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CATY Cathay General Bancorp PE ratio, current and historical analysis

As of May 22, 2024, the Cathay General Bancorp stock's P/E ratio is 8.14. This takes into account the latest EPS of $4.55 and stock price of $37.05. The PE ratio has increased by 7% from its last 4 quarters average of 7.6.

CATY PE ratio history

How has CATY's PE ratio performed in the past

The PE ratio of Cathay General Bancorp has averaged 12.26 over the last ten years. The current price-to-earnings ratio of 8.14 is 34% 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.

Average
12.26
Median
11.39
Minimum
6.1
Maximum
19.26

Cathay General Bancorp PE ratio by year

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%

CATY average PE ratio chart

What is the average PE ratio of CATY for the past years

The current PE ratio of CATY is under its 3, 5 and 10-year averages.

3-year avg
9.05
5-year avg
9.37
10-year avg
12.26
15-year avg
13.36

CATY PE vs peers

What is CATY's PE ratio compared to its peers

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 11.52.

Stock name PE ratio Market cap
CATY Cathay General Bancorp 8.14 $2.7B
BSRR Sierra Bancorp 8.92 $316.44M
HTBK Heritage Commerce Corp 9.03 $509.04M
EWBC East West Bancorp Inc 9.37 $10.42B
CVBF Cvb Financial Corp 11.02 $2.34B
BMRC Bank of Marin Bancorp 19.27 $260.41M
PPBI Pacific Premier Bancorp Inc 164.64 $2.22B

Frequently asked questions

What is Cathay General Bancorp's PE ratio?

CATY stock has a price to earnings ratio of 8.14 as of May 22, 2024.

What is the 3-year average PE ratio for Cathay General Bancorp (CATY)?

As an average over the last 3 years, CATY stock has a PE ratio of 9.05.

What is the 5-year average PE ratio for Cathay General Bancorp (CATY)?

As an average over the last 5 years, CATY stock has a PE ratio of 9.37.

What is the highest PE ratio for CATY?

The highest quarterly PE ratio in the last ten years has been 19.26 and it was in the Dec 2017 quarter.

How does the current PE ratio for CATY compare to its historical average?

CATY's price to earnings ratio is currently 34% below its 10-year historical average.

Why is Cathay General Bancorp's PE ratio so low?

CATY's PE ratio of 8.14 is considered low because the company's stock price is trading at a lower multiple of earnings.

How is CATY's PE ratio calculated (Cathay General Bancorp PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 22, 2024), Cathay General Bancorp's share price is $37.05. 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 8.14. PE RATIO(8.14) = STOCK PRICE($37.05) / TTM EPS($4.55)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.