NEWT Newtek Business Services PE ratio, current and historical analysis
As of Nov 21, 2024, the Newtek Business Services stock's P/E ratio is 6.87. This takes into account the latest EPS of $2.05 and stock price of $14.08. The PE ratio has increased by 8% from its last 4 quarters average of 6.4.
NEWT PE ratio history
The PE ratio of Newtek Business Services has averaged 8.69 over the last nine years. The current price-to-earnings ratio of 6.87 is 21% less than the historical average. Analyzing the last nine years, NEWT's PE ratio reached its highest point in the Sep 2020 quarter at 12.46, when the price was $18.57 and the EPS was $1.49. The lowest point was recorded in the Dec 2015 quarter, when it reached 4.31 with a price of $14.32 and an EPS of $3.32.
Newtek Business Services PE ratio by year
Maximum annual increase: 96.29% in 2016
Maximum annual decrease: -39.82% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 7.3 | -39.82% |
| 2022 | 12.13 | 61.95% |
| 2021 | 7.49 | -39.5% |
| 2020 | 12.38 | 16.46% |
| 2019 | 10.63 | 16.43% |
| 2018 | 9.13 | 11.07% |
| 2017 | 8.22 | -2.84% |
| 2016 | 8.46 | 96.29% |
| 2015 | 4.31 | N/A |
| 2013 | N/A | N/A |
NEWT average PE ratio chart
Currently, NEWT's PE ratio is under its 3, 5 and 10-year averages.
NEWT PE vs peers
NEWT's PE ratio is below its peer stocks JPM and ARES.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NEWT Newtek Business Services Corp | 6.87 | $370.38M |
| JPM Jpmorgan Chase & Co | 13.59 | $689.08B |
| CBZ CBIZ Inc | 33.37 | $3.99B |
| ARES Ares Management Corp | 79.19 | $54.79B |
| RMAX RE/MAX Holdings Inc | N/A | $219.1M |
Frequently asked questions
What is Newtek Business Services's PE ratio?
NEWT's price to earnings ratio is 6.87 as of Nov 21, 2024.
What is the 3-year average PE ratio for Newtek Business Services (NEWT)?
The 3-year average PE ratio for NEWT stock is 8.25.
What is the 5-year average PE ratio for Newtek Business Services (NEWT)?
The 5-year average PE ratio for NEWT stock is 9.08.
What is the highest PE ratio for NEWT?
Over the last nine years, the Sep 2020 quarter recorded the highest quarterly PE ratio at 12.46.
How does the current PE ratio for NEWT compare to its historical average?
NEWT's price to earnings ratio is currently 21% below its 9-year historical average.
Why is Newtek Business Services's PE ratio so low?
NEWT's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
How is NEWT's PE ratio calculated (Newtek Business Services PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Nov 21, 2024), Newtek Business Services's share price is $14.08. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $2.05. Therefore, Newtek Business Services's price to earnings ratio for today is 6.87. PE RATIO(6.87) = STOCK PRICE($14.08) / TTM EPS($2.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.