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Waterstone Financial, Inc. WSBF

Nasdaq · stock · Savings Institution, Federally Chartered · website · IPO 2005-10-05 · LEI

Waterstone Financial, Inc. statistics & valuation

Market cap$346.6M
P / E13.1×
P / B1.0×
P / FCF15.1×
Dividend yield3.11%
Return on equity7.6%
Net debt$412.3M
Enterprise value USD$758.9M
Graham number +19.9%$25.17

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 ($25.17); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
6.20% 6.30% 7.70% 9.10% 19.60% 16.40% 5.30% 2.70% 5.50% 7.60% 2016201720182019202020212022202320242025
Shares outstanding
29.4M 29.5M 28.5M 27.1M 25.1M 24.8M 22.2M 20.3M 19.3M 18.4M 2016201720182019202020212022202320242025
Net debt ($)
$339.9M $337.7M $348.9M $483.6M $508.1M $477.1M $386.8M $611.1M $446.5M $412.3M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.40% 1.40% 1.60% 1.80% 3.70% 3.20% 1.00% 0.40% 0.80% 1.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.94× 0.94× 1.09× 1.23× 1.23× 1.10× 1.04× 1.78× 1.32× 1.18× 2016201720182019202020212022202320242025
EPS ($)
$0.93 $0.93 $1.11 $1.37 $3.30 $2.96 $0.89 $0.46 $1.01 $1.48 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

Waterstone Financial, Inc. trades at about 14.2× earnings — near its 10-year norm (10-year range 5.6×–28.9×, median 14.1×).

5.6× 28.9×

Shaded band = 10-year range (5.6×–28.9×); dot = today's 14.2×.

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
Return on assets1.2%0.8%0.4%1.0%3.2%3.7%1.8%1.6%1.4%1.4%
Return on equity7.6%5.5%2.7%5.3%16.4%19.6%9.1%7.7%6.3%6.2%
Debt / equity1.18×1.32×1.78×1.04×1.10×1.23×1.23×1.09×0.94×0.94×

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