P/E ratio for Arrow Financial (AROW)
P/E ratio as of April 2024 (TTM): 11.2
According to Arrow Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.2055. At the end of 2022 the company had a P/E ratio of 11.8.
P/E ratio history for Arrow Financial from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.8 | 1.26% |
| 2021 | 11.7 | -3.06% |
| 2020 | 12.0 | -27.03% |
| 2019 | 16.5 | 18.87% |
| 2018 | 13.9 | -21.45% |
| 2017 | 17.7 | -20.96% |
| 2016 | 22.3 | 39.67% |
| 2015 | 16.0 | -4.19% |
| 2014 | 16.7 | -0.95% |
| 2013 | 16.9 | 11.17% |
| 2012 | 15.2 | 8.67% |
| 2011 | 14.0 | -11.46% |
| 2010 | 15.8 | 12.67% |
| 2009 | 14.0 | -3.56% |
| 2008 | 14.5 | -2.87% |
| 2007 | 14.9 | -16.58% |
| 2006 | 17.9 | 6.91% |
| 2005 | 16.7 | -13.01% |
| 2004 | 19.2 | 19.07% |
| 2003 | 16.2 | 12.48% |
| 2002 | 14.4 | -17.19% |
| 2001 | 17.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Signature Bank
SBNY | 0.1604 | -98.57% | 🇺🇸 USA |
 Financial Institutions FISI | 5.25 | -53.17% | 🇺🇸 USA |
 Community Bank System CBU | 16.0 | 42.44% | 🇺🇸 USA |
 F.N.B. Corporation
FNB | 8.62 | -23.07% | 🇺🇸 USA |
 NBT Bancorp NBTB | 12.5 | 11.52% | 🇺🇸 USA |
 Tompkins Financial TMP | 48.3 | 330.71% | 🇺🇸 USA |
 Evans Bancorp EVBN | 6.96 | -37.91% | 🇺🇸 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.