P/E ratio for First Internet Bancorp (INBK)
P/E ratio as of September 2023 (TTM): 10.2
According to First Internet Bancorp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2143. At the end of 2021 the company had a P/E ratio of 9.68.
P/E ratio history for First Internet Bancorp from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 | 19.77% |
| 2013 | 14.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 8.04 | -21.31% | 🇺🇸 USA |
 KeyCorp (KeyBank) KEY | 7.15 | -30.03% | 🇺🇸 USA |
 PNC Financial Services PNC | 8.37 | -18.02% | 🇺🇸 USA |
 Wells Fargo WFC | 10.5 | 2.55% | 🇺🇸 USA |
 The Bancorp
TBBK | 11.2 | 9.56% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 6.32 | -38.10% | 🇺🇸 USA |
 First Financial Bank
FFBC | 6.98 | -31.64% | 🇺🇸 USA |
 EverQuote EVER | -7.04 | -168.95% | 🇺🇸 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.