Affinity Bancshares
AFBI
#8404
Rank
โ‚น11.54 B
Marketcap
โ‚น1,801
Share price
-0.28%
Change (1 day)
53.64%
Change (1 year)

P/E ratio for Affinity Bancshares (AFBI)

P/E ratio as of November 2024 (TTM): 22.5

According to Affinity Bancshares's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4632. At the end of 2023 the company had a P/E ratio of 16.0.

P/E ratio history for Affinity Bancshares from 2021 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202316.013.16%
202214.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
17.6-21.65%๐Ÿ‡บ๐Ÿ‡ธ USA
15.0-33.36%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.