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OCFC Oceanfirst Financial PE ratio, current and historical analysis

As at Jun 14, 2024, the OCFC stock has a price-to-earnings ratio of 8.44. This is based on the current EPS of $1.71 and the stock price of $14.44 per share. An increase of 2.3% has been recorded in the PE ratio compared to the average of 8.3 of the last four quarters.

OCFC PE ratio history

How has OCFC's PE ratio performed in the past

The mean historical PE ratio of Oceanfirst Financial over the last ten years is 15.28. The current 8.44 P/E ratio is 45% 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.

Average
15.28
Median
14.39
Minimum
6.4
Maximum
30.03

Oceanfirst Financial PE ratio by year

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 average PE ratio chart

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

OCFC's current P/E ratio is lower than the 3, 5 and 10-year averages.

3-year avg
10.01
5-year avg
11.65
10-year avg
15.28
15-year avg
14.44

OCFC PE vs peers

What is OCFC's PE ratio compared to its peers

In comparison to its peers KRNY and NFBK, OCFC's PE ratio is lower, but it is higher than PFS's.

Stock name PE ratio Market cap
PFS Provident Financial Services Inc 8.3 $1.02B
OCFC Oceanfirst Financial Corp 8.44 $847.82M
NFBK Northfield Bancorp Inc 10.39 $345.44M
KRNY Kearny Financial Corp 21.48 $346.03M
THRD Third Harmonic Bio Inc N/A $545.86M

Frequently asked questions

What is Oceanfirst Financial's PE ratio?

OCFC's price to earnings ratio is 8.44 as of Jun 14, 2024.

What is the 3-year average PE ratio for Oceanfirst Financial (OCFC)?

The average PE ratio for OCFC stock over the past 3 years is 10.01.

What is the 5-year average PE ratio for Oceanfirst Financial (OCFC)?

The average PE ratio for OCFC stock over the past 5 years is 11.65.

What is the highest PE ratio for OCFC?

In the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 30.03.

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

OCFC's current price to earnings ratio is 45% below its 10-year historical average.

Why is Oceanfirst Financial's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

How is OCFC's PE ratio calculated (Oceanfirst Financial PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 14, 2024), Oceanfirst Financial's stock price is $14.44. 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 8.44. PE RATIO(8.44) = STOCK PRICE($14.44) / TTM EPS($1.71)

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