P/E ratio for Ponce Financial Group (PDLB)
P/E ratio as of May 2024 (TTM): -31.9
According to Ponce Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -31.854. At the end of 2022 the company had a P/E ratio of -7.06.
P/E ratio history for Ponce Financial Group from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -7.06 | -203.25% |
| 2021 | 6.84 | -78.22% |
| 2020 | 31.4 | -189.37% |
| 2019 | -35.1 | -157.69% |
| 2018 | 60.9 | -292.02% |
| 2017 | -31.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northwest Bank
NWBI | 10.2 | -132.04% | 🇺🇸 USA |
 New York Community Bank
NYCB | 0.9175 | -102.88% | 🇺🇸 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.