P/E ratio for Enterprise Bancorp (EBTC)
P/E ratio as of March 2023 (TTM): 8.84
According to Enterprise Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.83807. At the end of 2021 the company had a P/E ratio of 12.8.
P/E ratio history for Enterprise Bancorp from 2005 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.8 | 32.36% |
| 2020 | 9.64 | -17.45% |
| 2019 | 11.7 | -9.94% |
| 2018 | 13.0 | -36.4% |
| 2017 | 20.4 | -9.27% |
| 2016 | 22.5 | 42.71% |
| 2015 | 15.7 | -15.89% |
| 2014 | 18.7 | 12.69% |
| 2013 | 16.6 | 20.66% |
| 2012 | 13.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 8.26 | -6.51% | 🇺🇸 USA |
 Union Bankshares UNB | 8.11 | -8.19% | 🇺🇸 USA |
 Northeast Bank NBN | 6.69 | -24.28% | 🇺🇸 USA |
 Independent Bank INDB | 16.5 | 86.79% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 7.45 | -15.66% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Camden National Bank
CAC | 8.94 | 1.16% | 🇺🇸 USA |
 Webster Financial WBS | 11.0 | 24.62% | 🇺🇸 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.