As of Jul 25, 2024, the Cathay General Bancorp stock's P/E ratio is 9.88. This takes into account the latest EPS of $4.55 and stock price of $44.97. The PE ratio has increased by 30% from its last 4 quarters average of 7.6.
The PE ratio of Cathay General Bancorp has averaged 12.17 over the last ten years. The current price-to-earnings ratio of 9.88 is 19% less than the historical average. Analyzing the last ten years, CATY's PE ratio reached its highest point in the Dec 2017 quarter at 19.26, when the price was $42.17 and the EPS was $2.19. The lowest point was recorded in the Jun 2023 quarter, when it reached 6.1 with a price of $32.19 and an EPS of $5.28.
Maximum annual increase: 11.91% in 2017
Maximum annual decrease: -48.03% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.13 | 8.56% |
| 2022 | 8.41 | -25.44% |
| 2021 | 11.28 | 0.89% |
| 2020 | 11.18 | 2.57% |
| 2019 | 10.9 | 8.89% |
| 2018 | 10.01 | -48.03% |
| 2017 | 19.26 | 11.91% |
| 2016 | 17.21 | 9.83% |
| 2015 | 15.67 | 5.95% |
| 2014 | 14.79 | -20.31% |
The current PE ratio of CATY is above its 3 and 5-year averages, but it is under its 10-year average.
When compared to its peer stocks EWBC and CVBF, CATY's PE ratio is lower. Cathay General Bancorp's PE ratio is trading below the peer average of 14.89.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CATY Cathay General Bancorp | 9.95 | $3.3B |
| EWBC East West Bancorp Inc | 11.01 | $12.24B |
| HTBK Heritage Commerce Corp | 11.61 | $654.21M |
| BSRR Sierra Bancorp | 12.12 | $429.7M |
| CVBF Cvb Financial Corp | 13.18 | $2.8B |
| BMRC Bank of Marin Bancorp | 26.95 | $364.31M |
| PPBI Pacific Premier Bancorp Inc | 195.21 | $2.64B |
CATY stock has a price to earnings ratio of 9.88 as of Jul 25, 2024.
As an average over the last 3 years, CATY stock has a PE ratio of 8.86.
As an average over the last 5 years, CATY stock has a PE ratio of 9.31.
The highest quarterly PE ratio in the last ten years has been 19.26 and it was in the Dec 2017 quarter.
CATY's price to earnings ratio is currently 19% below its 10-year historical average.
CATY's PE ratio of 9.88 is considered low because the company's stock price is trading at a lower multiple of earnings.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), Cathay General Bancorp's share price is $44.97. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.55. Therefore, Cathay General Bancorp's price to earnings ratio for today is 9.88. PE RATIO(9.88) = STOCK PRICE($44.97) / TTM EPS($4.55)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.