Pioneer Bancorp, Inc. (PBFS) 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

+155.5%

$47.14

vs $18.45 price

Levered DCF

$106.27

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.53

Distress zone

Rating

C-

Overall 1 / 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	16.24×	15.83×	17.03×	10.29×	23.9×	279.53×	43.57×	22.69×
P/B	1.02×	0.96×	0.88×	0.84×	1.02×	1.27×	1.02×	1.34×
P/S	2.6×	3.43×	2.65×	2.64×	4.25×	5.05×	3.31×	2.4×
EV / EBITDA	7.01×	72.84×	5.01×	2.52×	-7.85×	-4.25×	8.24×	-5.83×
Gross margin	73.1%	100.0%	75.2%	93.6%	98.4%	89.7%	83.4%	67.0%
Operating margin	20.9%	37.3%	19.7%	32.7%	23.0%	4.5%	8.7%	11.7%
Net margin	16.0%	21.8%	15.5%	25.8%	17.7%	1.8%	7.5%	10.7%
Current ratio	0.11×	0.24×	0.27×	0.38×	0.51×	0.39×	0.18×	0.24×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0.87×	2.32×	0.89×	5.07×	9.11×	1.26×	1.27×	1.8×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.3%	6.1%	5.1%	8.2%	4.2%	0.5%	2.3%	5.9%
Return on invested capital	5.0%	7.4%	4.5%	7.2%	3.7%	0.4%	2.1%	5.6%
Return on assets	0.9%	0.9%	0.8%	1.2%	0.5%	0.1%	0.3%	0.5%
Free cash flow yield	2.7%	10.7%	8.8%	11.5%	20.0%	10.6%	0.1%	2.3%
Earnings yield	6.1%	6.4%	5.8%	9.7%	4.2%	0.4%	2.3%	4.4%
Enterprise value	$199M	$182.5M	$110.2M	$77M	-$126.3M	-$23.5M	$73.4M	-$63.3M
Net debt / EBITDA	-4.61×	-47.64×	-6.89×	-4.85×	-23.17×	-58.87×	-17.47×	-21×
Cash conversion cycle (days)	26	36	28	31	29	25	-227	23