P/E ratio for OFG Bancorp (OFG)
P/E ratio as of May 2024 (TTM): 9.98
According to OFG Bancorp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.98429. At the end of 2022 the company had a P/E ratio of 7.97.
P/E ratio history for OFG Bancorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.97 | -14.53% |
| 2021 | 9.32 | -33.98% |
| 2020 | 14.1 | -43.8% |
| 2019 | 25.1 | 142.62% |
| 2018 | 10.4 | -3.45% |
| 2017 | 10.7 | -14.88% |
| 2016 | 12.6 | -161.95% |
| 2015 | -20.3 | -294.17% |
| 2014 | 10.5 | 11.72% |
| 2013 | 9.37 | -71.92% |
| 2012 | 33.4 | 84.65% |
| 2011 | 18.1 | -69.61% |
| 2010 | 59.5 | 313.03% |
| 2009 | 14.4 | 116.6% |
| 2008 | 6.65 | 34.85% |
| 2007 | 4.93 | -115.23% |
| 2006 | -32.4 | -477.18% |
| 2005 | 8.58 | -30.42% |
| 2004 | 12.3 | 31.54% |
| 2003 | 9.38 | 13.31% |
| 2002 | 8.28 | -20.76% |
| 2001 | 10.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Wells Fargo WFC | 13.1 | 31.43% | 🇺🇸 USA |
 U.S. Bancorp USB | 12.4 | 23.83% | 🇺🇸 USA |
 Renasant Corp RNST | 10.6 | 6.04% | 🇺🇸 USA |
 Cullen/Frost Bankers CFR | 10.2 | 2.44% | 🇺🇸 USA |
 Bank of Hawaii
BOH | 12.0 | 20.55% | 🇺🇸 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.