FNWD Finward Bancorp PE ratio, current and historical analysis
The PE ratio for Finward Bancorp stock stands at 37.4 as of May 29, 2025. The calculation is based on the latest EPS of $0.78 and the stock price of $29.17 per share. An increase of 124% has been observed in the PE ratio compared to its average of 16.7 of the last four quarters.
FNWD PE ratio history
Over the last ten years, the average PE ratio of Finward Bancorp has been 11.45. The current 37.4 P/E ratio is similar to the historical average. Looking back at the last ten years, FNWD's PE ratio peaked in the Mar 2025 quarter at 37.31, with a price of $29.1 and an EPS of $0.78. The Mar 2024 quarter marked the lowest point at 6.78, with a price of $24.6 and an EPS of $3.63.
Finward Bancorp PE ratio history chart
Finward Bancorp PE ratio by year
Maximum annual increase: 35.92% in 2021
Maximum annual decrease: -58.47% in 2010
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 9.86 | -23.45% | $28.11 | $2.85 |
| 2023 | 12.88 | 28.41% | $25.24 | $1.96 |
| 2022 | 10.03 | -6% | $36.2 | $3.61 |
| 2021 | 10.67 | 35.92% | $45.88 | $4.3 |
| 2020 | 7.85 | -39.62% | $36.1 | $4.6 |
| 2019 | 13 | -4.13% | $45.9 | $3.53 |
| 2018 | 13.56 | -4.64% | $43 | $3.17 |
| 2017 | 14.22 | 17.13% | $44.5 | $3.13 |
| 2016 | 12.14 | 8.39% | $38.85 | $3.2 |
| 2015 | 11.2 | 9.91% | $30.8 | $2.75 |
| 2014 | 10.19 | 1.9% | $26.5 | $2.6 |
| 2013 | 10 | 26.1% | $25 | $2.5 |
| 2012 | 7.93 | 4.62% | $19.1 | $2.41 |
| 2011 | 7.58 | -6.88% | $14.4 | $1.9 |
| 2010 | 8.14 | -58.47% | $14.9 | $1.83 |
Finward Bancorp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 37.31 | 278.4% | $29.1 | $0.78 |
| Dec 2024 | 9.86 | -16.44% | $28.11 | $2.85 |
| Sep 2024 | 11.8 | 48.61% | $31.98 | $2.71 |
| Jun 2024 | 7.94 | 17.11% | $24.52 | $3.09 |
| Mar 2024 | 6.78 | -47.36% | $24.6 | $3.63 |
| Dec 2023 | 12.88 | 47.88% | $25.24 | $1.96 |
| Sep 2023 | 8.71 | 22.33% | $22.13 | $2.54 |
| Jun 2023 | 7.12 | -12.85% | $22 | $3.09 |
| Mar 2023 | 8.17 | -18.54% | $29.1 | $3.56 |
| Dec 2022 | 10.03 | 5.91% | $36.2 | $3.61 |
| Sep 2022 | 9.47 | -10.58% | $34.01 | $3.59 |
| Jun 2022 | 10.59 | -19.1% | $37.49 | $3.54 |
| Mar 2022 | 13.09 | 22.68% | $46.21 | $3.53 |
| Dec 2021 | 10.67 | 12.08% | $45.88 | $4.3 |
| Sep 2021 | 9.52 | -1.35% | $41.05 | $4.31 |
FNWD Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
FNWD average PE ratio chart
The current PE ratio of FNWD is higher than its 3, 5 and 10-year averages.
PE vs average
FNWD PE vs peers
FNWD's PE ratio stands lower than its peer stock TCBI, but it is higher than HBAN's and PNFP's. Finward Bancorp's current PE ratio of 37.4 is similar to the average of its peers, which is 11.51.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ZION Zions Bancorporation National Association | 9.25 | $6.99B |
| WAL Western Alliance Bancorporation | 9.87 | $7.99B |
| FULT Fulton Financial Corp | 10.03 | $3.14B |
| CMA Comerica Inc | 10.72 | $7.51B |
| BOKF Bok Financial Corp | 10.84 | $6.07B |
| FNB Fnb Corp | 11 | $4.99B |
| HBAN Huntington Bancshares Inc | 11.92 | $22.74B |
| ONB Old National Bancorp | 11.98 | $6.66B |
| PNFP Pinnacle Financial Partners Inc | 17.1 | $8.25B |
| FNWD Finward Bancorp | 37.82 | $127.6M |
| TCBI Texas Capital Bancshares Inc | 41.2 | $3.29B |
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Frequently asked questions
What is Finward Bancorp's PE ratio?
As of May 29, 2025, FNWD stock has a price to earnings ratio of 37.4.
What is the 3-year average PE ratio for Finward Bancorp (FNWD)?
The 3-year average price to earnings ratio for FNWD stock is 11.72.
What is the 5-year average PE ratio for Finward Bancorp (FNWD)?
The 5-year average price to earnings ratio for FNWD stock is 10.77.
What is the highest PE ratio for FNWD?
Within the last ten years, the current PE ratio is at its peak with a value of 37.4.
How does the current PE ratio for FNWD compare to its historical average?
FNWD's current price to earnings ratio is 227% above its 10-year historical average.
How is FNWD's PE ratio calculated (Finward Bancorp PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 29, 2025), Finward Bancorp's share price is $29.17. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $0.78. Therefore, Finward Bancorp's PE ratio for today is 37.4. PE RATIO(37.4) = STOCK PRICE($29.17) / TTM EPS($0.78)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.