Old Second Bancorp, Inc. (OSBC) Key Metrics
OSBC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.27B
- Enterprise value
- $1.59B
- P/E (TTM)
- 14.1 10-yr median 11.3
- Forward P/E
- 8.6
- PEG ratio
- 1.51
- Price / sales
- 3.7 10-yr median 2.7
- Price / book
- 1.4 10-yr median 1.3
- EV / EBITDA
- — 10-yr median 2.0
- Dividend yield
- 1.13% $0.28 a year
- Beta
- 0.77
OSBC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOSBC valuation Price multiples at each fiscal year-end price.
OSBC returns How much profit the business earns on the capital it uses.
OSBC per-share figures Results divided by the shares outstanding at year-end.
OSBC financial health Debt, liquidity and how easily interest is covered.
OSBC efficiency & capital use Working capital cycle and where the cash goes.
OSBC valuation history
OSBC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OSBC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OSBC cash returned to shareholders
OSBC price vs earnings per share
OSBC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.04B | $811.5M | $700.9M | $725.2M | $387.0M | $304.8M | $409.7M | $394.0M | $410.0M | $329.7M |
| Enterprise value | $1.19B | −$307.7M | −$75.5M | −$668.5M | −$1.89B | −$404.4M | $80.3M | $110.9M | $59.4M | −$52.1M |
| P/E ratio | 13.0 | 9.5 | 7.6 | 10.8 | 19.3 | 11.0 | 10.4 | 11.6 | 27.1 | 21.0 |
| Price / sales | 2.6 | 2.4 | 2.2 | 2.8 | 2.7 | 2.2 | 2.7 | 2.9 | 3.5 | 3.3 |
| Price / book | 1.2 | 1.2 | 1.2 | 1.6 | 0.1 | 0.1 | 1.5 | 1.7 | 2.0 | 1.9 |
| Price / free cash flow | 8.9 | 6.7 | 6.7 | 7.8 | 13.3 | 13.8 | 8.5 | 7.4 | 11.4 | 13.0 |
| Price / operating cash flow | 8.5 | 6.2 | 6.0 | 7.5 | 12.5 | 11.7 | 7.8 | 7.2 | 11.1 | 12.1 |
| EV / sales | 3.0 | -0.9 | -0.2 | -2.6 | -13.3 | -2.9 | 0.5 | 0.8 | 0.5 | -0.5 |
| EV / EBITDA | 9.7 | — | — | — | — | — | 1.5 | 2.4 | 1.6 | — |
| EV / free cash flow | 10.1 | — | — | — | — | — | 1.7 | 2.1 | 1.6 | — |
| Earnings yield | 7.7% | 10.5% | 13.1% | 9.3% | 5.2% | 9.1% | 9.6% | 8.6% | 3.7% | 4.8% |
| Free cash flow yield | 11.3% | 14.9% | 14.8% | 12.8% | 7.5% | 7.2% | 11.8% | 13.5% | 8.8% | 7.7% |
| Dividend yield | 1.2% | 1.2% | 1.3% | 1.2% | 1.2% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% |
| Shareholder yield (dividends + buybacks) | 1.9% | 1.3% | 1.4% | 1.3% | 3.9% | 2.3% | 0.5% | 0.4% | 0.3% | 0.3% |
| Share price at fiscal year-end | $19.50 | $17.78 | $15.44 | $16.04 | $12.59 | $10.10 | $13.47 | $13.00 | $13.65 | $11.05 |
| Per share | ||||||||||
| Revenue per share | $7.42 | $7.37 | $7.07 | $5.65 | $4.62 | $4.62 | $4.91 | $4.52 | $3.88 | $3.37 |
| Earnings per share | $1.50 | $1.87 | $2.02 | $1.49 | $0.65 | $0.92 | $1.30 | $1.12 | $0.50 | $0.53 |
| Operating cash flow per share | $2.29 | $2.88 | $2.56 | $2.15 | $1.01 | $0.86 | $1.73 | $1.81 | $1.24 | $0.91 |
| Free cash flow per share | $2.20 | $2.65 | $2.29 | $2.06 | $0.94 | $0.73 | $1.59 | $1.75 | $1.20 | $0.85 |
| Cash per share | $3.67 | $27.63 | $28.48 | $36.59 | $79.53 | $27.38 | $17.60 | $19.68 | $19.88 | $19.41 |
| Book value per share | $16.77 | $14.70 | $12.72 | $10.20 | $197.27 | $97.68 | $9.14 | $7.56 | $6.67 | $5.87 |
| Tangible book value per share | $13.91 | $11.95 | $10.34 | $7.74 | $193.70 | $96.85 | $8.24 | $6.60 | $6.14 | $5.35 |
| Dividends per share | $0.23 | $0.21 | $0.20 | $0.20 | $0.15 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 |
| Capex per share | $0.08 | $0.24 | $0.27 | $0.10 | $0.07 | $0.13 | $0.14 | $0.06 | $0.04 | $0.07 |
| Debt per share | $6.34 | $3.11 | $11.38 | $5.77 | $5.45 | $3.88 | $6.77 | $10.34 | $8.21 | $6.61 |
| Shares outstanding | 53.5M | 45.6M | 45.4M | 45.2M | 30.7M | 30.2M | 30.4M | 30.3M | 30.0M | 29.8M |
