P/E ratio for Prosperity Bancshares (PB)
P/E ratio as of June 2024 (TTM): 12.3
According to Prosperity Bancshares 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3227. At the end of 2022 the company had a P/E ratio of 12.7.
P/E ratio history for Prosperity Bancshares from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.7 | -1.4% |
| 2021 | 12.9 | 5.35% |
| 2020 | 12.2 | -22.54% |
| 2019 | 15.8 | 16.66% |
| 2018 | 13.5 | -24.2% |
| 2017 | 17.8 | -2.13% |
| 2016 | 18.2 | 56.07% |
| 2015 | 11.7 | -9.12% |
| 2014 | 12.8 | -25.84% |
| 2013 | 17.3 | 33.61% |
| 2012 | 13.0 | -2.66% |
| 2011 | 13.3 | -7.11% |
| 2010 | 14.3 | -14.28% |
| 2009 | 16.7 | 6.25% |
| 2008 | 15.7 | 4.96% |
| 2007 | 15.0 | -14.84% |
| 2006 | 17.6 | 9.05% |
| 2005 | 16.1 | -10.45% |
| 2004 | 18.0 | 9.91% |
| 2003 | 16.4 | 8.36% |
| 2002 | 15.1 | -10.25% |
| 2001 | 16.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Southside Bancshares SBSI | 8.64 | -29.91% | 🇺🇸 USA |
 Independent Bank Group IBTX | 27.5 | 123.43% | 🇺🇸 USA |
 First Financial Bankshares FFIN | 20.0 | 62.52% | 🇺🇸 USA |
 International Bancshares Corp IBOC | 8.99 | -27.05% | 🇺🇸 USA |
 Cullen/Frost Bankers CFR | 9.69 | -21.37% | 🇺🇸 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.