Heritage Commerce
HTBK
#5977
Rank
$0.52 B
Marketcap
$8.58
Share price
0.59%
Change (1 day)
-1.27%
Change (1 year)

P/E ratio for Heritage Commerce (HTBK)

P/E ratio as of March 2024 (TTM): 7.23

According to Heritage Commerce's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.22881. At the end of 2022 the company had a P/E ratio of 11.9.

P/E ratio history for Heritage Commerce from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.9-20.09%
202114.9-0.72%
202015.05.46%
201914.36.85%
201813.3-45.14%
201724.321.33%
201620.0-17.89%
201524.416.1%
201421.0-8.15%
201322.9-11.46%
201225.952.71%
201116.9-1984%
2010-0.8985-72.95%
2009-3.32-103.84%
200886.5440.68%
200716.0-11.76%
200618.13.68%
200517.5-32.91%
200426.146.16%
200317.834.11%
200213.312.47%
200111.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.54 31.96%๐Ÿ‡บ๐Ÿ‡ธ USA
8.12 12.28%๐Ÿ‡บ๐Ÿ‡ธ USA
9.53 31.86%๐Ÿ‡บ๐Ÿ‡ธ USA
10.4 43.19%๐Ÿ‡บ๐Ÿ‡ธ USA
7.53 4.13%๐Ÿ‡บ๐Ÿ‡ธ USA
8.29 14.73%๐Ÿ‡บ๐Ÿ‡ธ 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.