Shore Bancshares, Inc. (SHBI) Key Metrics
SHBI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $752.5M
- Enterprise value
- $594.1M
- P/E (TTM)
- 11.4 10-yr median 12.8
- Forward P/E
- 10.1
- PEG ratio
- 1.17
- Price / sales
- 3.3 10-yr median 2.7
- Price / book
- 1.2 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 1.4
- Dividend yield
- 2.48% $0.56 a year
- Beta
- 0.82
SHBI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSHBI valuation Price multiples at each fiscal year-end price.
SHBI returns How much profit the business earns on the capital it uses.
SHBI per-share figures Results divided by the shares outstanding at year-end.
SHBI financial health Debt, liquidity and how easily interest is covered.
SHBI efficiency & capital use Working capital cycle and where the cash goes.
SHBI valuation history
SHBI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SHBI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SHBI cash returned to shareholders
SHBI price vs earnings per share
SHBI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $590.6M | $528.4M | $378.7M | $345.9M | $273.5M | $180.8M | $221.0M | $185.4M | $212.4M | $193.2M |
| Enterprise value | $651.6M | $54.9M | −$19.1M | $299.8M | −$358.5M | −$115.4M | $25.5M | $39.6M | $5.3M | −$43.4M |
| P/E ratio | 9.9 | 12.0 | 33.7 | 11.1 | 17.8 | 11.5 | 13.6 | 7.4 | 18.9 | 20.0 |
| Price / sales | 1.7 | 1.6 | 1.6 | 2.5 | 3.3 | 2.6 | 3.2 | 2.9 | 3.8 | 3.4 |
| Price / book | 1.0 | 1.0 | 0.7 | 0.9 | 0.8 | 0.9 | 1.1 | 1.0 | 1.3 | 1.3 |
| Price / free cash flow | 10.0 | 12.7 | 22.6 | 6.9 | — | 11.3 | 19.2 | 10.8 | 11.6 | 10.6 |
| Price / operating cash flow | 9.5 | 11.3 | 16.7 | 6.6 | — | 9.8 | 16.1 | 10.1 | 10.9 | 10.2 |
| EV / sales | 1.9 | 0.2 | -0.1 | 2.2 | -4.3 | -1.6 | 0.4 | 0.6 | 0.1 | -0.8 |
| EV / EBITDA | 6.9 | 0.7 | — | 6.2 | — | — | 1.0 | 1.7 | 0.3 | — |
| EV / free cash flow | 11.0 | 1.3 | — | 6.0 | — | — | 2.2 | 2.3 | 0.3 | — |
| Earnings yield | 10.1% | 8.3% | 3.0% | 9.0% | 5.6% | 8.7% | 7.3% | 13.5% | 5.3% | 5.0% |
| Free cash flow yield | 10.0% | 7.9% | 4.4% | 14.5% | −4.0% | 8.9% | 5.2% | 9.3% | 8.6% | 9.5% |
| Dividend yield | 2.7% | 3.0% | 3.4% | 2.8% | 2.4% | 3.3% | 2.4% | 2.2% | 1.3% | 0.9% |
| Shareholder yield (dividends + buybacks) | 2.7% | 3.0% | 3.4% | 2.8% | 2.7% | 8.4% | 4.5% | 2.3% | 1.3% | 0.9% |
| Share price at fiscal year-end | $17.68 | $15.85 | $14.25 | $17.43 | $20.85 | $14.60 | $17.36 | $14.54 | $16.70 | $15.25 |
| Per share | ||||||||||
| Revenue per share | $10.26 | $9.79 | $8.97 | $6.90 | $6.38 | $5.69 | $5.48 | $5.05 | $4.37 | $4.48 |
| Earnings per share | $1.78 | $1.32 | $0.42 | $1.57 | $1.17 | $1.27 | $1.27 | $1.96 | $0.89 | $0.76 |
| Operating cash flow per share | $1.87 | $1.41 | $0.85 | $2.65 | −$0.57 | $1.49 | $1.08 | $1.43 | $1.53 | $1.50 |
| Free cash flow per share | $1.77 | $1.25 | $0.63 | $2.53 | −$0.83 | $1.30 | $0.90 | $1.35 | $1.44 | $1.44 |
| Cash per share | $1.50 | $18.27 | $18.17 | $7.01 | $53.40 | $26.37 | $17.11 | $17.38 | $17.99 | $18.93 |
| Book value per share | $17.66 | $16.23 | $19.23 | $18.35 | $26.73 | $15.75 | $15.15 | $14.36 | $12.87 | $12.18 |
| Tangible book value per share | $14.87 | $13.01 | $14.82 | $14.62 | $21.01 | $14.20 | $13.59 | $12.77 | $11.20 | $11.15 |
| Dividends per share | $0.48 | $0.48 | $0.48 | $0.48 | $0.50 | $0.48 | $0.42 | $0.32 | $0.22 | $0.14 |
| Capex per share | $0.09 | $0.16 | $0.22 | $0.12 | $0.26 | $0.19 | $0.18 | $0.09 | $0.10 | $0.06 |
| Debt per share | $3.33 | $4.07 | $3.20 | $4.68 | $5.23 | $2.45 | $1.75 | $5.94 | $1.71 | $0.25 |
