OceanFirst Financial Corp. (OCFC) 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

-131.8%

-$5.94

vs $18.67 price

Levered DCF

-$0.74

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.55

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	15.34×	10.97×	10.32×	8.74×	12.4×	18.26×	14.43×	14.62×
P/B	0.62×	0.62×	0.62×	0.79×	0.87×	0.75×	1.11×	1.01×
P/S	1.57×	1.53×	1.62×	2.57×	3.39×	2.57×	3.71×	3.43×
EV / EBITDA	23.77×	15.09×	12.59×	12.16×	9.32×	2.17×	15.43×	15.72×
Gross margin	54.5%	54.1%	59.8%	87.3%	93.6%	70.9%	84.2%	87.1%
Operating margin	14.1%	19.0%	21.5%	40.0%	36.6%	18.7%	31.1%	27.8%
Net margin	10.8%	14.5%	16.3%	30.2%	28.3%	14.6%	25.7%	23.4%
Current ratio	0.13×	0.1×	0.09×	0.07×	0.08×	0.16×	0.05×	0.04×
Debt / equity	0.98×	0.74×	0.63×	0.93×	0.23×	0.25×	0.6×	0.59×
Interest coverage	0.33×	0.42×	0.57×	3.61×	3.87×	1.22×	2.03×	2.37×
Dividend yield	4.7%	4.8%	5.0%	3.8%	3.4%	3.8%	2.7%	2.8%
Payout ratio	68.0%	50.8%	49.3%	32.4%	40.4%	67.8%	38.7%	41.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.3%	5.9%	6.3%	9.3%	7.3%	4.3%	7.7%	6.9%
Return on invested capital	2.0%	3.0%	3.4%	4.3%	5.5%	3.1%	4.6%	4.2%
Return on assets	0.5%	0.7%	0.8%	1.1%	0.9%	0.6%	1.1%	1.0%
Free cash flow yield	7.7%	8.0%	11.3%	18.4%	8.9%	10.6%	7.4%	7.7%
Earnings yield	6.9%	9.5%	10.1%	11.7%	8.3%	5.7%	6.9%	6.8%
Enterprise value	$2.5B	$2.2B	$1.9B	$2.6B	$1.5B	$208.1M	$1.8B	$1.5B
Net debt / EBITDA	14.09×	7.82×	5.84×	6.22×	0.92×	-9.48×	4.74×	4.99×
Cash conversion cycle (days)	27	24	30	34	31	30	23	23