First Commonwealth Financial Corporation (FCF) Key Metrics
FCF valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.06B
- Enterprise value
- $2.17B
- P/E (TTM)
- 12.5 10-yr median 11.8
- Forward P/E
- 10.6
- PEG ratio
- 1.46
- Price / sales
- 4.1 10-yr median 3.1
- Price / book
- 1.3 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 5.9
- Dividend yield
- 2.75% $0.56 a year
- Beta
- 0.75
FCF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFCF valuation Price multiples at each fiscal year-end price.
FCF returns How much profit the business earns on the capital it uses.
FCF per-share figures Results divided by the shares outstanding at year-end.
FCF financial health Debt, liquidity and how easily interest is covered.
FCF efficiency & capital use Working capital cycle and where the cash goes.
FCF valuation history
FCF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FCF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FCF cash returned to shareholders
FCF price vs earnings per share
FCF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.75B | $1.73B | $1.57B | $1.31B | $1.54B | $1.07B | $1.43B | $1.20B | $1.40B | $1.26B |
| Enterprise value | $2.10B | $791.4M | $1.19B | $948.6M | $425.9M | $232.3M | $842.4M | $1.10B | $1.35B | $1.32B |
| P/E ratio | 11.5 | 12.1 | 10.0 | 10.2 | 11.2 | 14.6 | 13.6 | 11.2 | 25.3 | 21.2 |
| Price / sales | 2.4 | 2.5 | 2.5 | 3.1 | 3.8 | 2.7 | 3.5 | 3.2 | 4.2 | 4.5 |
| Price / book | 1.1 | 1.2 | 1.2 | 1.2 | 1.4 | 1.0 | 1.4 | 1.2 | 1.6 | 1.7 |
| Price / free cash flow | 10.2 | 15.2 | 12.2 | 9.4 | 10.0 | 10.9 | 15.9 | 9.6 | 18.2 | 15.4 |
| Price / operating cash flow | 9.3 | 13.4 | 10.4 | 8.7 | 9.3 | 10.1 | 13.3 | 8.9 | 15.8 | 14.1 |
| EV / sales | 2.9 | 1.1 | 1.9 | 2.2 | 1.1 | 0.6 | 2.1 | 2.9 | 4.1 | 4.7 |
| EV / EBITDA | 10.2 | 4.3 | 5.9 | 5.6 | 2.3 | 2.3 | 6.0 | 7.8 | 12.0 | 14.3 |
| EV / free cash flow | 12.2 | 6.9 | 9.2 | 6.8 | 2.8 | 2.4 | 9.3 | 8.8 | 17.6 | 16.0 |
| Earnings yield | 8.7% | 8.2% | 10.0% | 9.8% | 9.0% | 6.9% | 7.4% | 8.9% | 4.0% | 4.7% |
| Free cash flow yield | 9.8% | 6.6% | 8.2% | 10.7% | 10.0% | 9.2% | 6.3% | 10.5% | 5.5% | 6.5% |
| Dividend yield | 3.2% | 3.0% | 3.2% | 3.4% | 2.8% | 4.0% | 2.8% | 2.9% | 2.2% | 2.0% |
| Shareholder yield (dividends + buybacks) | 5.2% | 3.8% | 4.2% | 4.6% | 4.9% | 6.0% | 3.2% | 5.1% | 2.3% | 2.0% |
| Share price at fiscal year-end | $16.86 | $16.92 | $15.44 | $13.97 | $16.09 | $10.94 | $14.51 | $12.08 | $14.32 | $14.18 |
| Per share | ||||||||||
| Revenue per share | $7.04 | $6.85 | $6.15 | $4.57 | $4.18 | $4.05 | $4.17 | $3.83 | $3.40 | $3.17 |
| Earnings per share | $1.47 | $1.39 | $1.54 | $1.37 | $1.44 | $0.75 | $1.07 | $1.08 | $0.57 | $0.67 |
| Operating cash flow per share | $1.81 | $1.27 | $1.48 | $1.61 | $1.72 | $1.08 | $1.09 | $1.36 | $0.91 | $1.00 |
| Free cash flow per share | $1.65 | $1.11 | $1.26 | $1.49 | $1.61 | $1.00 | $0.92 | $1.26 | $0.79 | $0.92 |
| Cash per share | $1.00 | $12.53 | $11.47 | $9.77 | $14.99 | $12.15 | $10.39 | $10.13 | $8.61 | $10.05 |
| Book value per share | $15.00 | $13.75 | $12.91 | $11.21 | $11.58 | $10.93 | $10.71 | $9.80 | $9.11 | $8.43 |
| Tangible book value per share | $11.14 | $10.00 | $9.11 | $7.88 | $8.29 | $7.69 | $7.47 | $6.91 | $6.34 | $6.20 |
| Dividends per share | $0.54 | $0.51 | $0.50 | $0.47 | $0.46 | $0.44 | $0.40 | $0.35 | $0.31 | $0.28 |
| Capex per share | $0.16 | $0.15 | $0.22 | $0.12 | $0.11 | $0.08 | $0.18 | $0.10 | $0.12 | $0.08 |
| Debt per share | $4.36 | $3.36 | $7.71 | $5.90 | $3.34 | $3.59 | $4.42 | $9.11 | $8.16 | $10.66 |
