P/E ratio for Cathay General Bancorp (CATY)
P/E ratio as of April 2024 (TTM): 6.88
According to Cathay General Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.88189. At the end of 2022 the company had a P/E ratio of 8.38.
P/E ratio history for Cathay General Bancorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.38 | -25.77% |
| 2021 | 11.3 | 0.6% |
| 2020 | 11.2 | 2.87% |
| 2019 | 10.9 | 9.25% |
| 2018 | 9.98 | -48.18% |
| 2017 | 19.3 | 11.9% |
| 2016 | 17.2 | 9.85% |
| 2015 | 15.7 | 5.9% |
| 2014 | 14.8 | -20.87% |
| 2013 | 18.7 | 23.47% |
| 2012 | 15.1 | 8.5% |
| 2011 | 14.0 | -106.68% |
| 2010 | -209 | 3549.67% |
| 2009 | -5.72 | -124.08% |
| 2008 | 23.8 | 122.35% |
| 2007 | 10.7 | -29.12% |
| 2006 | 15.1 | -13.2% |
| 2005 | 17.4 | -19.21% |
| 2004 | 21.5 | 10.12% |
| 2003 | 19.5 | 38.7% |
| 2002 | 14.1 | 3.25% |
| 2001 | 13.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 First Republic Bank
FRC | 0.4189 | -93.91% | 🇺🇸 USA |
 Sierra Bancorp
BSRR | 8.51 | 23.63% | 🇺🇸 USA |
 Pacific Premier Bancorp
PPBI | 8.79 | 27.78% | 🇺🇸 USA |
 CVB Financial CVBF | 9.65 | 40.30% | 🇺🇸 USA |
 Central Valley Community Bancorp
CVCY | 8.54 | 24.04% | 🇺🇸 USA |
 Heritage Commerce HTBK | 6.93 | 0.73% | 🇺🇸 USA |
 East West Bancorp
EWBC | 8.57 | 24.53% | 🇺🇸 USA |
 Bank of Marin Bancorp
BMRC | 7.68 | 11.55% | 🇺🇸 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.