P/E ratio for Amalgamated Financial (AMAL)
P/E ratio as of May 2024 (TTM): 8.54
According to Amalgamated Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.53898. At the end of 2022 the company had a P/E ratio of 8.69.
P/E ratio history for Amalgamated Financial from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.69 | -12.38% |
| 2021 | 9.92 | 6.16% |
| 2020 | 9.35 | -28.88% |
| 2019 | 13.1 | -2.88% |
| 2018 | 13.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northeast Bank NBN | 9.53 | 11.60% | 🇺🇸 USA |
 National Bank Holdings
NBHC | 10.4 | 21.71% | 🇺🇸 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.