Unity Bancorp
UNTY
#6623
Rank
$0.27 B
Marketcap
$27.80
Share price
1.04%
Change (1 day)
19.04%
Change (1 year)

P/E ratio for Unity Bancorp (UNTY)

P/E ratio as of April 2024 (TTM): 7.08

According to Unity Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.08031. 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
20227.49-1.02%
20217.56-4.74%
20207.94-23.3%
201910.41.74%
201810.2-36.62%
201716.143.65%
201611.21.29%
201511.0-5.21%
201411.6-14.89%
201313.7-21.09%
201217.3-67.5%
201153.3-11.84%
201060.5-641.79%
2009-11.2-174.85%
200814.915.92%
200712.9-25.76%
200617.312.68%
200515.45.71%
200414.68.23%
200313.49.34%
200212.3-92.47%
2001163

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.34 3.60%๐Ÿ‡บ๐Ÿ‡ธ USA
6.34-10.44%๐Ÿ‡บ๐Ÿ‡ธ USA
8.43 19.06%๐Ÿ‡บ๐Ÿ‡ธ 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.