P/E ratio for Westamerica Bancorporation (WABC)
P/E ratio as of April 2024 (TTM): 7.86
According to Westamerica Bancorporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.85927. At the end of 2022 the company had a P/E ratio of 13.0.
P/E ratio history for Westamerica Bancorporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.0 | -27.34% |
| 2021 | 17.9 | -3.37% |
| 2020 | 18.6 | -18.14% |
| 2019 | 22.7 | 9.5% |
| 2018 | 20.7 | -33.61% |
| 2017 | 31.2 | 13.95% |
| 2016 | 27.4 | 34.61% |
| 2015 | 20.3 | -3.8% |
| 2014 | 21.1 | -6.07% |
| 2013 | 22.5 | 55.28% |
| 2012 | 14.5 | 1.31% |
| 2011 | 14.3 | -16.48% |
| 2010 | 17.1 | 29.25% |
| 2009 | 13.2 | -46.39% |
| 2008 | 24.7 | 68.06% |
| 2007 | 14.7 | -8.23% |
| 2006 | 16.0 | -0.97% |
| 2005 | 16.2 | -18.7% |
| 2004 | 19.9 | 15.54% |
| 2003 | 17.2 | 11.46% |
| 2002 | 15.5 | -6.27% |
| 2001 | 16.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sierra Bancorp
BSRR | 8.49 | 7.99% | 🇺🇸 USA |
 Hanmi Financial HAFC | 5.36 | -31.81% | 🇺🇸 USA |
 Cathay General Bancorp CATY | 6.90 | -12.24% | 🇺🇸 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.