National Bankshares (NKSH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

National Bankshares

NasdaqCM•Financial Services•Banks - Regional

$42.07+0.23(0.01%)Market closed

Market Cap

$270.08M

P/E

13.3x

P/S

4.5x

P/B

1.4x

National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. Its loan products include commercial non-real estate loans, including commercial and agricultural loans; commercial and consumer real estate loans; residential real estate loans; home equity loans; various consumer loans, such as credit cards, automobile, and other consumer loans; and public sector and IDA loans, as well as loans for the construction of commercial and residential properties. The company also provides business and consumer debit and credit cards; letters of credit, night depository, safe deposit boxes, utility payment services, and automatic funds transfer; wealth management, trust, and estate services; non-deposit investment and insurance products; and telephone, mobile, and Internet banking services, as well as operates automated teller machines. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.

How this company scores

WeakMetricSide Score: 75/100

Grade capped at D — Interest coverage below 1× (0.5x) — earnings cannot cover interest. Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability20/25

Growth24/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Grade capped at D

Interest coverage below 1× (0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.3x5y range 6.8x – 24.0x

Currently near its 20-quarter median.

P/S · 4.5x5y range 2.9x – 4.5x

Currently above its 20-quarter median.

P/B · 1.4x5y range 0.9x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $270.08M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $60.48M
Q. Revenue: $15.70M
TTM EBITDA: $15.39M
TTM Op. Income: $14.24M
Q. Op. Income: $3.43M
TTM Net Income: $20.31M
Q. Net Income: $5.03M
EPS: $0.79
Shares Out.: $6.36M

$60.48M in TTM revenue grew 20.8% YoY, reaching $15.70M last quarter. TTM EBITDA of $15.39M and TTM operating income of $14.24M show growth is flowing through to the bottom line. TTM net income of $20.31M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 59.2%
EBITDA Margin: 22.4%
Op. Margin: 21.9%
Net Margin: 32.0%

Op. margin of 21.9% is up 19.1% YoY — cost efficiency is improving. Net margin at 32.0% and gross margin of 59.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.3x
P/S Ratio: 4.5x
P/B Ratio: 1.4x

At 13.3x P/E, the stock trades below typical market levels. P/S of 4.5x and P/B of 1.4x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 13% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.83B
Cash: $54.56M
Long-Term Debt: N/A
Book Value: $192.23M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $3.51M
TTM Free Cash Flow: $18.42M
FCF Margin: 30.5%
FCF / Net Income: 0.9

TTM FCF of $18.42M on $3.51M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.