Hanover Bancorp, Inc. (HNVR) Key Metrics
HNVR valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $170.2M
- Enterprise value
- $135.9M
- P/E (TTM)
- 19.0 10-yr median 9.6
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.5 10-yr median 1.4
- Price / book
- 0.9 10-yr median 0.7
- EV / EBITDA
- — 10-yr median 3.1
- Dividend yield
- 1.66% $0.40 a year
- Beta
- 0.11
HNVR key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsHNVR valuation Price multiples at each fiscal year-end price.
HNVR returns How much profit the business earns on the capital it uses.
HNVR per-share figures Results divided by the shares outstanding at year-end.
HNVR financial health Debt, liquidity and how easily interest is covered.
HNVR efficiency & capital use Working capital cycle and where the cash goes.
HNVR valuation history
HNVR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HNVR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HNVR cash returned to shareholders
HNVR price vs earnings per share
HNVR key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $167.9M | $133.0M | $128.8M | $117.7M | — | — | — | — | — | — |
| Enterprise value | $58.1M | $27.9M | $54.8M | $82.3M | — | — | — | — | — | — |
| P/E ratio | 22.4 | 10.8 | 8.5 | 5.0 | — | — | — | — | — | — |
| Price / sales | 1.2 | 0.9 | 2.0 | 1.7 | — | — | — | — | — | — |
| Price / book | 0.8 | 0.7 | 0.7 | 0.7 | — | — | — | — | — | — |
| Price / free cash flow | 13.8 | 32.1 | 7.9 | 4.9 | — | — | — | — | — | — |
| Price / operating cash flow | 12.9 | 24.4 | 7.9 | 4.7 | — | — | — | — | — | — |
| EV / sales | 0.4 | 0.2 | 0.9 | 1.2 | — | — | — | — | — | — |
| EV / EBITDA | 4.1 | 1.4 | 30.9 | 2.1 | — | — | — | — | — | — |
| EV / free cash flow | 4.8 | 6.7 | 3.3 | 3.4 | — | — | — | — | — | — |
| Earnings yield | 4.5% | 9.3% | 11.8% | 20.0% | — | — | — | — | — | — |
| Free cash flow yield | 7.3% | 3.1% | 12.7% | 20.3% | — | — | — | — | — | — |
| Dividend yield | 1.8% | 2.2% | 2.3% | 1.7% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 2.9% | 2.4% | 2.3% | 1.7% | — | — | — | — | — | — |
| Share price at fiscal year-end | $22.45 | $17.89 | $18.09 | $19.12 | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $19.17 | $19.96 | $8.89 | $11.48 | $10.93 | $9.91 | $9.38 | $5.72 | $4.73 | $3.63 |
| Earnings per share | $1.00 | $1.66 | $2.13 | $3.83 | $2.28 | $1.19 | $1.93 | $1.36 | $0.78 | $0.75 |
| Operating cash flow per share | $1.75 | $0.73 | $2.30 | $4.07 | $2.77 | $0.14 | $1.90 | $2.35 | — | — |
| Free cash flow per share | $1.63 | $0.56 | $2.30 | $3.89 | $2.34 | −$0.13 | $1.54 | $1.90 | — | — |
| Cash per share | $32.88 | $33.18 | $33.44 | $26.27 | $33.41 | $20.61 | $20.98 | $16.88 | $12.67 | $10.65 |
| Book value per share | $26.78 | $26.46 | $25.96 | $28.03 | $25.75 | $18.65 | $17.19 | $16.03 | $15.14 | $12.24 |
| Tangible book value per share | $23.35 | $23.03 | $22.56 | $24.14 | $20.84 | $18.15 | $16.84 | $16.03 | $15.14 | $12.24 |
| Dividends per share | $0.40 | $0.40 | $0.41 | $0.33 | $0.43 | $0.49 | $0.49 | — | — | — |
| Capex per share | $0.12 | $0.17 | $0.48 | $0.18 | $0.44 | $0.26 | $0.36 | $0.45 | $0.00 | $0.00 |
| Debt per share | $18.19 | $19.04 | $23.04 | $20.51 | $38.70 | $23.92 | $27.65 | $36.80 | $29.85 | $23.05 |
| Shares outstanding | 7.5M | 7.4M | 7.1M | 6.2M | 4.8M | 4.2M | 4.2M | 3.4M | 2.8M | 2.6M |
