P/E ratio for Shore Bancshares (SHBI)
P/E ratio as of April 2024 (TTM): 13.5
According to Shore Bancshares's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.5467. At the end of 2022 the company had a P/E ratio of 11.1.
P/E ratio history for Shore Bancshares from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.1 | -34.51% |
| 2021 | 17.0 | 47.45% |
| 2020 | 11.5 | -15.9% |
| 2019 | 13.7 | 84.26% |
| 2018 | 7.42 | -60.46% |
| 2017 | 18.8 | -6.49% |
| 2016 | 20.1 | 3.28% |
| 2015 | 19.4 | -0.15% |
| 2014 | 19.5 | -340.59% |
| 2013 | -8.09 | 72.56% |
| 2012 | -4.69 | -89.08% |
| 2011 | -42.9 | -14.49% |
| 2010 | -50.2 | -383.84% |
| 2009 | 17.7 | 0.98% |
| 2008 | 17.5 | 28.44% |
| 2007 | 13.6 | -26.92% |
| 2006 | 18.7 | -8.84% |
| 2005 | 20.5 | 4.89% |
| 2004 | 19.5 | -9.34% |
| 2003 | 21.5 | 50.5% |
| 2002 | 14.3 | 19.16% |
| 2001 | 12.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PNC Financial Services PNC | 10.3 | -24.24% | 🇺🇸 USA |
 Wells Fargo WFC | 12.6 | -7.15% | 🇺🇸 USA |
 M&T Bank MTB | 8.00 | -40.97% | 🇺🇸 USA |
 Sandy Spring Bank SASR | 6.86 | -49.39% | 🇺🇸 USA |
 Howard Bancorp
HBMD | N/A | N/A | 🇺🇸 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.