| Shares outstanding | 33.4M | 33.3M | 26.6M | 19.8M | 13.1M | 12.4M | 12.7M | 12.8M | 12.7M | 12.7M |
| Change in shares outstanding | +0.2% | +25.5% | +33.9% | +51.3% | +6.0% | −2.7% | −0.2% | +0.3% | +0.4% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.5% | 8.3% | 2.6% | 8.7% | 5.6% | 8.1% | 8.6% | 14.4% | 7.1% | 6.4% |
| Return on invested capital (ROIC) | 16.6% | 48.5% | 5.2% | 169.1% | — | — | — | — | — | — |
| Return on assets (ROA) | 1.0% | 0.7% | 0.2% | 0.9% | 0.6% | 0.9% | 1.1% | 1.7% | 0.9% | 0.8% |
| Return on tangible assets | 1.0% | 0.7% | 0.2% | 0.9% | 0.5% | 0.8% | 1.1% | 1.7% | 0.8% | 0.8% |
| Free cash flow margin | 17.3% | 12.8% | 7.0% | 36.7% | −13.1% | 22.8% | 16.5% | 26.6% | 32.8% | 32.2% |
| Income quality (OCF / net income) | 1.05 | 1.07 | 2.02 | 1.69 | −0.49 | 1.17 | 0.85 | 0.73 | 1.73 | 1.97 |
| Financial health | ||||||||||
| Total debt | $111.1M | $135.6M | $85.2M | $93.0M | $68.6M | $30.4M | $22.2M | $75.8M | $21.7M | $3.2M |
| Cash & short-term investments | $50.2M | $609.1M | $482.9M | $139.1M | $700.6M | $326.5M | $217.8M | $221.7M | $228.8M | $239.8M |
| Net debt | $61.0M | −$473.5M | −$397.8M | −$46.1M | −$632.0M | −$296.1M | −$195.5M | −$145.8M | −$207.0M | −$236.6M |
| Debt / equity | 0.19 | 0.25 | 0.17 | 0.26 | 0.20 | 0.16 | 0.12 | 0.41 | 0.13 | 0.02 |
| Debt / assets | 0.02 | 0.02 | 0.01 | 0.03 | 0.02 | 0.02 | 0.01 | 0.05 | 0.02 | 0.00 |
| Net debt / EBITDA | 0.65 | −6.33 | −15.83 | −0.96 | −26.04 | −12.59 | −8.05 | −6.22 | −10.56 | −12.90 |
| Current ratio | 6.23 | 0.11 | 0.09 | 0.05 | 0.23 | 0.20 | 0.17 | 0.18 | 0.19 | 0.24 |
| Quick ratio | 6.23 | 0.11 | 0.09 | −0.74 | 0.43 | 0.31 | 0.24 | 0.23 | 0.39 | 0.55 |
| Interest coverage | 0.7 | 0.5 | 0.2 | 3.4 | 3.5 | 3.0 | 2.3 | 4.0 | 7.9 | 6.6 |
| Working capital | $57.7M | −$4.90B | −$4.88B | −$2.90B | −$2.33B | −$1.37B | −$1.12B | −$1.05B | −$994.2M | −$760.5M |
| Invested capital | $650.8M | $67.6M | $113.4M | $318.2M | −$281.3M | −$101.1M | −$2.7M | $37.3M | −$43.3M | −$82.3M |
| Tangible asset value | $496.9M | $433.6M | $393.9M | $290.2M | $275.6M | $175.8M | $173.0M | $162.8M | $142.5M | $141.3M |
| Net current asset value | −$5.60B | −$5.06B | −$5.00B | −$2.96B | −$2.40B | −$1.40B | −$1.14B | −$1.07B | −$996.6M | −$762.3M |
| Graham number | $26.60 | $21.93 | $13.52 | $25.47 | $26.54 | $21.22 | $20.82 | $25.17 | $16.02 | $14.44 |
| Graham net-net per share | −$167.77 | −$151.95 | −$187.42 | −$89.14 | −$205.85 | −$121.50 | −$93.94 | −$87.21 | −$88.32 | −$72.61 |
| Capital allocation | ||||||||||
| Dividends paid | $16.1M | $16.0M | $12.7M | $9.5M | $6.6M | $6.0M | $5.3M | $4.1M | $2.8M | $1.8M |
| Share buybacks (net) | — | — | — | $0 | $819,000 | $9.2M | $4.5M | $269,000 | $0 | $0 |
| Dividend payout ratio | 27.0% | 36.5% | 113.4% | 30.6% | 43.0% | 37.8% | 33.0% | 16.3% | 24.8% | 18.4% |
| Dividends + buybacks / free cash flow | 27.2% | 38.4% | 76.0% | 19.0% | — | 94.1% | 86.0% | 25.3% | 15.3% | 9.7% |
| Capex / revenue | 0.9% | 1.6% | 2.5% | 1.8% | 4.1% | 3.4% | 3.2% | 1.8% | 2.3% | 1.2% |
| Capex / operating cash flow | 5.1% | 11.1% | 26.2% | 4.6% | — | 12.9% | 16.3% | 6.2% | 6.4% | 3.7% |
| Capex / depreciation | 0.21 | 0.33 | 0.54 | 0.41 | 1.12 | 0.96 | 0.94 | 0.49 | 0.76 | 0.29 |
| Stock-based compensation / revenue | 0.6% | 0.5% | 0.5% | 0.5% | 0.5% | 0.4% | 0.2% | 0.7% | 1.9% | 0.6% |
| SG&A / revenue | 25.1% | 22.2% | 25.9% | 35.8% | 37.9% | 33.8% | 33.3% | 36.7% | 38.2% | 43.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 20.3 | 21.7 | 21.9 | 22.3 | 30.8 | 27.0 | 18.2 | 19.4 | 20.3 | 16.5 |
