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Summit Financial Group PE Ratio

: 8.20 (As of Today)
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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 (2021-10-25), Summit Financial Group's share price is $25.67. Summit Financial Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $3.13. Therefore, Summit Financial Group's PE Ratio for today is 8.20.


The historical rank and industry rank for Summit Financial Group's PE Ratio or its related term are showing as below:

NAS:SMMF' s PE Ratio Range Over the Past 10 Years
Min: 5   Med: 10.21   Max: 28.73
Current: 8.21

5
28.73

During the past 13 years, the highest PE Ratio of Summit Financial Group was 28.73. The lowest was 5.00. And the median was 10.21.


NAS:SMMF's PE Ratio is ranked higher than
71% of the 861 Companies
in the Banks industry.

( Industry Median: 16.80 vs. NAS:SMMF: 8.21 )

Summit Financial Group's Earnings per Share (Diluted) for the three months ended in Jun. 2021 was $0.80. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $3.13.

As of today (2021-10-25), Summit Financial Group's share price is $25.67. Summit Financial Group's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $3.13. Therefore, Summit Financial Group's PE Ratio without NRI for today is 8.20.

During the past 13 years, Summit Financial Group's highest PE Ratio without NRI was 28.73. The lowest was 5.00. And the median was 10.21.

Summit Financial Group's EPS without NRI for the three months ended in Jun. 2021 was $0.80. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $3.13.

During the past 12 months, Summit Financial Group's average EPS without NRI Growth Rate was -4.70% per year. During the past 3 years, the average EPS without NRI Growth Rate was 34.10% per year. During the past 5 years, the average EPS without NRI Growth Rate was 13.90% per year.

During the past 13 years, Summit Financial Group's highest 3-Year average EPS without NRI Growth Rate was 71.30% per year. The lowest was -35.10% per year. And the median was 16.30% per year.

Summit Financial Group's EPS (Basic) for the three months ended in Jun. 2021 was $0.80. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2021 was $3.13.


Summit Financial Group PE Ratio Historical Data

The historical data trend for Summit Financial Group'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.

Summit Financial Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.10 26.32 8.54 10.71 9.16

Summit Financial Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 7.53 6.50 9.16 9.25 7.03

Competitive Comparison

For the Banks - Regional subindustry, Summit Financial Group'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.

   

Summit Financial Group PE Ratio Distribution

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

* The bar in red indicates where Summit Financial Group's PE Ratio falls into.



Summit Financial Group 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.

Summit Financial Group's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=25.67/3.130
=8.20

Summit Financial Group's Share Price of today is $25.67.
Summit Financial Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.13.

* 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 or PE Ratio (TTM), 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.


Summit Financial Group  (NAS:SMMF) 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.


Summit Financial Group PE Ratio Related Terms

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


Summit Financial Group Business Description

Summit Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6021
Traded in Other Exchanges
N/A
Address
300 North Main Street, Moorefield, WV, USA, 26836
Summit Financial Group Inc is a financial holding company. It provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley and Southwestern regions of Virginia. It provides a wide range of community banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; trust and wealth management services; and cash management services.
Executives
Bowling Ronald L director PO BOX 716 MULLENS WV 25882
Owens Patricia L officer: Ex. VP & Chief Banking Officer 9328 EAGEL CT MANASSAS PARK VA 20111
Hinkle Gary L director PO BOX 65 CIRCLEVILLE WV 26804
Piccirillo Charles director PO BOX 38 MADISON WV 25130
Jennings Scott C officer: EVP & COO PO BOX 438 MOOREFIELD WV 26836
Almond Kyle E director 546 MAPLE SUGAR ROAD HIGHTOWN VA 24465
Frye Patrick officer: Sr. VP & Chief of Credit Admin PO BOX 891 MOOREFIELD WV 26836
Maddy H Charles Iii director, officer: President & CEO 300 NORTH MAIN STREET MOOREFIELD WV 26836
Tissue Robert S officer: EVP & CFO PO BOX 1822 LEWISBURG WV 24901
Markwood Julie R officer: SVP & Chief Accounting Officer 39 HELMICK DRIVE PURGITSVILLE WV 26852
Ritchie Bradford E officer: President, Subsidiary Bank 119 CORNWALL LANE CHARLESTON WV 25314
Gianola John B director 5323 WESTBROOK DRIVE CHARLESTON WV 25313
Spencer Ronald B director PO BOX 143 SMITHBURG WV 26436
George Georgette R. director PO BOX 8523 CHARLESTON WV 25303
Hawse Thomas J Iii director PO BOX 179 MOOREFIELD WV 26836

Summit Financial Group Headlines

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