NBHC
National Bank Holdings
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: NBHC
- PE Ratio
The current PE ratio for National Bank Holdings stock as of Jul 31, 2026 is 16.06. This is calculated based on the TTM EPS of $2.69 and the stock price of $43.19 per share. The PE ratio has grown by 23% from its last 4 quarters average of 13.0.
NBHC PE ratio history
The average historical PE ratio of National Bank Holdings for the last ten years is 19.48. The current P/E ratio of 16.06 is 18% lower than the historical average. Looking back at the last ten years, NBHC's PE ratio peaked in the Mar 2018 quarter at 65.2, when the price was $33.25 and the EPS was $0.51. The lowest point was in the Sep 2023 quarter, when it reached 9.05 with a price of $29.76 and an EPS of $3.29.
National Bank Holdings PE ratio by year
Maximum annual increase: 73% in 2015
Maximum annual decrease: -74.29% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 13.29 | -4.32% | $38.01 | $2.86 |
| 2024 | 13.89 | 39.74% | $43.06 | $3.1 |
| 2023 | 9.94 | -48.01% | $37.19 | $3.74 |
| 2022 | 19.12 | 32.32% | $42.07 | $2.2 |
| 2021 | 14.45 | 26.64% | $43.94 | $3.04 |
| 2020 | 11.41 | -16.72% | $32.76 | $2.87 |
| 2019 | 13.7 | -11.27% | $35.22 | $2.57 |
| 2018 | 15.44 | -74.29% | $30.87 | $2 |
| 2017 | 60.06 | 52.55% | $32.43 | $0.54 |
| 2016 | 39.37 | -74.21% | $31.89 | $0.81 |
| 2015 | 152.64 | 73% | $21.37 | $0.14 |
| 2014 | 88.23 | -42.28% | $19.41 | $0.22 |
| 2013 | 152.86 | N/A | $21.4 | $0.14 |
| 2012 | N/A | N/A | $18.99 | -$0.01 |
| 2011 | N/A | N/A | N/A | $0.81 |
National Bank Holdings PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 14.56 | 9.56% | $39.16 | $2.69 |
| Dec 2025 | 13.29 | 9.02% | $38.01 | $2.86 |
| Sep 2025 | 12.19 | 0.83% | $38.64 | $3.17 |
| Jun 2025 | 12.09 | -8.41% | $37.61 | $3.11 |
| Mar 2025 | 13.2 | -4.97% | $38.27 | $2.9 |
| Dec 2024 | 13.89 | 6.6% | $43.06 | $3.1 |
| Sep 2024 | 13.03 | 10.8% | $42.1 | $3.23 |
| Jun 2024 | 11.76 | 14.06% | $39.05 | $3.32 |
| Mar 2024 | 10.31 | 3.72% | $36.07 | $3.5 |
| Dec 2023 | 9.94 | 9.83% | $37.19 | $3.74 |
| Sep 2023 | 9.05 | -11.19% | $29.76 | $3.29 |
| Jun 2023 | 10.19 | -19% | $29.04 | $2.85 |
| Mar 2023 | 12.58 | -34.21% | $33.46 | $2.66 |
| Dec 2022 | 19.12 | 31.32% | $42.07 | $2.2 |
| Sep 2022 | 14.56 | 1.61% | $36.99 | $2.54 |
NBHC Price vs fair value
NBHC average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of NBHC is higher than its 3 and 5-year averages, but it is lower than its 10-year average.
PE comparison
National Bank Holdings's price to earnings (P/E) of 16.06 is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 13.56, National Bank Holdings's price to earnings (P/E) is 18% higher.
NBHC PE vs peers
In comparison to its peers JPM and C, NBHC's PE ratio is lower, but it is higher than WFC's and USB's. National Bank Holdings's current PE ratio of 16.06 is higher than the average of its peers, which is 14.61.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ZION Zions Bancorporation N.A | 10.98 | $10.39B |
| UMBF Umb Financial Corp | 12.22 | $11.23B |
| WFC Wells Fargo & Company | 12.54 | $264.21B |
| EFSC Enterprise Financial Services Corp | 12.65 | $2.46B |
| USB U.S. Bancorp. | 13.36 | $98.9B |
| CBSH Commerce Bancshares Inc | 14.74 | $8.75B |
| C Citigroup Inc | 16.04 | $225.15B |
| NBHC National Bank Holdings Corp | 16.24 | $1.96B |
| JPM JPMorgan Chase & Company | 16.94 | $949.5B |
| GBCI Glacier Bancorp Inc | 23.44 | $6.53B |
Frequently asked questions
What is National Bank Holdings's PE ratio?
The price to earnings ratio for NBHC stock is 16.06 as of Jul 31, 2026.
What is the 3-year average PE ratio for National Bank Holdings (NBHC)?
As an average over the last 3 years, NBHC stock has a PE ratio of 12.12.
What is the 5-year average PE ratio for National Bank Holdings (NBHC)?
As an average over the last 5 years, NBHC stock has a PE ratio of 12.94.
What is the highest PE ratio for NBHC?
The highest quarterly PE ratio in the last ten years has been 65.2 and it was in the Mar 2018 quarter.
How does the current PE ratio for NBHC compare to its historical average?
The current PE ratio of NBHC is 18% lower than the 10-year historical average.
How is NBHC's PE ratio calculated (National Bank Holdings PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 31, 2026), National Bank Holdings's share price is $43.19. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.69. Therefore, National Bank Holdings's PE ratio for today is 16.06. PE RATIO(16.06) = STOCK PRICE($43.19) / TTM EPS($2.69)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.