P/E ratio for Macatawa Bank (MCBC)
P/E ratio as of April 2024 (TTM): 10.7
According to Macatawa Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7068. At the end of 2022 the company had a P/E ratio of 10.9.
P/E ratio history for Macatawa Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.9 | 5.25% |
| 2021 | 10.4 | 9.1% |
| 2020 | 9.51 | -19.67% |
| 2019 | 11.8 | -4% |
| 2018 | 12.3 | -42.03% |
| 2017 | 21.3 | -3.94% |
| 2016 | 22.1 | 31.8% |
| 2015 | 16.8 | -4.23% |
| 2014 | 17.5 | -201.78% |
| 2013 | -17.2 | -881.53% |
| 2012 | 2.21 | -72.91% |
| 2011 | 8.14 | -297.64% |
| 2010 | -4.12 | 651.06% |
| 2009 | -0.5486 | -72.65% |
| 2008 | -2.01 | -112.3% |
| 2007 | 16.3 | -18.92% |
| 2006 | 20.1 | -18.97% |
| 2005 | 24.8 | 8.29% |
| 2004 | 22.9 | 7.72% |
| 2003 | 21.3 | 16.26% |
| 2002 | 18.3 | -11.66% |
| 2001 | 20.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Mercantile Bank MBWM | 6.89 | -35.68% | 🇺🇸 USA |
 Independent Bank (Michigan) IBCP | 8.67 | -19.02% | 🇺🇸 USA |
 First Busey BUSE | 9.66 | -9.81% | 🇺🇸 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.