| Shares outstanding | 103.6M | 102.2M | 101.8M | 93.9M | 95.8M | 97.8M | 98.6M | 99.5M | 97.5M | 89.0M |
| Change in shares outstanding | +1.4% | +0.4% | +8.5% | −2.0% | −2.0% | −0.8% | −1.0% | +2.1% | +9.5% | −0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.3% | 10.5% | 13.3% | 11.9% | 12.7% | 6.9% | 10.4% | 11.5% | 6.7% | 8.1% |
| Return on invested capital (ROIC) | 13.3% | 20.4% | 19.4% | 37.6% | — | 21.0% | 15.7% | 12.5% | 6.7% | 5.5% |
| Return on assets (ROA) | 1.3% | 1.2% | 1.5% | 1.3% | 1.5% | 0.8% | 1.3% | 1.4% | 0.8% | 0.9% |
| Return on tangible assets | 1.3% | 1.3% | 1.4% | 1.4% | 1.5% | 0.8% | 1.3% | 1.4% | 0.8% | 0.9% |
| Free cash flow margin | 23.5% | 16.3% | 20.5% | 32.7% | 38.5% | 24.8% | 22.0% | 33.0% | 23.2% | 29.1% |
| Income quality (OCF / net income) | 1.23 | 0.91 | 0.96 | 1.18 | 1.19 | 1.44 | 1.02 | 1.26 | 1.60 | 1.50 |
| Financial health | ||||||||||
| Total debt | $452.3M | $343.1M | $784.6M | $553.9M | $320.6M | $350.6M | $436.0M | $906.9M | $795.4M | $948.9M |
| Cash & short-term investments | $103.3M | $1.28B | $1.17B | $916.9M | $1.44B | $1.19B | $1.02B | $1.01B | $838.6M | $894.3M |
| Net debt | $349.1M | −$937.9M | −$383.4M | −$363.0M | −$1.12B | −$837.2M | −$588.1M | −$101.3M | −$43.3M | $54.6M |
| Debt / equity | 0.29 | 0.24 | 0.60 | 0.53 | 0.29 | 0.33 | 0.41 | 0.93 | 0.90 | 1.27 |
| Debt / assets | 0.04 | 0.03 | 0.07 | 0.06 | 0.03 | 0.04 | 0.05 | 0.12 | 0.11 | 0.14 |
| Net debt / EBITDA | 1.70 | −5.10 | −1.90 | −2.13 | −6.06 | −8.22 | −4.16 | −0.72 | −0.38 | 0.59 |
| Current ratio | 0.37 | 0.13 | 0.12 | 0.11 | 0.18 | 0.16 | 0.15 | 0.15 | 0.13 | 0.15 |
| Quick ratio | 0.37 | 0.13 | 0.12 | 0.11 | 0.18 | 0.16 | 0.15 | 0.15 | 0.13 | 0.15 |
| Interest coverage | 1.0 | 0.8 | 1.4 | 9.0 | 11.3 | 2.7 | 2.4 | 3.3 | 4.8 | 4.6 |
| Working capital | −$177.9M | −$8.48B | −$8.62B | −$7.46B | −$6.68B | −$6.37B | −$5.86B | −$5.61B | −$5.45B | −$4.92B |
| Invested capital | $1.90B | $467.3M | $930.9M | $689.1M | −$6.8M | $231.4M | $467.6M | $874.1M | $844.9M | $804.5M |
| Tangible asset value | $1.15B | $1.02B | $927.7M | $739.5M | $794.9M | $751.8M | $736.0M | $688.1M | $617.8M | $551.4M |
| Net current asset value | −$10.71B | −$8.90B | −$8.98B | −$7.84B | −$7.00B | −$6.81B | −$6.23B | −$5.84B | −$5.58B | −$5.04B |
| Graham number | $22.27 | $20.77 | $21.17 | $18.55 | $19.38 | $13.59 | $16.04 | $15.43 | $10.77 | $11.27 |
| Graham net-net per share | −$103.32 | −$87.07 | −$88.17 | −$83.47 | −$73.02 | −$69.67 | −$63.17 | −$58.70 | −$57.26 | −$56.58 |
| Capital allocation | ||||||||||
| Dividends paid | $55.5M | $52.6M | $50.8M | $44.6M | $43.6M | $43.0M | $39.4M | $34.8M | $30.5M | $24.9M |
| Share buybacks (net) | $35.8M | $12.6M | $15.0M | $15.6M | $31.3M | $20.9M | $6.3M | $26.2M | $1.5M | $864,000 |
| Dividend payout ratio | 36.4% | 36.9% | 32.4% | 34.8% | 31.5% | 58.5% | 37.4% | 32.4% | 55.3% | 41.8% |
| Dividends + buybacks / free cash flow | 53.3% | 57.3% | 51.1% | 42.9% | 48.5% | 65.1% | 50.6% | 48.6% | 41.7% | 31.3% |
| Capex / revenue | 2.2% | 2.2% | 3.5% | 2.6% | 2.7% | 1.9% | 4.2% | 2.5% | 3.5% | 2.7% |
| Capex / operating cash flow | 8.6% | 12.0% | 14.6% | 7.4% | 6.4% | 7.2% | 16.1% | 7.1% | 13.1% | 8.4% |
| Capex / depreciation | 2.43 | 2.73 | 5.37 | 1.06 | 0.93 | 0.65 | 1.68 | 1.19 | 1.29 | 1.05 |
| Stock-based compensation / revenue | — | — | 0.6% | 0.9% | −4.7% | 11.1% | 1.9% | 0.7% | 1.1% | 1.1% |
| SG&A / revenue | 13.0% | 23.0% | 24.7% | 31.2% | 31.7% | 32.8% | 31.3% | 31.9% | 36.8% | 36.6% |
