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Ames National Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ames National and similar public comparables like First Ntl, National Bankshares, Cim Financial Services, LCNB and more.
Ames National Overview
About Ames National
Ames National Corporation is a United States-based bank holding company. It provides short-term and medium-term commercial, multi-family, and agricultural real estate loans, residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans and origination of mortgage loans for sale into the secondary market. The Banks also offer a variety of checking, savings and time deposits, cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit and automated/video teller machine access. The banking segment generates revenues through personal, business, agricultural and commercial lending, and Others.
Founded
1975
HQ

Employees
268
Website
Sectors
Financials (FY)
EV
$261M
Ames National Financials
Ames National reported last fiscal year revenue of $67M.
In the same fiscal year, Ames National generated $19M in net income.
Ames National P&L
In the most recent fiscal year, Ames National reported revenue of $67M and net income of $19M.
Ames National expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $67M | XXX | XXX | XXX |
| Net Profit | — | XXX | $19M | XXX | XXX | XXX |
| Net Margin | — | XXX | 28% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ames National Stock Performance
Ames National has current market cap of $239M, and enterprise value of $261M.
Market Cap Evolution
Ames National's stock price is $27.01.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $261M | $239M | 0.0% | XXX | XXX | XXX | $2.15 |
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Start Free TrialAmes National Valuation Multiples
Ames National trades at 3.9x EV/Revenue multiple.
Ames National Financial Valuation Multiples
As of March 31, 2026, Ames National has market cap of $239M and EV of $261M.
Equity research analysts estimate Ames National's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ames National has a P/E ratio of 12.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $239M | XXX | $239M | XXX | XXX | XXX |
| EV (current) | $261M | XXX | $261M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 3.9x | XXX | XXX | XXX |
| P/E | — | XXX | 12.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 12.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ames National 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.


Ames National Margins & Growth Rates
Ames National's revenue in the last fiscal year grew by 22%.
Ames National's revenue per employee in the last FY averaged $0.2M.
Ames National Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 41% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ames National Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| First Ntl | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bankshares | XXX | XXX | XXX | XXX | XXX | XXX |
| Cim Financial Services | XXX | XXX | XXX | XXX | XXX | XXX |
| LCNB | XXX | XXX | XXX | XXX | XXX | XXX |
| C&F Financial | 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.
Ames National M&A Activity
Ames National acquired XXX companies to date.
Last acquisition by Ames National was on XXXXXXXX, XXXXX. Ames National acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ames National
| 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 TrialAmes National Investment Activity
Ames National invested in XXX companies to date.
Ames National made its latest investment on XXXXXXXX, XXXXX. Ames National invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ames National
| 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 Ames National
| When was Ames National founded? | Ames National was founded in 1975. |
| Where is Ames National headquartered? | Ames National is headquartered in United States. |
| How many employees does Ames National have? | As of today, Ames National has over 268 employees. |
| Who is the CEO of Ames National? | Ames National's CEO is John P. Nelson. |
| Is Ames National publicly listed? | Yes, Ames National is a public company listed on Nasdaq. |
| What is the stock symbol of Ames National? | Ames National trades under ATLO ticker. |
| When did Ames National go public? | Ames National went public in 1997. |
| Who are competitors of Ames National? | Ames National main competitors are First Ntl, National Bankshares, Cim Financial Services, LCNB. |
| What is the current market cap of Ames National? | Ames National's current market cap is $239M. |
| What is the current revenue of Ames National? | Ames National's last fiscal year revenue is $67M. |
| What is the current EV/Revenue multiple of Ames National? | Current revenue multiple of Ames National is 3.9x. |
| Is Ames National profitable? | No, Ames National is not profitable. |
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