P/E ratio for Parke Bancorp (PKBK)
P/E ratio as of December 2023 (TTM): 7.24
According to Parke Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.24419. At the end of 2022 the company had a P/E ratio of 5.91.
P/E ratio history for Parke Bancorp from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.91 | -5.04% |
| 2021 | 6.22 | -4.27% |
| 2020 | 6.50 | -29.09% |
| 2019 | 9.17 | 24.24% |
| 2018 | 7.38 | -54.04% |
| 2017 | 16.1 | 82.97% |
| 2016 | 8.77 | -8.78% |
| 2015 | 9.62 | 6.68% |
| 2014 | 9.02 | 18.61% |
| 2013 | 7.60 | 42.85% |
| 2012 | 5.32 | 10.52% |
| 2011 | 4.82 | -46.63% |
| 2010 | 9.02 | 3.1% |
| 2009 | 8.75 | -4.46% |
| 2008 | 9.16 | -27.23% |
| 2007 | 12.6 | -18.44% |
| 2006 | 15.4 | -27.44% |
| 2005 | 21.3 | -19.5% |
| 2004 | 26.4 | -23.39% |
| 2003 | 34.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Valley Bank VLY | 8.46 | 16.74% | 🇺🇸 USA |
 Unity Bancorp UNTY | 7.29 | 0.67% | 🇺🇸 USA |
 Peapack-Gladstone Financial PGC | 7.85 | 8.40% | 🇺🇸 USA |
 Lakeland Bancorp LBAI | 8.93 | 23.31% | 🇺🇸 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.