| Efficiency | ||||||||||
| Days of inventory on hand | — | — | — | 7.4 | 37.6 | 8.3 | 16.1 | 23.3 | 65.0 | 79.8 |
| Days payables outstanding | — | — | — | 75,127.6 | 202,166.7 | 28,734.5 | 32,816.9 | 39,852.0 | 71,541.1 | 45,026.9 |
| Payables turnover | — | — | — | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | 49.38 | 9.71 | 44.21 | 22.70 | 15.69 | 5.61 | 4.57 |
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| Average payables | — | — | — | $7.99B | $7.71B | $7.06B | $6.29B | $5.74B | $5.26B | $4.57B |
| Average inventory | — | — | — | $786,500 | $1.4M | $2.0M | $3.1M | $3.4M | $4.8M | $8.1M |
| Intangibles / total assets | 3.2% | 3.3% | 3.4% | 3.2% | 3.3% | 3.5% | 3.8% | 3.7% | 3.7% | 3.0% |
Computed from FCF's annual financial statements (latest annual report filed March 2, 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.
FCF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), First Commonwealth Financial traded at 11.5 times earnings, against a 10-year median of 11.8. Based on the latest twelve months, the trailing P/E is 12.5 and the forward P/E is 10.6. First Commonwealth Financial earned a return on equity of 10.3% and a return on invested capital of 13.3% in fiscal 2025. It ended the year with $452.3 million of debt and $103.3 million in cash and short-term investments, net debt of $349.1 million. It returned $91.3 million to shareholders: $55.5 million in dividends and $35.8 million in share buybacks, 53% of free cash flow. The share count rose 16.4% from 89.0M to 103.6M over 9 years.
See the FCF income statement, the FCF chart for price history, or the FCF stock overview for the latest quote and news.
FCF key metrics FAQ
What is First Commonwealth Financial's P/E ratio?
First Commonwealth Financial's trailing P/E ratio is 12.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 10.6. At the end of fiscal 2025 it was 11.5, compared with a 10-year median of 11.8.
What is First Commonwealth Financial's EV/EBITDA?
First Commonwealth Financial's enterprise value was 10.2 times EBITDA at the end of fiscal 2025 (enterprise value $2.1 billion, EBITDA $205.0 million).
What is First Commonwealth Financial's return on equity?
First Commonwealth Financial's return on equity (ROE) was 10.3% in fiscal 2025: net income of $152.3 million on average shareholders' equity of $1.5 billion.
What is First Commonwealth Financial's ROIC?
First Commonwealth Financial's return on invested capital was 13.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does First Commonwealth Financial have?
First Commonwealth Financial had total debt of $452.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.29 and $349.1 million of net debt (1.70 times EBITDA).
What is First Commonwealth Financial's dividend yield?
First Commonwealth Financial's forward dividend yield is 2.75%. First Commonwealth Financial paid $55.5 million in dividends in fiscal 2025 ($0.54 per share), a payout ratio of 36.4%.
Does First Commonwealth Financial buy back its shares?
Yes. First Commonwealth Financial spent $35.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.4% over the year, to 103.6M..
What is First Commonwealth Financial's free cash flow yield?
First Commonwealth Financial generated $171.4 million of free cash flow in fiscal 2025, a free cash flow yield of 9.8% on its market value at year-end ($1.7 billion).
What is First Commonwealth Financial's current ratio?
First Commonwealth Financial's current ratio was 0.37 at the end of fiscal 2025: current assets were 0.37 times current liabilities.