The current PE ratio for Valley National Bancorp stock as of Jul 25, 2024 is 9.49. This is calculated based on the current EPS of $0.85 and the stock price of $8.07 per share. The P/E ratio has increased by 10% from the past four quarters average of 8.6.
The average historical PE ratio of Valley National Bancorp for the last ten years is 14.31. The current PE ratio of 9.49 is 34% below the historical average. Over the past ten years, VLY's PE ratio was at its highest in the Mar 2018 quarter at 23.51, when the stock price was $12.46 and the EPS was $0.53. The lowest value was in the Jun 2023 quarter, when it reached 6.25 with a price of $7.75 and an EPS of $1.24.
Maximum annual increase: 35.24% in 2015
Maximum annual decrease: -38.78% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 11.43 | 15.22% |
| 2022 | 9.92 | -18.49% |
| 2021 | 12.17 | 17.36% |
| 2020 | 10.37 | -20.29% |
| 2019 | 13.01 | 9.88% |
| 2018 | 11.84 | -38.78% |
| 2017 | 19.34 | 4.65% |
| 2016 | 18.48 | -21.19% |
| 2015 | 23.45 | 35.24% |
| 2014 | 17.34 | 13.11% |
VLY's current P/E ratio is below the 3, 5 and 10-year averages.
Compared to its peers MTB and PGC, VLY's PE ratio stands lower, however it is higher than UNTY's. Valley National Bancorp's PE ratio is trading below the peer group average of 10.93.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UNTY Unity Bancorp Inc | 9.2 | $356.44M |
| VLY Valley National Bancorp | 9.68 | $4.19B |
| PKBK Parke Bancorp Inc | 10.2 | $239.14M |
| MTB M&T Bank Corp | 11.76 | $29.18B |
| PGC Peapack Gladstone Financial Corp | 13.12 | $512.73M |
| UEIC Universal Electronics Inc | N/A | $150.56M |
VLY's price to earnings ratio is 9.49 as of Jul 25, 2024.
The 3-year average PE ratio for VLY stock is 9.86.
The 5-year average PE ratio for VLY stock is 10.37.
In the last ten years, the Mar 2018 quarter recorded the highest quarterly PE ratio at 23.51.
The current price to earnings ratio of VLY is 34% lower than the 10-year historical average.
VLY's PE ratio of 9.49 is considered low because the company's stock price is trading at a lower multiple of earnings.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 25, 2024), Valley National Bancorp's stock price is $8.07. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.85. Therefore, Valley National Bancorp's P/E ratio for today is 9.49. PE RATIO(9.49) = STOCK PRICE($8.07) / TTM EPS($0.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.