| Change in shares outstanding | +17.2% | +0.5% | +0.4% | +47.1% | +1.9% | −0.8% | +0.4% | +0.9% | +0.7% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.2% | 13.7% | 17.7% | 2.1% | 0.4% | 1.7% | 15.6% | 15.8% | 8.1% | 9.5% |
| Return on invested capital (ROIC) | 27.9% | — | — | — | 0.7% | 2.5% | — | — | — | — |
| Return on assets (ROA) | 1.3% | 1.5% | 1.6% | 1.1% | 0.4% | 1.0% | 1.5% | 1.3% | 0.7% | 0.7% |
| Return on tangible assets | 1.2% | 1.5% | 1.6% | 1.2% | 0.3% | 0.9% | 1.5% | 1.3% | 0.6% | 0.7% |
| Free cash flow margin | 29.7% | 35.9% | 32.4% | 36.4% | 20.4% | 15.8% | 32.3% | 38.7% | 30.9% | 25.1% |
| Income quality (OCF / net income) | 1.52 | 1.54 | 1.27 | 1.44 | 1.55 | 0.93 | 1.33 | 1.61 | 2.45 | 1.74 |
| Financial health | ||||||||||
| Total debt | $338.9M | $141.9M | $516.6M | $260.8M | $167.6M | $116.9M | $205.9M | $313.4M | $246.6M | $197.3M |
| Cash & short-term investments | $196.4M | $1.26B | $1.29B | $1.65B | $2.44B | $826.1M | $535.3M | $596.5M | $597.3M | $579.2M |
| Net debt | $142.5M | −$1.12B | −$776.3M | −$1.39B | −$2.28B | −$709.1M | −$329.4M | −$283.1M | −$350.7M | −$381.9M |
| Debt / equity | 0.38 | 0.21 | 0.89 | 0.57 | 0.03 | 0.04 | 0.74 | 1.37 | 1.23 | 1.13 |
| Debt / assets | 0.05 | 0.03 | 0.09 | 0.04 | 0.03 | 0.04 | 0.08 | 0.12 | 0.10 | 0.09 |
| Net debt / EBITDA | 1.17 | −9.16 | −5.88 | −14.16 | −71.91 | −17.42 | −6.00 | −6.06 | −9.55 | −14.24 |
| Current ratio | 0.10 | 0.36 | 0.34 | 0.37 | 136.46 | 41.37 | 0.29 | 0.29 | 0.32 | 0.32 |
| Quick ratio | 0.10 | 0.36 | 0.41 | 0.40 | 176.72 | 55.99 | 0.32 | 0.29 | 0.32 | 0.32 |
| Interest coverage | 1.8 | 2.0 | 3.1 | 8.9 | 3.3 | 3.0 | 2.8 | 2.6 | 2.7 | 2.5 |
| Working capital | −$1.78B | −$3.07B | −$3.31B | −$3.30B | $2.58B | $944.3M | −$1.57B | −$1.64B | −$1.40B | −$1.33B |
| Invested capital | $1.04B | −$448.1M | −$199.1M | −$932.6M | $3.79B | $2.24B | −$51.5M | −$54.0M | −$150.3M | −$206.7M |
| Tangible asset value | $743.9M | $545.4M | $469.2M | $349.8M | $5.95B | $2.92B | $250.7M | $199.9M | $184.5M | $159.7M |
| Net current asset value | −$5.81B | −$3.23B | −$3.46B | −$3.50B | $2.45B | $874.1M | −$1.70B | −$1.77B | −$1.52B | −$1.44B |
| Graham number | $23.80 | $24.86 | $24.05 | $18.50 | $53.80 | $45.02 | $16.33 | $13.81 | $8.70 | $8.33 |
| Graham net-net per share | −$108.63 | −$73.40 | −$82.08 | −$80.51 | $66.07 | $22.13 | −$58.04 | −$58.98 | −$50.95 | −$48.57 |
| Capital allocation | ||||||||||
| Dividends paid | $12.2M | $9.4M | $8.9M | $8.9M | $4.6M | $1.2M | $1.2M | $1.2M | $1.2M | $888,000 |
| Share buybacks (net) | $7.4M | $1.0M | $605,000 | $455,000 | $10.4M | $5.9M | $666,000 | $505,000 | $236,000 | $254,000 |
| Dividend payout ratio | 15.2% | 11.0% | 9.8% | 13.2% | 23.0% | 4.3% | 3.0% | 3.5% | 7.8% | 5.7% |
| Dividends + buybacks / free cash flow | 16.7% | 8.7% | 9.2% | 10.0% | 51.8% | 32.2% | 3.9% | 3.2% | 3.9% | 4.5% |
| Capex / revenue | 1.1% | 3.2% | 3.9% | 1.7% | 1.4% | 2.8% | 2.9% | 1.4% | 0.9% | 2.0% |
| Capex / operating cash flow | 3.7% | 8.2% | 10.6% | 4.5% | 6.5% | 15.1% | 8.3% | 3.5% | 2.8% | 7.3% |
| Capex / depreciation | 0.40 | 1.18 | 1.61 | 0.65 | 0.54 | 1.19 | 1.46 | 0.67 | 0.44 | 0.86 |
| Stock-based compensation / revenue | 1.4% | 1.2% | 1.1% | 1.2% | 1.0% | 1.5% | 1.7% | 1.6% | 1.0% | 0.7% |
| SG&A / revenue | 32.5% | 30.7% | 29.0% | 35.6% | 42.4% | 40.6% | 36.7% | 39.5% | 40.9% | 44.0% |
| Efficiency | ||||||||||
| Days sales outstanding | — | 480.4 | 380.8 | 309.4 | 385.7 | 341.9 | 242.5 | 196.0 | 193.8 | 201.4 |
| Days of inventory on hand | — | — | -1,570.8 | -9,898.8 | -15,856.5 | -3,250.1 | -519.4 | 158.4 | 256.6 | 530.3 |
