P/E ratio for Northeast Bank (NBN)
P/E ratio as of May 2024 (TTM): 9.97
According to Northeast Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.97222. At the end of 2022 the company had a P/E ratio of 7.74.
P/E ratio history for Northeast Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.74 | 101.43% |
| 2021 | 3.84 | -41.31% |
| 2020 | 6.55 | -54.15% |
| 2019 | 14.3 | 70.7% |
| 2018 | 8.37 | -40.38% |
| 2017 | 14.0 | 3.89% |
| 2016 | 13.5 | 0.32% |
| 2015 | 13.5 | -42.75% |
| 2014 | 23.5 | -16.55% |
| 2013 | 28.2 | 13.94% |
| 2012 | 24.7 | -28.89% |
| 2011 | 34.8 | 869.22% |
| 2010 | 3.59 | -72.4% |
| 2009 | 13.0 | 11.79% |
| 2008 | 11.6 | -37.98% |
| 2007 | 18.8 | 10.93% |
| 2006 | 16.9 | 22.54% |
| 2005 | 13.8 | -19.04% |
| 2004 | 17.0 | 31.53% |
| 2003 | 13.0 | 23.53% |
| 2002 | 10.5 | 15.6% |
| 2001 | 9.07 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 9.20 | -7.79% | 🇺🇸 USA |
 Union Bankshares UNB | 8.29 | -16.84% | 🇺🇸 USA |
 Independent Bank Corp (Massachusetts) INDB | 9.05 | -9.24% | 🇺🇸 USA |
 First Bancorp FNLC | 8.33 | -16.48% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 7.55 | -24.30% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 9.19 | -7.82% | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 8.81 | -11.67% | 🇺🇸 USA |
 Camden National Bank
CAC | 9.65 | -3.25% | 🇺🇸 USA |
 Berkshire Hills Bancorp BHLB | 10.1 | 1.40% | 🇺🇸 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.