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GERMAN AMERICAN BANCORP, INC. GABC

Nasdaq · stock · State Commercial Banks · website · IPO 1993-05-18

GERMAN AMERICAN BANCORP, INC. statistics & valuation

Market cap$1.8B
P / E15.9×
P / S3.7×
P / B1.5×
P / FCF11.6×
Dividend yield2.42%
Net margin23.1%
Return on equity9.7%
FCF margin31.6%
Net debt$100.0M
Enterprise value USD$1.9B
Graham number -9.2%$46.20

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 ($46.20); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
29.40% 27.10% 23.70% 23.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.70% 11.20% 10.10% 10.30% 10.00% 12.60% 14.70% 12.90% 11.70% 9.70% 2016201720182019202020212022202320242025
Shares outstanding
22.9M 22.9M 25.0M 26.7M 26.5M 26.6M 29.5M 29.6M 29.7M 37.5M 2016201720182019202020212022202320242025
Net debt ($)
$120.6M $141.7M $126.6M $181.9M $141.6M $83.9M $64.5M $89.5M $114.6M $100.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.20% 1.30% 1.20% 1.30% 1.20% 1.50% 1.30% 1.40% 1.30% 1.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
36.70% 32.00% 25.60% 31.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.37× 0.39× 0.28× 0.32× 0.23× 0.13× 0.12× 0.13× 0.16× 0.09× 2016201720182019202020212022202320242025
EPS ($)
$1.57 $1.77 $1.99 $2.29 $2.34 $3.17 $2.78 $2.91 $2.83 $3.06 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

GERMAN AMERICAN BANCORP, INC. trades at about 16.6× earnings — above its 10-year norm (10-year range 11.4×–20.4×, median 14.6×).

11.4× 20.4×

Shaded band = 10-year range (11.4×–20.4×); dot = today's 16.6×.

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 margin23.1%23.7%27.1%29.4%——————
FCF margin31.6%25.6%32.0%36.7%——————
Return on assets1.3%1.3%1.4%1.3%1.5%1.2%1.3%1.2%1.3%1.2%
Return on equity9.7%11.7%12.9%14.7%12.6%10.0%10.3%10.1%11.2%10.7%
Debt / equity0.09×0.16×0.13×0.12×0.13×0.23×0.32×0.28×0.39×0.37×

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