SSBK Southern States Bancshares PE ratio, current and historical analysis
As of Feb 4, 2025, the SSBK stock has a PE ratio of 9.16. The calculation is based on the latest EPS of $3.59 and the stock price of $32.88 per share. An increase of 17% has been observed in the PE ratio compared to its average of 7.8 of the past four quarters.
SSBK PE ratio history
The mean historical PE ratio of Southern States Bancshares over the last four years is 8.42. The current 9.16 price-to-earnings ratio is 9% more than the historical average. Analyzing the last four years, SSBK's PE ratio reached its highest point in the Sep 2022 quarter at 11.85, with a price of $27.25 and an EPS of $2.3. The Jun 2023 quarter saw the lowest point at 5.48, with a price of $21.1 and an EPS of $3.85.
Southern States Bancshares PE ratio by year
Maximum annual increase: 8.55% in 2022
Maximum annual decrease: -14.15% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2023 | 8.07 | -14.15% | $29.28 | $3.63 |
| 2022 | 9.4 | 8.55% | $28.95 | $3.08 |
| 2021 | 8.66 | N/A | $19.57 | $2.26 |
| 2020 | N/A | N/A | N/A | $1.58 |
| 2019 | N/A | N/A | N/A | $0.82 |
Southern States Bancshares PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2024 | 8.56 | 12.93% | $30.73 | $3.59 |
| Jun 2024 | 7.58 | 7.37% | $27.14 | $3.58 |
| Mar 2024 | 7.06 | -12.52% | $25.92 | $3.67 |
| Dec 2023 | 8.07 | 36.78% | $29.28 | $3.63 |
| Sep 2023 | 5.9 | 7.66% | $22.59 | $3.83 |
| Jun 2023 | 5.48 | -16.21% | $21.1 | $3.85 |
| Mar 2023 | 6.54 | -30.43% | $22.55 | $3.45 |
| Dec 2022 | 9.4 | -20.68% | $28.95 | $3.08 |
| Sep 2022 | 11.85 | 11.69% | $27.25 | $2.3 |
| Jun 2022 | 10.61 | -6.6% | $22.49 | $2.12 |
| Mar 2022 | 11.36 | 31.18% | $23.07 | $2.03 |
| Dec 2021 | 8.66 | 3.1% | $19.57 | $2.26 |
| Sep 2021 | 8.4 | N/A | $19.07 | $2.27 |
| Jun 2021 | N/A | N/A | N/A | $2.1 |
| Mar 2021 | N/A | N/A | N/A | $1.97 |
SSBK average PE ratio chart
The current PE ratio of SSBK is higher than the 3-year average.
SSBK PE vs peers
When compared to its peer stocks NRIM and NKSH, SSBK's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SSBK Southern States Bancshares Inc | 9.16 | $325.01M |
| NRIM Northrim Bancorp Inc | 14.97 | $487.64M |
| NKSH National Bankshares Inc | 19.78 | $183.7M |
Frequently asked questions
What is Southern States Bancshares's PE ratio?
The price to earnings ratio for SSBK stock as of Feb 4, 2025, stands at 9.16.
What is the 3-year average PE ratio for Southern States Bancshares (SSBK)?
The 3-year average PE ratio for SSBK stock is 8.4.
What is the highest PE ratio for SSBK?
The highest quarterly PE ratio in the last four years has been 11.85 and it was in the Sep 2022 quarter.
How does the current PE ratio for SSBK compare to its historical average?
SSBK's current price to earnings ratio is 9% above its 4-year historical average.
Why is Southern States Bancshares's PE ratio so low?
SSBK's PE ratio of 9.16 is considered low because the company's stock price is trading at a lower multiple of earnings.
How is SSBK's PE ratio calculated (Southern States Bancshares PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Feb 4, 2025), Southern States Bancshares's share price is $32.88. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $3.59. Therefore, Southern States Bancshares's price to earnings ratio for today is 9.16. PE RATIO(9.16) = STOCK PRICE($32.88) / TTM EPS($3.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.