P/E ratio for Summit State Bank (SSBI)
P/E ratio as of May 2024 (TTM): 3.79
According to Summit State Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.78661. At the end of 2022 the company had a P/E ratio of 6.25.
P/E ratio history for Summit State Bank from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.25 | -11.3% |
| 2021 | 7.04 | -8.7% |
| 2020 | 7.71 | -37.15% |
| 2019 | 12.3 | 0.08% |
| 2018 | 12.3 | -46.48% |
| 2017 | 22.9 | 58.45% |
| 2016 | 14.5 | 30.03% |
| 2015 | 11.1 | -9.88% |
| 2014 | 12.3 | -0.12% |
| 2013 | 12.4 | 13.46% |
| 2012 | 10.9 | -30.91% |
| 2011 | 15.8 | -41.39% |
| 2010 | 26.9 | 61.6% |
| 2009 | 16.6 | -24.05% |
| 2008 | 21.9 | 8.84% |
| 2007 | 20.1 | 47.17% |
| 2006 | 13.7 |
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.