P/E ratio for Washington Trust Bancorp (WASH)
P/E ratio as of March 2023 (TTM): 8.62
According to Washington Trust Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.61836. At the end of 2021 the company had a P/E ratio of 12.7.
P/E ratio history for Washington Trust Bancorp from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.7 | 14.46% |
| 2020 | 11.1 | -17.95% |
| 2019 | 13.5 | 12.6% |
| 2018 | 12.0 | -39.89% |
| 2017 | 20.0 | -2.85% |
| 2016 | 20.6 | 33.48% |
| 2015 | 15.4 | -5.87% |
| 2014 | 16.4 | -3.94% |
| 2013 | 17.1 | 38.22% |
| 2012 | 12.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Union Bankshares UNB | 8.00 | -7.13% | 🇺🇸 USA |
 Northeast Bank NBN | 6.51 | -24.45% | 🇺🇸 USA |
 Independent Bank INDB | 11.8 | 37.45% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 9.01 | 4.56% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 7.43 | -13.83% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Webster Financial WBS | 11.0 | 27.18% | 🇺🇸 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.