As at May 3, 2024, the OCFC stock has a price-to-earnings ratio of 9.04. This is based on the current EPS of $1.71 and the stock price of $15.45 per share. An increase of 10% has been recorded in the PE ratio compared to the average of 8.3 of the last four quarters.
The mean historical PE ratio of Oceanfirst Financial over the last ten years is 15.28. The current 9.04 P/E ratio is 41% lower than the historical average. In the past ten years, OCFC's PE ratio peaked in the Dec 2016 quarter at 30.03, with a price of $30.03 and an EPS of $1. The Jun 2023 quarter marked the lowest point at 6.4, with a price of $15.62 and an EPS of $2.44.
Maximum annual increase: 82.89% in 2016
Maximum annual decrease: -33.77% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.21 | 16.82% |
| 2022 | 8.74 | -29.52% |
| 2021 | 12.4 | -32.09% |
| 2020 | 18.26 | 26.54% |
| 2019 | 14.43 | -1.3% |
| 2018 | 14.62 | -26.5% |
| 2017 | 19.89 | -33.77% |
| 2016 | 30.03 | 82.89% |
| 2015 | 16.42 | 14.03% |
| 2014 | 14.4 | -19.28% |
OCFC's current P/E ratio is lower than the 3, 5 and 10-year averages.
In comparison to its peer stocks PFS and NFBK, OCFC's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OCFC Oceanfirst Financial Corp | 9.04 | $907.12M |
| PFS Provident Financial Services Inc | 9.67 | $1.18B |
| NFBK Northfield Bancorp Inc | 10.48 | $400.63M |
| KRNY Kearny Financial Corp | 19.86 | $371.16M |
| THRD Third Harmonic Bio Inc | N/A | $476.36M |
OCFC's price to earnings ratio is 9.04 as of May 3, 2024.
The average PE ratio for OCFC stock over the past 3 years is 10.01.
The average PE ratio for OCFC stock over the past 5 years is 11.65.
In the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 30.03.
OCFC's current price to earnings ratio is 41% below its 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 3, 2024), Oceanfirst Financial's stock price is $15.45. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.71. Therefore, Oceanfirst Financial's PE ratio for today is 9.04. PE RATIO(9.04) = STOCK PRICE($15.45) / TTM EPS($1.71)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.