P/E ratio for Hingham Institution for Savings (HIFS)
P/E ratio as of June 2024 (TTM): 10.8
According to Hingham Institution for Savings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7536. At the end of 2022 the company had a P/E ratio of 15.8.
P/E ratio history for Hingham Institution for Savings from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.8 | 18.41% |
| 2021 | 13.3 | 46.58% |
| 2020 | 9.09 | -21.11% |
| 2019 | 11.5 | -16.95% |
| 2018 | 13.9 | -19.02% |
| 2017 | 17.1 | -4.3% |
| 2016 | 17.9 | 35.86% |
| 2015 | 13.2 | 58.29% |
| 2014 | 8.33 | -33.38% |
| 2013 | 12.5 | 24.78% |
| 2012 | 10.0 | 19.02% |
| 2011 | 8.42 | -8.09% |
| 2010 | 9.16 | 13.07% |
| 2009 | 8.10 | -4.37% |
| 2008 | 8.47 | -39.43% |
| 2007 | 14.0 | -10.68% |
| 2006 | 15.7 | 19.41% |
| 2005 | 13.1 | -16.1% |
| 2004 | 15.6 | -2.59% |
| 2003 | 16.0 | 55.63% |
| 2002 | 10.3 | 8.28% |
| 2001 | 9.52 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northwest Bank
NWBI | 9.81 | -8.77% | 🇺🇸 USA |
 Meridian Bancorp
EBSB | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 8.65 | -19.59% | 🇺🇸 USA |
 Berkshire Hills Bancorp BHLB | 9.43 | -12.30% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.