Citizens Financial Services, Inc. (CZFS) Key Metrics
CZFS valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $384.9M
- Enterprise value
- $733.4M
- P/E (TTM)
- 9.4 10-yr median 11.0
- Forward P/E
- 9.3
- PEG ratio
- —
- Price / sales
- 3.4 10-yr median 3.0
- Price / book
- 1.1 10-yr median 1.3
- EV / EBITDA
- — 10-yr median 3.0
- Dividend yield
- 2.55% $2.04 a year
- Beta
- 0.39
CZFS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCZFS valuation Price multiples at each fiscal year-end price.
CZFS returns How much profit the business earns on the capital it uses.
CZFS per-share figures Results divided by the shares outstanding at year-end.
CZFS financial health Debt, liquidity and how easily interest is covered.
CZFS efficiency & capital use Working capital cycle and where the cash goes.
CZFS valuation history
CZFS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CZFS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CZFS cash returned to shareholders
CZFS price vs earnings per share
CZFS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $273.7M | $301.0M | $283.6M | $304.5M | $239.4M | $215.3M | $221.0M | $200.7M | $226.0M | $191.6M |
| Enterprise value | $509.0M | $505.6M | $111.2M | $90.0M | −$282.8M | −$73.5M | $32.7M | $18.6M | $57.1M | −$67.5M |
| P/E ratio | 7.5 | 10.8 | 15.9 | 10.5 | 8.2 | 8.6 | 11.3 | 11.1 | 17.4 | 15.2 |
| Price / sales | 1.6 | 1.8 | 2.0 | 3.3 | 2.8 | 2.6 | 3.1 | 3.1 | 4.0 | 3.8 |
| Price / book | 0.8 | 1.0 | 1.0 | 1.5 | 1.1 | 1.1 | 1.4 | 1.4 | 1.8 | 1.6 |
| Price / free cash flow | 7.8 | 9.4 | 11.9 | 9.6 | 6.4 | 19.8 | 10.4 | 9.6 | 14.6 | 12.3 |
| Price / operating cash flow | 7.5 | 9.1 | 10.7 | 9.2 | 6.2 | 18.2 | 10.2 | 9.3 | 14.4 | 11.8 |
| EV / sales | 2.9 | 3.0 | 0.8 | 1.0 | -3.3 | -0.9 | 0.5 | 0.3 | 1.0 | -1.3 |
| EV / EBITDA | 10.8 | 14.2 | 4.8 | 2.5 | — | — | 1.3 | 0.9 | 3.0 | — |
| EV / free cash flow | 14.4 | 15.9 | 4.6 | 2.8 | — | — | 1.5 | 0.9 | 3.7 | — |
| Earnings yield | 13.4% | 9.2% | 6.3% | 9.5% | 12.2% | 11.7% | 8.8% | 9.0% | 5.8% | 6.6% |
| Free cash flow yield | 12.9% | 10.6% | 8.4% | 10.4% | 15.7% | 5.1% | 9.6% | 10.5% | 6.9% | 8.1% |
| Dividend yield | 3.5% | 3.1% | 3.0% | 2.5% | 3.1% | 3.0% | 2.9% | 3.0% | 2.3% | 2.7% |
| Shareholder yield (dividends + buybacks) | 3.7% | 3.2% | 3.1% | 2.9% | 3.7% | 4.0% | 3.4% | 3.8% | 2.7% | 4.3% |
| Share price at fiscal year-end | $57.02 | $63.31 | $64.08 | $75.21 | $58.91 | $54.35 | $59.69 | $53.92 | $60.54 | $50.93 |
| Per share | ||||||||||
| Revenue per share | $36.09 | $35.46 | $31.34 | $22.99 | $21.04 | $20.63 | $19.00 | $17.32 | $15.20 | $13.53 |
| Earnings per share | $7.62 | $5.85 | $4.02 | $7.18 | $7.16 | $6.34 | $5.26 | $4.84 | $3.49 | $3.36 |
| Operating cash flow per share | $7.61 | $6.98 | $6.00 | $8.21 | $9.52 | $2.98 | $5.88 | $5.77 | $4.22 | $4.31 |
| Free cash flow per share | $7.34 | $6.70 | $5.40 | $7.81 | $9.25 | $2.75 | $5.75 | $5.64 | $4.16 | $4.15 |
| Cash per share | $15.45 | $19.59 | $107.20 | $116.52 | $146.68 | $95.32 | $73.85 | $73.41 | $75.97 | $90.06 |
| Book value per share | $70.43 | $63.04 | $63.19 | $49.43 | $52.27 | $49.03 | $41.80 | $37.40 | $34.56 | $32.78 |
| Tangible book value per share | $52.10 | $44.39 | $42.99 | $41.37 | $44.15 | $40.69 | $35.14 | $30.70 | $27.80 | $26.61 |
| Dividends per share | $1.99 | $1.96 | $1.92 | $1.87 | $1.82 | $1.65 | $1.71 | $1.64 | $1.39 | $1.35 |
| Capex per share | $0.27 | $0.28 | $0.59 | $0.40 | $0.27 | $0.24 | $0.13 | $0.13 | $0.06 | $0.16 |
| Debt per share | $64.47 | $62.61 | $68.24 | $63.54 | $18.20 | $22.42 | $22.99 | $24.49 | $30.72 | $21.18 |
| Shares outstanding | 4.8M | 4.8M | 4.4M | 4.0M | 4.1M | 4.0M | 3.7M | 3.7M | 3.7M | 3.8M |
