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 |
|---|---|---|
| 2021 | 11.3 | 0.6% |
| 2020 | 11.2 | 2.88% |
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 First Republic Bank
FRC | 1.45 | -81.59% | 🇺🇸 USA |
 Sierra Bancorp
BSRR | 7.83 | -0.86% | 🇺🇸 USA |
 Pacific Premier Bancorp
PPBI | 8.03 | 1.75% | 🇺🇸 USA |
 CVB Financial CVBF | 11.9 | 50.13% | 🇺🇸 USA |
 Central Valley Community Bancorp
CVCY | 9.26 | 17.31% | 🇺🇸 USA |
 Heritage Commerce HTBK | 7.89 | -0.05% | 🇺🇸 USA |
 East West Bancorp
EWBC | 7.69 | -2.60% | 🇺🇸 USA |
 Bank of Marin Bancorp
BMRC | 8.16 | 3.42% | 🇺🇸 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.