| Days payables outstanding | 62.4 | — | — | 114,442.1 | 114,324.0 | 37,205.4 | 37,897.0 | 41,172.0 | 47,942.7 | 61,912.6 |
| Cash conversion cycle (days) | — | — | — | -124,031.4 | -129,794.8 | -40,113.6 | -38,173.9 | -40,817.6 | -47,492.3 | -61,180.9 |
| Receivables turnover | — | 0.76 | 0.96 | 1.18 | 0.95 | 1.07 | 1.51 | 1.86 | 1.88 | 1.81 |
| Payables turnover | 5.85 | — | — | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | — | 2.30 | 1.42 | 0.69 |
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.03 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 |
| Average receivables | — | $442.4M | $334.9M | $216.4M | $149.9M | $130.7M | $99.3M | $73.6M | $61.9M | $55.5M |
| Average payables | $14.8M | — | — | $5.29B | $4.00B | $2.33B | $2.12B | $2.02B | $1.89B | $1.81B |
| Average inventory | — | — | −$243.3M | −$457.4M | −$555.0M | −$203.7M | −$29.1M | $7.8M | $10.1M | $15.5M |
| Intangibles / total assets | 2.2% | 2.2% | 1.9% | 1.9% | 1.8% | 0.8% | 1.0% | 1.1% | 0.7% | 0.7% |
Computed from OSBC's annual financial statements (latest annual report filed February 26, 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.
OSBC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Old Second Bancorp traded at 13.0 times earnings, against a 10-year median of 11.3. Based on the latest twelve months, the trailing P/E is 14.1 and the forward P/E is 8.6. Old Second Bancorp earned a return on equity of 10.2% and a return on invested capital of 27.9% in fiscal 2025. It ended the year with $338.9 million of debt and $196.4 million in cash and short-term investments, net debt of $142.5 million. It returned $19.7 million to shareholders: $12.2 million in dividends and $7.4 million in share buybacks, 17% of free cash flow. The share count rose 79.2% from 29.8M to 53.5M over 9 years.
See the OSBC income statement, the OSBC chart for price history, or the OSBC stock overview for the latest quote and news.
OSBC key metrics FAQ
What is Old Second Bancorp's P/E ratio?
Old Second Bancorp's trailing P/E ratio is 14.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.6. At the end of fiscal 2025 it was 13.0, compared with a 10-year median of 11.3.
What is Old Second Bancorp's EV/EBITDA?
Old Second Bancorp's enterprise value was 9.7 times EBITDA at the end of fiscal 2025 (enterprise value $1.2 billion, EBITDA $122.0 million).
What is Old Second Bancorp's return on equity?
Old Second Bancorp's return on equity (ROE) was 10.2% in fiscal 2025: net income of $80.3 million on average shareholders' equity of $783.9 million.
What is Old Second Bancorp's ROIC?
Old Second Bancorp's return on invested capital was 27.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Old Second Bancorp have?
Old Second Bancorp had total debt of $338.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.38 and $142.5 million of net debt (1.17 times EBITDA).
What is Old Second Bancorp's dividend yield?
Old Second Bancorp's forward dividend yield is 1.13%. Old Second Bancorp paid $12.2 million in dividends in fiscal 2025 ($0.23 per share), a payout ratio of 15.2%.
Does Old Second Bancorp buy back its shares?
Yes. Old Second Bancorp spent $7.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +17.2% over the year, to 53.5M..
What is Old Second Bancorp's free cash flow yield?
Old Second Bancorp generated $117.8 million of free cash flow in fiscal 2025, a free cash flow yield of 11.3% on its market value at year-end ($1.0 billion).
What is Old Second Bancorp's current ratio?
Old Second Bancorp's current ratio was 0.10 at the end of fiscal 2025: current assets were 0.10 times current liabilities.