P/E ratio for Valley Bank (VLY)
P/E ratio as of June 2024 (TTM): 5.99
According to Valley Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.99138. At the end of 2022 the company had a P/E ratio of 9.92.
P/E ratio history for Valley Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.92 | -18.47% |
| 2021 | 12.2 | 17.31% |
| 2020 | 10.4 | -19.38% |
| 2019 | 12.9 | 8.66% |
| 2018 | 11.8 | -38.8% |
| 2017 | 19.3 | 6.36% |
| 2016 | 18.2 | -20.6% |
| 2015 | 22.9 | 34.47% |
| 2014 | 17.0 | 12.78% |
| 2013 | 15.1 | 18.79% |
| 2012 | 12.7 | -18.85% |
| 2011 | 15.7 | -12.14% |
| 2010 | 17.8 | -17.78% |
| 2009 | 21.7 | -22.99% |
| 2008 | 28.2 | 88.98% |
| 2007 | 14.9 | -21.09% |
| 2006 | 18.9 | 17.5% |
| 2005 | 16.1 | -9.37% |
| 2004 | 17.7 | -1% |
| 2003 | 17.9 | 12.7% |
| 2002 | 15.9 | -16.06% |
| 2001 | 18.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 M&T Bank MTB | 8.49 | 41.67% | 🇺🇸 USA |
 Universal Electronics UEIC | -2.04 | -134.01% | 🇺🇸 USA |
 Unity Bancorp UNTY | 7.11 | 18.61% | 🇺🇸 USA |
 Peapack-Gladstone Financial PGC | 6.29 | 5.00% | 🇺🇸 USA |
 Parke Bancorp PKBK | 6.21 | 3.57% | 🇺🇸 USA |
 Lakeland Bancorp LBAI | 9.01 | 50.44% | 🇺🇸 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.