P/E ratio for Enterprise Bancorp (EBTC)
P/E ratio as of April 2024 (TTM): 7.02
According to Enterprise Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.02011. At the end of 2022 the company had a P/E ratio of 10.0.
P/E ratio history for Enterprise Bancorp from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.0 | -21.42% |
| 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 | 3.88% |
| 2011 | 13.3 | 5.15% |
| 2010 | 12.6 | 3.86% |
| 2009 | 12.1 | -30.07% |
| 2008 | 17.4 | 62.07% |
| 2007 | 10.7 | -42.46% |
| 2006 | 18.6 | -23.18% |
| 2005 | 24.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 8.76 | 24.81% | 🇺🇸 USA |
 Union Bankshares UNB | 9.61 | 36.96% | 🇺🇸 USA |
 Northeast Bank NBN | 9.29 | 32.36% | 🇺🇸 USA |
 Independent Bank Corp (Massachusetts) INDB | 8.93 | 27.16% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 9.66 | 37.56% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Camden National Bank
CAC | 8.92 | 27.13% | 🇺🇸 USA |
 Webster Financial WBS | 8.58 | 22.24% | 🇺🇸 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.