P/E ratio for First Internet Bancorp (INBK)
P/E ratio as of April 2024 (TTM): 22.4
According to First Internet Bancorp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4161. At the end of 2022 the company had a P/E ratio of 6.56.
P/E ratio history for First Internet Bancorp from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.56 | -32.2% |
| 2021 | 9.68 | 1.03% |
| 2020 | 9.58 | 1.42% |
| 2019 | 9.45 | 8.14% |
| 2018 | 8.74 | -50.31% |
| 2017 | 17.6 | 26.91% |
| 2016 | 13.9 | -4.88% |
| 2015 | 14.6 | -15.61% |
| 2014 | 17.3 | 20.28% |
| 2013 | 14.3 | 100.87% |
| 2012 | 7.14 | |
| 2008 | 10.8 | 21.52% |
| 2007 | 8.91 | -38.74% |
| 2006 | 14.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 10.6 | -52.89% | 🇺🇸 USA |
 KeyCorp (KeyBank) KEY | 11.8 | -47.44% | 🇺🇸 USA |
 PNC Financial Services PNC | 10.8 | -51.61% | 🇺🇸 USA |
 Wells Fargo WFC | 12.8 | -42.75% | 🇺🇸 USA |
 The Bancorp
TBBK | 9.74 | -56.55% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 8.13 | -63.74% | 🇺🇸 USA |
 First Financial Bank
FFBC | 7.82 | -65.12% | 🇺🇸 USA |
 EverQuote EVER | -19.8 | -188.32% | 🇺🇸 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.