P/E ratio for First Internet Bancorp (INBK)

P/E ratio history for First Internet Bancorp from 2006 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
First Merchants Corporation FRME	10.2	-65.59%	🇺🇸 USA
PNC Financial Services PNC	14.3	-52.00%	🇺🇸 USA
EverQuote EVER	-20.6	-169.24%	🇺🇸 USA
KeyCorp (KeyBank) KEY	15.5	-47.89%	🇺🇸 USA
The Bancorp TBBK	16.3	-45.21%	🇺🇸 USA
Bank of America BAC	12.9	-56.49%	🇺🇸 USA
Wells Fargo WFC	16.0	-46.13%	🇺🇸 USA
First Financial Bank FFBC	10.3	-65.49%	🇺🇸 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.