ALRS Alerus Financial PE ratio, current and historical analysis
As of Jun 6, 2025, the Alerus Financial stock's PE ratio is 20.73. This takes into account the latest EPS of $1.03 and stock price of $21.35. The PE ratio marks a decrease of 64% from its last 4 quarters average of 57.1.
ALRS PE ratio history
The PE ratio of Alerus Financial has averaged 20.7 over the last six years. The current P/E ratio of 20.73 is similar to the historical average. Looking back at the last six years, ALRS's PE ratio peaked in the Sep 2024 quarter at 134.59, when the price was $22.88 and the EPS was $0.17. The lowest point was in the Sep 2020 quarter, when it reached 8.13 with a price of $19.6 and an EPS of $2.41.
Alerus Financial PE ratio history chart
Alerus Financial PE ratio by year
Maximum annual increase: 244.69% in 2023
Maximum annual decrease: -39.66% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 22.9 | -39.66% | $19.24 | $0.84 |
| 2023 | 37.95 | 244.69% | $22.39 | $0.59 |
| 2022 | 11.01 | 13.51% | $23.35 | $2.12 |
| 2021 | 9.7 | -8.92% | $29.28 | $3.02 |
| 2020 | 10.65 | -8.66% | $27.37 | $2.57 |
| 2019 | 11.66 | N/A | $22.85 | $1.96 |
| 2018 | N/A | N/A | N/A | $1.88 |
| 2017 | N/A | N/A | N/A | $1.1 |
| 2016 | N/A | N/A | N/A | $1.04 |
Alerus Financial PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 17.92 | -21.75% | $18.46 | $1.03 |
| Dec 2024 | 22.9 | -82.99% | $19.24 | $0.84 |
| Sep 2024 | 134.59 | 153.94% | $22.88 | $0.17 |
| Jun 2024 | 53 | 23.83% | $19.61 | $0.37 |
| Mar 2024 | 42.8 | 12.78% | $21.83 | $0.51 |
| Dec 2023 | 37.95 | 288.43% | $22.39 | $0.59 |
| Sep 2023 | 9.77 | 2.2% | $18.18 | $1.86 |
| Jun 2023 | 9.56 | 16.73% | $17.98 | $1.88 |
| Mar 2023 | 8.19 | -25.61% | $16.05 | $1.96 |
| Dec 2022 | 11.01 | 15.53% | $23.35 | $2.12 |
| Sep 2022 | 9.53 | 3.7% | $22.1 | $2.32 |
| Jun 2022 | 9.19 | -9.19% | $23.81 | $2.59 |
| Mar 2022 | 10.12 | 4.33% | $27.64 | $2.73 |
| Dec 2021 | 9.7 | -6.55% | $29.28 | $3.02 |
| Sep 2021 | 10.38 | 12.34% | $29.88 | $2.88 |
ALRS Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
ALRS average PE ratio chart
Currently, ALRS's PE ratio is lower than its 3 and 5-year averages.
PE vs average
ALRS PE vs peers
ALRS's PE ratio stands lower than its peer stock GBCI, but it is higher than COLB's and FULT's. Alerus Financial is currently trading at a higher PE ratio (20.73) than its peers average of 13.6.
| Stock name | PE ratio | Market cap |
|---|---|---|
| COLB Columbia Banking System Inc | 10.05 | $5.03B |
| FULT Fulton Financial Corp | 10.14 | $3.17B |
| BHB Bar Harbor Bankshares | 10.2 | $446.78M |
| CAC Camden National Corp | 12.55 | $668.14M |
| FIBK First Interstate Bancsystem Inc | 13.22 | $2.93B |
| SFNC Simmons First National Corp | 16.21 | $2.39B |
| ALRS Alerus Financial Corp | 20.73 | $541.56M |
| GBCI Glacier Bancorp Inc | 22.8 | $4.81B |
| WASH Washington Trust Bancorp Inc | N/A | $534.36M |
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Frequently asked questions
What is Alerus Financial's PE ratio?
ALRS stock has a price to earnings ratio of 20.73 as of Jun 6, 2025.
What is the 3-year average PE ratio for Alerus Financial (ALRS)?
Over the last 3 years, the average price to earnings ratio for ALRS stock is 30.53.
What is the 5-year average PE ratio for Alerus Financial (ALRS)?
Over the last 5 years, the average price to earnings ratio for ALRS stock is 22.23.
What is the highest PE ratio for ALRS?
Over the last six years, the quarterly PE ratio reached its highest level at 134.59 in the Sep 2024 quarter.
How does the current PE ratio for ALRS compare to its historical average?
ALRS's price to earnings ratio is currently 0.1% above its 6-year historical average.
How is ALRS's PE ratio calculated (Alerus Financial PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 6, 2025), Alerus Financial's share price is $21.35. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $1.03. Therefore, Alerus Financial's PE ratio for today is 20.73. PE RATIO(20.73) = STOCK PRICE($21.35) / TTM EPS($1.03)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.