SSBK Southern States Bancshares PE ratio, current and historical analysis
As of May 22, 2025, the SSBK stock has a PE ratio of 8.99. The calculation is based on the latest EPS of $3.85 and the stock price of $34.61 per share. An increase of 4.6% has been observed in the PE ratio compared to its average of 8.6 of the past four quarters.
SSBK PE ratio history
The mean historical PE ratio of Southern States Bancshares over the last four years is 8.51. The current 8.99 price-to-earnings ratio is 6% 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: 10.9% in 2024
Maximum annual decrease: -14.15% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 8.95 | 10.9% | $33.31 | $3.72 |
| 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 |
|---|---|---|---|---|
| Mar 2025 | 9.29 | 3.8% | $35.75 | $3.85 |
| Dec 2024 | 8.95 | 4.56% | $33.31 | $3.72 |
| 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 |
SSBK Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
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 | 8.99 | $343.46M |
| NRIM Northrim Bancorp Inc | 11.43 | $482.25M |
| NKSH National Bankshares Inc | 18.82 | $165.26M |
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Frequently asked questions
What is Southern States Bancshares's PE ratio?
The price to earnings ratio for SSBK stock as of May 22, 2025, stands at 8.99.
What is the 3-year average PE ratio for Southern States Bancshares (SSBK)?
The 3-year average PE ratio for SSBK stock is 8.27.
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 6% above its 4-year historical average.
Why is Southern States Bancshares's PE ratio so low?
SSBK's PE ratio of 8.99 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 (May 22, 2025), Southern States Bancshares's share price is $34.61. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $3.85. Therefore, Southern States Bancshares's price to earnings ratio for today is 8.99. PE RATIO(8.99) = STOCK PRICE($34.61) / TTM EPS($3.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.