Associated Banc-Corp
ASB
#3373
Rank
$3.11 B
Marketcap
$20.63
Share price
0.05%
Change (1 day)
-12.51%
Change (1 year)

P/E ratio for Associated Banc-Corp (ASB)

P/E ratio as of February 2024 (TTM): 8.38

According to Associated Banc-Corp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.38211. At the end of 2022 the company had a P/E ratio of 9.78.

P/E ratio history for Associated Banc-Corp from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.78-5.15%
202110.313.13%
20209.12-20.57%
201911.511.95%
201810.3-41.87%
201717.6-9.31%
201619.424.47%
201515.6-1.87%
201415.90.66%
201315.820.57%
201213.1-21.3%
201116.7-119.81%
2010-84.2855.57%
2009-8.81-154.29%
200816.234.16%
200712.1-17.13%
200614.69.85%
200513.3-8.44%
200414.55.44%
200313.814.35%
200212.0-6.89%
200112.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.53 13.72%๐Ÿ‡บ๐Ÿ‡ธ USA
16.4 95.30%๐Ÿ‡บ๐Ÿ‡ธ USA
9.81 16.98%๐Ÿ‡บ๐Ÿ‡ธ 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.