MidWestOne Financial Group
MOFG
#6430
Rank
$0.41 B
Marketcap
$26.52
Share price
-0.75%
Change (1 day)
12.33%
Change (1 year)

P/E ratio for MidWestOne Financial Group (MOFG)

P/E ratio as of July 2024 (TTM): 12.2

According to MidWestOne Financial Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.2212. At the end of 2022 the company had a P/E ratio of 8.16.

P/E ratio history for MidWestOne Financial Group from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.1610.19%
20217.41-87.3%
202058.3368.53%
201912.524.35%
201810.0-53.42%
201721.52.32%
201621.065.09%
201512.7-2.84%
201413.15.44%
201312.419.3%
201210.44.68%
20119.95-28.91%
201014.0-32.77%
200920.8-743.2%
2008-3.24

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.9-2.34%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2-16.17%๐Ÿ‡บ๐Ÿ‡ธ USA
9.66-20.93%๐Ÿ‡บ๐Ÿ‡ธ USA
12.1-1.03%๐Ÿ‡บ๐Ÿ‡ธ USA
8.61-29.59%๐Ÿ‡บ๐Ÿ‡ธ USA
15.8 29.67%๐Ÿ‡บ๐Ÿ‡ธ USA
12.7 3.78%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.