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COFS (ChoiceOne Financial Services) PEG Ratio : 14.42 (As of Dec. 11, 2024)


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What is ChoiceOne Financial Services PEG Ratio?

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, ChoiceOne Financial Services's PE Ratio without NRI is 11.53. ChoiceOne Financial Services's 5-Year Book Value growth rate is 0.80%. Therefore, ChoiceOne Financial Services's PEG Ratio for today is 14.42.

* 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 ChoiceOne Financial Services's PEG Ratio or its related term are showing as below:

COFS' s PEG Ratio Range Over the Past 10 Years
Min: 0.8   Med: 2.55   Max: 14.41
Current: 14.41


During the past 13 years, ChoiceOne Financial Services's highest PEG Ratio was 14.41. The lowest was 0.80. And the median was 2.55.


COFS's PEG Ratio is ranked worse than
94.48% of 1159 companies
in the Banks industry
Industry Median: 1.65 vs COFS: 14.41

Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.


ChoiceOne Financial Services PEG Ratio Historical Data

The historical data trend for ChoiceOne Financial Services'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.

* Premium members only.

ChoiceOne Financial Services PEG Ratio Chart

ChoiceOne Financial Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PEG Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 1.52 0.95 2.51 -

ChoiceOne Financial Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PEG 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 - - - - -

Competitive Comparison of ChoiceOne Financial Services's PEG Ratio

For the Banks - Regional subindustry, ChoiceOne Financial Services'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.


ChoiceOne Financial Services's PEG Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ChoiceOne Financial Services's PEG Ratio distribution charts can be found below:

* The bar in red indicates where ChoiceOne Financial Services's PEG Ratio falls into.



ChoiceOne Financial Services 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.

ChoiceOne Financial Services's PEG Ratio for today is calculated as

PEG Ratio=PE Ratio without NRI/5-Year Book Value Growth Rate*
=11.534424205002/0.80
=14.42

* 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.


ChoiceOne Financial Services  (NAS:COFS) 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.


ChoiceOne Financial Services PEG Ratio Related Terms

Thank you for viewing the detailed overview of ChoiceOne Financial Services's PEG Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ChoiceOne Financial Services Business Description

Traded in Other Exchanges
N/A
Address
109 East Division Street, Sparta, MI, USA, 49345
ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.
Executives
Burke Michael J Jr director, officer: President 109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes officer: V.P. - ChoiceOne Insur. (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell director 109 EAST DIVISION STREET, SPARTA MI 49345
Greg L. Armock director 109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland officer: S.V.P. - ChoiceOne Bank (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Harold J Burns director 109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough director 109 EAST DIVISION STREET, SPARTA MI 49345
Keith D. Brophy director 109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon director 109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr director 109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling director 109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter director 109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis director 109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill director 109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford officer: VP-ChoiceOne Bank (Subsidiary) 109 EAST DIVISION STREET, SPARTA MI 49345