The PE ratio for Associated Banc-Corp stock stands at 6.55 as of Oct 2, 2023. This is calculated based on the TTM EPS of $2.55 and the stock price of $16.71 per share. A decrease of 19% has been observed in the PE ratio compared to its average of 8.1 of the past four quarters.
Over the last ten years, the average PE ratio of Associated Banc-Corp has been 12.87. The current 6.55 price-to-earnings ratio is 49% less than the historical average. Analyzing the last ten years, ASB's PE ratio reached its highest point in the Dec 2016 quarter at 19.45, with a price of $24.7 and an EPS of $1.27. The Jun 2020 quarter saw the lowest point at 6.36, with a price of $13.68 and an EPS of $2.15.
Maximum annual increase: 24.44% in 2016
Maximum annual decrease: -41.15% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 9.78 | -4.77% |
| 2021 | 10.27 | 12.61% |
| 2020 | 9.12 | -20.14% |
| 2019 | 11.42 | 10.77% |
| 2018 | 10.31 | -41.15% |
| 2017 | 17.52 | -9.92% |
| 2016 | 19.45 | 24.44% |
| 2015 | 15.63 | -1.82% |
| 2014 | 15.92 | 0.63% |
| 2013 | 15.82 | 20.58% |
The current PE ratio of ASB is under its 3, 5 and 10-year averages.
When compared to its peers WTFC and GBCI, ASB's PE ratio is lower, but it is higher than BPOP's. Associated Banc-Corp's PE ratio is trading below the peer average of 7.85.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BPOP Popular Inc | 4.45 | $4.36B |
| ASB Associated Banc-Corp | 6.45 | $2.48B |
| WTFC Wintrust Financial Corp | 7.4 | $4.43B |
| BUSE First Busey Corp | 7.61 | $1.03B |
| GBCI Glacier Bancorp Inc | 11.32 | $3.12B |
ASB stock has a price to earnings ratio of 6.55 as of Oct 2, 2023.
Over the last 3 years, the average PE ratio for ASB stock is 9.34.
Over the last 5 years, the average PE ratio for ASB stock is 9.27.
Over the last ten years, the quarterly PE ratio reached its highest level at 19.45 in the Dec 2016 quarter.
The current PE ratio of ASB is 49% lower than the 10-year historical average.
ASB's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Oct 2, 2023), Associated Banc-Corp's share price is $16.71. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $2.55. Therefore, Associated Banc-Corp's price to earnings ratio for today is 6.55. PE RATIO(6.55) = STOCK PRICE($16.71) / TTM EPS($2.55)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.