The P/E ratio for Independent Bank Group stock stands at 15.55 as of Apr 26, 2024. This is calculated based on the TTM EPS of $2.53 and the stock price of $39.34 per share. A decrease of 41% has been observed in the PE ratio compared to its average of 26.5 of the past four quarters.
Over the last ten years, the average PE ratio of Independent Bank Group has been 17.48. The current 15.55 price-to-earnings ratio is 11% less 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.
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% |
Currently, IBTX's PE ratio is above its 5-year average, but it is under its 3 and 10-year averages.
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 14.09.
| Stock name | PE ratio | Market cap |
|---|---|---|
| IBOC International Bancshares Corp | 8.51 | $3.51B |
| SBSI Southside Bancshares Inc | 10.13 | $825.26M |
| CFR Cullen/Frost Bankers Inc | 12.64 | $6.87B |
| PB Prosperity Bancshares Inc | 13.93 | $5.88B |
| IBTX Independent Bank Group Inc | 15.42 | $1.61B |
| TCBI Texas Capital Bancshares Inc | 17.5 | $2.72B |
| FFIN First Financial Bankshares Inc | 21.71 | $4.31B |
The price to earnings ratio for IBTX stock is 15.55 as of Apr 26, 2024.
As an average over the last 3 years, IBTX stock has a PE ratio of 18.13.
As an average over the last 5 years, IBTX stock has a PE ratio of 15.33.
The highest quarterly PE ratio in the last ten years has been 48.46 and it was in the Dec 2023 quarter.
The current PE ratio of IBTX is 11% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), Independent Bank Group's share price is $39.34. 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 15.55. PE RATIO(15.55) = STOCK PRICE($39.34) / TTM EPS($2.53)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.