Orange County Bancorp, Inc. (OBT) Key Metrics
OBT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $498.6M
- Enterprise value
- $198.3M
- P/E (TTM)
- 10.4 10-yr median 11.4
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 4.1 10-yr median 2.3
- Price / book
- 1.6 10-yr median 1.1
- EV / EBITDA
- —
- Dividend yield
- 1.94% $0.72 a year
- Beta
- 0.43
OBT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOBT valuation Price multiples at each fiscal year-end price.
OBT returns How much profit the business earns on the capital it uses.
OBT per-share figures Results divided by the shares outstanding at year-end.
OBT financial health Debt, liquidity and how easily interest is covered.
OBT efficiency & capital use Working capital cycle and where the cash goes.
OBT valuation history
OBT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OBT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OBT cash returned to shareholders
OBT price vs earnings per share
OBT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $357.1M | $314.1M | $339.1M | $261.8M | $199.7M | $122.9M | $131.8M | $108.9M | $109.7M | $45.5M |
| Enterprise value | $29.1M | −$137.0M | −$44.2M | −$206.7M | −$548.9M | −$306.2M | −$140.2M | −$126.4M | −$195.1M | −$172.9M |
| P/E ratio | 8.6 | 11.3 | 11.5 | 10.7 | 9.4 | 10.5 | 11.5 | 14.4 | 46.7 | 12.5 |
| Price / sales | 2.3 | 2.2 | 2.6 | 2.7 | 2.6 | 1.9 | 2.3 | 2.3 | 2.6 | 1.2 |
| Price / book | 1.3 | 1.7 | 2.1 | 1.9 | 1.1 | 0.9 | 1.1 | 1.0 | 1.2 | 0.5 |
| Price / free cash flow | 8.6 | 9.6 | 8.3 | 9.0 | 10.9 | 11.5 | 11.1 | 10.3 | 16.0 | 5.1 |
| Price / operating cash flow | 8.1 | 9.1 | 7.6 | 8.6 | 9.8 | 10.8 | 9.6 | 9.1 | 13.0 | 4.8 |
| EV / sales | 0.2 | -1.0 | -0.3 | -2.2 | -7.2 | -4.8 | -2.4 | -2.6 | -4.6 | -4.5 |
| EV / EBITDA | 0.5 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 0.7 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 11.7% | 8.9% | 8.7% | 9.3% | 10.7% | 9.5% | 8.7% | 6.9% | 2.1% | 8.0% |
| Free cash flow yield | 11.6% | 10.5% | 12.1% | 11.1% | 9.2% | 8.7% | 9.0% | 9.7% | 6.3% | 19.5% |
| Dividend yield | 2.0% | 1.7% | 1.5% | 1.8% | 2.0% | 2.9% | 2.7% | 3.0% | 2.9% | 7.1% |
| Shareholder yield (dividends + buybacks) | 2.0% | 1.9% | 1.7% | 1.9% | 2.2% | 3.9% | 3.1% | 3.2% | 3.0% | 7.2% |
| Share price at fiscal year-end | $28.55 | $27.79 | $30.12 | $23.29 | $20.10 | $13.62 | $14.70 | $13.50 | $14.01 | $11.63 |
| Per share | ||||||||||
| Revenue per share | $12.64 | $12.66 | $11.64 | $8.54 | $7.65 | $7.15 | $6.42 | $5.93 | $5.41 | $9.78 |
| Earnings per share | $3.33 | $2.47 | $2.62 | $2.17 | $2.14 | $1.30 | $1.28 | $0.94 | $0.30 | $0.93 |
| Operating cash flow per share | $3.51 | $3.06 | $3.95 | $2.71 | $2.04 | $1.26 | $1.53 | $1.48 | $1.07 | $2.40 |
| Free cash flow per share | $3.30 | $2.91 | $3.64 | $2.57 | $1.85 | $1.18 | $1.32 | $1.31 | $0.88 | $2.27 |
| Cash per share | $28.98 | $52.56 | $56.61 | $55.10 | $77.58 | $50.05 | $31.22 | $33.94 | $41.89 | $78.34 |
| Book value per share | $22.73 | $16.41 | $14.69 | $12.29 | $18.40 | $15.02 | $13.61 | $13.45 | $11.66 | $23.60 |
| Tangible book value per share | $22.26 | $15.87 | $14.12 | $11.69 | $17.69 | $14.21 | $12.76 | $12.47 | $10.62 | $21.44 |
| Dividends per share | $0.57 | $0.47 | $0.46 | $0.42 | $0.41 | $0.40 | $0.40 | $0.40 | $0.41 | $0.82 |
| Capex per share | $0.20 | $0.15 | $0.31 | $0.14 | $0.20 | $0.08 | $0.21 | $0.18 | $0.20 | $0.13 |
| Debt per share | $2.76 | $12.66 | $22.56 | $13.43 | $2.25 | $2.48 | $0.89 | $4.78 | $2.95 | $22.53 |
