EBC Eastern Bankshares PE ratio, current and historical analysis
As at Nov 22, 2024, the EBC stock has a PE ratio of 8.08. This is based on the current EPS of $2.33 and the stock price of $18.83 per share. An increase of 20% has been seen in the P/E ratio compared to the average of 6.7 of the last 4 quarters.
EBC PE ratio history
The mean historical PE ratio of Eastern Bankshares over the last four years is 27.1. The current 8.08 PE ratio is 70% below the historical average. Over the past four years, EBC's PE ratio was at its highest in the Dec 2020 quarter at 125.46, with a price of $16.31 and an EPS of $0.13. The Mar 2024 quarter recorded the bottom point at 4.82, with a price of $13.78 and an EPS of $2.86.
Eastern Bankshares PE ratio by year
Maximum annual decrease: -82.14% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.93 | -30.36% |
| 2022 | 14.26 | -36.37% |
| 2021 | 22.41 | -82.14% |
| 2020 | 125.46 | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
EBC average PE ratio chart
The current PE ratio of EBC is below the 3-year average.
EBC PE vs peers
EBC's PE ratio is lower than its peer stocks NRIM and NKSH.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EBC Eastern Bankshares Inc | 8.08 | $4.04B |
| NRIM Northrim Bancorp Inc | 14.95 | $486.92M |
| NKSH National Bankshares Inc | 21.95 | $203.81M |
Frequently asked questions
What is Eastern Bankshares's PE ratio?
EBC's price to earnings ratio is 8.08 as of Nov 22, 2024.
What is the 3-year average PE ratio for Eastern Bankshares (EBC)?
As an average over the last 3 years, EBC stock has a PE ratio of 13.51.
What is the highest PE ratio for EBC?
In the last four years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 125.46.
How does the current PE ratio for EBC compare to its historical average?
EBC's current price to earnings ratio is 70% below its 4-year historical average.
Why is Eastern Bankshares's PE ratio so low?
EBC's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
How is EBC's PE ratio calculated (Eastern Bankshares PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Nov 22, 2024), Eastern Bankshares's stock price is $18.83. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $2.33. Therefore, Eastern Bankshares's P/E ratio for today is 8.08. PE RATIO(8.08) = STOCK PRICE($18.83) / TTM EPS($2.33)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.