# National Bank Holdings Corporation (NBHC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Banks. Price $42.07, market value $1.9 billion.

## Valuation
- **P/E (trailing): 17.7×** (5-yr avg 13.2×, 3-yr avg 11.9×). National Bank Holdings Corporation trades at 17.7× trailing earnings, well above its own five-year average of 13.2×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 38.6×**. Each dollar of revenue is priced at 38.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 5.7%**. The inverse of the P/E: 5.7% of the price is earned each year.

## Profitability
- **Net margin: 232.4%**. 232.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.9%**. 7.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.0%**. Each dollar of assets produces 1.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 2.1%** (3-yr 7.8%/yr, 5-yr 7.8%/yr). Revenue grew 2.1% over the last year, against 7.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -7.5%** (3-yr 9.3%/yr, 5-yr 0.0%/yr). Earnings per share fell 7.5%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: $417 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 3.04%** ($1.27 per share, trailing). National Bank Holdings Corporation yields 3.04%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 42%**. 42% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 14**. 14 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 8.4%/yr** (1-yr 7.1%). The dividend has grown 8.4% a year over five years.

## Price and momentum
- **Total return (1 yr): 9.4%** (YTD 12.4%, 3-mo -0.3%). The shares are up 9.4% over twelve months including dividends.
- **From 52-week high: -11.0%** (20.0% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.62** (volatility 25%). Beta of 0.62 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NBHC · Page: https://foliofundamentals.com/stocks/nbhc

Not investment advice.