Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 11.94 is in line with its 5-year average of 12.53, around the middle of its 5-year range (6.31–18.95).
As of 2026-10-06T17:10:50.376Z. 13.68% below its 12-month average of 13.83.
Calculation as of: 2026-10-06T17:10:50.376Z.
Quote observation: 2026-10-06T17:10:16.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: a50057e262bb0c5f92e8be4ee740c45f2ef204f57f13b976f30748f7050768cb
PE Ratio (11.94) = Close Price ($37.26) / Diluted TTM EPS ($3.12)
PE RATIO
11.94
PE RATIO AVG TTM
13.83
PE RATIO AVG 3Y
14.31
PE RATIO AVG 5Y
12.53
PE RATIO AVG 10Y
13.96
PE RATIO AVG 15Y
14.61
PE RATIO AVG 20Y
14.74
CURRENT VS TTM AVG
-13.68%
CURRENT VS 3Y AVG
-16.54%
CURRENT VS 5Y AVG
-4.69%
CURRENT VS 10Y AVG
-14.48%
CURRENT VS 15Y AVG
-18.26%
CURRENT VS 20Y AVG
-18.99%
SECTOR MEDIAN · FINANCIAL SERVICES
13.86
median of 498 covered companies
CURRENT VS SECTOR MEDIAN
-13.85%
vs the sector median at left
Arrow Financial Corporation
Market Cap
$615.84M
PE Ratio
11.94
TTM Avg
13.83
3Y Avg
14.31
5Y Avg
12.53
Market Cap
$618.52M
PE Ratio
9.45
TTM Avg
12.02
3Y Avg
16.28
5Y Avg
14.95
Market Cap
$609.70M
PE Ratio
N/A
TTM Avg
4879.30
3Y Avg
3665.09
5Y Avg
1467.64
Market Cap
$630.26M
PE Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$594.34M
PE Ratio
10.72
TTM Avg
9.58
3Y Avg
9.15
5Y Avg
8.51
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arrow Financial Corporation (AROW) | $615.84M | 11.94 | 13.83 | 14.31 | 12.53 |
| Gladstone Investment Corp. (GAIN)vs › | $617.84M | 3.71 | 4.62 | 6.72 | 7.26 |
| Hingham Institution for Savings (HIFS)vs › | $618.52M | 9.45 | 12.02 | 16.28 | 14.95 |
| Forward Industries, Inc. (FWDI)vs › | $609.70M | N/A | 4879.30 | 3665.09 | 1467.64 |
| American Bitcoin Corp (ABTC)vs › | $623.07M | N/A | 0.17 | 0.17 | 0.17 |
| SLR Investment Corp. (SLRC)vs › | $627.11M | 8.51 | 8.80 | 9.28 | 20.32 |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $630.26M | N/A | N/A | N/A | N/A |
| Hypoport SE (HYPOF)vs › | $630.67M | 18.99 | 44.90 | 64.29 | 69.82 |
| First Business Financial Services, Inc. (FBIZ)vs › | $594.34M | 10.72 | 9.58 | 9.15 | 8.51 |
| Coastal Financial Corporation (CCB)vs › | $637.25M | N/A | 28.99 | 22.38 | 20.63 |
At 11.9, P/E is below its 20-year median — higher than 13% of readings in its 20-year history.
20-year low
6.3
median
14.8
20-year high
22.4
Trailing P/E
11.9
Forward P/E
10.6
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$37.26
Forward EPS (Est.)
