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Alerus Financial Valuation Multiples
Discover revenue and EBITDA valuation multiples for Alerus Financial and similar public comparables like Banque de Tunisie, American Business Bank, Northpointe Bank, Hingham Institution and more.
Alerus Financial Overview
About Alerus Financial
Alerus Financial Corp is a financial holding company registered in the United States. The company operates in four segments: Banking, Retirement & Benefit Services, Wealth Management, and Mortgage. It provides various banking services such as checking, debit cards, savings, current deposits, loans and advances, online banking, mobile banking, private banking, payment solutions, and other business products. Additionally, the company provides mortgage loans, retirement planning solutions, individual retirement accounts, retirement plan advisory services as well as wealth management services, including financial & estate planning, trust, and fiduciary services. The company's revenue mainly consists of interest income, commission, management fees, and other income.
Founded
1992
HQ

Employees
892
Website
Sectors
Financials (LTM)
EV
$1B
Alerus Financial Financials
Alerus Financial reported last 12-month revenue of $297M.
In the same LTM period, Alerus Financial generated $30M in net income.
Revenue (LTM)
Alerus Financial P&L
In the most recent fiscal year, Alerus Financial reported revenue of $294M and net income of $17M.
Alerus Financial expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $297M | XXX | $294M | XXX | XXX | XXX |
| EBIT Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $30M | XXX | $17M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $301M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Alerus Financial Stock Performance
Alerus Financial has current market cap of $631M, and enterprise value of $1B.
Market Cap Evolution
Alerus Financial's stock price is $24.84.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $631M | 0.0% | XXX | XXX | XXX | $0.69 |
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Start Free TrialAlerus Financial Valuation Multiples
Alerus Financial trades at 3.5x EV/Revenue multiple.
EV / Revenue (LTM)
Alerus Financial Financial Valuation Multiples
As of March 31, 2026, Alerus Financial has market cap of $631M and EV of $1B.
Equity research analysts estimate Alerus Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Alerus Financial has a P/E ratio of 21.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $631M | XXX | $631M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBIT | 11.0x | XXX | 11.1x | XXX | XXX | XXX |
| P/E | 21.3x | XXX | 36.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 17.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Alerus Financial Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Alerus Financial Margins & Growth Rates
Alerus Financial's revenue in the last 12 month grew by 4%.
Alerus Financial's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Alerus Financial Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 33% | XXX | XXX | XXX |
| Opex to Revenue | 68% | XXX | 68% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Alerus Financial Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Banque de Tunisie | XXX | XXX | XXX | XXX | XXX | XXX |
| American Business Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Northpointe Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Hingham Institution | XXX | XXX | XXX | XXX | XXX | XXX |
| Financial Institutions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Alerus Financial M&A Activity
Alerus Financial acquired XXX companies to date.
Last acquisition by Alerus Financial was on XXXXXXXX, XXXXX. Alerus Financial acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Alerus Financial
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAlerus Financial Investment Activity
Alerus Financial invested in XXX companies to date.
Alerus Financial made its latest investment on XXXXXXXX, XXXXX. Alerus Financial invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Alerus Financial
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Alerus Financial
| When was Alerus Financial founded? | Alerus Financial was founded in 1992. |
| Where is Alerus Financial headquartered? | Alerus Financial is headquartered in United States. |
| How many employees does Alerus Financial have? | As of today, Alerus Financial has over 892 employees. |
| Who is the CEO of Alerus Financial? | Alerus Financial's CEO is Katie A. Lorenson. |
| Is Alerus Financial publicly listed? | Yes, Alerus Financial is a public company listed on Nasdaq. |
| What is the stock symbol of Alerus Financial? | Alerus Financial trades under ALRS ticker. |
| When did Alerus Financial go public? | Alerus Financial went public in 1999. |
| Who are competitors of Alerus Financial? | Alerus Financial main competitors are Banque de Tunisie, American Business Bank, Northpointe Bank, Hingham Institution. |
| What is the current market cap of Alerus Financial? | Alerus Financial's current market cap is $631M. |
| What is the current revenue of Alerus Financial? | Alerus Financial's last 12 months revenue is $297M. |
| What is the current revenue growth of Alerus Financial? | Alerus Financial revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Alerus Financial? | Current revenue multiple of Alerus Financial is 3.5x. |
| Is Alerus Financial profitable? | Yes, Alerus Financial is net-income-positive (as of the last 12 months). |
| What is the current net income of Alerus Financial? | Alerus Financial's last 12 months net income is $30M. |
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