P/E ratio for ConnectOne Bancorp (CNOB)
P/E ratio as of April 2024 (TTM): 8.05
According to ConnectOne Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.05394. At the end of 2022 the company had a P/E ratio of 7.99.
P/E ratio history for ConnectOne Bancorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.99 | -20.86% |
| 2021 | 10.1 | -9.2% |
| 2020 | 11.1 | -10.52% |
| 2019 | 12.4 | 25.8% |
| 2018 | 9.88 | -48.22% |
| 2017 | 19.1 | -24.29% |
| 2016 | 25.2 | 86.02% |
| 2015 | 13.5 | -37.99% |
| 2014 | 21.8 | 40.86% |
| 2013 | 15.5 | 40.58% |
| 2012 | 11.0 | -9.69% |
| 2011 | 12.2 | -34.07% |
| 2010 | 18.5 | -50.16% |
| 2009 | 37.2 | 104.46% |
| 2008 | 18.2 | -56.33% |
| 2007 | 41.6 | -26.33% |
| 2006 | 56.5 | 225.75% |
| 2005 | 17.3 | 3.32% |
| 2004 | 16.8 | -49.55% |
| 2003 | 33.3 | 115.46% |
| 2002 | 15.4 | 11.74% |
| 2001 | 13.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Valley Bank VLY | 6.81 | -15.44% | 🇺🇸 USA |
 Unity Bancorp UNTY | 7.16 | -11.12% | 🇺🇸 USA |
 Peapack-Gladstone Financial PGC | 7.36 | -8.56% | 🇺🇸 USA |
 Parke Bancorp PKBK | 6.40 | -20.59% | 🇺🇸 USA |
 Lakeland Bancorp LBAI | 8.62 | 7.08% | 🇺🇸 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.