P/E ratio for EQB (Equitable Bank) (EQB.TO)
P/E ratio as of May 2024 (TTM): 8.85
According to EQB (Equitable Bank)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.84534. At the end of 2022 the company had a P/E ratio of 7.44.
P/E ratio history for EQB (Equitable Bank) from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.44 | -8.5% |
| 2021 | 8.13 | 4.92% |
| 2020 | 7.75 | -14.36% |
| 2019 | 9.04 | 48.86% |
| 2018 | 6.08 | -19.61% |
| 2017 | 7.56 | 7.26% |
| 2016 | 7.05 | 7.14% |
| 2015 | 6.58 | -33.6% |
| 2014 | 9.90 | 14.93% |
| 2013 | 8.62 | 35.93% |
| 2012 | 6.34 | -1.1% |
| 2011 | 6.41 | -10.48% |
| 2010 | 7.16 | 13.56% |
| 2009 | 6.31 | 49.73% |
| 2008 | 4.21 | -63.82% |
| 2007 | 11.6 | -14.19% |
| 2006 | 13.6 | -7.91% |
| 2005 | 14.7 |
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.