P/E ratio for Provident Financial Services (PFS)
P/E ratio as of May 2024 (TTM): 7.57
According to Provident Financial Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.57214. At the end of 2022 the company had a P/E ratio of 9.09.
P/E ratio history for Provident Financial Services from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.09 | -17.81% |
| 2021 | 11.1 | -16.87% |
| 2020 | 13.3 | -5.55% |
| 2019 | 14.1 | 6.82% |
| 2018 | 13.2 | -28.62% |
| 2017 | 18.5 | -9.92% |
| 2016 | 20.5 | 36.38% |
| 2015 | 15.0 | 1.58% |
| 2014 | 14.8 | -5.76% |
| 2013 | 15.7 | 23.17% |
| 2012 | 12.8 | -3.81% |
| 2011 | 13.3 | -22.02% |
| 2010 | 17.0 | -446.38% |
| 2009 | -4.91 | -123.42% |
| 2008 | 21.0 | -9.89% |
| 2007 | 23.3 | 14.17% |
| 2006 | 20.4 | -2.05% |
| 2005 | 20.8 | -14.1% |
| 2004 | 24.2 | -59.01% |
| 2003 | 59.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 OceanFirst Financial OCFC | 7.27 | -4.02% | 🇺🇸 USA |
 Kearny Financial
KRNY | 10.5 | 38.18% | 🇺🇸 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.