P/E ratio for National Bankshares (NKSH)
P/E ratio as of May 2024 (TTM): 9.03
According to National Bankshares's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.02557. At the end of 2022 the company had a P/E ratio of 9.29.
P/E ratio history for National Bankshares from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.29 | -15.02% |
| 2021 | 10.9 | -13.45% |
| 2020 | 12.6 | -25.54% |
| 2019 | 17.0 | 7.97% |
| 2018 | 15.7 | -30.56% |
| 2017 | 22.6 | 11.89% |
| 2016 | 20.2 | 29.08% |
| 2015 | 15.7 | 25.19% |
| 2014 | 12.5 | -12.87% |
| 2013 | 14.4 | 13.45% |
| 2012 | 12.7 | 15.1% |
| 2011 | 11.0 | -21.46% |
| 2010 | 14.0 | 2.41% |
| 2009 | 13.7 | 37.72% |
| 2008 | 9.92 | 5.62% |
| 2007 | 9.40 | -38.21% |
| 2006 | 15.2 | 0.57% |
| 2005 | 15.1 | -1.97% |
| 2004 | 15.4 | 1.84% |
| 2003 | 15.1 | 21.28% |
| 2002 | 12.5 | 21.94% |
| 2001 | 10.2 |
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.