Cathay General Bancorp
CATY
#3538
Rank
$2.81 B
Marketcap
$38.79
Share price
-0.67%
Change (1 day)
-9.47%
Change (1 year)

P/E ratio for Cathay General Bancorp (CATY)

P/E ratio as of March 2024 (TTM): 7.69

According to Cathay General Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.68701. 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
20228.38-25.77%
202111.30.6%
202011.22.87%
201910.99.25%
20189.98-48.18%
201719.311.9%
201617.29.85%
201515.75.9%
201414.8-20.87%
201318.723.47%
201215.18.5%
201114.0-106.68%
2010-2093549.67%
2009-5.72-124.08%
200823.8122.35%
200710.7-29.12%
200615.1-13.2%
200517.4-19.21%
200421.510.12%
200319.538.7%
200214.13.25%
200113.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
0.4189-94.55%๐Ÿ‡บ๐Ÿ‡ธ USA
7.75 0.87%๐Ÿ‡บ๐Ÿ‡ธ USA
9.07 18.01%๐Ÿ‡บ๐Ÿ‡ธ USA
9.95 29.48%๐Ÿ‡บ๐Ÿ‡ธ USA
8.02 4.35%๐Ÿ‡บ๐Ÿ‡ธ USA
7.03-8.61%๐Ÿ‡บ๐Ÿ‡ธ USA
8.18 6.38%๐Ÿ‡บ๐Ÿ‡ธ USA
8.26 7.50%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.