As at May 2, 2024, the CAC stock has a PE ratio of 10.78. This is based on the current EPS of $2.98 and the stock price of $32.13 per share. An increase of 12% has been seen in the P/E ratio compared to the average of 9.6 of the last 4 quarters.
The mean historical PE ratio of Camden National over the last ten years is 12.92. The current 10.78 PE ratio is 17% below the historical average. Over the past ten years, CAC's PE ratio was at its highest in the Dec 2017 quarter at 23.02, with a price of $42.13 and an EPS of $1.83. The Sep 2020 quarter recorded the bottom point at 8.08, with a price of $30.23 and an EPS of $3.74.
Maximum annual increase: 40.07% in 2015
Maximum annual decrease: -54.04% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.63 | 26.68% |
| 2022 | 9.97 | -4.32% |
| 2021 | 10.42 | 15.27% |
| 2020 | 9.04 | -27.39% |
| 2019 | 12.45 | 17.67% |
| 2018 | 10.58 | -54.04% |
| 2017 | 23.02 | 34.15% |
| 2016 | 17.16 | 1% |
| 2015 | 16.99 | 40.07% |
| 2014 | 12.13 | -13.48% |
CAC's current P/E ratio is above the 3 and 5-year historical averages, but it is below the 10-year average.
Compared to its peer stocks WBS and INDB, CAC's PE ratio stands higher. Camden National's PE ratio is trading above the peer group average of 8.86.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EBTC Enterprise Bancorp Inc | 7.95 | $303.41M |
| FNLC First Bancorp Inc | 8.5 | $253.54M |
| BHB Bar Harbor Bankshares | 8.79 | $395.11M |
| WBS Webster Financial Corp | 9.12 | $7.69B |
| WASH Washington Trust Bancorp Inc | 9.35 | $449.34M |
| INDB Independent Bank Corp | 9.47 | $2.18B |
| CAC Camden National Corp | 10.78 | $468.03M |
CAC stock has a price to earnings ratio of 10.78 as of May 2, 2024.
As an average over the last 3 years, CAC stock has a PE ratio of 9.97.
As an average over the last 5 years, CAC stock has a PE ratio of 10.18.
In the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 23.02.
CAC's current price to earnings ratio is 17% below its 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 2, 2024), Camden National's stock price is $32.13. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.98. Therefore, Camden National's P/E ratio for today is 10.78. PE RATIO(10.78) = STOCK PRICE($32.13) / TTM EPS($2.98)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.