Cathay General Bancorp
CATY
#3290
Rank
$2.69 B
Marketcap
$35.68
Share price
-0.81%
Change (1 day)
-23.42%
Change (1 year)

P/E ratio for Cathay General Bancorp (CATY)

P/E ratio as of March 2023 (TTM): 7.89

According to Cathay General Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.89381. At the end of 2021 the company had a P/E ratio of 11.3.

P/E ratio history for Cathay General Bancorp from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202111.30.6%
202011.22.88%
201910.99.25%
20189.98-48.18%
201719.311.9%
201617.29.85%
201515.75.9%
201414.8-20.87%
201318.723.47%
201215.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
1.45-81.59%๐Ÿ‡บ๐Ÿ‡ธ USA
7.83-0.86%๐Ÿ‡บ๐Ÿ‡ธ USA
8.03 1.75%๐Ÿ‡บ๐Ÿ‡ธ USA
11.9 50.13%๐Ÿ‡บ๐Ÿ‡ธ USA
9.26 17.31%๐Ÿ‡บ๐Ÿ‡ธ USA
7.89-0.05%๐Ÿ‡บ๐Ÿ‡ธ USA
7.69-2.60%๐Ÿ‡บ๐Ÿ‡ธ USA
8.16 3.42%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.