P/E ratio for Shore Bancshares (SHBI)
P/E ratio as of April 2023 (TTM): 9.10
According to Shore Bancshares's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.09554. At the end of 2021 the company had a P/E ratio of 17.0.
P/E ratio history for Shore Bancshares from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PNC Financial Services PNC | 9.17 | 0.81% | 🇺🇸 USA |
 Wells Fargo WFC | 11.7 | 29.10% | 🇺🇸 USA |
 M&T Bank MTB | 10.3 | 13.44% | 🇺🇸 USA |
 Sandy Spring Bank SASR | 7.04 | -22.56% | 🇺🇸 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.