The PE ratio for Provident Financial Services stock stands at 6.88 as of Oct 2, 2023. This is calculated based on the current EPS of $2.21 and the stock price of $15.21 per share. A decrease of 18% has been seen in the P/E ratio compared to the average of 8.4 of the last 4 quarters.
Over the last ten years, the average PE ratio of Provident Financial Services has been 13.62. The current 6.88 PE ratio is 49% below the historical average. Over the past ten years, PFS's PE ratio was at its highest in the Dec 2016 quarter at 20.51, with a price of $28.3 and an EPS of $1.38. The Jun 2023 quarter recorded the bottom point at 7.39, with a price of $16.34 and an EPS of $2.21.
Maximum annual increase: 35.38% in 2016
Maximum annual decrease: -28.21% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 9.09 | -17.44% |
| 2021 | 11.01 | -14.78% |
| 2020 | 12.92 | -8.82% |
| 2019 | 14.17 | 6.86% |
| 2018 | 13.26 | -28.21% |
| 2017 | 18.47 | -9.95% |
| 2016 | 20.51 | 35.38% |
| 2015 | 15.15 | 2.36% |
| 2014 | 14.8 | -5.79% |
| 2013 | 15.71 | 24.29% |
Currently, PFS's PE ratio is below the 3, 5 and 10-year averages.
PFS's PE ratio is lower than its peer stock KRNY, but it is greater than OCFC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OCFC Oceanfirst Financial Corp | 5.72 | $829.23M |
| PFS Provident Financial Services Inc | 6.75 | $1.13B |
| KRNY Kearny Financial Corp | 10.6 | $435.64M |
As of Oct 2, 2023, PFS stock has a price to earnings ratio of 6.88.
The 3-year average PE ratio for PFS stock is 10.27.
The 5-year average PE ratio for PFS stock is 10.99.
In the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 20.51.
The current price to earnings ratio of PFS is 49% lower than the 10-year historical average.
PFS's PE ratio of 6.88 is considered low because the company's stock price is trading at a lower multiple of earnings.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Oct 2, 2023), Provident Financial Services's stock price is $15.21. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $2.21. Therefore, Provident Financial Services's P/E ratio for today is 6.88. PE RATIO(6.88) = STOCK PRICE($15.21) / TTM EPS($2.21)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.