P/E ratio for Northeast Bank (NBN)
P/E ratio as of May 2023 (TTM): 6.55
According to Northeast Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.55026. At the end of 2018 the company had a P/E ratio of 8.37.
P/E ratio history for Northeast Bank from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | 8.37 | -40.38% |
| 2017 | 14.0 | 3.89% |
| 2016 | 13.5 | 0.32% |
| 2015 | 13.5 | -42.75% |
| 2014 | 23.5 | -16.55% |
| 2013 | 28.2 | 13.94% |
| 2012 | 24.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 6.42 | -2.05% | 🇺🇸 USA |
 Union Bankshares UNB | 7.46 | 13.82% | 🇺🇸 USA |
 Independent Bank INDB | 7.55 | 15.22% | 🇺🇸 USA |
 First Bancorp FNLC | 6.94 | 5.92% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 7.67 | 17.12% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 7.11 | 8.52% | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 7.78 | 18.84% | 🇺🇸 USA |
 Camden National Bank
CAC | 7.91 | 20.80% | 🇺🇸 USA |
 Berkshire Hills Bancorp BHLB | 9.48 | 44.76% | 🇺🇸 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.