OCFC Oceanfirst Financial PE ratio, current and historical analysis
As at Nov 21, 2024, the OCFC stock has a price-to-earnings ratio of 11.51. This is based on the current EPS of $1.75 and the stock price of $20.14 per share. An increase of 15% has been recorded in the PE ratio compared to the average of 10.0 of the last four quarters.
OCFC PE ratio history
The mean historical PE ratio of Oceanfirst Financial over the last ten years is 14.98. The current 11.51 P/E ratio is 23% 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.
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
OCFC's current P/E ratio is above the 3 and 5-year averages, but it is lower than the 10-year average.
OCFC PE vs peers
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 | 11.51 | $1.18B |
| PFS Provident Financial Services Inc | 19.86 | $2.72B |
| NFBK Northfield Bancorp Inc | 20.78 | $570.62M |
| KRNY Kearny Financial Corp | N/A | $528.91M |
| THRD Third Harmonic Bio Inc | N/A | $515.92M |
Frequently asked questions
What is Oceanfirst Financial's PE ratio?
OCFC's price to earnings ratio is 11.51 as of Nov 21, 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 9.58.
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 11.36.
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 23% below its 10-year historical average.
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 (Nov 21, 2024), Oceanfirst Financial's stock price is $20.14. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $1.75. Therefore, Oceanfirst Financial's PE ratio for today is 11.51. PE RATIO(11.51) = STOCK PRICE($20.14) / TTM EPS($1.75)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.