P/E ratio for Israel Discount Bank (ISDAY)
P/E ratio as of June 2024 (TTM): 4.98
According to Israel Discount Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.97526. At the end of 2022 the company had a P/E ratio of 6.84.
P/E ratio history for Israel Discount Bank from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.84 | -20.09% |
| 2021 | 8.56 | -46.09% |
| 2020 | 15.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Wells Fargo WFC | 12.7 | 154.84% | 🇺🇸 USA |
 Southside Bancshares SBSI | 8.64 | 73.59% | 🇺🇸 USA |
 Signature Bank
SBNY | 0.1849 | -96.28% | 🇺🇸 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.