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IBTX Independent Bank Group PE ratio, current and historical analysis

The P/E ratio for Independent Bank Group stock stands at 22.3 as of Jul 23, 2024. This is calculated based on the TTM EPS of $2.53 and the stock price of $56.43 per share. A decrease of 16% has been observed in the PE ratio compared to its average of 26.5 of the past four quarters.

IBTX PE ratio history

How has IBTX's PE ratio performed in the past

Over the last ten years, the average PE ratio of Independent Bank Group has been 16.88. The current 22.3 price-to-earnings ratio is 32% more than the historical average. Analyzing the last ten years, IBTX's PE ratio reached its highest point in the Dec 2023 quarter at 48.46, with a price of $50.88 and an EPS of $1.05. The Mar 2020 quarter saw the lowest point at 5.09, with a price of $23.68 and an EPS of $4.65.

Average
16.88
Median
15.99
Minimum
5.09
Maximum
48.46

Independent Bank Group PE ratio by year

Maximum annual increase: 279.78% in 2023

Maximum annual decrease: -53.4% in 2018

Year PE ratio Change
2023 48.46 279.78%
2022 12.76 -7.67%
2021 13.82 3.21%
2020 13.39 7.72%
2019 12.43 17.6%
2018 10.57 -53.4%
2017 22.68 5.05%
2016 21.59 50.45%
2015 14.35 -31.67%
2014 21 -24.73%

IBTX average PE ratio chart

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

Currently, IBTX's PE ratio is above its 3, 5 and 10-year averages.

3-year avg
18.55
5-year avg
15.46
10-year avg
16.88
15-year avg
N/A

IBTX PE vs peers

What is IBTX's PE ratio compared to its peers

When compared to its peers FFIN and TCBI, IBTX's PE ratio is lower, but it is higher than CFR's and PB's. Independent Bank Group's PE ratio is trading above the peer average of 17.15.

Stock name PE ratio Market cap
IBOC International Bancshares Corp 10.3 $4.2B
SBSI Southside Bancshares Inc 11.93 $971.84M
CFR Cullen/Frost Bankers Inc 13.64 $7.41B
PB Prosperity Bancshares Inc 16.06 $6.67B
IBTX Independent Bank Group Inc 22.3 $2.34B
TCBI Texas Capital Bancshares Inc 24.13 $3.11B
FFIN First Financial Bankshares Inc 26.83 $5.37B

Frequently asked questions

What is Independent Bank Group's PE ratio?

The price to earnings ratio for IBTX stock is 22.3 as of Jul 23, 2024.

What is the 3-year average PE ratio for Independent Bank Group (IBTX)?

As an average over the last 3 years, IBTX stock has a PE ratio of 18.55.

What is the 5-year average PE ratio for Independent Bank Group (IBTX)?

As an average over the last 5 years, IBTX stock has a PE ratio of 15.46.

What is the highest PE ratio for IBTX?

The highest quarterly PE ratio in the last ten years has been 48.46 and it was in the Dec 2023 quarter.

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

The current PE ratio of IBTX is 32% higher than the 10-year historical average.

How is IBTX's PE ratio calculated (Independent Bank Group PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 23, 2024), Independent Bank Group's share price is $56.43. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.53. Therefore, Independent Bank Group's price to earnings ratio for today is 22.3. PE RATIO(22.3) = STOCK PRICE($56.43) / TTM EPS($2.53)

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