$3.51
Forward P/E
10.61
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PE RATIO |
|---|---|
| 2026-10-05 | 11.98 |
| 2026-10-02 | 12.11 |
| 2026-10-01 | 11.95 |
| 2026-09-30 | 11.81 |
| 2026-09-29 | 11.96 |
| 2026-09-28 | 12.11 |
| 2026-09-25 | 12.07 |
| 2026-09-24 | 11.96 |
| 2026-09-23 | 11.85 |
| 2026-09-22 | 12.01 |
| 2026-09-21 | 12.07 |
| 2026-09-18 | 12.15 |
| 2026-09-17 | 12.22 |
| 2026-09-16 | 12.26 |
| 2026-09-15 | 12.44 |
| 2026-09-14 | 12.48 |
| 2026-09-11 | 12.55 |
| 2026-09-10 | 12.52 |
| 2026-09-09 | 12.39 |
| 2026-09-08 | 12.53 |
| 2026-09-04 | 12.68 |
| 2026-09-03 | 12.64 |
| 2026-09-02 | 12.44 |
| 2026-09-01 | 11.98 |
| 2026-08-31 | 12.10 |
| 2026-08-28 | 12.23 |
| 2026-08-27 | 12.28 |
| 2026-08-26 | 12.20 |
| 2026-08-25 | 12.24 |
| 2026-08-24 | 12.29 |
| 2026-08-21 | 12.33 |
| 2026-08-20 | 12.29 |
| 2026-08-19 | 12.24 |
| 2026-08-18 | 12.49 |
| 2026-08-17 | 12.46 |
| 2026-08-14 | 12.58 |
| 2026-08-13 | 12.52 |
| 2026-08-12 | 12.54 |
| 2026-08-11 | 12.48 |
| 2026-08-10 | 12.48 |
| 2026-08-07 | 12.63 |
| 2026-08-06 | 12.89 |
| 2026-08-05 | 13.07 |
| 2026-08-04 | 13.16 |
| 2026-08-03 | 13.01 |
| 2026-07-31 | 12.85 |
| 2026-07-30 | 12.88 |
| 2026-07-29 | 12.92 |
| 2026-07-28 | 12.96 |
| 2026-07-27 | 12.96 |
| 2026-07-24 | 12.73 |
| 2026-07-23 | 12.63 |
| 2026-07-22 | 13.14 |
| 2026-07-21 | 13.32 |
| 2026-07-20 | 13.32 |
| 2026-07-17 | 13.41 |
| 2026-07-16 | 13.71 |
| 2026-07-15 | 13.31 |
| 2026-07-14 | 13.16 |
| 2026-07-13 | 13.20 |
| 2026-07-10 | 13.10 |
| 2026-07-09 | 13.08 |
| 2026-07-08 | 12.87 |
| 2026-07-07 | 13.17 |
| 2026-07-06 | 13.32 |
| 2026-07-02 | 13.32 |
| 2026-07-01 | 13.57 |
| 2026-06-30 | 13.22 |
| 2026-06-29 | 13.27 |
| 2026-06-26 | 13.24 |
| 2026-06-25 | 12.95 |
| 2026-06-24 | 13.02 |
| 2026-06-23 | 12.89 |
| 2026-06-22 | 12.60 |
| 2026-06-18 | 12.52 |
| 2026-06-17 | 12.42 |
| 2026-06-16 | 12.54 |
| 2026-06-15 | 12.63 |
| 2026-06-12 | 12.86 |
| 2026-06-11 | 12.29 |
| 2026-06-10 | 12.28 |
| 2026-06-09 | 12.16 |
| 2026-06-08 | 11.96 |
| 2026-06-05 | 12.08 |
| 2026-06-04 | 11.91 |
| 2026-06-03 | 11.54 |
| 2026-06-02 | 11.93 |
| 2026-06-01 | 11.74 |
| 2026-05-29 | 11.84 |
| 2026-05-28 | 11.95 |
| 2026-05-27 | 11.89 |
| 2026-05-26 | 12.07 |
| 2026-05-22 | 11.88 |
| 2026-05-21 | 11.86 |
| 2026-05-20 | 11.78 |
| 2026-05-19 | 11.58 |
| 2026-05-18 | 11.59 |
| 2026-05-15 | 11.35 |
| 2026-05-14 | 11.53 |
| 2026-05-13 | 11.44 |
| 2026-05-12 | 11.57 |
| 2026-05-11 | 11.74 |
| 2026-05-08 | 13.97 |
| 2026-05-07 | 13.94 |
| 2026-05-06 | 13.90 |
| 2026-05-05 | 13.94 |
| 2026-05-04 | 13.63 |
| 2026-05-01 | 13.96 |
| 2026-04-30 | 13.85 |
| 2026-04-29 | 13.56 |
| 2026-04-28 | 13.90 |
| 2026-04-27 | 13.75 |
| 2026-04-24 | 13.56 |
| 2026-04-23 | 13.74 |
| 2026-04-22 | 13.65 |
| 2026-04-21 | 13.62 |
| 2026-04-20 | 13.97 |
| 2026-04-17 | 14.05 |
| 2026-04-16 | 13.68 |
| 2026-04-15 | 13.59 |
| 2026-04-14 | 13.67 |
| 2026-04-13 | 13.68 |
| 2026-04-10 | 13.70 |
| 2026-04-09 | 13.68 |
| 2026-04-08 | 13.48 |
| 2026-04-07 | 13.12 |
| 2026-04-06 | 13.02 |
| 2026-04-02 | 12.83 |
| 2026-04-01 | 12.78 |
