P/E ratio for Unity Bancorp (UNTY)
P/E ratio as of April 2024 (TTM): 7.06
According to Unity Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.05959. At the end of 2022 the company had a P/E ratio of 7.49.
P/E ratio history for Unity Bancorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.49 | -1.02% |
| 2021 | 7.56 | -4.74% |
| 2020 | 7.94 | -23.3% |
| 2019 | 10.4 | 1.74% |
| 2018 | 10.2 | -36.62% |
| 2017 | 16.1 | 43.65% |
| 2016 | 11.2 | 1.29% |
| 2015 | 11.0 | -5.21% |
| 2014 | 11.6 | -14.89% |
| 2013 | 13.7 | -21.09% |
| 2012 | 17.3 | -67.5% |
| 2011 | 53.3 | -11.84% |
| 2010 | 60.5 | -641.79% |
| 2009 | -11.2 | -174.85% |
| 2008 | 14.9 | 15.92% |
| 2007 | 12.9 | -25.76% |
| 2006 | 17.3 | 12.68% |
| 2005 | 15.4 | 5.71% |
| 2004 | 14.6 | 8.23% |
| 2003 | 13.4 | 9.34% |
| 2002 | 12.3 | -92.47% |
| 2001 | 163 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Peapack-Gladstone Financial PGC | 6.74 | -4.51% | 🇺🇸 USA |
 Parke Bancorp PKBK | 6.38 | -9.57% | 🇺🇸 USA |
 Lakeland Bancorp LBAI | 8.44 | 19.60% | 🇺🇸 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.