P/E ratio for First Internet Bancorp (INBK)

P/E ratio history for First Internet Bancorp from 2006 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
First Merchants Corporation FRME	9.50	-64.05%	🇺🇸 USA
PNC Financial Services PNC	13.4	-49.34%	🇺🇸 USA
EverQuote EVER	-20.7	-178.45%	🇺🇸 USA
KeyCorp (KeyBank) KEY	13.9	-47.41%	🇺🇸 USA
The Bancorp TBBK	15.6	-41.17%	🇺🇸 USA
Bank of America BAC	12.3	-53.38%	🇺🇸 USA
Wells Fargo WFC	15.2	-42.48%	🇺🇸 USA
First Financial Bank FFBC	9.44	-64.28%	🇺🇸 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.