GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Commonwealth Financial Corp (NYSE:FCF) » Definitions » PE Ratio

FCF (First Commonwealth Financial) PE Ratio : 11.44 (As of Oct. 31, 2024)


View and export this data going back to 1992. Start your Free Trial

What is First Commonwealth Financial 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 (2024-10-31), First Commonwealth Financial's share price is $16.88. First Commonwealth Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.48. Therefore, First Commonwealth Financial's PE Ratio for today is 11.44.

During the past 13 years, First Commonwealth Financial's highest PE Ratio was 26.10. The lowest was 7.93. And the median was 12.98.

First Commonwealth Financial's EPS (Diluted) for the three months ended in Jun. 2024 was $0.36. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.48.

As of today (2024-10-31), First Commonwealth Financial's share price is $16.88. First Commonwealth Financial's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was $1.48. Therefore, First Commonwealth Financial's PE Ratio without NRI ratio for today is 11.41.

During the past 13 years, First Commonwealth Financial's highest PE Ratio without NRI was 22.47. The lowest was 7.62. And the median was 12.49.

First Commonwealth Financial's EPS without NRI for the three months ended in Jun. 2024 was $0.36. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was $1.48.

During the past 12 months, First Commonwealth Financial's average EPS without NRI Growth Rate was 0.30% per year. During the past 3 years, the average EPS without NRI Growth Rate was 28.70% per year. During the past 5 years, the average EPS without NRI Growth Rate was 10.20% per year. During the past 10 years, the average EPS without NRI Growth Rate was 13.40% per year.

During the past 13 years, First Commonwealth Financial's highest 3-Year average EPS without NRI Growth Rate was 128.10% per year. The lowest was -62.80% per year. And the median was 7.80% per year.

First Commonwealth Financial's EPS (Basic) for the three months ended in Jun. 2024 was $0.36. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.48.

Back to Basics: PE Ratio


First Commonwealth Financial PE Ratio Historical Data

The historical data trend for First Commonwealth Financial'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.

First Commonwealth Financial PE Ratio Chart

First Commonwealth Financial 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 13.56 14.59 11.17 10.20 10.03

First Commonwealth Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 8.25 10.03 8.67 8.93 At Loss

Competitive Comparison of First Commonwealth Financial's PE Ratio

For the Banks - Regional subindustry, First Commonwealth Financial'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.


First Commonwealth Financial's PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where First Commonwealth Financial's PE Ratio falls into.



First Commonwealth Financial 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.

First Commonwealth Financial's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=16.88/1.476
=11.44

First Commonwealth Financial's Share Price of today is $16.88.
First Commonwealth Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.48.


* 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.


First Commonwealth Financial  (NYSE:FCF) 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.


First Commonwealth Financial PE Ratio Related Terms

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


First Commonwealth Financial Business Description

Traded in Other Exchanges
N/A
Address
601 Philadelphia Street, Indiana, PA, USA, 15701
First Commonwealth Financial Corp functions in the financial services sector in the United States. Through its subsidiary, it offers a range of consumer and commercial banking services such as personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, investment certificates, fixed & variable rate certificates of deposit, and various kinds of loans. It also provides trust and wealth management services and offers insurance products. The company earns the majority of its revenue through net interest income.
Executives
Brian G Karrip officer: EVP/Chief Credit Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Carrie L Riggle officer: EVP/Human Resources 601 PHILADELPHIA STREET, INDIANA PA 15701
Ray T Charley director 22 N 6TH ST, INDIANA PA 15701
Patricia A. Husic director 601 PHILADELPHIA STREET, INDIANA PA 15701
Matthew C Tomb officer: EVP/Chief Risk Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Norman J Montgomery officer: EVP/Business Integration 601 PHILADELPHIA STREET, INDIANA PA 15701
James R Reske officer: EVP/Chief Financial Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Leonard V Lombardi officer: EVP/Chief Audit Executive 601 PHILADELPHIA STREET, INDIANA PA 15701
T Michael Price director, officer: President & CEO 601 PHILADELPHIA STREET, INDIANA PA 15701
Robert J Ventura director 601 PHILADELPHIA STREET, INDIANA PA 15701
Gary R Claus director 601 PHILADELPHIA STREET, INDIANA PA 15701
Jane Grebenc director, officer: EVP/Chief Revenue Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Stephen A Wolfe director 601 PHILADELPHIA STREET, INDIANA PA 15701
Aradhna M Oliphant director 601 PHILADELPHIA STREET, INDIANA PA 15701
David W Greenfield director 601 PHILADELHIA STREET, INDIANA PA 15701