P/E ratio for TowneBank (TOWN)
P/E ratio as of May 2024 (TTM): 11.0
According to TowneBank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.029. At the end of 2022 the company had a P/E ratio of 11.9.
P/E ratio history for TowneBank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.9 | 11.52% |
| 2021 | 10.6 | -8.49% |
| 2020 | 11.6 | -19.36% |
| 2019 | 14.4 | 12.55% |
| 2018 | 12.8 | -41.27% |
| 2017 | 21.8 | -23.92% |
| 2016 | 28.7 | 67.56% |
| 2015 | 17.1 | 33.5% |
| 2014 | 12.8 | -4.25% |
| 2013 | 13.4 | -10.15% |
| 2012 | 14.9 | -4.26% |
| 2011 | 15.6 | -27.4% |
| 2010 | 21.4 | 22.91% |
| 2009 | 17.4 | -34.6% |
| 2008 | 26.7 | 60.6% |
| 2007 | 16.6 | -21.44% |
| 2006 | 21.1 | -13.89% |
| 2005 | 24.5 | -35.3% |
| 2004 | 37.9 | -4.27% |
| 2003 | 39.6 | 44.51% |
| 2002 | 27.4 | -35.78% |
| 2001 | 42.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Old Point Financial OPOF | 7.89 | -28.43% | 🇺🇸 USA |
 American National Bank & Trust Company AMNB | 16.9 | 53.02% | 🇺🇸 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.