P/E ratio for Provident Bancorp (PVBC)
P/E ratio as of May 2024 (TTM): 14.5
According to Provident Bancorp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.4615. At the end of 2022 the company had a P/E ratio of -5.52.
P/E ratio history for Provident Bancorp from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.52 | -128.76% |
| 2021 | 19.2 | 7.06% |
| 2020 | 17.9 | 48.17% |
| 2019 | 12.1 | 13.8% |
| 2018 | 10.6 | -30.21% |
| 2017 | 15.2 | 18.56% |
| 2016 | 12.8 | -22.21% |
| 2015 | 16.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northeast Bank NBN | 9.78 | -32.40% | 🇺🇸 USA |
 National Bank Holdings
NBHC | 10.9 | -24.67% | 🇺🇸 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.