| Change in shares outstanding | +0.6% | +4.4% | +15.6% | +29.4% | +13.7% | 0.0% | +23.7% | +22.6% | +5.3% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.8% | 6.5% | 8.5% | 16.0% | 10.8% | 6.6% | 12.8% | 9.6% | 5.8% | 6.1% |
| Return on invested capital (ROIC) | 8.2% | 12.2% | 1.1% | 20.4% | 9.1% | 5.2% | 8.1% | 5.0% | 3.0% | 3.0% |
| Return on assets (ROA) | 0.3% | 0.5% | 0.7% | 1.4% | 0.9% | 0.6% | 1.1% | 0.8% | 0.5% | 0.5% |
| Return on tangible assets | 0.3% | 0.5% | 0.7% | 1.3% | 0.7% | 0.6% | 1.0% | 0.7% | 0.4% | 0.5% |
| Free cash flow margin | 8.5% | 2.8% | 25.9% | 33.8% | 21.4% | −1.3% | 16.4% | 33.3% | — | — |
| Income quality (OCF / net income) | 1.74 | 0.44 | 1.08 | 1.06 | 1.22 | 0.11 | 0.98 | 1.73 | — | — |
| Financial health | ||||||||||
| Total debt | $136.0M | $141.5M | $164.0M | $126.3M | $184.2M | $100.1M | $115.7M | $124.5M | $82.4M | $60.4M |
| Cash & short-term investments | $245.8M | $246.6M | $238.1M | $161.8M | $159.0M | $86.2M | $87.8M | $57.1M | $35.0M | $27.9M |
| Net debt | −$109.8M | −$105.1M | −$74.1M | −$35.5M | $25.2M | $13.9M | $27.9M | $67.4M | $47.4M | $32.5M |
| Debt / equity | 0.68 | 0.72 | 0.89 | 0.73 | 1.50 | 1.28 | 1.61 | 2.30 | 1.97 | 1.88 |
| Debt / assets | 0.06 | 0.06 | 0.07 | 0.07 | 0.12 | 0.12 | 0.14 | 0.19 | 0.16 | 0.17 |
| Net debt / EBITDA | −7.79 | −5.19 | −41.82 | −0.90 | 1.62 | 1.84 | 2.53 | 3.92 | 4.74 | 4.14 |
| Current ratio | 0.13 | 0.13 | 0.13 | 0.11 | 0.15 | 248.69 | 0.42 | 0.12 | — | — |
| Quick ratio | 0.13 | 0.13 | 0.25 | 0.11 | 0.30 | 493.70 | 0.42 | 0.12 | — | — |
| Interest coverage | 0.1 | 0.2 | 0.0 | 5.3 | 2.0 | 0.5 | 4.0 | — | — | — |
| Working capital | −$1.77B | −$1.69B | −$1.65B | −$1.36B | −$993.4M | $92.6M | −$130.2M | −$409.1M | — | — |
| Invested capital | $90.5M | $91.5M | $110.8M | $137.1M | $147.7M | $91.9M | $99.8M | $121.6M | $89.2M | $64.5M |
| Tangible asset value | $174.6M | $171.2M | $160.7M | $148.7M | $99.2M | $76.0M | $70.5M | $525.5M | $419.0M | $301.9M |
| Net current asset value | −$1.92B | −$1.85B | −$1.83B | −$1.49B | −$1.19B | −$680.6M | −$681.4M | −$67.4M | −$47.4M | −$32.5M |
| Graham number | $24.57 | $31.44 | $35.27 | $49.11 | $36.35 | $22.33 | $27.33 | $22.15 | $16.30 | $14.37 |
| Graham net-net per share | −$257.87 | −$250.24 | −$273.41 | −$243.47 | −$270.28 | −$173.95 | −$164.63 | −$19.92 | −$17.19 | −$12.40 |
| Capital allocation | ||||||||||
| Dividends paid | $3.0M | $3.0M | $2.9M | $2.1M | $2.1M | $2.1M | $2.1M | — | — | — |
| Share buybacks (net) | $1.8M | $198,000 | $0 | $0 | — | — | — | — | — | — |
| Dividend payout ratio | 40.2% | 24.0% | 19.3% | 8.7% | 18.9% | 41.3% | 25.4% | — | — | — |
| Dividends + buybacks / free cash flow | 39.7% | 76.1% | 17.9% | 8.6% | 18.5% | — | 31.9% | — | — | — |
| Capex / revenue | 0.6% | 0.9% | 5.4% | 1.6% | 4.0% | 2.6% | 3.9% | 7.9% | 0.0% | 0.0% |
| Capex / operating cash flow | 6.7% | 23.8% | 20.8% | 4.5% | 15.8% | 193.1% | 19.1% | 19.1% | — | — |
| Capex / depreciation | 0.21 | 0.33 | 1.00 | 0.64 | 1.41 | 0.81 | 2.17 | 2.14 | — | — |
| Stock-based compensation / revenue | 1.1% | 1.1% | 3.0% | 2.4% | 1.7% | 1.8% | 1.1% | — | — | — |
| SG&A / revenue | 24.9% | 18.2% | 37.7% | 30.1% | 28.6% | 29.9% | 4.9% | 10.2% | 11.4% | 10.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 30.1 | 29.2 | 59.0 | 46.2 | 56.6 | 59.5 | — | — | — | — |
| Days of inventory on hand | — | — | -12,488.1 | — | -6,225.5 | -2,345.3 | — | — | — | — |
