P/E ratio for 1st Source (SRCE)
P/E ratio as of September 2023 (TTM): 8.12
According to 1st Source 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.11914. At the end of 2021 the company had a P/E ratio of 10.6.
P/E ratio history for 1st Source from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 | 38.51% |
| 2015 | 14.5 | -8.09% |
| 2014 | 15.8 | -2.44% |
| 2013 | 16.2 | 34.65% |
| 2012 | 12.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Old National Bank
ONB | 6.74 | -16.99% | 🇺🇸 USA |
 Lakeland Financial Corp LKFN | 12.6 | 54.83% | 🇺🇸 USA |
 German American Bancorp GABC | 8.72 | 7.45% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 6.27 | -22.83% | 🇺🇸 USA |
 First Financial THFF | 6.01 | -25.94% | 🇺🇸 USA |
 Horizon Bancorp HBNC | 5.45 | -32.88% | 🇺🇸 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.