As of May 17, 2024, the Ofg Bancorp stock's PE ratio is 9.62. This results from the current EPS of $3.93 and stock price of $37.82. The P/E ratio marks an increase of 14% from the past four quarters average of 8.5.
The PE ratio of Ofg Bancorp has averaged 22.87 over the last ten years. The current PE ratio of 9.62 is 58% below the historical average. Over the past ten years, OFG's PE ratio was at its highest in the Mar 2016 quarter at 349.5, when the stock price was $6.99 and the EPS was $0.02. The lowest value was in the Mar 2023 quarter, when it reached 6.81 with a price of $24.94 and an EPS of $3.66.
Maximum annual increase: 147.92% in 2019
Maximum annual decrease: -45.25% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.74 | 22.21% |
| 2022 | 7.97 | -14.48% |
| 2021 | 9.32 | -33.67% |
| 2020 | 14.05 | -45.25% |
| 2019 | 25.66 | 147.92% |
| 2018 | 10.35 | -3.09% |
| 2017 | 10.68 | -16.04% |
| 2016 | 12.72 | N/A |
| 2015 | N/A | N/A |
| 2014 | 10.54 | 12.49% |
Currently, OFG's PE ratio is greater than its 3-year historical average, but it is below the 5 and 10-year averages.
Compared to its peer stocks WFC and USB, OFG's PE ratio stands lower. Ofg Bancorp's PE ratio is trading below the peer group average of 13.07.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OFG Ofg Bancorp | 9.62 | $1.78B |
| FBP First Bancorp | 10.22 | $3.01B |
| CFR Cullen/Frost Bankers Inc | 12.48 | $6.78B |
| RNST Renasant Corp | 12.58 | $1.74B |
| WFC Wells Fargo & Company | 12.59 | $212.94B |
| BPOP Popular Inc | 13.63 | $6.64B |
| USB Us Bancorp | 13.76 | $64.65B |
| BOKF Bok Financial Corp | 13.91 | $6.17B |
| BOH Bank Of Hawaii Corp | 15.42 | $2.37B |
OFG stock has a price to earnings ratio of 9.62 as of May 17, 2024.
The 3-year average PE ratio for OFG stock is 8.52.
The 5-year average PE ratio for OFG stock is 12.46.
Over the last ten years, the quarterly PE ratio reached a historic high of 349.5 in the Mar 2016 quarter.
OFG's price to earnings ratio is currently 58% below its 10-year historical average.
OFG's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 17, 2024), Ofg Bancorp's stock price is $37.82. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.93. Therefore, Ofg Bancorp's P/E ratio for today is 9.62. PE RATIO(9.62) = STOCK PRICE($37.82) / TTM EPS($3.93)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.