The PE ratio for Prosperity Bancshares stock stands at 14.09 as of Apr 26, 2024. This is calculated based on the current EPS of $4.51 and the stock price of $63.55 per share. An increase of 19% has been recorded in the PE ratio compared to the average of 11.8 of the last four quarters.
Over the last ten years, the average PE ratio of Prosperity Bancshares has been 13.62. The current 14.09 P/E ratio is 3.5% higher than the historical average. In the past ten years, PB's PE ratio peaked in the Dec 2016 quarter at 18.22, with a price of $71.78 and an EPS of $3.94. The Sep 2020 quarter marked the lowest point at 10.03, with a price of $51.83 and an EPS of $5.17.
Maximum annual increase: 55.73% in 2016
Maximum annual decrease: -26.04% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 15.02 | 18.45% |
| 2022 | 12.68 | -1.78% |
| 2021 | 12.91 | 5.73% |
| 2020 | 12.21 | -23.21% |
| 2019 | 15.9 | 17.69% |
| 2018 | 13.51 | -24.44% |
| 2017 | 17.88 | -1.87% |
| 2016 | 18.22 | 55.73% |
| 2015 | 11.7 | -8.67% |
| 2014 | 12.81 | -26.04% |
Currently, PB's PE ratio is above the 3, 5 and 10-year averages.
PB's PE ratio stands lower than its peer stocks FFIN and TCBI, but it is higher than CFR's and IBOC's. Prosperity Bancshares's current PE ratio of 14.09 is similar to the average of its peer group, which is 14.26.
| Stock name | PE ratio | Market cap |
|---|---|---|
| IBOC International Bancshares Corp | 8.47 | $3.49B |
| SBSI Southside Bancshares Inc | 10.14 | $825.86M |
| CFR Cullen/Frost Bankers Inc | 12.66 | $6.88B |
| PB Prosperity Bancshares Inc | 14.09 | $5.94B |
| IBTX Independent Bank Group Inc | 15.55 | $1.63B |
| TCBI Texas Capital Bancshares Inc | 17.36 | $2.7B |
| FFIN First Financial Bankshares Inc | 21.84 | $4.33B |
The price to earnings ratio for PB stock is 14.09 as of Apr 26, 2024.
The 3-year average price to earnings ratio for PB stock is 12.25.
The 5-year average price to earnings ratio for PB stock is 12.47.
The highest quarterly PE ratio in the last ten years has been 18.22 and it was in the Dec 2016 quarter.
The current price to earnings ratio of PB is 3.5% higher than the 10-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 26, 2024), Prosperity Bancshares's stock price is $63.55. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $4.51. Therefore, Prosperity Bancshares's PE ratio for today is 14.09. PE RATIO(14.09) = STOCK PRICE($63.55) / TTM EPS($4.51)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.