P/E ratio for OceanFirst Financial (OCFC)
P/E ratio as of May 2024 (TTM): 7.27
According to OceanFirst Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.26761. At the end of 2022 the company had a P/E ratio of 8.74.
P/E ratio history for OceanFirst Financial from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.74 | -29.49% |
| 2021 | 12.4 | -32.1% |
| 2020 | 18.3 | 26.58% |
| 2019 | 14.4 | -3.21% |
| 2018 | 14.9 | -24.47% |
| 2017 | 19.7 | -34.93% |
| 2016 | 30.3 | 84.76% |
| 2015 | 16.4 | 14.95% |
| 2014 | 14.3 | -19.95% |
| 2013 | 17.8 | 45.35% |
| 2012 | 12.3 | 7.08% |
| 2011 | 11.5 | -0.23% |
| 2010 | 11.5 | -0.25% |
| 2009 | 11.5 | -12.56% |
| 2008 | 13.2 | -92.5% |
| 2007 | 176 | 735.05% |
| 2006 | 21.0 | 51.58% |
| 2005 | 13.9 | -16.68% |
| 2004 | 16.7 | -0.62% |
| 2003 | 16.8 | 7.75% |
| 2002 | 15.6 | 26.19% |
| 2001 | 12.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northfield Bancorp NFBK | 9.05 | 24.54% | 🇺🇸 USA |
 Kearny Financial
KRNY | 10.5 | 43.97% | 🇺🇸 USA |
 Provident Financial Services PFS | 7.57 | 4.19% | 🇺🇸 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.