P/E ratio for Summit Financial Group (SMMF)
P/E ratio as of April 2024 (TTM): 6.45
According to Summit Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.4473. At the end of 2022 the company had a P/E ratio of 6.09.
P/E ratio history for Summit Financial Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.09 | -22.63% |
| 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 | 32.31% |
| 2011 | 5.97 | -141.79% |
| 2010 | -14.3 | -62.18% |
| 2009 | -37.8 | -218.99% |
| 2008 | 31.8 | 95.68% |
| 2007 | 16.2 | -5.97% |
| 2006 | 17.3 | 3.68% |
| 2005 | 16.7 | -21.49% |
| 2004 | 21.2 | 29.59% |
| 2003 | 16.4 | -2.61% |
| 2002 | 16.8 | 28.9% |
| 2001 | 13.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Huntington Bancshares
HBAN | 8.56 | 32.74% | 🇺🇸 USA |
 Regions Financial
RF | 7.85 | 21.78% | 🇺🇸 USA |
 Trustmark TRMK | 16.5 | 155.82% | 🇺🇸 USA |
 TowneBank
TOWN | 10.9 | 68.43% | 🇺🇸 USA |
 Premier Financial Bancorp PFBI | N/A | N/A | 🇺🇸 USA |
 Peoples Bancorp PEBO | 7.91 | 22.75% | 🇺🇸 USA |
 American National Bank & Trust Company AMNB | 16.9 | 161.76% | 🇺🇸 USA |
 F.N.B. Corporation
FNB | 8.08 | 25.26% | 🇺🇸 USA |
 City Holding Company CHCO | 12.8 | 98.05% | 🇺🇸 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.