German American Bancorp, Inc. (GABC) Key Metrics
GABC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.88B
- Enterprise value
- $1.96B
- P/E (TTM)
- 13.1 10-yr median 14.0
- Forward P/E
- 12.8
- PEG ratio
- 1.46
- Price / sales
- 4.9 10-yr median 3.9
- Price / book
- 1.5 10-yr median 1.6
- EV / EBITDA
- — 10-yr median 3.4
- Dividend yield
- 2.44% $1.22 a year
- Beta
- 0.60
GABC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGABC valuation Price multiples at each fiscal year-end price.
GABC returns How much profit the business earns on the capital it uses.
GABC per-share figures Results divided by the shares outstanding at year-end.
GABC financial health Debt, liquidity and how easily interest is covered.
GABC efficiency & capital use Working capital cycle and where the cash goes.
GABC valuation history
GABC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GABC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GABC cash returned to shareholders
GABC price vs earnings per share
GABC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.44B | $1.19B | $958.0M | $1.10B | $1.03B | $878.2M | $919.9M | $649.3M | $809.9M | $785.3M |
| Enterprise value | $390.3M | $278.0M | −$524.2M | −$534.8M | −$750.9M | −$204.4M | $352.8M | $148.3M | $297.2M | $285.2M |
| P/E ratio | 12.8 | 14.2 | 11.2 | 13.4 | 12.3 | 14.1 | 15.5 | 14.0 | 19.9 | 22.3 |
| Price / sales | 3.0 | 3.8 | 3.0 | 4.0 | 4.5 | 3.8 | 4.1 | 3.8 | 5.7 | 5.8 |
| Price / book | 1.2 | 1.7 | 1.4 | 2.0 | 1.5 | 1.4 | 1.6 | 1.4 | 2.2 | 2.4 |
| Price / free cash flow | 9.4 | 13.1 | 9.4 | 10.8 | 10.8 | 10.3 | 16.5 | 13.8 | 18.5 | 21.4 |
| Price / operating cash flow | 9.0 | 12.5 | 8.9 | 10.0 | 10.3 | 9.5 | 14.1 | 10.4 | 14.8 | 18.7 |
| EV / sales | 0.8 | 0.9 | -1.7 | -1.9 | -3.3 | -0.9 | 1.6 | 0.9 | 2.1 | 2.1 |
| EV / EBITDA | 2.5 | 2.5 | — | — | — | — | 4.4 | 2.4 | 5.2 | 5.3 |
| EV / free cash flow | 2.5 | 3.1 | — | — | — | — | 6.3 | 3.1 | 6.8 | 7.8 |
| Earnings yield | 7.8% | 7.0% | 9.0% | 7.4% | 8.1% | 7.1% | 6.4% | 7.2% | 5.0% | 4.5% |
| Free cash flow yield | 10.7% | 7.6% | 10.6% | 9.3% | 9.3% | 9.7% | 6.1% | 7.3% | 5.4% | 4.7% |
| Dividend yield | 3.0% | 2.7% | 3.1% | 2.5% | 2.1% | 2.3% | 1.9% | 2.2% | 1.5% | 1.4% |
| Shareholder yield (dividends + buybacks) | 3.0% | 2.7% | 3.1% | 2.5% | 2.2% | 2.4% | 2.0% | 2.6% | 1.5% | 1.4% |
| Share price at fiscal year-end | $39.18 | $40.22 | $32.41 | $37.30 | $38.98 | $33.09 | $35.62 | $27.77 | $35.33 | $35.07 |
| Per share | ||||||||||
| Revenue per share | $13.25 | $10.63 | $10.72 | $9.44 | $8.66 | $8.62 | $8.60 | $7.31 | $6.23 | $6.05 |
| Earnings per share | $3.06 | $2.83 | $2.91 | $2.78 | $3.17 | $2.34 | $2.29 | $1.99 | $1.77 | $1.57 |
| Operating cash flow per share | $4.33 | $3.23 | $3.63 | $3.73 | $3.80 | $3.48 | $2.53 | $2.67 | $2.39 | $1.87 |
| Free cash flow per share | $4.19 | $3.06 | $3.43 | $3.47 | $3.62 | $3.22 | $2.16 | $2.02 | $1.91 | $1.64 |
| Cash per share | $33.54 | $37.93 | $56.71 | $62.37 | $73.01 | $48.12 | $35.50 | $37.53 | $34.37 | $33.86 |
| Book value per share | $31.59 | $24.11 | $22.45 | $18.95 | $25.19 | $23.54 | $22.22 | $19.62 | $15.90 | $14.75 |
| Tangible book value per share | $20.47 | $17.94 | $16.13 | $12.51 | $20.38 | $18.61 | $17.03 | $14.75 | $13.45 | $12.21 |
| Dividends per share | $1.18 | $1.07 | $1.00 | $0.92 | $0.84 | $0.76 | $0.68 | $0.60 | $0.52 | $0.47 |
| Capex per share | $0.14 | $0.17 | $0.19 | $0.27 | $0.18 | $0.27 | $0.36 | $0.65 | $0.49 | $0.23 |
