NB Bancorp, Inc. Common Stock (NBBK) 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

+554.3%

$147.34

vs $22.52 price

Levered DCF

$57.58

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.64

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	14.79×	16.88×	58.48×	19.67×	27×
P/B	0.94×	0.93×	0.75×	1.71×	1.8×
P/S	2.55×	2.34×	2.38×	4.56×	5.95×
EV / EBITDA	9.11×	10.08×	51.67×	19.3×	4.41×
Gross margin	54.9%	52.8%	56.1%	82.7%	85.1%
Operating margin	22.4%	19.3%	5.0%	28.2%	28.0%
Net margin	15.9%	13.9%	4.1%	23.3%	21.8%
Current ratio	306.98×	0.08×	0.09×	0.15×	0.29×
Debt / equity	0.23×	0.16×	0.37×	0.85×	0×
Interest coverage	0.51×	0.45×	0.13×	2.34×	2.19×
Dividend yield	0.7%	0.0%	0.0%	0.0%	0.0%
Payout ratio	11.1%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	5.9%	5.5%	1.3%	8.7%	6.6%
Return on invested capital	0.7%	4.3%	0.9%	4.6%	6.5%
Return on assets	0.7%	0.8%	0.2%	0.8%	0.7%
Free cash flow yield	7.1%	5.8%	8.9%	5.3%	7.1%
Earnings yield	6.2%	5.9%	1.7%	5.1%	3.7%
Enterprise value	$680.6M	$621.1M	$758M	$750.1M	$131.1M
Net debt / EBITDA	-1.73×	-1.47×	13.15×	4.17×	-15.37×
Cash conversion cycle (days)	6,917	24	27	42	28