Independent Bank Group
IBTX
#3775
Rank
NZ$4.51 B
Marketcap
$109.02
Share price
1.42%
Change (1 day)
78.43%
Change (1 year)

P/E ratio for Independent Bank Group (IBTX)

P/E ratio as of November 2024 (TTM): 39.0

According to Independent Bank Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.024. At the end of 2022 the company had a P/E ratio of 12.8.

P/E ratio history for Independent Bank Group from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.8-5.21%
202113.50.74%
202013.47.94%
201912.417.06%
201810.6-52.67%
201722.43.31%
201621.750.31%
201514.4-32.47%
201421.3-20.06%
201326.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
16.0-59.12%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5-70.43%๐Ÿ‡บ๐Ÿ‡ธ USA
13.3-65.97%๐Ÿ‡บ๐Ÿ‡ธ USA
27.7-28.97%๐Ÿ‡บ๐Ÿ‡ธ USA
11.3-71.03%๐Ÿ‡บ๐Ÿ‡ธ 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.