P/E ratio for Northfield Bancorp (NFBK)
P/E ratio as of May 2024 (TTM): 9.05
According to Northfield Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.05102. At the end of 2022 the company had a P/E ratio of 11.9.
P/E ratio history for Northfield Bancorp from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.9 | 6.93% |
| 2021 | 11.1 | -31.31% |
| 2020 | 16.2 | -16.78% |
| 2019 | 19.5 | 23.73% |
| 2018 | 15.8 | -49.26% |
| 2017 | 31.1 | -9.81% |
| 2016 | 34.4 | -2.68% |
| 2015 | 35.4 | 0.4% |
| 2014 | 35.2 | -6.57% |
| 2013 | 37.7 | 0.61% |
| 2012 | 37.5 | 53.76% |
| 2011 | 24.4 | -15.67% |
| 2010 | 28.9 | -16.01% |
| 2009 | 34.4 | 58.81% |
| 2008 | 21.7 | -108.99% |
| 2007 | -241 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Flushing Financial Corp FFIC | 10.5 | 16.40% | 🇺🇸 USA |
 Dime Community Bancshares DCOM | 6.64 | -26.65% | 🇺🇸 USA |
 Greene County Bancorp GCBC | 18.6 | 105.18% | 🇺🇸 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.