Lake Shore Bancorp, Inc. (LSBK) Key Metrics
LSBK valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $143.2M
- Enterprise value
- $61.9M
- P/E (TTM)
- 15.9 10-yr median 16.1
- Forward P/E
- 14.4
- PEG ratio
- —
- Price / sales
- 4.8 10-yr median 2.8
- Price / book
- 1.0 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 1.9
- Dividend yield
- 1.97% $0.36 a year
- Beta
- 0.29
LSBK key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLSBK valuation Price multiples at each fiscal year-end price.
LSBK returns How much profit the business earns on the capital it uses.
LSBK per-share figures Results divided by the shares outstanding at year-end.
LSBK financial health Debt, liquidity and how easily interest is covered.
LSBK efficiency & capital use Working capital cycle and where the cash goes.
LSBK valuation history
LSBK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LSBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LSBK cash returned to shareholders
LSBK price vs earnings per share
LSBK key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $109.0M | $77.3M | $68.6M | $71.0M | $87.7M | $77.4M | $67.8M | $67.4M | $77.7M | $72.8M |
| Enterprise value | −$6.4M | −$2.1M | −$10.3M | $25.8M | −$46.7M | −$15.0M | $7.2M | $73,848 | $13.9M | −$7.7M |
| P/E ratio | 15.0 | 15.7 | 14.2 | 12.4 | 14.2 | 17.0 | 16.6 | 16.8 | 23.0 | 20.7 |
| Price / sales | 2.8 | 2.0 | 1.9 | 2.4 | 3.2 | 2.8 | 2.5 | 2.8 | 3.5 | 3.4 |
| Price / book | 0.8 | 0.9 | 0.8 | 0.9 | 1.0 | 0.9 | 0.1 | 0.8 | 1.0 | 1.0 |
| Price / free cash flow | 14.7 | 30.8 | 11.8 | 9.2 | 11.1 | 14.9 | 13.5 | 12.7 | 17.9 | 19.0 |
| Price / operating cash flow | 13.6 | 30.8 | 11.1 | 8.7 | 10.3 | 13.8 | 11.6 | 11.0 | 13.3 | 16.9 |
| EV / sales | -0.2 | -0.1 | -0.3 | 0.9 | -1.7 | -0.6 | 0.3 | 0.0 | 0.6 | -0.4 |
| EV / EBITDA | — | — | — | 3.3 | — | — | 1.3 | 0.0 | 2.6 | — |
| EV / free cash flow | — | — | — | 3.3 | — | — | 1.4 | 0.0 | 3.2 | — |
| Earnings yield | 6.7% | 6.4% | 7.0% | 8.0% | 7.1% | 5.9% | 6.0% | 5.9% | 4.3% | 4.8% |
| Free cash flow yield | 6.8% | 3.2% | 8.5% | 10.9% | 9.0% | 6.7% | 7.4% | 7.9% | 5.6% | 5.3% |
| Dividend yield | 0.9% | 1.4% | 0.7% | 2.0% | 1.2% | 1.3% | 1.9% | 1.3% | 1.0% | 1.2% |
| Shareholder yield (dividends + buybacks) | 1.0% | 1.4% | 0.8% | 2.1% | 3.8% | 3.4% | 4.0% | 3.5% | 1.3% | 1.8% |
| Share price at fiscal year-end | $14.66 | $10.14 | $8.64 | $8.91 | $11.00 | $9.59 | $11.29 | $11.12 | $12.66 | $12.01 |
| Per share | ||||||||||
| Revenue per share | $5.32 | $5.00 | $4.59 | $3.70 | $3.49 | $3.39 | $4.46 | $3.96 | $3.59 | $3.56 |
| Earnings per share | $0.98 | $0.65 | $0.61 | $0.72 | $0.78 | $0.56 | $0.68 | $0.66 | $0.55 | $0.58 |
| Operating cash flow per share | $1.08 | $0.33 | $0.78 | $1.02 | $1.07 | $0.69 | $0.97 | $1.01 | $0.95 | $0.71 |
| Free cash flow per share | $1.00 | $0.33 | $0.73 | $0.97 | $0.99 | $0.64 | $0.84 | $0.87 | $0.71 | $0.63 |
| Cash per share | $15.70 | $11.77 | $14.39 | $10.38 | $19.60 | $15.14 | $16.91 | $16.22 | $15.42 | $16.72 |
| Book value per share | $19.04 | $11.80 | $10.87 | $10.19 | $11.03 | $10.65 | $96.00 | $13.17 | $12.76 | $12.55 |
| Tangible book value per share | $19.04 | $11.77 | $10.85 | $10.19 | $11.03 | $10.65 | $96.00 | $13.17 | $12.76 | $12.55 |
| Dividends per share | $0.14 | $0.14 | $0.06 | $0.18 | $0.14 | $0.13 | $0.21 | $0.15 | $0.12 | $0.15 |
| Capex per share | $0.08 | $0.01 | $0.05 | $0.05 | $0.08 | $0.05 | $0.13 | $0.13 | $0.24 | $0.08 |
| Debt per share | $0.18 | $1.35 | $4.44 | $4.71 | $2.75 | $3.69 | $6.81 | $5.12 | $5.03 | $3.43 |
