Peapack-Gladstone Financial Corporation (PGC) 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

-43.5%

$26.46

vs $46.84 price

Levered DCF

$37.86

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.74

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	13.14×	17.14×	10.88×	9.1×	11.76×	16.37×	12.56×	10.81×
P/B	0.74×	0.93×	0.91×	1.27×	1.22×	0.82×	1.18×	1.02×
P/S	1.11×	1.41×	1.42×	2.46×	2.91×	1.89×	2.53×	2.34×
EV / EBITDA	9.01×	7.13×	12.42×	9.47×	8.09×	-0.27×	10.3×	8.32×
Gross margin	58.1%	53.8%	56.7%	84.7%	87.6%	67.0%	72.6%	76.4%
Operating margin	11.9%	11.2%	18.0%	37.3%	33.9%	14.1%	28.1%	28.3%
Net margin	8.5%	8.2%	13.1%	27.0%	24.7%	11.5%	20.2%	21.7%
Current ratio	0.07×	0.08×	0.13×	0.14×	0.18×	0.26×	0.14×	0.14×
Debt / equity	0.33×	0.29×	0.95×	1×	0.27×	0.4×	0.67×	0.43×
Interest coverage	0.32×	0.25×	0.45×	2.86×	3.53×	0.84×	1.09×	1.3×
Dividend yield	0.7%	0.6%	0.7%	0.5%	0.6%	0.9%	0.6%	0.8%
Payout ratio	9.4%	10.7%	7.3%	4.9%	6.7%	14.4%	8.1%	8.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.7%	5.4%	8.4%	13.9%	10.4%	5.0%	9.4%	9.4%
Return on invested capital	4.0%	4.2%	4.3%	6.9%	7.7%	2.8%	5.5%	6.5%
Return on assets	0.5%	0.5%	0.8%	1.2%	0.9%	0.4%	0.9%	1.0%
Free cash flow yield	5.8%	11.1%	12.5%	17.1%	10.8%	7.8%	14.2%	13.2%
Earnings yield	7.6%	5.8%	9.2%	11.0%	8.5%	6.1%	8.0%	9.2%
Enterprise value	$517.9M	$353.3M	$898M	$1B	$667M	-$9.8M	$723.9M	$516.4M
Net debt / EBITDA	0.5×	-4.29×	5.06×	3.17×	0.02×	-12.08×	1.83×	0.63×
Cash conversion cycle (days)	26	-9	30	33	34	36	-29	19