| Change in shares outstanding | +0.9% | +7.4% | +9.3% | −0.4% | +2.6% | +7.0% | −0.5% | −0.3% | −0.7% | +9.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.5% | 9.6% | 7.4% | 14.1% | 14.3% | 14.4% | 13.3% | 13.4% | 10.3% | 10.4% |
| Return on invested capital (ROIC) | 6.8% | 9.1% | 38.4% | — | — | — | — | — | — | — |
| Return on assets (ROA) | 1.2% | 0.9% | 0.7% | 1.3% | 1.4% | 1.5% | 1.3% | 1.3% | 1.0% | 1.1% |
| Return on tangible assets | 1.2% | 0.9% | 0.6% | 1.3% | 1.4% | 1.4% | 1.4% | 1.3% | 1.0% | 1.1% |
| Free cash flow margin | 20.3% | 18.9% | 17.2% | 34.0% | 44.0% | 13.3% | 30.2% | 32.5% | 27.4% | 30.7% |
| Income quality (OCF / net income) | 1.00 | 1.19 | 1.49 | 1.14 | 1.33 | 0.47 | 1.12 | 1.19 | 1.21 | 1.28 |
| Financial health | ||||||||||
| Total debt | $309.4M | $297.7M | $302.0M | $257.3M | $74.0M | $88.8M | $85.1M | $91.2M | $114.7M | $79.7M |
| Cash & short-term investments | $74.2M | $93.1M | $474.5M | $471.8M | $596.3M | $377.7M | $273.5M | $273.3M | $283.6M | $338.7M |
| Net debt | $235.3M | $204.6M | −$172.5M | −$214.5M | −$522.3M | −$288.8M | −$188.4M | −$182.1M | −$168.9M | −$259.1M |
| Debt / equity | 0.92 | 0.99 | 1.08 | 1.29 | 0.35 | 0.46 | 0.55 | 0.65 | 0.89 | 0.65 |
| Debt / assets | 0.10 | 0.10 | 0.10 | 0.11 | 0.03 | 0.05 | 0.06 | 0.06 | 0.08 | 0.07 |
| Net debt / EBITDA | 4.99 | 5.76 | −7.49 | −5.87 | −14.34 | −9.17 | −7.73 | −8.34 | −8.77 | −16.20 |
| Current ratio | 0.04 | 0.04 | 0.21 | 0.26 | 0.33 | 0.24 | 0.23 | 0.23 | 0.26 | 0.35 |
| Quick ratio | 0.04 | 0.04 | 0.19 | 0.28 | 0.43 | 0.30 | 0.27 | 1.20 | 1.22 | 1.19 |
| Interest coverage | 0.7 | 0.5 | 0.5 | 3.2 | 5.0 | 3.7 | 1.9 | 2.2 | 3.3 | 3.1 |
| Working capital | −$2.31B | −$2.31B | −$1.87B | −$1.37B | −$1.24B | −$1.21B | −$934.2M | −$908.5M | −$818.1M | −$655.6M |
| Invested capital | $573.3M | $504.3M | $107.2M | −$14.3M | −$309.8M | −$94.6M | −$33.6M | −$42.9M | −$39.9M | −$135.8M |
| Tangible asset value | $250.1M | $211.1M | $190.3M | $167.5M | $179.5M | $161.2M | $130.1M | $114.3M | $103.8M | $100.1M |
| Net current asset value | −$2.64B | −$2.62B | −$2.21B | −$1.65B | −$1.33B | −$1.31B | −$1.03B | −$1.01B | −$945.1M | −$749.2M |
| Graham number | $109.88 | $91.09 | $75.64 | $89.34 | $91.79 | $83.60 | $70.35 | $63.84 | $52.09 | $49.78 |
| Graham net-net per share | −$550.89 | −$552.08 | −$496.96 | −$413.94 | −$350.88 | −$343.36 | −$285.33 | −$426.16 | −$395.58 | −$312.88 |
| Capital allocation | ||||||||||
| Dividends paid | $9.5M | $9.3M | $8.5M | $7.6M | $7.4M | $6.5M | $6.3M | $6.1M | $5.2M | $5.1M |
| Share buybacks (net) | $545,000 | $266,000 | $265,000 | $1.3M | $1.4M | $2.1M | $1.3M | $1.5M | $979,000 | $3.2M |
| Dividend payout ratio | 26.1% | 33.4% | 47.7% | 26.1% | 25.4% | 26.0% | 32.4% | 33.9% | 39.7% | 40.2% |
| Dividends + buybacks / free cash flow | 28.6% | 30.0% | 36.7% | 28.1% | 23.3% | 79.6% | 35.7% | 36.2% | 39.6% | 53.2% |
| Capex / revenue | 0.7% | 0.8% | 1.9% | 1.8% | 1.3% | 1.2% | 0.7% | 0.8% | 0.4% | 1.2% |
| Capex / operating cash flow | 3.5% | 4.0% | 9.9% | 4.9% | 2.9% | 8.0% | 2.2% | 2.3% | 1.3% | 3.6% |
| Capex / depreciation | 0.62 | 0.73 | 1.72 | 1.58 | 0.99 | — | 0.97 | 1.29 | 1.04 | 1.83 |
| Stock-based compensation / revenue | 0.4% | 0.2% | 0.2% | 0.4% | 0.7% | 0.6% | 0.5% | 0.5% | 0.5% | 0.6% |
| SG&A / revenue | 26.5% | 24.5% | 26.3% | 30.6% | 30.9% | 31.6% | 29.2% | 30.3% | 32.1% | 33.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 22.1 | 23.1 | 24.2 | 24.6 | 24.0 | 23.6 | 23.4 | 24.5 | 51.6 | 57.6 |
| Days of inventory on hand | — | — | -46.9 | -3,258.2 | -5,916.2 | -2,329.5 | -15,799.3 | -34,990.3 | -41,607.9 | -44,712.0 |
| Days payables outstanding | 22.5 | 23.3 | 19.3 | 27.5 | 36.4 | 36.6 | 28.8 | 31.3 | 35.2 | 40.4 |