| Debt per share | $4.96 | $7.09 | $6.56 | $6.92 | $5.73 | $7.33 | $13.54 | $16.10 | $12.01 | $11.53 |
| Shares outstanding | 36.8M | 29.7M | 29.6M | 29.5M | 26.5M | 26.5M | 25.8M | 23.4M | 22.9M | 22.4M |
| Change in shares outstanding | +24.1% | +0.3% | +0.3% | +11.0% | −0.0% | +2.8% | +10.4% | +2.0% | +2.4% | +12.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.0% | 12.2% | 14.1% | 13.3% | 13.0% | 10.4% | 11.5% | 11.3% | 11.7% | 12.1% |
| Return on assets (ROA) | 1.5% | 1.3% | 1.4% | 1.4% | 1.6% | 1.3% | 1.4% | 1.3% | 1.3% | 1.3% |
| Return on tangible assets | 1.4% | 1.4% | 1.4% | 1.4% | 1.5% | 1.3% | 1.4% | 1.2% | 1.3% | 1.2% |
| Free cash flow margin | 31.6% | 28.8% | 32.0% | 36.7% | 41.8% | 37.3% | 25.2% | 27.6% | 30.6% | 27.1% |
| Income quality (OCF / net income) | 1.41 | 1.14 | 1.25 | 1.34 | 1.20 | 1.49 | 1.10 | 1.34 | 1.35 | 1.19 |
| Financial health | ||||||||||
| Total debt | $182.7M | $210.1M | $193.9M | $203.8M | $152.2M | $194.5M | $349.7M | $376.4M | $275.2M | $258.1M |
| Cash & short-term investments | $1.23B | $1.12B | $1.68B | $1.84B | $1.94B | $1.28B | $916.8M | $877.4M | $787.9M | $758.3M |
| Net debt | −$1.05B | −$914.8M | −$1.48B | −$1.63B | −$1.79B | −$1.08B | −$567.1M | −$501.0M | −$512.7M | −$500.1M |
| Debt / equity | 0.16 | 0.29 | 0.29 | 0.36 | 0.23 | 0.31 | 0.61 | 0.82 | 0.75 | 0.78 |
| Debt / assets | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.08 | 0.10 | 0.09 | 0.09 |
| Net debt / EBITDA | −6.62 | −8.07 | −13.11 | −14.95 | −16.00 | −12.82 | −7.10 | −8.05 | −9.01 | −9.36 |
| Current ratio | 0.18 | 0.21 | 0.32 | 0.36 | 0.41 | 0.31 | 0.26 | 0.27 | 0.31 | 0.31 |
| Quick ratio | 0.18 | 0.21 | 0.32 | 0.41 | 0.49 | 0.40 | 0.30 | 0.27 | 0.31 | 0.31 |
| Interest coverage | 1.1 | 1.0 | 1.6 | 5.4 | 10.8 | 3.9 | 2.3 | 2.9 | 4.7 | 5.8 |
| Working capital | −$5.80B | −$4.26B | −$3.64B | −$3.53B | −$2.88B | −$2.89B | −$2.68B | −$2.43B | −$1.82B | −$1.72B |
| Invested capital | $110.9M | −$199.7M | −$818.6M | −$1.08B | −$1.12B | −$457.8M | $6.7M | −$42.4M | −$148.1M | −$169.9M |
| Tangible asset value | $753.1M | $532.0M | $476.9M | $368.6M | $540.9M | $493.8M | $439.9M | $345.0M | $308.4M | $273.4M |
| Net current asset value | −$5.99B | −$4.46B | −$3.81B | −$3.64B | −$2.96B | −$3.03B | −$2.86B | −$2.56B | −$1.96B | −$1.84B |
| Graham number | $46.64 | $39.16 | $38.31 | $34.41 | $42.39 | $35.24 | $33.86 | $29.64 | $25.20 | $22.84 |
| Graham net-net per share | −$162.06 | −$150.25 | −$128.98 | −$129.06 | −$119.79 | −$121.58 | −$113.70 | −$109.76 | −$85.89 | −$82.53 |
| Capital allocation | ||||||||||
| Dividends paid | $43.3M | $31.8M | $29.4M | $27.0M | $22.2M | $20.1M | $17.6M | $14.1M | $11.8M | $10.6M |
| Share buybacks (net) | — | — | $0 | — | $120,000 | $1.1M | $1.1M | $2.6M | $29,000 | $55,000 |
| Dividend payout ratio | 38.4% | 38.0% | 34.3% | 33.0% | 26.4% | 32.4% | 29.6% | 30.2% | 29.1% | 30.2% |
| Dividends + buybacks / free cash flow | 28.1% | 35.1% | 29.0% | 26.4% | 23.2% | 24.9% | 33.5% | 35.4% | 27.2% | 29.1% |
| Capex / revenue | 1.1% | 1.6% | 1.8% | 2.8% | 2.0% | 3.1% | 4.2% | 8.9% | 7.8% | 3.9% |
| Capex / operating cash flow | 3.3% | 5.3% | 5.4% | 7.1% | 4.6% | 7.7% | 14.4% | 24.4% | 20.4% | 12.5% |
| Capex / depreciation | 0.28 | 0.54 | 0.60 | 0.78 | 0.53 | 0.75 | 1.09 | 2.46 | 2.39 | 1.21 |
| Stock-based compensation / revenue | 0.6% | 0.9% | 0.7% | 0.8% | 0.8% | 0.5% | 0.6% | 0.8% | 0.9% | 1.0% |
| SG&A / revenue | 23.9% | 28.3% | 28.7% | 32.5% | 32.3% | 31.7% | 30.9% | 32.7% | 35.8% | 35.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 29.2 | — | — | 109.9 | 69.5 | 70.3 | 65.4 | 70.3 | 72.0 | 64.6 |
