P/E ratio for Arrow Financial (AROW)
P/E ratio as of June 2023 (TTM): 6.56
According to Arrow Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.56417. At the end of 2021 the company had a P/E ratio of 11.7.
P/E ratio history for Arrow Financial from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.7 | -3.06% |
| 2020 | 12.0 | -24.84% |
| 2019 | 16.0 | 18.87% |
| 2018 | 13.5 | -21.45% |
| 2017 | 17.1 | -20.96% |
| 2016 | 21.7 | 39.67% |
| 2015 | 15.5 | -4.19% |
| 2014 | 16.2 | -0.95% |
| 2013 | 16.4 | 11.17% |
| 2012 | 14.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Signature Bank
SBNY | 0.0055 | -99.92% | 🇺🇸 USA |
 Financial Institutions FISI | 4.53 | -31.02% | 🇺🇸 USA |
 Community Bank System CBU | 18.8 | 186.68% | 🇺🇸 USA |
 F.N.B. Corporation
FNB | 7.70 | 17.34% | 🇺🇸 USA |
 NBT Bancorp NBTB | 10.3 | 56.68% | 🇺🇸 USA |
 Tompkins Financial TMP | 9.70 | 47.81% | 🇺🇸 USA |
 Evans Bancorp EVBN | 6.05 | -7.77% | 🇺🇸 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.