| 2026-03-31 | 12.62 |
| 2026-03-30 | 12.54 |
| 2026-03-27 | 12.41 |
| 2026-03-26 | 12.53 |
| 2026-03-25 | 12.48 |
| 2026-03-24 | 12.50 |
| 2026-03-23 | 12.53 |
| 2026-03-20 | 12.09 |
| 2026-03-19 | 12.06 |
| 2026-03-18 | 11.94 |
| 2026-03-17 | 12.12 |
| 2026-03-16 | 12.18 |
| 2026-03-13 | 12.21 |
| 2026-03-12 | 12.29 |
| 2026-03-11 | 12.25 |
| 2026-03-10 | 12.46 |
| 2026-03-09 | 12.38 |
| 2026-03-06 | 16.08 |
| 2026-03-05 | 15.86 |
| 2026-03-04 | 16.32 |
| 2026-03-03 | 16.05 |
| 2026-03-02 | 16.12 |
| 2026-02-27 | 16.01 |
| 2026-02-26 | 16.49 |
| 2026-02-25 | 16.55 |
| 2026-02-24 | 16.16 |
| 2026-02-23 | 16.13 |
| 2026-02-20 | 16.88 |
| 2026-02-19 | 16.71 |
| 2026-02-18 | 16.72 |
| 2026-02-17 | 16.81 |
| 2026-02-13 | 16.67 |
| 2026-02-12 | 16.69 |
| 2026-02-11 | 16.81 |
| 2026-02-10 | 17.01 |
| 2026-02-09 | 17.14 |
| 2026-02-06 | 17.33 |
| 2026-02-05 | 17.20 |
| 2026-02-04 | 17.26 |
| 2026-02-03 | 17.04 |
| 2026-02-02 | 16.65 |
| 2026-01-30 | 16.25 |
| 2026-01-29 | 15.93 |
| 2026-01-28 | 15.59 |
| 2026-01-27 | 15.69 |
| 2026-01-26 | 15.69 |
| 2026-01-23 | 15.72 |
| 2026-01-22 | 16.28 |
| 2026-01-21 | 16.34 |
| 2026-01-20 | 15.58 |
| 2026-01-16 | 15.71 |
| 2026-01-15 | 15.76 |
| 2026-01-14 | 15.43 |
| 2026-01-13 | 15.24 |
| 2026-01-12 | 15.39 |
| 2026-01-09 | 15.54 |
| 2026-01-08 | 15.80 |
| 2026-01-07 | 15.32 |
| 2026-01-06 | 15.40 |
| 2026-01-05 | 15.41 |
| 2026-01-02 | 15.05 |
| 2025-12-31 | 15.10 |
| 2025-12-30 | 15.16 |
| 2025-12-29 | 15.19 |
| 2025-12-26 | 15.13 |
| 2025-12-24 | 15.21 |
| 2025-12-23 | 15.28 |
| 2025-12-22 | 15.15 |
| 2025-12-19 | 15.35 |
| 2025-12-18 | 15.83 |
| 2025-12-17 | 15.92 |
| 2025-12-16 | 15.91 |
| 2025-12-15 | 15.66 |
| 2025-12-12 | 15.48 |
| 2025-12-11 | 15.48 |
| 2025-12-10 | 15.21 |
| 2025-12-09 | 14.88 |
| 2025-12-08 | 15.18 |
| 2025-12-05 | 14.70 |
| 2025-12-04 | 14.87 |
| 2025-12-03 | 14.99 |
| 2025-12-02 | 14.47 |
| 2025-12-01 | 14.50 |
| 2025-11-28 | 14.50 |
| 2025-11-26 | 14.66 |
| 2025-11-25 | 14.82 |
| 2025-11-24 | 14.45 |
| 2025-11-21 | 14.58 |
| 2025-11-20 | 14.07 |
| 2025-11-19 | 14.17 |
| 2025-11-18 | 14.03 |
| 2025-11-17 | 14.21 |
| 2025-11-14 | 14.77 |
| 2025-11-13 | 14.95 |
| 2025-11-12 | 14.71 |
| 2025-11-11 | 14.89 |
| 2025-11-10 | 14.60 |
| 2025-11-07 | 14.45 |
| 2025-11-06 | 16.39 |
| 2025-11-05 | 16.84 |
| 2025-11-04 | 16.42 |
| 2025-11-03 | 16.03 |
| 2025-10-31 | 15.16 |
| 2025-10-30 | 14.74 |
| 2025-10-29 | 14.37 |
| 2025-10-28 | 14.80 |
| 2025-10-27 | 14.74 |
| 2025-10-24 | 14.98 |
| 2025-10-23 | 14.70 |
| 2025-10-22 | 14.84 |
| 2025-10-21 | 14.62 |
| 2025-10-20 | 14.58 |
| 2025-10-17 | 14.21 |
| 2025-10-16 | 14.16 |
| 2025-10-15 | 14.69 |
| 2025-10-14 | 14.76 |
| 2025-10-13 | 14.46 |
| 2025-10-10 | 14.18 |
| 2025-10-09 | 14.59 |
| 2025-10-08 | 14.84 |
| 2025-10-07 | 14.91 |
| 2025-10-06 | 15.05 |
| 2025-10-03 | 15.00 |
| 2025-10-02 | 14.95 |
| 2025-10-01 | 15.14 |
| 2025-09-30 | 15.38 |
| 2025-09-29 | 15.40 |
| 2025-09-26 | 15.70 |
| 2025-09-25 | 15.65 |
| 2025-09-24 | 15.72 |
| 2025-09-23 | 15.81 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.