S&T Bancorp, Inc. (STBA) 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

+7.6%

$55.99

vs $52.03 price

Levered DCF

$80.08

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

-0.6

Distress zone

Rating

A-

Overall 4 / 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	11.28×	11.14×	8.84×	9.85×	11.22×	46×	16.25×	12.49×
P/B	1.03×	1.06×	1×	1.12×	1.02×	0.84×	1.34×	1.41×
P/S	2.66×	2.59×	2.39×	3.34×	3.48×	2.55×	4.27×	3.9×
EV / EBITDA	9.5×	8.35×	8.31×	8.78×	3.19×	29.26×	14.04×	13.53×
Gross margin	69.4%	67.9%	72.7%	91.6%	91.7%	54.6%	76.3%	79.1%
Operating margin	29.5%	29.2%	33.4%	42.3%	38.3%	5.5%	31.5%	36.5%
Net margin	23.6%	23.2%	27.0%	34.0%	31.2%	5.5%	26.3%	31.2%
Current ratio	6.98×	0.16×	0.15×	0.16×	0.23×	0.13×	0.13×	0.03×
Debt / equity	0.21×	0.18×	0.39×	0.37×	0.13×	0.2×	0.35×	0.65×
Interest coverage	1.01×	0.91×	1.39×	6.77×	10.32×	0.51×	1.59×	2.22×
Dividend yield	3.5%	3.5%	3.9%	3.5%	3.6%	4.5%	2.3%	2.6%
Payout ratio	39.4%	38.8%	34.3%	34.6%	40.2%	208.9%	38.0%	32.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.2%	9.5%	11.3%	11.4%	9.1%	1.8%	8.2%	11.3%
Return on invested capital	8.3%	7.0%	7.1%	7.2%	7.4%	1.4%	5.7%	6.7%
Return on assets	1.4%	1.4%	1.5%	1.5%	1.2%	0.2%	1.1%	1.5%
Free cash flow yield	8.5%	11.7%	13.0%	17.8%	17.2%	4.8%	8.4%	9.4%
Earnings yield	8.9%	9.0%	11.3%	10.2%	9.0%	2.2%	6.2%	8.0%
Enterprise value	$1.7B	$1.5B	$1.5B	$1.6B	$470M	$968.8M	$1.8B	$1.8B
Net debt / EBITDA	0.84×	0.03×	1.45×	1.29×	-5.17×	-0.05×	1.69×	3.44×
Cash conversion cycle (days)	0	0	0	0	0	0	0	0