Associated BancCorp Trades at 9.63 P/E and 0.95 P/B Versus Peers
Associated BancCorp holds a Zacks Rank #2 with an A in Value, trading at a P/E of 9.63 versus the industry’s 10.68 and a P/B of 0.95 against 2.30. Its P/S ratio stands at 1.88 versus 2.32 industry average while P/CF is 16.15 compared to 16.18, underscoring a potential undervaluation.
1. Zacks Rank and Value Grade
Associated BancCorp holds a Zacks Rank #2 (Buy) and an A grade in the Value style score, highlighting its appeal to investors who prioritize undervalued stocks based on earnings estimate revisions and valuation metrics.
2. Price-to-Earnings Analysis
The bank's current P/E ratio stands at 9.63, below the industry average of 10.68, while its forward P/E ranged between 7.57 and 12.55 over the past year, with a median of 9.70, underscoring consistent cost-effective valuation.
3. Price-to-Book and Price-to-Sales Ratios
With a P/B ratio of 0.95 versus the industry average of 2.30, Associated BancCorp trades at a significant discount to book value. Its P/S ratio of 1.88 compares favorably to the sector's 2.32, reflecting robust revenue valuation.
4. Price-to-Cash-Flow Ratio
ASB's P/CF ratio is 16.15, marginally below the industry's 16.18 average, and has fluctuated between 9.52 and 16.60 over the last 12 months with a median of 14.19, indicating stable cash flow valuation.