P/E ratio for Summit Financial Group (SMMF)
P/E ratio as of September 2023 (TTM): 5.89
According to Summit Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.88974. At the end of 2021 the company had a P/E ratio of 7.87.
P/E ratio history for Summit Financial Group from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.87 | -13.79% |
| 2020 | 9.12 | -14.12% |
| 2019 | 10.6 | 24.89% |
| 2018 | 8.51 | -69.3% |
| 2017 | 27.7 | 63.03% |
| 2016 | 17.0 | 122.83% |
| 2015 | 7.63 | -18.01% |
| 2014 | 9.30 | -15.09% |
| 2013 | 11.0 | 38.57% |
| 2012 | 7.90 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Huntington Bancshares
HBAN | 6.46 | 9.72% | 🇺🇸 USA |
 Regions Financial
RF | 7.22 | 22.59% | 🇺🇸 USA |
 Trustmark TRMK | 12.6 | 113.79% | 🇺🇸 USA |
 TowneBank
TOWN | 9.45 | 60.49% | 🇺🇸 USA |
 Premier Financial Bancorp PFBI | N/A | N/A | 🇺🇸 USA |
 Peoples Bancorp PEBO | 7.27 | 23.39% | 🇺🇸 USA |
 American National Bank & Trust Company AMNB | 12.1 | 104.87% | 🇺🇸 USA |
 F.N.B. Corporation
FNB | 6.78 | 15.07% | 🇺🇸 USA |
 City Holding Company CHCO | 11.8 | 100.08% | 🇺🇸 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.