Richmond Mutual Bancorporation
RMBI
#8438
Rank
A$0.21 B
Marketcap
$21.37
Share price
2.36%
Change (1 day)
25.19%
Change (1 year)

P/E ratio for Richmond Mutual Bancorporation (RMBI)

P/E ratio as of November 2024 (TTM): 11.9

According to Richmond Mutual Bancorporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.9298. At the end of 2022 the company had a P/E ratio of 10.8.

P/E ratio history for Richmond Mutual Bancorporation from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202210.8-33.8%
202116.4-0.49%
202016.5-208.9%
2019-15.1

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.