| Days payables outstanding | 7.4 | 7.0 | 75.8 | 34.6 | 38.1 | 8,326.6 | — | — | — | — |
| Cash conversion cycle (days) | 22.7 | 22.2 | -12,504.9 | 11.6 | -6,207.1 | -10,612.4 | — | — | — | — |
| Receivables turnover | 12.13 | 12.49 | 6.19 | 7.90 | 6.45 | 6.13 | — | — | — | — |
| Payables turnover | 49.12 | 52.13 | 4.82 | 10.54 | 9.58 | 0.04 | 0.00 | 0.00 | — | — |
| Asset turnover | 0.06 | 0.06 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.03 | 0.03 | 0.03 |
| Average receivables | $11.8M | $11.9M | $10.2M | $9.0M | $8.1M | $6.8M | — | — | — | — |
| Average payables | $1.6M | $1.6M | $1.3M | $1.1M | $832,000 | $325.3M | $558.2M | $466.2M | — | — |
| Average inventory | — | — | −$217.4M | — | −$135.9M | −$91.6M | — | — | — | — |
| Intangibles / total assets | 1.1% | 1.1% | 1.1% | 1.3% | 1.6% | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% |
Computed from HNVR'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.
HNVR valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Hanover Bancorp traded at 22.4 times earnings, against a 10-year median of 9.6. Based on the latest twelve months, the trailing P/E is 19.0. Hanover Bancorp earned a return on equity of 3.8% and a return on invested capital of 8.2% in fiscal 2025. It ended the year with $136.0 million of debt and $245.8 million in cash and short-term investments, a net cash position of $109.8 million. It returned $4.8 million to shareholders: $3.0 million in dividends and $1.8 million in share buybacks, 40% of free cash flow. The share count rose 185.4% from 2.6M to 7.5M over 9 years.
See the HNVR income statement, the HNVR chart for price history, or the HNVR stock overview for the latest quote and news.
HNVR key metrics FAQ
What is Hanover Bancorp's P/E ratio?
Hanover Bancorp's trailing P/E ratio is 19.0 based on the last twelve months of earnings (as of October 17, 2026). At the end of fiscal 2025 it was 22.4, compared with a 10-year median of 9.6.
What is Hanover Bancorp's EV/EBITDA?
Hanover Bancorp's enterprise value was 4.1 times EBITDA at the end of fiscal 2025 (enterprise value $58.1 million, EBITDA $14.1 million).
What is Hanover Bancorp's return on equity?
Hanover Bancorp's return on equity (ROE) was 3.8% in fiscal 2025: net income of $7.5 million on average shareholders' equity of $198.5 million.
What is Hanover Bancorp's ROIC?
Hanover Bancorp's return on invested capital was 8.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hanover Bancorp have?
Hanover Bancorp had total debt of $136.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.68 and more cash than debt.
What is Hanover Bancorp's dividend yield?
Hanover Bancorp's forward dividend yield is 1.66%. Hanover Bancorp paid $3.0 million in dividends in fiscal 2025 ($0.40 per share), a payout ratio of 40.2%.
Does Hanover Bancorp buy back its shares?
Yes. Hanover Bancorp spent $1.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.6% over the year, to 7.5M..
What is Hanover Bancorp's free cash flow yield?
Hanover Bancorp generated $12.2 million of free cash flow in fiscal 2025, a free cash flow yield of 7.3% on its market value at year-end ($167.9 million).
What is Hanover Bancorp's current ratio?
Hanover Bancorp's current ratio was 0.13 at the end of fiscal 2025: current assets were 0.13 times current liabilities.