Greene County Bancorp, Inc. (GCBC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-41.3%

$21.50

vs $36.59 price

Levered DCF

$20.52

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.32

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.94×	12.14×	22.32×	16.46×	13.73×	9.97×	10.14×	14.27×
P/B	2.06×	1.58×	2.67×	2.77×	2.45×	1.6×	1.48×	2.21×
P/S	3.92×	2.85×	4.69×	5.24×	5.1×	3.52×	3.07×	4.55×
EV / EBITDA	14.9×	9.01×	20.07×	9.7×	14.39×	3.79×	7.62×	10.98×
Gross margin	62.1%	55.7%	54.5%	76.9%	88.5%	86.5%	80.0%	85.4%
Operating margin	32.1%	26.1%	22.8%	37.0%	43.5%	40.6%	35.1%	38.5%
Net margin	28.1%	23.4%	21.1%	31.8%	37.0%	35.2%	30.2%	32.0%
Current ratio	0.25×	0.19×	0.22×	0.21×	0.21×	0.28×	0.18×	0.14×
Debt / equity	0.56×	0.54×	0.97×	0.27×	1.1×	0.15×	0.2×	0.19×
Interest coverage	0.88×	0.6×	0.51×	1.53×	6.05×	5.33×	2.57×	3.33×
Dividend yield	0.7%	1.2%	0.6%	0.4%	0.7%	1.0%	1.2%	0.8%
Payout ratio	9.9%	14.4%	13.1%	7.1%	9.4%	10.1%	12.0%	11.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.8%	13.0%	12.0%	16.8%	17.7%	16.0%	14.5%	15.6%
Return on invested capital	1.3%	7.8%	5.7%	15.1%	8.5%	13.9%	12.1%	13.1%
Return on assets	1.3%	1.0%	0.9%	1.1%	1.1%	1.1%	1.1%	1.4%
Free cash flow yield	7.3%	7.2%	4.2%	5.2%	8.9%	11.1%	13.5%	8.5%
Earnings yield	7.2%	8.2%	4.5%	6.1%	7.3%	10.0%	9.8%	7.0%
Enterprise value	$714.7M	$321.9M	$556.9M	$355.9M	$485.6M	$107.7M	$171.2M	$237.8M
Net debt / EBITDA	2.98×	-1.58×	0.21×	-4.13×	2.96×	-4.64×	-0.85×	-0.5×
Cash conversion cycle (days)	43	45	44	-417	-1,147	42	48	39