| Shares outstanding | 7.4M | 7.6M | 7.9M | 8.0M | 8.0M | 8.1M | 6.0M | 6.1M | 6.1M | 6.1M |
| Change in shares outstanding | −2.4% | −4.0% | −0.4% | −0.1% | −1.1% | +34.4% | −1.0% | −1.3% | +1.3% | +1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.3% | 5.6% | 5.8% | 6.7% | 7.1% | 1.4% | 1.2% | 5.1% | 4.4% | 4.7% |
| Return on invested capital (ROIC) | 39.7% | 55.3% | 22.2% | — | — | — | 1.5% | 29.6% | 67.0% | — |
| Return on assets (ROA) | 1.0% | 0.7% | 0.7% | 0.8% | 0.9% | 0.7% | 0.7% | 0.8% | 0.7% | 0.7% |
| Return on tangible assets | 1.0% | 0.7% | 0.7% | 0.8% | 0.9% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% |
| Free cash flow margin | 18.8% | 6.6% | 16.0% | 26.2% | 28.5% | 19.0% | 18.8% | 22.1% | 19.7% | 17.7% |
| Income quality (OCF / net income) | 1.10 | 0.51 | 1.29 | 1.43 | 1.38 | 1.23 | 1.43 | 1.53 | 1.72 | 1.22 |
| Financial health | ||||||||||
| Total debt | $1.3M | $10.2M | $35.2M | $37.5M | $21.9M | $29.8M | $40.9M | $31.0M | $30.9M | $20.8M |
| Cash & short-term investments | $116.8M | $89.6M | $114.2M | $82.7M | $156.4M | $122.2M | $101.5M | $98.3M | $94.7M | $101.3M |
| Net debt | −$115.5M | −$79.4M | −$78.9M | −$45.1M | −$134.4M | −$92.5M | −$60.6M | −$67.3M | −$63.8M | −$80.5M |
| Debt / equity | 0.01 | 0.11 | 0.41 | 0.46 | 0.25 | 0.35 | 0.07 | 0.39 | 0.39 | 0.27 |
| Debt / assets | 0.00 | 0.01 | 0.05 | 0.05 | 0.03 | 0.04 | 0.07 | 0.06 | 0.06 | 0.04 |
| Net debt / EBITDA | −12.54 | −12.02 | −11.23 | −5.84 | −16.12 | −14.86 | −10.92 | −12.56 | −11.79 | −15.62 |
| Current ratio | 200.88 | 0.16 | 0.20 | 0.15 | 0.27 | 0.22 | 0.39 | 0.43 | 2.16 | 2.21 |
| Quick ratio | 200.88 | 0.16 | 1.05 | 0.04 | 0.39 | 0.31 | 0.51 | 0.57 | 0.66 | 0.79 |
| Interest coverage | 0.7 | 0.4 | 0.7 | 2.8 | 2.8 | 1.2 | 0.9 | 1.3 | 1.7 | 1.9 |
| Working capital | $64.0M | −$480.5M | −$473.9M | −$497.2M | −$434.3M | −$435.1M | −$165.1M | −$134.7M | $244.3M | $231.0M |
| Invested capital | $26.1M | $10.5M | $7.4M | $36.0M | −$46.5M | −$6.5M | $515.6M | $12.5M | $14.5M | −$4.5M |
| Tangible asset value | $141.6M | $89.7M | $86.1M | $81.2M | $88.0M | $85.9M | $576.2M | $79.8M | $78.4M | $76.0M |
| Net current asset value | −$521.4M | −$503.2M | −$521.8M | −$533.3M | −$466.9M | −$475.1M | $69.0M | −$365.7M | $14.4M | $9.2M |
| Graham number | $20.46 | $13.11 | $12.19 | $12.82 | $13.87 | $11.63 | $38.35 | $13.98 | $12.57 | $12.80 |
| Graham net-net per share | −$62.73 | −$66.15 | −$97.68 | −$63.23 | −$63.00 | −$61.82 | $8.64 | −$63.17 | −$30.43 | −$28.82 |
| Capital allocation | ||||||||||
| Dividends paid | $1.0M | $1.1M | $462,000 | $1.4M | $1.1M | $1.0M | $1.3M | $880,000 | $743,000 | $888,000 |
| Share buybacks (net) | $51,000 | $20,000 | $58,000 | $85,000 | $2.3M | $1.6M | $1.4M | $1.4M | $269,000 | $455,000 |
| Dividend payout ratio | 14.0% | 21.9% | 9.6% | 25.2% | 17.5% | 22.4% | 31.1% | 22.0% | 22.0% | 25.3% |
| Dividends + buybacks / free cash flow | 14.4% | 43.9% | 8.9% | 19.7% | 42.1% | 50.2% | 53.5% | 44.0% | 23.3% | 35.1% |
| Capex / revenue | 1.4% | 0.3% | 1.1% | 1.4% | 2.3% | 1.5% | 3.0% | 3.4% | 6.7% | 2.2% |
| Capex / operating cash flow | 7.0% | 4.5% | 6.3% | 5.0% | 7.3% | 7.1% | 13.9% | 13.4% | 25.4% | 10.9% |
| Capex / depreciation | 1.21 | 0.15 | 0.48 | 0.47 | 0.72 | 0.47 | 1.00 | 1.06 | 1.74 | 0.54 |
| Stock-based compensation / revenue | 1.0% | 0.9% | 0.3% | 1.1% | 1.3% | 1.2% | 1.7% | 2.4% | 2.6% | 1.5% |
