Provident Financial Holdings, Inc. (PROV) 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

-20.2%

$14.50

vs $18.17 price

Levered DCF

$12.39

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.47

Distress zone

Rating

B-

Overall 3 / 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	16.54×	16.67×	11.59×	10.63×	12.06×	17.1×	13.02×	36.42×
P/B	0.87×	0.81×	0.66×	0.7×	0.85×	1.01×	0.81×	1.33×
P/S	1.84×	1.73×	1.45×	1.82×	2.78×	3.24×	2.13×	2.83×
EV / EBITDA	22.56×	21.37×	20.12×	16.68×	9.68×	9.7×	8.75×	21.27×
Gross margin	68.1%	65.9%	66.3%	81.3%	98.3%	90.3%	84.7%	89.9%
Operating margin	16.2%	14.8%	17.7%	24.8%	32.6%	25.6%	23.2%	10.4%
Net margin	11.2%	10.4%	12.5%	17.2%	23.1%	19.0%	16.4%	7.8%
Current ratio	0.48×	0.06×	0.06×	0.08×	0.05×	0.1×	0.15×	0.11×
Debt / equity	1.24×	1.66×	1.84×	1.81×	0.66×	0.79×	1.14×	0.84×
Interest coverage	0.49×	0.42×	0.52×	1.38×	4.1×	2.23×	1.8×	0.95×
Dividend yield	3.3%	3.6%	4.6%	4.4%	3.8%	3.2%	4.2%	2.6%
Payout ratio	54.0%	60.2%	52.9%	46.5%	45.6%	55.2%	54.4%	95.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.3%	4.9%	5.7%	6.6%	7.1%	5.9%	6.2%	3.7%
Return on invested capital	0.6%	1.8%	1.9%	2.4%	4.3%	3.3%	2.9%	2.0%
Return on assets	0.6%	0.5%	0.6%	0.6%	0.8%	0.6%	0.7%	0.4%
Free cash flow yield	7.8%	7.8%	4.8%	17.1%	10.6%	8.8%	7.7%	66.3%
Earnings yield	6.1%	6.0%	8.6%	9.4%	8.3%	5.9%	7.7%	2.7%
Enterprise value	$217.3M	$264.1M	$272.5M	$260.2M	$171.4M	$159.6M	$125.1M	$191.4M
Net debt / EBITDA	11.19×	12.94×	13.82×	10.84×	3.48×	1.87×	1.75×	3.39×
Cash conversion cycle (days)	26	26	27	-661	-9,672	-1,617	-933	-1,368