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Business First Bancshares, Inc. BFST

Nasdaq · stock · State Commercial Banks · website · IPO 2018-04-09 · LEI

Business First Bancshares, Inc. statistics & valuation

P / E11.5×
P / S94.1×
P / B1.1×
P / FCF10.9×
Net margin820.8%
FCF margin859.7%
Graham number +35.7%$43.65

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($43.65); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
251.40% 229.90% 501.50% 589.10% 559.80% 765.20% 655.90% 732.10% 615.60% 820.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
4.50% 2.70% 5.40% 8.30% 7.30% 12.00% 9.30% 11.00% 8.10% 9.80% 2016201720182019202020212022202320242025
Shares outstanding
7.3M 10.2M 13.2M 13.7M 20.6M 20.6M 25.1M 25.4M 29.6M 29.5M 2016201720182019202020212022202320242025
Net debt ($)
-$39.2M -$104.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.50% 0.40% 0.70% 1.00% 0.70% 1.10% 0.90% 1.10% 0.80% 1.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
332.50% 353.90% 653.30% 507.00% 492.10% 770.20% 747.10% 817.40% 565.80% 859.70% 2016201720182019202020212022202320242025
Debt / equity (×)
0.03× 0.02× 2016201720182019202020212022202320242025
EPS ($)
$0.70 $0.61 $1.22 $1.74 $1.64 $2.53 $2.32 $2.59 $2.26 $2.79 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Business First Bancshares, Inc. trades at about 11.5× earnings — near its 10-year norm (10-year range 8.7×–18.9×, median 11.9×).

8.7× 18.9×

Shaded band = 10-year range (8.7×–18.9×); dot = today's 11.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin820.8%615.6%732.1%655.9%765.2%559.8%589.1%501.5%229.9%251.4%
FCF margin859.7%565.8%817.4%747.1%770.2%492.1%507.0%653.3%353.9%332.5%
Return on assets1.1%0.8%1.1%0.9%1.1%0.7%1.0%0.7%0.4%0.5%
Return on equity9.8%8.1%11.0%9.3%12.0%7.3%8.3%5.4%2.7%4.5%
Debt / equity0.02×0.03×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.