P/E ratio for 1st Source (SRCE)
P/E ratio as of April 2024 (TTM): 9.37
According to 1st Source 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.36719. At the end of 2022 the company had a P/E ratio of 10.9.
P/E ratio history for 1st Source from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.9 | 3.51% |
| 2021 | 10.6 | -16.81% |
| 2020 | 12.7 | -12.27% |
| 2019 | 14.5 | 13.16% |
| 2018 | 12.8 | -32.41% |
| 2017 | 18.9 | -5.82% |
| 2016 | 20.1 | 42.06% |
| 2015 | 14.2 | -12.41% |
| 2014 | 16.2 | 2.15% |
| 2013 | 15.8 | 31.56% |
| 2012 | 12.0 | -6.92% |
| 2011 | 12.9 | -29.18% |
| 2010 | 18.2 | -18.54% |
| 2009 | 22.4 | 19.81% |
| 2008 | 18.7 | 28.65% |
| 2007 | 14.5 | -31.39% |
| 2006 | 21.2 | 16.41% |
| 2005 | 18.2 | -21.52% |
| 2004 | 23.2 | -9.83% |
| 2003 | 25.7 | -31.35% |
| 2002 | 37.5 | 215.82% |
| 2001 | 11.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Old National Bank
ONB | 7.25 | -22.58% | 🇺🇸 USA |
 Lakeland Financial Corp LKFN | 16.7 | 78.79% | 🇺🇸 USA |
 German American Bancorp GABC | 10.2 | 9.08% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 7.76 | -17.11% | 🇺🇸 USA |
 First Financial THFF | 6.52 | -30.35% | 🇺🇸 USA |
 Horizon Bancorp HBNC | 6.68 | -28.70% | 🇺🇸 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.