P/E ratio for Horizon Bancorp (HBNC)
P/E ratio as of September 2023 (TTM): 5.43
According to Horizon Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.43386. At the end of 2021 the company had a P/E ratio of 10.5.
P/E ratio history for Horizon Bancorp from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.5 | 2.91% |
| 2020 | 10.2 | -18.14% |
| 2019 | 12.5 | 9.58% |
| 2018 | 11.4 | -40.91% |
| 2017 | 19.3 | -16.8% |
| 2016 | 23.2 | 63.49% |
| 2015 | 14.2 | 6.96% |
| 2014 | 13.3 | 18.91% |
| 2013 | 11.2 | 35.53% |
| 2012 | 8.23 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Old National Bank
ONB | 6.74 | 23.99% | 🇺🇸 USA |
 Lakeland Financial Corp LKFN | 12.4 | 128.13% | 🇺🇸 USA |
 German American Bancorp GABC | 8.75 | 61.03% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 6.29 | 15.81% | 🇺🇸 USA |
 First Financial THFF | 6.03 | 10.95% | 🇺🇸 USA |
 1st Source
SRCE | 8.11 | 49.27% | 🇺🇸 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.