P/E ratio for Independent Bank Group (IBTX)
P/E ratio as of April 2024 (TTM): 24.0
According to Independent Bank Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.024. At the end of 2022 the company had a P/E ratio of 12.8.
P/E ratio history for Independent Bank Group from 2013 to 2023
PE ratio at the end of each year
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Southside Bancshares SBSI | 8.75 | -63.57% | 🇺🇸 USA |
 First Financial Bankshares FFIN | 19.3 | -19.54% | 🇺🇸 USA |
 Prosperity Bancshares
PB | 11.9 | -50.51% | 🇺🇸 USA |
 International Bancshares Corp IBOC | 8.35 | -65.23% | 🇺🇸 USA |
 Cullen/Frost Bankers CFR | 10.4 | -56.67% | 🇺🇸 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.