P/E ratio for Peapack-Gladstone Financial (PGC)
P/E ratio as of March 2023 (TTM): 7.45
According to Peapack-Gladstone Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.44621. At the end of 2021 the company had a P/E ratio of 11.7.
P/E ratio history for Peapack-Gladstone Financial from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.7 | -28.41% |
| 2020 | 16.4 | 29.83% |
| 2019 | 12.6 | 16.71% |
| 2018 | 10.8 | -36.43% |
| 2017 | 17.0 | -10.27% |
| 2016 | 18.9 | 20.36% |
| 2015 | 15.7 | 4.31% |
| 2014 | 15.1 | -18.63% |
| 2013 | 18.5 | 38.29% |
| 2012 | 13.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Valley Bank VLY | 8.77 | 17.73% | 🇺🇸 USA |
 Unity Bancorp UNTY | 6.30 | -15.45% | 🇺🇸 USA |
 Parke Bancorp PKBK | 5.22 | -29.88% | 🇺🇸 USA |
 Lakeland Bancorp LBAI | 10.3 | 37.74% | 🇺🇸 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.