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Parke Bancorp (Parke Bancorp) PE Ratio : 8.60 (As of Apr. 24, 2024)


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What is Parke Bancorp PE Ratio?

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-04-24), Parke Bancorp's share price is $16.60. Parke Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.93. Therefore, Parke Bancorp's PE Ratio for today is 8.60.

During the past 13 years, Parke Bancorp's highest PE Ratio was 18.90. The lowest was 4.04. And the median was 8.08.

Parke Bancorp's EPS (Diluted) for the three months ended in Dec. 2023 was $0.67. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.93.

As of today (2024-04-24), Parke Bancorp's share price is $16.60. Parke Bancorp's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $1.93. Therefore, Parke Bancorp's PE Ratio without NRI ratio for today is 8.61.

During the past 13 years, Parke Bancorp's highest PE Ratio without NRI was 21.83. The lowest was 4.00. And the median was 7.76.

Parke Bancorp's EPS without NRI for the three months ended in Dec. 2023 was $0.67. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $1.93.

During the past 12 months, Parke Bancorp's average EPS without NRI Growth Rate was -31.30% per year. During the past 3 years, the average EPS without NRI Growth Rate was -0.60% per year. During the past 5 years, the average EPS without NRI Growth Rate was 5.30% per year. During the past 10 years, the average EPS without NRI Growth Rate was 14.60% per year.

During the past 13 years, Parke Bancorp's highest 3-Year average EPS without NRI Growth Rate was 52.50% per year. The lowest was -0.60% per year. And the median was 13.75% per year.

Parke Bancorp's EPS (Basic) for the three months ended in Dec. 2023 was $0.68. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.96.

Back to Basics: PE Ratio


Parke Bancorp PE Ratio Historical Data

The historical data trend for Parke Bancorp's PE 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.

* Premium members only.

Parke Bancorp PE Ratio Chart

Parke Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.31 6.58 6.33 6.03 8.62

Parke Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.04 5.12 6.44 8.62 At Loss

Competitive Comparison of Parke Bancorp's PE Ratio

For the Banks - Regional subindustry, Parke Bancorp's PE Ratio, along with its competitors' market caps and PE 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.


Parke Bancorp's PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Parke Bancorp's PE Ratio distribution charts can be found below:

* The bar in red indicates where Parke Bancorp's PE Ratio falls into.



Parke Bancorp PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Parke Bancorp's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=16.60/1.930
=8.6

Parke Bancorp's Share Price of today is $16.60.
Parke Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.93.


* 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.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Parke Bancorp  (NAS:PKBK) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Parke Bancorp PE Ratio Related Terms

Thank you for viewing the detailed overview of Parke Bancorp's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Parke Bancorp (Parke Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
601 Delsea Drive, Washington Township, NJ, USA, 08080
Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.
Executives
Jeffrey H Kripitz director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Vito S Pantilione director, officer: President 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Nicholas J Pantilione officer: SVP & Chief Lending Officer 601 DELSEA DRIVE, SEWELL NJ 08080
Ralph Martin Gallo officer: Executive VP/COO 601 DELSEA DRIVE, SEWELL NJ 08080
Arret F Dobson director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Daniel J Dalton director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Celestino R Pennoni director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Paul E Palmieri officer: SVP & Chief Credit Officer 601 DELSEA DRIVE, SEWELL NJ 08080
Edward Infantolino director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Sheppard Jack C Jr director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
John S Kaufman officer: SVP and CFO 1902 LONG HILL ROAD, MILLINGTON NJ 07946
John F Hawkins officer: CFO/SVP 601 DELSEA DRIVE, SEWELL NJ 08080
Anthony J Jannetti director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Elizabeth A Milavsky officer: Chief Operating Officer/EVP 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Fred G Choate director 601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080

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