The current PE ratio for SOUTH STATE stock as of May 6, 2024 is 13.04. This is calculated based on the current EPS of $6.16 and the stock price of $80.3 per share. The PE ratio has grown by 14% from the past four quarters average of 11.4.
The average historical PE ratio of SOUTH STATE for the last ten years is 18.14. The current P/E ratio of 13.04 is 28% lower than the historical average. In the past ten years, SSB's PE ratio peaked in the Dec 2020 quarter at 32.86, when the stock price was $72.3 and the EPS was $2.2. The lowest point was in the Jun 2023 quarter, when it reached 9.24 with a price of $65.8 and an EPS of $7.12.
Maximum annual increase: 104.61% in 2020
Maximum annual decrease: -63.94% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.99 | 13.15% |
| 2022 | 11.48 | -3.12% |
| 2021 | 11.85 | -63.94% |
| 2020 | 32.86 | 104.61% |
| 2019 | 16.06 | 31.32% |
| 2018 | 12.23 | -58.6% |
| 2017 | 29.54 | 42.64% |
| 2016 | 20.71 | 19.43% |
| 2015 | 17.34 | -19.61% |
| 2014 | 21.57 | -21.85% |
SSB's current P/E ratio is above the 3-year average, but it is lower than the 5 and 10-year averages.
In comparison to its peers GBCI and BHLB, SSB's PE ratio is lower, but it is higher than BUSE's and FFIC's. SOUTH STATE is presently trading at a lower PE ratio (13.04) than its peer group average of 14.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BUSE First Busey Corp | 10.61 | $1.29B |
| FFIC Flushing Financial Corp | 12.72 | $354.92M |
| SSB SOUTH STATE Corp | 13.09 | $6.14B |
| BHLB Berkshire Hills Bancorp Inc | 13.98 | $981.99M |
| GBCI Glacier Bancorp Inc | 18.99 | $4.33B |
As of May 6, 2024, SSB stock has a price to earnings ratio of 13.04.
The 3-year average price to earnings ratio for SSB stock is 11.79.
The 5-year average price to earnings ratio for SSB stock is 15.81.
Over the last ten years, the quarterly PE ratio reached a historic high of 32.86 in the Dec 2020 quarter.
The current price to earnings ratio of SSB is 28% lower than the 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 6, 2024), SOUTH STATE's stock price is $80.3. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $6.16. Therefore, SOUTH STATE's PE ratio for today is 13.04. PE RATIO(13.04) = STOCK PRICE($80.3) / TTM EPS($6.16)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.