The current PE ratio for First Busey stock as of Sep 28, 2023 is 7.82. This is calculated based on the TTM EPS of $2.45 and the stock price of $19.16 per share. The PE ratio marks a decrease of 15% from its last 4 quarters average of 9.2.
The average historical PE ratio of First Busey for the last ten years is 14.8. The current P/E ratio of 7.82 is 47% lower than the historical average. Looking back at the last ten years, BUSE's PE ratio peaked in the Dec 2016 quarter at 21.68, when the price was $30.78 and the EPS was $1.42. The lowest point was in the Jun 2023 quarter, when it reached 8.2 with a price of $20.1 and an EPS of $2.45.
Maximum annual increase: 38.71% in 2016
Maximum annual decrease: -40.35% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 10.66 | -12.34% |
| 2021 | 12.16 | 3.84% |
| 2020 | 11.71 | -19.96% |
| 2019 | 14.63 | 20.41% |
| 2018 | 12.15 | -40.35% |
| 2017 | 20.37 | -6.04% |
| 2016 | 21.68 | 38.71% |
| 2015 | 15.63 | -11.14% |
| 2014 | 17.59 | -12.05% |
| 2013 | 20 | -5.39% |
The current PE ratio of BUSE is lower than its 3, 5 and 10-year averages.
In comparison to its peer stocks WTFC and OSBC, BUSE's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OSBC Old Second Bancorp Inc | 6.61 | $608.03M |
| MCBC Macatawa Bank Corp | 7.02 | $310.51M |
| WTFC Wintrust Financial Corp | 7.74 | $4.63B |
| BUSE First Busey Corp | 7.84 | $1.06B |
As of Sep 28, 2023, BUSE stock has a price to earnings ratio of 7.82.
Over the last 3 years, the average price to earnings ratio for BUSE stock is 10.53.
Over the last 5 years, the average price to earnings ratio for BUSE stock is 11.54.
Over the last ten years, the quarterly PE ratio reached its highest level at 21.68 in the Dec 2016 quarter.
The current PE ratio of BUSE is 47% lower than the 10-year historical average.
BUSE's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Sep 28, 2023), First Busey's share price is $19.16. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $2.45. Therefore, First Busey's PE ratio for today is 7.82. PE RATIO(7.82) = STOCK PRICE($19.16) / TTM EPS($2.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.