| Days of inventory on hand | — | — | 4,057.0 | 22,716.4 | -25,362.6 | -4,903.1 | -3,049.2 | -8,460.6 | -22,420.9 | -13,192.8 |
| Days payables outstanding | — | — | — | 60.3 | 165.0 | 33.7 | 16.5 | 17.6 | 5.6 | 7.7 |
| Cash conversion cycle (days) | — | — | — | 22,678.4 | -25,496.8 | -4,909.9 | -3,047.4 | -8,458.7 | -22,406.2 | -13,184.1 |
| Receivables turnover | 17.98 | 16.83 | 16.67 | 16.38 | 11.86 | 13.54 | 20.01 | 18.79 | 17.99 | 22.11 |
| Payables turnover | — | — | — | 6.05 | 2.21 | 10.83 | 22.13 | 20.77 | 65.67 | 47.23 |
| Inventory turnover | — | — | 0.09 | 0.02 | — | — | — | — | — | — |
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.05 |
| Average receivables | $19.1M | $19.4M | $14.3M | $8.4M | $7.1M | $5.2M | $3.5M | $3.4M | $3.1M | $2.6M |
| Average payables | — | — | — | $2.4M | $2.6M | $1.0M | $467,000 | $334,500 | $69,500 | $90,000 |
| Average inventory | — | — | $1.22B | $900.4M | −$394.8M | −$147.5M | −$86.3M | −$161.0M | −$280.4M | −$153.7M |
| Intangibles / total assets | 1.5% | 1.7% | 2.0% | 2.1% | 2.2% | 1.0% | 1.3% | 1.4% | 1.5% | 1.1% |
Computed from SHBI's annual financial statements (latest annual report filed March 2, 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.
SHBI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Shore Bancshares traded at 9.9 times earnings, against a 10-year median of 12.8. Based on the latest twelve months, the trailing P/E is 11.4 and the forward P/E is 10.1. Shore Bancshares earned a return on equity of 10.5% and a return on invested capital of 16.6% in fiscal 2025. It ended the year with $111.1 million of debt and $50.2 million in cash and short-term investments, net debt of $61.0 million. It returned $16.1 million to shareholders: $16.1 million in dividends and $0 in share buybacks, 27% of free cash flow. The share count rose 163.7% from 12.7M to 33.4M over 9 years.
See the SHBI income statement, the SHBI chart for price history, or the SHBI stock overview for the latest quote and news.
SHBI key metrics FAQ
What is Shore Bancshares's P/E ratio?
Shore Bancshares's trailing P/E ratio is 11.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.1. At the end of fiscal 2025 it was 9.9, compared with a 10-year median of 12.8.
What is Shore Bancshares's EV/EBITDA?
Shore Bancshares's enterprise value was 6.9 times EBITDA at the end of fiscal 2025 (enterprise value $651.6 million, EBITDA $94.0 million).
What is Shore Bancshares's return on equity?
Shore Bancshares's return on equity (ROE) was 10.5% in fiscal 2025: net income of $59.5 million on average shareholders' equity of $565.5 million.
What is Shore Bancshares's ROIC?
Shore Bancshares's return on invested capital was 16.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Shore Bancshares have?
Shore Bancshares had total debt of $111.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.19 and $61.0 million of net debt (0.65 times EBITDA).
What is Shore Bancshares's dividend yield?
Shore Bancshares's forward dividend yield is 2.48%. Shore Bancshares paid $16.1 million in dividends in fiscal 2025 ($0.48 per share), a payout ratio of 27.0%.
What is Shore Bancshares's free cash flow yield?
Shore Bancshares generated $59.2 million of free cash flow in fiscal 2025, a free cash flow yield of 10.0% on its market value at year-end ($590.6 million).
What is Shore Bancshares's current ratio?
Shore Bancshares's current ratio was 6.23 at the end of fiscal 2025: current assets were 6.23 times current liabilities.