As at Apr 26, 2024, the BHLB stock has a price-to-earnings ratio of 13.73. This is based on the current EPS of $1.61 and the stock price of $22.1 per share. An increase of 24% has been recorded in the PE ratio compared to the average of 11.1 of the last four quarters.
The mean historical PE ratio of Berkshire Hills Bancorp over the last ten years is 16.15. The current 13.73 P/E ratio is 15% lower than the historical average. In the past ten years, BHLB's PE ratio peaked in the Dec 2017 quarter at 26.14, with a price of $36.6 and an EPS of $1.4. The Sep 2023 quarter marked the lowest point at 8.68, with a price of $20.05 and an EPS of $2.31.
Maximum annual increase: 41.6% in 2019
Maximum annual decrease: -55.13% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 15.42 | 4.68% |
| 2022 | 14.73 | 24.83% |
| 2021 | 11.8 | N/A |
| 2020 | N/A | N/A |
| 2019 | 16.61 | 41.6% |
| 2018 | 11.73 | -55.13% |
| 2017 | 26.14 | 34.05% |
| 2016 | 19.5 | 16.56% |
| 2015 | 16.73 | -14.64% |
| 2014 | 19.6 | 19.29% |
Currently, BHLB's PE ratio is higher than its 3 and 5-year historical averages, but it is lower than the 10-year average.
BHLB's PE ratio stands higher than its peer stocks BRKL and CBNK.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CBNK Capital Bancorp Inc | 7.65 | $272.23M |
| BRKL Brookline Bancorp Inc | 9.81 | $741.38M |
| BHLB Berkshire Hills Bancorp Inc | 13.73 | $964.1M |
BHLB stock has a price to earnings ratio of 13.73 as of Apr 26, 2024.
Over the last 3 years, the average price to earnings ratio for BHLB stock is 12.54.
Over the last 5 years, the average price to earnings ratio for BHLB stock is 13.35.
In the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 26.14.
BHLB's current price to earnings ratio is 15% below its 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 (Apr 26, 2024), Berkshire Hills Bancorp's stock price is $22.1. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.61. Therefore, Berkshire Hills Bancorp's PE ratio for today is 13.73. PE RATIO(13.73) = STOCK PRICE($22.1) / TTM EPS($1.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.