P/E ratio for Heritage Commerce (HTBK)
P/E ratio as of September 2023 (TTM): 6.79
According to Heritage Commerce's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.78689. At the end of 2021 the company had a P/E ratio of 14.9.
P/E ratio history for Heritage Commerce from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 14.9 | -0.72% |
| 2020 | 15.0 | 5.46% |
| 2019 | 14.3 | 6.85% |
| 2018 | 13.3 | -45.14% |
| 2017 | 24.3 | 21.33% |
| 2016 | 20.0 | -17.89% |
| 2015 | 24.4 | 16.1% |
| 2014 | 21.0 | -8.15% |
| 2013 | 22.9 | -11.46% |
| 2012 | 25.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 TriCo Bancshares TCBK | 7.75 | 14.12% | 🇺🇸 USA |
 Sierra Bancorp
BSRR | 7.92 | 16.76% | 🇺🇸 USA |
 Pacific Premier Bancorp
PPBI | 7.64 | 12.58% | 🇺🇸 USA |
 CVB Financial CVBF | 9.34 | 37.66% | 🇺🇸 USA |
 Cathay General Bancorp CATY | 6.53 | -3.85% | 🇺🇸 USA |
 Bank of Marin Bancorp
BMRC | 7.44 | 9.60% | 🇺🇸 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.