NIC (Nicolet Bankshares) ROE % Adjusted to Book Value: 2.47% (As of Mar. 2026)


NIC Nicolet Bankshares Inc NIC
67 GF Score
Price $163.25
GF Value $135.23
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Nicolet Bankshares ROE % Adjusted to Book Value?

Nicolet Bankshares NIC +1.18% 67 ROE % Adjusted to Book Value is 2.47% as of Mar. 2026. GuruFocus rates NIC with a GF Score™ of 67/100 and a GF Value™ of $135.23 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Nicolet Bankshares's ROE % for the quarter that ended in Mar. 2026 was 3.46%. Nicolet Bankshares's PB Ratio for the quarter that ended in Mar. 2026 was 1.40. Nicolet Bankshares's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 2.47%.


Nicolet Bankshares ROE % Adjusted to Book Value Related Terms


Nicolet Bankshares ROE % Adjusted to Book Value Historical Data

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The historical data trend for Nicolet Bankshares's ROE % Adjusted to Book Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nicolet Bankshares ROE % Adjusted to Book Value Chart

Nicolet Bankshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.28 8.36 5.32 8.19 8.67

Nicolet Bankshares Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.96 7.84 8.46 9.13 2.47

NIC vs BANC, SBCF, BOH: ROE % Adjusted to Book Value Comparison

For the Banks - Regional subindustry, Nicolet Bankshares's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nicolet Bankshares ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, Nicolet Bankshares's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Nicolet Bankshares's ROE % Adjusted to Book Value falls into.


NIC
67GF Score
Nicolet Bankshares Inc NIC
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Nicolet Bankshares ROE % Adjusted to Book Value Calculation

Nicolet Bankshares's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=12.40% / 1.43
=8.67%

Nicolet Bankshares's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=3.46% / 1.40
=2.47%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a ROE % Adjusted to Book Value of 2.47% mean?
Nicolet Bankshares (NIC) has a ROE % Adjusted to Book Value of 2.47% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Nicolet Bankshares and its competitors.
Is Nicolet Bankshares' ROE % Adjusted to Book Value too high?
Nicolet Bankshares' current ROE % Adjusted to Book Value is 2.47%. Overall, Nicolet Bankshares has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicolet Bankshares' ROE % Adjusted to Book Value compare to BANC and SBCF?
Nicolet Bankshares' ROE % Adjusted to Book Value of 2.47% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Banks company?
A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Nicolet Bankshares and its competitors. Nicolet Bankshares's current ROE % Adjusted to Book Value is 2.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicolet Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Nicolet Bankshares (NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is $135.23, compared to a current price of $163.25 — trading 20.7% above its estimated fair value. The current ROE % Adjusted to Book Value is 2.47%. Nicolet Bankshares' overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Nicolet Bankshares (NIC), the current ROE % Adjusted to Book Value is 2.47% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nicolet Bankshares (NIC) Overvalued in 2026?

Based on GuruFocus' analysis, Nicolet Bankshares stock appears to be overvalued. The current stock price of $163.25 is trading 20.7% above its estimated GF Value™ of $135.23. GuruFocus considers Nicolet Bankshares to be Modestly Overvalued.

Key valuation signals for NIC:

  • ROE % Adjusted to Book Value: 2.47%
  • GF Value™: $135.23 vs. price of $163.25 (20.7% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nicolet Bankshares Business Description

Address 111 North Washington Street, Green Bay, WI, USA, 54301
Nicolet Bankshares Inc is a United States-based bank holding company's principal business is banking, consisting of lending and deposit gathering, as well as ancillary banking-related products and services, to businesses and individuals of the communities it serves, and the operational support to deliver, fund and manage. It offers a variety of loans, deposits, and related services to business customers especially small and medium-sized businesses and professional concerns, business deposit products, cash management services, international banking services, business loans, lines of credit, commercial real estate financing, construction loans, agricultural real estate or production loans, and letters of credit, as well as retirement plan services.
67GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$163.25
Price
$135.23
GF Value