| Days of inventory on hand | — | — | — | -5,093.6 | -47,014.0 | -2,449.7 | -620.9 | 2.9 | 4.2 | 7.8 |
| Days payables outstanding | — | — | — | 645.4 | 5,709.6 | 477.5 | 327.1 | 360.8 | 547.1 | 750.3 |
| Cash conversion cycle (days) | — | — | — | -5,629.0 | -52,654.2 | -2,856.9 | -882.6 | -287.6 | -470.9 | -677.9 |
| Receivables turnover | 12.50 | — | — | 3.32 | 5.25 | 5.19 | 5.58 | 5.19 | 5.07 | 5.65 |
| Payables turnover | — | — | — | 0.57 | 0.06 | 0.76 | 1.12 | 1.01 | 0.67 | 0.49 |
| Inventory turnover | — | — | — | — | — | — | — | 124.76 | 86.97 | 47.01 |
| Asset turnover | 0.07 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Average receivables | $39.0M | — | — | $83.7M | $43.8M | $44.1M | $39.8M | $32.9M | $28.2M | $23.9M |
| Average payables | — | — | — | $43.7M | $47.7M | $48.0M | $32.8M | $21.0M | $19.3M | $19.9M |
| Average inventory | — | — | — | −$344.6M | −$392.7M | −$246.2M | −$62.2M | $170,000 | $148,000 | $205,500 |
| Intangibles / total assets | 4.9% | 2.9% | 3.0% | 3.1% | 2.3% | 2.6% | 3.0% | 2.9% | 1.8% | 1.9% |
Computed from GABC's annual financial statements (latest annual report filed February 27, 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.
GABC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), German American Bancorp traded at 12.8 times earnings, against a 10-year median of 14.0. Based on the latest twelve months, the trailing P/E is 13.1 and the forward P/E is 12.8. German American Bancorp earned a return on equity of 12.0% in fiscal 2025. It ended the year with $182.7 million of debt and $1.2 billion in cash and short-term investments, a net cash position of $1.1 billion. It returned $43.3 million to shareholders: $43.3 million in dividends and $0 in share buybacks, 28% of free cash flow. The share count rose 64.3% from 22.4M to 36.8M over 9 years.
See the GABC income statement, the GABC chart for price history, or the GABC stock overview for the latest quote and news.
GABC key metrics FAQ
What is German American Bancorp's P/E ratio?
German American Bancorp's trailing P/E ratio is 13.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.8. At the end of fiscal 2025 it was 12.8, compared with a 10-year median of 14.0.
What is German American Bancorp's EV/EBITDA?
German American Bancorp's enterprise value was 2.5 times EBITDA at the end of fiscal 2025 (enterprise value $390.3 million, EBITDA $158.8 million).
What is German American Bancorp's return on equity?
German American Bancorp's return on equity (ROE) was 12.0% in fiscal 2025: net income of $112.6 million on average shareholders' equity of $938.7 million.
How much debt does German American Bancorp have?
German American Bancorp had total debt of $182.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.16 and more cash than debt.
What is German American Bancorp's dividend yield?
German American Bancorp's forward dividend yield is 2.44%. German American Bancorp paid $43.3 million in dividends in fiscal 2025 ($1.18 per share), a payout ratio of 38.4%.
What is German American Bancorp's free cash flow yield?
German American Bancorp generated $154.0 million of free cash flow in fiscal 2025, a free cash flow yield of 10.7% on its market value at year-end ($1.4 billion).
What is German American Bancorp's current ratio?
German American Bancorp's current ratio was 0.18 at the end of fiscal 2025: current assets were 0.18 times current liabilities.