P/E ratio for Magyar Bancorp (MGYR)
P/E ratio as of May 2024 (TTM): 9.21
According to Magyar Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.20833. At the end of 2022 the company had a P/E ratio of 10.7.
P/E ratio history for Magyar Bancorp from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.7 | -19.09% |
| 2021 | 13.2 | -21.39% |
| 2020 | 16.8 | -18.29% |
| 2019 | 20.6 | -15.99% |
| 2018 | 24.5 | -43.98% |
| 2017 | 43.7 | -15.56% |
| 2016 | 51.7 | 13.57% |
| 2015 | 45.5 | -34.11% |
| 2014 | 69.1 | -88.69% |
| 2013 | 611 | 2244.57% |
| 2012 | 26.1 | -160.79% |
| 2011 | -42.9 | -1015.96% |
| 2010 | 4.68 | -155.14% |
| 2009 | -8.49 | 111.09% |
| 2008 | -4.02 | -104.15% |
| 2007 | 96.9 | -77.44% |
| 2006 | 430 |
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.