P/E ratio for Washington Trust Bancorp (WASH)
P/E ratio as of April 2024 (TTM): 8.76
According to Washington Trust Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.7649. At the end of 2022 the company had a P/E ratio of 11.4.
P/E ratio history for Washington Trust Bancorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.4 | -10.44% |
| 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 | -6.3% |
| 2011 | 13.2 | -10.23% |
| 2010 | 14.7 | -3.86% |
| 2009 | 15.3 | 22.97% |
| 2008 | 12.4 | -12.37% |
| 2007 | 14.2 | -5.47% |
| 2006 | 15.0 | -0.91% |
| 2005 | 15.1 | -18.94% |
| 2004 | 18.7 | 2.61% |
| 2003 | 18.2 | 22.97% |
| 2002 | 14.8 | -15.12% |
| 2001 | 17.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Union Bankshares UNB | 9.67 | 10.35% | 🇺🇸 USA |
 Northeast Bank NBN | 9.11 | 3.97% | 🇺🇸 USA |
 Independent Bank Corp (Massachusetts) INDB | 9.05 | 3.21% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 7.13 | -18.69% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 9.64 | 9.94% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Webster Financial WBS | 8.71 | -0.66% | 🇺🇸 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.