Integrating bike-sharing programs with public transport enhances car-independent mobility, yet a comprehensive societal cost-benefit analysis of this integration remains scarce. This study addresses this gap by conducting an ex-post analysis of the OV-fiets program in the Netherlands, a station-based round-trip bike-sharing system designed to improve last-mile connectivity for train commuters. Spanning from 2004 to 2023, the analysis identifies 19 critical factors through an exhaustive literature review and expert consultations, with 14 factors subsequently quantified and monetized. The findings reveal a positive net present value (NPV) for the OV-fiets scheme, with benefit-cost ratios (BCRs) ranging from 1.1:1 to 2.4:1 and a median ratio of 1.5:1. Primary benefits include enhanced accessibility, reduced road congestion, and improved health outcomes, while significant costs are associated with initial investments and road safety impacts. This research underscores the considerable societal value of the OV-fiets program, warranting continued investment in the program and emphasizing the need for ongoing safety measures and infrastructure improvements. Additionally, it provides a robust framework for future assessments and improvements in similar urban contexts.