As at May 20, 2024, the IGIC stock has a price-to-earnings ratio of 5.32. This is based on the current EPS of $2.73 and the stock price of $14.53 per share. An increase of 16% has been recorded in the P/E ratio compared to the average of 4.6 of the last 4 quarters.
The mean historical PE ratio of International General Insurance Holdings over the last seven years is 71.87. The current 5.32 PE ratio is 93% below the historical average. In the past seven years, IGIC's PE ratio was at its highest in the Sep 2018 quarter at 1,025, with a price of $10.25 and an EPS of $0.01. The Jun 2023 quarter recorded the bottom point at 3.53, with a price of $8.94 and an EPS of $2.53.
Maximum annual increase: 38.24% in 2019
Maximum annual decrease: -47.76% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 4.99 | 15.51% |
| 2022 | 4.32 | -47.76% |
| 2021 | 8.27 | -39.59% |
| 2020 | 13.69 | -10.05% |
| 2019 | 15.22 | 38.24% |
| 2018 | 11.01 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
The current PE ratio of IGIC is lower than the 3 and 5-year averages.
IGIC's PE ratio is lower than its peer stocks PGR and ORI.
| Stock name | PE ratio | Market cap |
|---|---|---|
| IGIC International General Insurance Holdings Ltd | 5.32 | $673.31M |
| ORI Old Republic International Corp | 12.23 | $8.64B |
| PGR Progressive Corp | 21.12 | $121.23B |
| PLMR Palomar Holdings Inc | 23.46 | $2.08B |
| NODK NI Holdings Inc | 63.56 | $327.8M |
The price to earnings ratio for IGIC stock as of May 20, 2024, stands at 5.32.
The average PE ratio for IGIC stock over the past 3 years is 6.21.
The average PE ratio for IGIC stock over the past 5 years is 8.06.
Over the last seven years, the quarterly PE ratio reached a historic high of 1,025 in the Sep 2018 quarter.
IGIC's current price to earnings ratio is 93% below its 7-year historical average.
IGIC's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 20, 2024), International General Insurance Holdings's stock price is $14.53. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.73. Therefore, International General Insurance Holdings's P/E ratio for today is 5.32. PE RATIO(5.32) = STOCK PRICE($14.53) / TTM EPS($2.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.