VersaBank (TSX:VBNK) Forward PE Ratio : 6.61 (As of May. 05, 2024)

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What is VersaBank Forward PE Ratio?

VersaBank's Forward PE Ratio for today is 6.61.

VersaBank's PE Ratio without NRI for today is 7.78.

VersaBank's PE Ratio for today is 7.78.

VersaBank Forward PE Ratio Historical Data

The historical data trend for VersaBank's Forward 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.

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VersaBank Forward PE Ratio Chart

VersaBank Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-04

2020-12

2021-12

2022-12

2023-12

2024-05

Forward PE Ratio

15.13

12.44

10.03

8.16

8.75

9.44

13.62

8.53

7.16

6.61

VersaBank Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	15.13	15.53	13.79	12.56	12.44	8.49	9.34	10.03	10.71	10.21	8.58	8.16	8.47	9.44	14.25	13.59	10.29	13.62	13.79	11.67	7.63	8.53	6.45	6.45	5.61	7.16	7.15

Competitive Comparison of VersaBank's Forward PE Ratio

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

VersaBank's Forward PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where VersaBank's Forward PE Ratio falls into.

VersaBank Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

VersaBank (TSX:VBNK) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income 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 .

VersaBank Forward PE Ratio Related Terms

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VersaBank (TSX:VBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (TSX:VBNK) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

VBNK:USA VBNK.PR.A.PFD:Canada

Address

140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2

Website

https://www.versabank.com

VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins, while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established a wholly-owned, subsidiary.