P/E ratio for Sterling Bancorp (SBT)
P/E ratio as of June 2024 (TTM): 107
According to Sterling Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 106.823. At the end of 2022 the company had a P/E ratio of 80.0.
P/E ratio history for Sterling Bancorp from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 80.0 | 470.24% |
| 2021 | 14.0 | -177.91% |
| 2020 | -18.0 | -348.88% |
| 2019 | 7.23 | 24.87% |
| 2018 | 5.79 | -67% |
| 2017 | 17.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northeast Bank NBN | 9.79 | -90.83% | 🇺🇸 USA |
 National Bank Holdings
NBHC | 11.0 | -89.73% | 🇺🇸 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.