P/E ratio for Camden National Bank (CAC)
P/E ratio as of March 2023 (TTM): 8.99
According to Camden National Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.99043. At the end of 2021 the company had a P/E ratio of 10.4.
P/E ratio history for Camden National Bank from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.4 | 15.37% |
| 2020 | 9.04 | -27.42% |
| 2019 | 12.4 | 17.67% |
| 2018 | 10.6 | -54.05% |
| 2017 | 23.0 | 20.5% |
| 2016 | 19.1 | 19.16% |
| 2015 | 16.0 | 32.8% |
| 2014 | 12.1 | -14.01% |
| 2013 | 14.0 | 26.89% |
| 2012 | 11.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 8.62 | -4.14% | 🇺🇸 USA |
 Northeast Bank NBN | 6.51 | -27.58% | 🇺🇸 USA |
 Independent Bank INDB | 11.8 | 31.76% | 🇺🇸 USA |
 First Bancorp FNLC | 7.39 | -17.77% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 9.01 | 0.23% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 9.82 | 9.23% | 🇺🇸 USA |
 Webster Financial WBS | 11.0 | 21.91% | 🇺🇸 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.