The current PE ratio for Amalgamated Financial stock as of Apr 29, 2024 is 8.44. This is calculated based on the current EPS of $2.88 and the stock price of $24.32 per share. The P/E ratio has an increase of 26% from the past four quarters average of 6.7.
The average historical PE ratio of Amalgamated Financial for the last six years is 9.24. The current PE ratio of 8.44 is 9% below the historical average. Over the past six years, AMAL's PE ratio was at its highest in the Dec 2018 quarter at 13.27, when the stock price was $19.5 and the EPS was $1.47. The lowest value was in the Jun 2023 quarter, when it reached 5.45 with a price of $16.09 and an EPS of $2.95.
Maximum annual increase: 7.1% in 2023
Maximum annual decrease: -28.89% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.35 | 7.1% |
| 2022 | 8.73 | -11.46% |
| 2021 | 9.86 | 6.25% |
| 2020 | 9.28 | -28.89% |
| 2019 | 13.05 | -1.66% |
| 2018 | 13.27 | N/A |
AMAL's current P/E ratio is below the 3 and 5-year averages.
AMAL's PE ratio is lower than its peer stocks NRIM and NKSH.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AMAL Amalgamated Financial Corp | 8.54 | $750.07M |
| NKSH National Bankshares Inc | 10.24 | $160.49M |
| NRIM Northrim Bancorp Inc | 10.46 | $260.68M |
The price to earnings ratio for AMAL stock is 8.44 as of Apr 29, 2024.
Over the last 3 years, the average price to earnings ratio for AMAL stock is 8.59.
Over the last 5 years, the average price to earnings ratio for AMAL stock is 8.99.
The highest quarterly PE ratio in the last six years has been 13.27 and it was in the Dec 2018 quarter.
The current price to earnings ratio of AMAL is 9% lower than the 6-year historical average.
AMAL's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Apr 29, 2024), Amalgamated Financial's stock price is $24.32. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.88. Therefore, Amalgamated Financial's P/E ratio for today is 8.44. PE RATIO(8.44) = STOCK PRICE($24.32) / TTM EPS($2.88)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.