P/E ratio for TrustCo Bank (TRST)
P/E ratio as of June 2024 (TTM): 7.57
According to TrustCo Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.56557. At the end of 2022 the company had a P/E ratio of 9.56.
P/E ratio history for TrustCo Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.56 | -8.33% |
| 2021 | 10.4 | -15% |
| 2020 | 12.3 | -15.54% |
| 2019 | 14.5 | 34.85% |
| 2018 | 10.8 | -47.44% |
| 2017 | 20.5 | 4.44% |
| 2016 | 19.6 | 42.19% |
| 2015 | 13.8 | -11.25% |
| 2014 | 15.5 | -8.63% |
| 2013 | 17.0 | 28.9% |
| 2012 | 13.2 | -8.47% |
| 2011 | 14.4 | -13.33% |
| 2010 | 16.6 | -3.06% |
| 2009 | 17.2 | -18.77% |
| 2008 | 21.1 | 11.84% |
| 2007 | 18.9 | 2.8% |
| 2006 | 18.4 | 16.61% |
| 2005 | 15.8 | -13.02% |
| 2004 | 18.1 | -1.75% |
| 2003 | 18.4 | 15.83% |
| 2002 | 15.9 | -18.87% |
| 2001 | 19.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northfield Bancorp NFBK | 8.87 | 17.21% | 🇺🇸 USA |
 New York Community Bank
NYCB | 0.8275 | -89.06% | 🇺🇸 USA |
 Greene County Bancorp GCBC | 18.6 | 146.49% | 🇺🇸 USA |
 Carver Bancorp CARV | -1.57 | -120.75% | 🇺🇸 USA |
 Berkshire Hills Bancorp BHLB | 9.43 | 24.66% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.