P/E ratio for Western New England Bancorp (WNEB)
P/E ratio as of September 2023 (TTM): 6.06
According to Western New England Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.05607. At the end of 2021 the company had a P/E ratio of 8.50.
P/E ratio history for Western New England Bancorp from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.50 | -45.69% |
| 2020 | 15.7 | -17.07% |
| 2019 | 18.9 | 9.08% |
| 2018 | 17.3 | -33.3% |
| 2017 | 26.0 | -33.38% |
| 2016 | 39.0 | 53.05% |
| 2015 | 25.5 | 14.44% |
| 2014 | 22.2 | -1.61% |
| 2013 | 22.6 | -18.71% |
| 2012 | 27.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northeast Bank NBN | 7.58 | 25.13% | 🇺🇸 USA |
 National Bank Holdings
NBHC | 10.2 | 68.98% | 🇺🇸 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.