| SG&A / revenue | 22.5% | 32.4% | 35.6% | 36.8% | 35.1% | 34.5% | 35.7% | 38.0% | 37.9% | 37.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 26.9 | 27.1 | 28.2 | 32.7 | 35.8 | 34.3 | 27.7 | 28.2 | 28.1 | 27.5 |
| Days of inventory on hand | — | — | -9,708.7 | -562.4 | -6,397.7 | -2,398.7 | -1,992.4 | 12,892.1 | 34,136.2 | 14,556.1 |
| Days payables outstanding | — | — | 202.9 | 35,047.6 | 63,529.9 | 16,959.2 | 12,944.7 | 38,292.6 | 45,976.4 | 40,303.1 |
| Cash conversion cycle (days) | — | — | -9,883.3 | -35,577.2 | -69,891.8 | -19,323.6 | -14,909.3 | -25,372.2 | -11,812.1 | -25,719.6 |
| Receivables turnover | 13.58 | 13.48 | 12.92 | 11.16 | 10.18 | 10.63 | 13.16 | 12.93 | 12.97 | 13.29 |
| Payables turnover | — | — | 1.80 | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | — | — | 0.01 | 0.03 |
| Asset turnover | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Average receivables | $2.9M | $2.8M | $2.8M | $2.6M | $2.7M | $2.6M | $2.0M | $1.9M | $1.7M | $1.6M |
| Average payables | — | — | $4.6M | $301.5M | $577.0M | $280.1M | $216.2M | $418.8M | $395.5M | $377.5M |
| Average inventory | — | — | −$222.2M | −$4.8M | −$58.1M | −$39.6M | −$33.3M | $141.0M | $293.7M | $136.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from LSBK's annual financial statements (latest annual report filed January 22, 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.
LSBK valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Lake Shore Bancorp traded at 15.0 times earnings, against a 10-year median of 16.1. Based on the latest twelve months, the trailing P/E is 15.9 and the forward P/E is 14.4. Lake Shore Bancorp earned a return on equity of 6.3% and a return on invested capital of 39.7% in fiscal 2025. It ended the year with $1.3 million of debt and $116.8 million in cash and short-term investments, a net cash position of $115.5 million. It returned $1.1 million to shareholders: $1.0 million in dividends and $0.1 million in share buybacks, 14% of free cash flow. The share count rose 22.7% from 6.1M to 7.4M over 9 years.
See the LSBK income statement, the LSBK chart for price history, or the LSBK stock overview for the latest quote and news.
LSBK key metrics FAQ
What is Lake Shore Bancorp's P/E ratio?
Lake Shore Bancorp's trailing P/E ratio is 15.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.4. At the end of fiscal 2025 it was 15.0, compared with a 10-year median of 16.1.
What is Lake Shore Bancorp's return on equity?
Lake Shore Bancorp's return on equity (ROE) was 6.3% in fiscal 2025: net income of $7.3 million on average shareholders' equity of $115.8 million.
What is Lake Shore Bancorp's ROIC?
Lake Shore Bancorp's return on invested capital was 39.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lake Shore Bancorp have?
Lake Shore Bancorp had total debt of $1.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Lake Shore Bancorp's dividend yield?
Lake Shore Bancorp's forward dividend yield is 1.97%. Lake Shore Bancorp paid $1.0 million in dividends in fiscal 2025 ($0.14 per share), a payout ratio of 14.0%.
Does Lake Shore Bancorp buy back its shares?
Yes. Lake Shore Bancorp spent $0.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.4% over the year, to 7.4M..
What is Lake Shore Bancorp's free cash flow yield?
Lake Shore Bancorp generated $7.4 million of free cash flow in fiscal 2025, a free cash flow yield of 6.8% on its market value at year-end ($109.0 million).
What is Lake Shore Bancorp's current ratio?
Lake Shore Bancorp's current ratio was 200.88 at the end of fiscal 2025: current assets were 200.88 times current liabilities.