| Shares outstanding | 12.5M | 11.3M | 11.3M | 11.2M | 9.9M | 9.0M | 9.0M | 8.1M | 7.8M | 3.9M |
| Change in shares outstanding | +10.7% | +0.4% | +0.1% | +13.1% | +10.2% | +0.5% | +11.1% | +3.1% | +100.0% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.7% | 15.9% | 19.4% | 15.2% | 13.4% | 9.1% | 10.0% | 7.6% | 2.6% | 3.9% |
| Return on assets (ROA) | 1.6% | 1.1% | 1.2% | 1.1% | 1.1% | 0.8% | 1.0% | 0.7% | 0.3% | 0.4% |
| Return on tangible assets | 1.6% | 1.1% | 1.2% | 1.1% | 1.0% | 0.7% | 0.9% | 0.7% | 0.2% | 0.4% |
| Free cash flow margin | 26.1% | 23.0% | 31.3% | 30.1% | 24.2% | 16.5% | 20.6% | 22.0% | 16.2% | 23.2% |
| Income quality (OCF / net income) | 1.05 | 1.24 | 1.51 | 1.25 | 0.95 | 0.97 | 1.20 | 1.58 | 3.58 | 2.58 |
| Financial health | ||||||||||
| Total debt | $34.6M | $143.1M | $254.0M | $150.9M | $22.4M | $22.3M | $8.0M | $38.6M | $23.1M | $88.2M |
| Cash & short-term investments | $362.6M | $594.1M | $637.3M | $619.5M | $771.0M | $451.3M | $280.0M | $273.9M | $327.9M | $306.6M |
| Net debt | −$328.0M | −$451.0M | −$383.3M | −$468.6M | −$748.6M | −$429.0M | −$272.0M | −$235.4M | −$304.8M | −$218.5M |
| Debt / equity | 0.12 | 0.77 | 1.54 | 1.09 | 0.12 | 0.16 | 0.07 | 0.36 | 0.25 | 0.95 |
| Debt / assets | 0.01 | 0.06 | 0.10 | 0.07 | 0.01 | 0.01 | 0.01 | 0.04 | 0.02 | 0.10 |
| Net debt / EBITDA | −6.14 | −12.27 | −9.80 | −14.66 | −26.42 | −26.68 | −17.13 | −22.25 | −38.25 | −40.73 |
| Current ratio | 0.16 | 0.27 | 0.28 | 0.29 | 0.40 | 0.30 | 0.26 | 0.30 | 0.40 | 0.41 |
| Quick ratio | 0.16 | 0.27 | 0.22 | 0.34 | 0.56 | 0.39 | 0.28 | 0.30 | 0.40 | 0.41 |
| Interest coverage | 1.7 | 1.0 | 1.3 | 4.9 | 6.7 | 3.1 | 3.0 | 3.3 | 2.3 | 1.1 |
| Working capital | −$1.94B | −$1.67B | −$1.62B | −$1.50B | −$1.16B | −$1.05B | −$816.3M | −$640.9M | −$491.9M | −$445.0M |
| Invested capital | −$43.7M | −$265.5M | −$217.9M | −$330.5M | −$565.8M | −$293.6M | −$150.0M | −$126.8M | −$213.5M | −$126.1M |
| Tangible asset value | $278.5M | $179.4M | $158.9M | $131.4M | $175.8M | $128.1M | $114.5M | $100.6M | $83.1M | $83.9M |
| Net current asset value | −$2.00B | −$1.72B | −$1.68B | −$1.52B | −$1.18B | −$1.07B | −$824.3M | −$679.4M | −$538.7M | −$508.1M |
| Graham number | $41.25 | $30.18 | $29.42 | $24.48 | $29.78 | $20.92 | $19.80 | $16.83 | $8.88 | $22.22 |
| Graham net-net per share | −$160.26 | −$152.64 | −$142.79 | −$139.74 | −$134.86 | −$126.12 | −$93.57 | −$84.29 | −$68.91 | −$130.00 |
| Capital allocation | ||||||||||
| Dividends paid | $7.1M | $5.3M | $5.2M | $4.7M | $4.0M | $3.6M | $3.6M | $3.3M | $3.2M | $3.2M |
| Share buybacks (net) | $158,000 | $518,000 | $447,000 | $308,000 | $379,000 | $1.2M | $467,000 | $186,000 | $54,000 | $37,000 |
| Dividend payout ratio | 17.1% | 19.1% | 17.6% | 19.2% | 18.9% | 30.7% | 31.2% | 43.2% | 137.2% | 88.5% |
| Dividends + buybacks / free cash flow | 17.6% | 17.8% | 13.8% | 17.2% | 24.0% | 44.6% | 34.1% | 32.8% | 47.8% | 36.6% |
| Capex / revenue | 1.6% | 1.2% | 2.7% | 1.6% | 2.6% | 1.1% | 3.2% | 3.0% | 3.7% | 1.3% |
| Capex / operating cash flow | 5.7% | 5.0% | 7.9% | 5.1% | 9.6% | 6.1% | 13.5% | 12.0% | 18.5% | 5.4% |
| Capex / depreciation | 1.38 | 0.89 | 1.80 | 0.91 | 1.18 | 0.44 | 1.26 | 1.02 | 1.06 | 0.50 |
| Stock-based compensation / revenue | 0.7% | 1.2% | 0.7% | 0.7% | 0.7% | 0.9% | 0.8% | 0.5% | 0.5% | 0.4% |
| SG&A / revenue | 27.3% | 28.2% | 28.0% | 33.5% | 34.8% | 39.0% | 40.3% | 44.0% | 46.2% | 47.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 19.7 | 16.1 | 17.1 | 24.6 | 31.1 | 26.9 | 19.7 | 22.1 | 23.1 | 24.1 |
