Peoples Bancorp Inc. (PEBO) 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

-74.2%

$10.18

vs $39.50 price

Levered DCF

$161.20

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

-0.48

Distress zone

Rating

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	9.91×	9.49×	9.76×	7.83×	14.66×	15.57×	12.98×	12.34×
P/B	0.87×	0.99×	1.04×	1×	0.82×	0.93×	1.17×	1.1×
P/S	1.7×	1.79×	2.1×	2.32×	2.84×	2.5×	3.06×	2.83×
EV / EBITDA	10.69×	8.6×	9.44×	8.47×	6.67×	8.29×	11.8×	13.12×
Gross margin	67.5%	68.0%	78.0%	96.3%	94.7%	79.2%	86.1%	86.6%
Operating margin	21.8%	24.3%	27.8%	37.9%	23.3%	20.0%	28.7%	27.2%
Net margin	17.3%	19.0%	21.7%	29.8%	19.5%	16.3%	23.6%	22.9%
Current ratio	0.84×	0.22×	0.25×	0.26×	0.3×	0.22×	0.29×	0.26×
Debt / equity	0.61×	0.39×	0.7×	0.77×	0.31×	0.32×	0.67×	0.89×
Interest coverage	0.85×	0.87×	1.45×	7.98×	4.66×	2.35×	2.23×	2.54×
Dividend yield	5.5%	5.1%	4.7%	5.4%	4.5%	5.1%	3.7%	3.7%
Payout ratio	54.4%	47.6%	45.7%	41.8%	65.2%	77.8%	48.3%	45.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.8%	10.5%	10.8%	12.9%	5.6%	6.0%	9.0%	8.9%
Return on invested capital	5.2%	7.1%	5.5%	7.3%	4.3%	4.6%	5.4%	4.7%
Return on assets	1.1%	1.3%	1.2%	1.4%	0.7%	0.7%	1.2%	1.2%
Free cash flow yield	12.3%	12.4%	11.9%	14.3%	21.6%	15.2%	9.2%	12.4%
Earnings yield	10.2%	10.6%	10.3%	12.8%	6.9%	6.5%	7.7%	8.1%
Enterprise value	$1.6B	$1.3B	$1.4B	$1.2B	$544.2M	$566M	$982.3M	$959.9M
Net debt / EBITDA	3.65×	1.4×	2.06×	3.06×	-1.84×	0.46×	3.42×	5.31×
Cash conversion cycle (days)	-9,860	233	282	362	183	0	0	0