M | −$2.91B | −$1.20B | $1.84B | $1.90B | $1.74B | $1.33B |
| Tangible asset value | $5.65B | $3.50B | $3.25B | $1.47B | $1.79B | $2.60B | $2.39B | $2.08B | $2.04B | $1.95B |
| Net current asset value | −$58.63B | −$42.72B | −$34.46B | −$23.13B | −$19.64B | −$19.42B | −$18.76B | −$17.84B | −$16.75B | −$15.71B |
| Graham number | $33.19 | $37.45 | $31.96 | $19.94 | $23.22 | — | $26.57 | $24.34 | $21.07 | $20.38 |
| Graham net-net per share | −$197.78 | −$206.03 | −$181.29 | −$113.14 | −$93.41 | −$91.72 | −$87.61 | −$85.47 | −$79.92 | −$74.43 |
| Capital allocation | ||||||||||
| Dividends paid | $335.0M | $300.2M | $270.3M | $182.3M | $183.7M | $185.0M | $185.1M | $173.9M | $145.4M | $141.1M |
| Share buybacks (net) | $109.0M | $5.7M | $6.3M | $4.2M | $80.7M | $8.7M | $7.3M | $13.0M | $8.6M | $17.7M |
| Dividend payout ratio | 60.9% | 56.3% | 77.5% | 54.1% | 43.7% | — | 52.3% | 55.0% | 60.0% | 61.3% |
| Dividends + buybacks / free cash flow | 62.9% | 49.1% | 41.3% | 18.0% | 40.9% | 236.7% | — | 37.7% | 30.1% | 41.3% |
| Capex / revenue | 1.2% | 1.2% | 3.4% | 2.0% | 1.2% | 0.8% | 0.9% | 0.7% | 0.3% | 2.5% |
| Capex / operating cash flow | 5.4% | 5.4% | 12.8% | 2.5% | 2.3% | 12.8% | — | 1.8% | 0.8% | 7.3% |
| Capex / depreciation | 0.28 | 0.24 | 0.59 | 0.96 | 0.49 | 0.32 | 0.29 | 0.17 | 0.07 | 0.51 |
| Stock-based compensation / revenue | 1.0% | 0.7% | 0.7% | 0.7% | 0.8% | 0.6% | 0.6% | 0.6% | 0.8% | 0.8% |
| SG&A / revenue | 22.0% | 21.6% | 23.9% | 34.3% | 37.7% | 35.1% | 34.9% | 39.6% | 43.0% | 42.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 107.5 | 208.6 | 246.9 | 445.7 | 437.3 | 401.8 | 369.2 | 361.6 | 339.3 | 274.1 |
| Days of inventory on hand | — | — | -2,889.7 | -3,243.0 | 1,138,130.1 | -547.1 | -1,019.0 | -2,386.4 | -2,977.6 | -2,747.5 |
| Days payables outstanding | — | — | — | 50,774.4 | -22,816,062.0 | 13,378.0 | 13,636.6 | 20,772.2 | 27,041.9 | 26,256.0 |
| Cash conversion cycle (days) | — | — | — | -53,571.7 | 23,954,629.4 | -13,523.3 | -14,286.3 | -22,797.0 | -29,680.3 | -28,729.4 |
| Receivables turnover | 3.40 | 1.75 | 1.48 | 0.82 | 0.83 | 0.91 | 0.99 | 1.01 | 1.08 | 1.33 |
| Payables turnover | — | — | — | 0.01 | −0.00 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 |
| Asset turnover | 0.05 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Average receivables | $946.4M | $1.70B | $1.72B | $1.65B | $1.58B | $1.57B | $1.49B | $1.33B | $1.14B | $905.9M |
| Average payables | — | — | — | $22.54B | $15.94B | $12.28B | $10.57B | $10.50B | $9.30B | $7.75B |
| Average inventory | — | — | −$1.61B | −$1.44B | −$795.1M | −$502.1M | −$789.9M | −$1.21B | −$1.02B | −$810.9M |
| Intangibles / total assets | 3.3% | 3.1% | 3.3% | 3.2% | 3.1% | 0.4% | 6.7% | 7.4% | 7.7% | 7.9% |
Computed from COLB's annual financial statements (latest annual report filed February 26, 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.
COLB valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Columbia Banking System traded at 15.1 times earnings, against a 10-year median of 19.5. Based on the latest twelve months, the trailing P/E is 11.2 and the forward P/E is 8.6. Columbia Banking System earned a return on equity of 8.5% and a return on invested capital of 6.2% in fiscal 2025. It ended the year with $4.0 billion of debt and $511.0 million in cash and short-term investments, net debt of $3.5 billion. It returned $444.0 million to shareholders: $335.0 million in dividends and $109.0 million in share buybacks, 63% of free cash flow. The share count rose 34.3% from 220.9M to 296.8M over 9 years.
See the COLB income statement, the COLB chart for price history, or the COLB stock overview for the latest quote and news.
COLB key metrics FAQ
What is Columbia Banking System's P/E ratio?
Columbia Banking System's trailing P/E ratio is 11.2 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 8.6. At the end of fiscal 2025 it was 15.1, compared with a 10-year median of 19.5.
What is Columbia Banking System's EV/EBITDA?
Columbia Banking System's enterprise value was 13.2 times EBITDA at the end of fiscal 2025 (enterprise value $11.8 billion, EBITDA $892.3 million).
What is Columbia Banking System's return on equity?
Columbia Banking System's return on equity (ROE) was 8.5% in fiscal 2025: net income of $550.0 million on average shareholders' equity of $6.5 billion.
What is Columbia Banking System's ROIC?
Columbia Banking System's return on invested capital was 6.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Columbia Banking System have?
Columbia Banking System had total debt of $4.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.51 and $3.5 billion of net debt (3.92 times EBITDA).
What is Columbia Banking System's dividend yield?
Columbia Banking System's forward dividend yield is 5.20%. Columbia Banking System paid $335.0 million in dividends in fiscal 2025 ($1.13 per share), a payout ratio of 60.9%.
Does Columbia Banking System buy back its shares?
Yes. Columbia Banking System spent $109.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +41.8% over the year, to 296.8M..
What is Columbia Banking System's free cash flow yield?
Columbia Banking System generated $706.0 million of free cash flow in fiscal 2025, a free cash flow yield of 8.5% on its market value at year-end ($8.3 billion).
What is Columbia Banking System's current ratio?
Columbia Banking System's current ratio was 0.22 at the end of fiscal 2025: current assets were 0.22 times current liabilities.