| Days of inventory on hand | — | — | 240.3 | -4,724.8 | -12,564.7 | -2,806.2 | -1,469.0 | — | — | — |
| Days payables outstanding | — | — | — | 22,599.7 | 97,118.7 | 46,321.4 | 51,575.8 | 59,552.2 | 63,554.0 | — |
| Cash conversion cycle (days) | — | — | — | -27,299.9 | -109,652.3 | -49,100.7 | -53,025.1 | -59,530.1 | -63,530.9 | — |
| Receivables turnover | 18.53 | 22.69 | 21.39 | 14.81 | 11.75 | 13.57 | 18.54 | 16.51 | 15.77 | 15.16 |
| Payables turnover | — | — | — | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | — |
| Inventory turnover | — | — | 1.52 | — | — | — | — | — | — | — |
| Asset turnover | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Average receivables | $8.5M | $6.3M | $6.1M | $6.5M | $6.5M | $4.7M | $3.1M | $2.9M | $2.7M | $2.5M |
| Average payables | — | — | — | $969.1M | $1.70B | $1.29B | $994.1M | $856.9M | $808.8M | — |
| Average inventory | — | — | $24.5M | −$202.6M | −$220.2M | −$77.9M | −$28.3M | — | — | — |
| Intangibles / total assets | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.4% | 0.6% | 0.7% | 0.9% | 0.9% |
Computed from OBT's annual financial statements (latest annual report filed March 16, 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.
OBT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Orange County Bancorp traded at 8.6 times earnings, against a 10-year median of 11.4. Based on the latest twelve months, the trailing P/E is 10.4. Orange County Bancorp earned a return on equity of 17.7% in fiscal 2025. It ended the year with $34.6 million of debt and $362.6 million in cash and short-term investments, a net cash position of $328.0 million. It returned $7.3 million to shareholders: $7.1 million in dividends and $0.2 million in share buybacks, 18% of free cash flow. The share count rose 219.6% from 3.9M to 12.5M over 9 years.
See the OBT income statement, the OBT chart for price history, or the OBT stock overview for the latest quote and news.
OBT key metrics FAQ
What is Orange County Bancorp's P/E ratio?
Orange County Bancorp's trailing P/E ratio is 10.4 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 8.6, compared with a 10-year median of 11.4.
What is Orange County Bancorp's EV/EBITDA?
Orange County Bancorp's enterprise value was 0.5 times EBITDA at the end of fiscal 2025 (enterprise value $29.1 million, EBITDA $53.4 million).
What is Orange County Bancorp's return on equity?
Orange County Bancorp's return on equity (ROE) was 17.7% in fiscal 2025: net income of $41.6 million on average shareholders' equity of $234.9 million.
How much debt does Orange County Bancorp have?
Orange County Bancorp had total debt of $34.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.12 and more cash than debt.
What is Orange County Bancorp's dividend yield?
Orange County Bancorp's forward dividend yield is 1.94%. Orange County Bancorp paid $7.1 million in dividends in fiscal 2025 ($0.57 per share), a payout ratio of 17.1%.
Does Orange County Bancorp buy back its shares?
Yes. Orange County Bancorp spent $0.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +10.7% over the year, to 12.5M..
What is Orange County Bancorp's free cash flow yield?
Orange County Bancorp generated $41.3 million of free cash flow in fiscal 2025, a free cash flow yield of 11.6% on its market value at year-end ($357.1 million).
What is Orange County Bancorp's current ratio?
Orange County Bancorp's current ratio was 0.16 at the end of fiscal 2025: current assets were 0.16 times current liabilities.