PCB Bancorp (PCB) 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

-28.1%

$21.53

vs $29.94 price

Levered DCF

$17.91

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.35

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	FY2020	FY2019	FY2018
P/E	8.26×	11.57×	8.61×	7.5×	8.26×	9.63×	11.37×	9.26×
P/B	0.79×	0.79×	0.76×	0.78×	1.29×	0.67×	1.21×	1.07×
P/S	1.47×	1.5×	1.63×	2.26×	3.3×	1.7×	2.62×	2.39×
EV / EBITDA	6.24×	3.05×	1.7×	2.67×	2.39×	1.89×	4.13×	2.4×
Gross margin	53.3%	50.2%	61.4%	86.5%	100.3%	70.7%	73.1%	79.6%
Operating margin	25.1%	18.9%	26.7%	42.5%	57.0%	25.1%	32.8%	36.9%
Net margin	17.9%	13.4%	19.0%	30.1%	40.1%	17.7%	23.0%	25.8%
Current ratio	0.16×	0.14×	0.17×	0.14×	0.18×	0.2×	0.17×	0.22×
Debt / equity	0.18×	0.09×	0.17×	0.08×	0.07×	0.38×	0.13×	0.14×
Interest coverage	0.56×	0.39×	0.69×	4.08×	13.14×	1.7×	1.44×	1.94×
Dividend yield	3.8%	3.8%	3.8%	3.4%	2.0%	4.0%	1.4%	0.8%
Payout ratio	31.5%	42.8%	32.3%	25.6%	16.6%	38.0%	16.4%	7.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.6%	7.1%	8.8%	10.4%	15.6%	6.9%	10.6%	11.6%
Return on invested capital	-3.8%	5.8%	7.5%	9.7%	14.7%	5.0%	9.4%	10.1%
Return on assets	1.1%	0.8%	1.1%	1.4%	1.9%	0.8%	1.4%	1.4%
Free cash flow yield	7.9%	12.1%	23.5%	19.8%	-0.6%	9.8%	10.7%	13.1%
Earnings yield	12.2%	9.0%	11.6%	13.3%	12.2%	10.4%	8.8%	10.8%
Enterprise value	$354.2M	$123.1M	$80.4M	$142M	$144M	$49.9M	$158M	$93M
Net debt / EBITDA	0.82×	-4.1×	-3.87×	-2.26×	-3.08×	-3.99×	-3.04×	-3.41×
Cash conversion cycle (days)	19	20	-148	-251	12,425	-41	-114	-202