| Cash conversion cycle (days) | -0.3 | -0.2 | -42.0 | -3,261.1 | -5,928.7 | -2,342.5 | -15,804.8 | -34,997.2 | -41,591.5 | -44,694.8 |
| Receivables turnover | 16.50 | 15.80 | 15.10 | 14.82 | 15.23 | 15.49 | 15.62 | 14.92 | 7.07 | 6.34 |
| Payables turnover | 16.24 | 15.67 | 18.95 | 13.28 | 10.02 | 9.98 | 12.68 | 11.66 | 10.36 | 9.02 |
| Asset turnover | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Average receivables | $10.5M | $10.7M | $9.2M | $6.3M | $5.6M | $5.3M | $4.5M | $4.3M | $8.0M | $8.0M |
| Average payables | $3.9M | $4.5M | $2.8M | $971,500 | $864,000 | $1.1M | $1.1M | $986,500 | $808,500 | $727,000 |
| Average inventory | — | — | −$6.7M | −$115.2M | −$140.3M | −$67.0M | −$593.7M | −$1.10B | −$955.2M | −$803.7M |
| Intangibles / total assets | 2.9% | 2.9% | 3.0% | 1.4% | 1.5% | 1.7% | 1.7% | 1.7% | 1.9% | 1.9% |
Computed from CZFS's annual financial statements (latest annual report filed January 29, 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.
CZFS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Citizens Financial Services traded at 7.5 times earnings, against a 10-year median of 11.0. Based on the latest twelve months, the trailing P/E is 9.4 and the forward P/E is 9.3. Citizens Financial Services earned a return on equity of 11.5% and a return on invested capital of 6.8% in fiscal 2025. It ended the year with $309.4 million of debt and $74.2 million in cash and short-term investments, net debt of $235.3 million. It returned $10.1 million to shareholders: $9.5 million in dividends and $0.5 million in share buybacks, 29% of free cash flow. The share count rose 27.6% from 3.8M to 4.8M over 9 years.
See the CZFS income statement, the CZFS chart for price history, or the CZFS stock overview for the latest quote and news.
CZFS key metrics FAQ
What is Citizens Financial Services's P/E ratio?
Citizens Financial Services's trailing P/E ratio is 9.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 9.3. At the end of fiscal 2025 it was 7.5, compared with a 10-year median of 11.0.
What is Citizens Financial Services's EV/EBITDA?
Citizens Financial Services's enterprise value was 10.8 times EBITDA at the end of fiscal 2025 (enterprise value $509.0 million, EBITDA $47.2 million).
What is Citizens Financial Services's return on equity?
Citizens Financial Services's return on equity (ROE) was 11.5% in fiscal 2025: net income of $36.6 million on average shareholders' equity of $318.9 million.
What is Citizens Financial Services's ROIC?
Citizens Financial Services's return on invested capital was 6.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Citizens Financial Services have?
Citizens Financial Services had total debt of $309.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.92 and $235.3 million of net debt (4.99 times EBITDA).
What is Citizens Financial Services's dividend yield?
Citizens Financial Services's forward dividend yield is 2.55%. Citizens Financial Services paid $9.5 million in dividends in fiscal 2025 ($1.99 per share), a payout ratio of 26.1%.
Does Citizens Financial Services buy back its shares?
Yes. Citizens Financial Services spent $0.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.9% over the year, to 4.8M..
What is Citizens Financial Services's free cash flow yield?
Citizens Financial Services generated $35.2 million of free cash flow in fiscal 2025, a free cash flow yield of 12.9% on its market value at year-end ($273.7 million).
What is Citizens Financial Services's current ratio?
Citizens Financial Services's current ratio was 0.04 at the end of fiscal 2025: current assets were 0.04 times current liabilities.