PE Ratio without NRI / 5-Year Book Value Growth Rate*
PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The growth rate we use for banks is the 5-Year Book Value growth rate. As of today, Macatawa Bank's PE Ratio without NRI is 11.30. Macatawa Bank's 5-Year Book Value growth rate is 7.20%. Therefore, Macatawa Bank's PEG Ratio for today is 1.57.
* The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Macatawa Bank's PEG Ratio or its related term are showing as below:
MCBC'
s PEG Ratio Range Over the Past 10 Years
Min: 0.67 Med: 1.16 Max: 3.42
Current: 1.57
During the past 13 years, Macatawa Bank's highest PEG Ratio was 3.42. The lowest was 0.67. And the median was 1.16.
MCBC's PEG Ratio is ranked worse than 52.92% of 1130
companies
in the Banks industry
Industry Median: 1.425
vs MCBC: 1.57
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Macatawa Bank PEG Ratio Historical Data
The historical data trend for Macatawa Bank's PEG Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Macatawa Bank's PEG Ratio
For the Banks - Regional subindustry, Macatawa Bank's PEG Ratio, along with its competitors' market caps and PEG Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Macatawa Bank's PEG Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Macatawa Bank's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Macatawa Bank's PEG Ratio falls into.
Macatawa Bank PEG Ratio Calculation
PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio.
The ratio we use is the 5-Year Book Value growth rate.
Macatawa Bank's PEG Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Note: The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Macatawa Bank (NAS:MCBC) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
Macatawa Bank PEG Ratio Related Terms
Thank you for viewing the detailed overview of Macatawa Bank's PEG Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Macatawa Bank (Macatawa Bank) Business Description
Macatawa Bank Corp is the United states based holding company of Macatawa Bank. The Bank operates in twenty-six branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It also provides a range of loan products to business customers, including commercial and industrial and commercial real estate loans, and to retail customers, including residential mortgage and consumer loans. In addition, other services provided by the company includes internet banking, debit cards services and brokerage services. The Company's primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments.
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