P/E ratio for Heritage Financial (HFWA)
P/E ratio as of April 2024 (TTM): 8.39
According to Heritage Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.39189. At the end of 2022 the company had a P/E ratio of 13.2.
P/E ratio history for Heritage Financial from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.2 | 47.97% |
| 2021 | 8.89 | -50.99% |
| 2020 | 18.1 | 17.89% |
| 2019 | 15.4 | -22.89% |
| 2018 | 19.9 | -16.46% |
| 2017 | 23.9 | 20.54% |
| 2016 | 19.8 | 31.42% |
| 2015 | 15.1 | -32.15% |
| 2014 | 22.2 | -20.75% |
| 2013 | 28.0 | 66.02% |
| 2012 | 16.9 | -42.19% |
| 2011 | 29.2 | 120.33% |
| 2010 | 13.3 | -110.58% |
| 2009 | -125 | -1051.05% |
| 2008 | 13.2 | 8.55% |
| 2007 | 12.1 | -19.3% |
| 2006 | 15.0 | 2.28% |
| 2005 | 14.7 | -0.63% |
| 2004 | 14.8 | -10.35% |
| 2003 | 16.5 | 15.95% |
| 2002 | 14.2 | -0.25% |
| 2001 | 14.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 First Republic Bank
FRC | 0.4189 | -95.01% | 🇺🇸 USA |
 Columbia Banking System COLB | 12.1 | 43.90% | 🇺🇸 USA |
 Banner Bank
BANR | 8.09 | -3.56% | 🇺🇸 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.