P/E ratio for First Bancorp (FNLC)

P/E ratio history for First Bancorp from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Bar Harbor Bankshares BHB	11.3	13.70%	🇺🇸 USA
Camden National Bank CAC	13.8	38.23%	🇺🇸 USA
Webster Financial WBS	11.8	18.24%	🇺🇸 USA
Boston Private BPFH	N/A	N/A	🇺🇸 USA
Northeast Bank NBN	17.4	74.57%	🇺🇸 USA
Enterprise Bancorp EBTC	10.6	6.01%	🇺🇸 USA
Independent Bank Corp (Massachusetts) INDB	12.6	26.51%	🇺🇸 USA
Washington Trust Bancorp WASH	12.4	24.28%	🇺🇸 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.