Eastern Bankshares
EBC
#3324
Rank
$3.43 B
Marketcap
$17.26
Share price
2.80%
Change (1 day)
18.46%
Change (1 year)

P/E ratio for Eastern Bankshares (EBC)

P/E ratio as of December 2024 (TTM): -61.8

According to Eastern Bankshares's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -61.7679. At the end of 2022 the company had a P/E ratio of 14.4.

P/E ratio history for Eastern Bankshares from 2020 to 2023

20212022202320241002003000companiesmarketcap.com

PE ratio at the end of each year

Year P/E ratio Change
202214.4-35.86%
202122.4-91.26%
2020256

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
16.2-126.22%๐Ÿ‡บ๐Ÿ‡ธ USA
13.1-121.20%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.