P/E ratio for Evans Bancorp (EVBN)
P/E ratio as of April 2024 (TTM): 6.92
According to Evans Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.92245. At the end of 2022 the company had a P/E ratio of 9.18.
P/E ratio history for Evans Bancorp from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.18 | 0.4% |
| 2021 | 9.15 | -30.45% |
| 2020 | 13.2 | 19.93% |
| 2019 | 11.0 | 14.25% |
| 2018 | 9.60 | -49.21% |
| 2017 | 18.9 | 15.82% |
| 2016 | 16.3 | 17.47% |
| 2015 | 13.9 | 11.89% |
| 2014 | 12.4 | 10.99% |
| 2013 | 11.2 | 41.41% |
| 2012 | 7.91 | -0.48% |
| 2011 | 7.95 | -23.6% |
| 2010 | 10.4 | -77.99% |
| 2009 | 47.3 | 457.36% |
| 2008 | 8.48 | -33.79% |
| 2007 | 12.8 | 18.01% |
| 2006 | 10.9 | -5.58% |
| 2005 | 11.5 | -17.44% |
| 2004 | 13.9 | -3.83% |
| 2003 | 14.5 | -8.26% |
| 2002 | 15.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 M&T Bank MTB | 8.00 | 15.52% | 🇺🇸 USA |
 Community Bank System CBU | 15.2 | 119.16% | 🇺🇸 USA |
 NBT Bancorp NBTB | 11.6 | 68.15% | 🇺🇸 USA |
 Arrow Financial AROW | 10.8 | 56.37% | 🇺🇸 USA |
 Tompkins Financial TMP | 46.0 | 564.35% | 🇺🇸 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.