P/E ratio for Independent Bank Group (IBTX)

P/E ratio history for Independent Bank Group from 2013 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Prosperity Bancshares PB	16.4	-57.64%	🇺🇸 USA
Southside Bancshares SBSI	11.2	-70.95%	🇺🇸 USA
Cullen/Frost Bankers CFR	13.3	-65.62%	🇺🇸 USA
First Financial Bankshares FFIN	27.8	-28.20%	🇺🇸 USA
International Bancshares Corp IBOC	11.4	-70.58%	🇺🇸 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.