According to Independent Bank Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.3293. At the end of 2022 the company had a P/E ratio of 12.8.
Year | P/E ratio | Change |
---|---|---|
2022 | 12.8 | -5.21% |
2021 | 13.5 | 0.74% |
2020 | 13.4 | 7.94% |
2019 | 12.4 | 17.06% |
2018 | 10.6 | -52.67% |
2017 | 22.4 | 3.31% |
2016 | 21.7 | 50.31% |
2015 | 14.4 | -32.47% |
2014 | 21.3 | -20.06% |
2013 | 26.7 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
14.6 | -59.79% | ๐บ๐ธ USA | |
9.55 | -73.70% | ๐บ๐ธ USA | |
12.6 | -65.25% | ๐บ๐ธ USA | |
23.4 | -35.62% | ๐บ๐ธ USA | |
9.97 | -72.55% | ๐บ๐ธ USA |
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.