CATY Cathay General Bancorp PE ratio, current and historical analysis
As of Oct 3, 2024, the Cathay General Bancorp stock's P/E ratio is 9.99. This takes into account the latest EPS of $4.18 and stock price of $41.77. The PE ratio has increased by 20% from its last 4 quarters average of 8.3.
CATY PE ratio history
The PE ratio of Cathay General Bancorp has averaged 12.03 over the last ten years. The current price-to-earnings ratio of 9.99 is 17% 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.
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
The current PE ratio of CATY is above its 3 and 5-year averages, but it is under its 10-year average.
CATY PE vs 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 11.34.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CATY Cathay General Bancorp | 9.99 | $3.01B |
| EWBC East West Bancorp Inc | 10.31 | $11.22B |
| BSRR Sierra Bancorp | 11.07 | $396.84M |
| HTBK Heritage Commerce Corp | 11.78 | $577.39M |
| CVBF Cvb Financial Corp | 12.2 | $2.52B |
| BMRC Bank of Marin Bancorp | N/A | $320.15M |
| PPBI Pacific Premier Bancorp Inc | N/A | $2.34B |
Frequently asked questions
What is Cathay General Bancorp's PE ratio?
CATY stock has a price to earnings ratio of 9.99 as of Oct 3, 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 8.67.
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 9.25.
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 17% below its 10-year historical average.
Why is Cathay General Bancorp's PE ratio so low?
CATY's PE ratio of 9.99 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 (Oct 3, 2024), Cathay General Bancorp's share price is $41.77. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $4.18. Therefore, Cathay General Bancorp's price to earnings ratio for today is 9.99. PE RATIO(9.99) = STOCK PRICE($41.77) / TTM EPS($4.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.