Hawthorn Bancshares, Inc. (HWBK) P/E Ratio History
UndervaluedTrading at 11.0x vs 5Y avg 22.9x · 80th percentile · Below historical baseline · Data 1999–2025
Loading P/E history...
P/E Ratio Analysis
As of June 13, 2026, Hawthorn Bancshares, Inc. (HWBK) trades at a price-to-earnings ratio of 11.0x, with a stock price of $37.70 and trailing twelve-month earnings per share of $3.40.
The current P/E is 52% below its 5-year average of 22.9x. Over the past five years, HWBK's P/E has ranged from a low of 6.5x to a high of 195.2x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.9x, HWBK trades at a 21% discount to its sector peers. The sector includes 784 companies with P/E ratios ranging from 0.0x to 197.4x.
The PEG ratio of 0.93 (P/E divided by 31% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, HWBK trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HWBK DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
HWBK Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
HWBK P/E vs Peers
Commercial and middle-market focused banks peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $207M | 14.7 | 2.90 | +9% | |
| $956M | 10.5 | 0.94 | +23% | |
| $2B | 12.8 | 0.88 | +12% | |
| $3B | 20.3 | 10.84 | +11% | |
| $506M | 10.0Lowest | 0.40Best | +17% | |
| $2B | 15.0 | 2.72 | +8% | |
| $365M | 13.8 | - | +35%Best | |
| $349M | 23.2 | - | -37% | |
| $20B | 52.3 | 2.14 | -47% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
HWBK Historical P/E Data (1999–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Dec 31 2025 | $34.88 | $3.42 | 10.2x | -56% |
| FY2025 Q3 | - | $31.04 | $3.18 | 9.8x | -58% |
| FY2025 Q2 | Jun 30 2025 | $29.14 | $2.95 | 9.9x | -57% |
| FY2025 Q1 | Mar 31 2025 | $28.23 | $2.74 | 10.3x | -55% |
| FY2024 Q4 | - | $28.35 | $2.60 | 10.9x | -53% |
| FY2024 Q3 | Sep 30 2024 | $25.03 | $0.88 | 28.4x | +23% |
| FY2024 Q2 | Jun 30 2024 | $19.80 | $0.60 | 33.0x | +43% |
| FY2024 Q1 | Mar 31 2024 | $20.43 | $0.30 | 68.1x | +194% |
| FY2023 Q4 | Dec 31 2023 | $25.37 | $0.13 | 195.2x | +743% |
| FY2023 Q3 | Sep 30 2023 | $16.25 | $1.86 | 8.7x | -62% |
| FY2023 Q2 | Jun 30 2023 | $17.95 | $2.22 | 8.1x | -65% |
| FY2023 Q1 | Mar 31 2023 | $22.48 | $2.52 | 8.9x | -61% |
| FY2022 Q4 | Dec 31 2022 | $20.93 | $3.02 | 6.9x | -70% |
| FY2022 Q3 | Sep 30 2022 | $21.02 | $3.22 | 6.5x | -72% |
| FY2022 Q2 | - | $24.51 | $3.30 | 7.4x | -68% |
| FY2022 Q1 | - | $23.37 | $3.32 | 7.0x | -70% |
| FY2021 Q4 | Dec 31 2021 | $23.98 | $3.17 | 7.6x | -67% |
| FY2021 Q3 | - | $21.41 | $3.04 | 7.0x | -70% |
| FY2021 Q2 | Jun 30 2021 | $21.20 | $2.91 | 7.3x | -69% |
| FY2021 Q1 | Mar 31 2021 | $18.93 | $2.68 | 7.1x | -69% |
| FY2020 Q4 | - | $19.47 | $1.99 | 9.8x | -58% |
| FY2020 Q3 | Sep 30 2020 | $16.84 | $1.83 | 9.2x | -60% |
| FY2020 Q2 | - | $17.50 | $1.67 | 10.5x | -55% |
| FY2020 Q1 | - | $15.69 | $1.70 | 9.2x | -60% |
| FY2019 Q4 | - | $21.80 | $2.21 | 9.9x | -57% |
| FY2019 Q3 | Sep 30 2019 | $20.37 | $2.01 | 10.1x | -56% |
| FY2019 Q2 | Jun 30 2019 | $22.91 | $1.91 | 12.0x | -48% |
| FY2019 Q1 | Mar 31 2019 | $19.10 | $1.82 | 10.5x | -55% |
| FY2018 Q4 | Dec 31 2018 | $17.29 | $1.48 | 11.7x | -50% |
| FY2018 Q3 | Sep 30 2018 | $18.70 | $0.75 | 24.9x | +8% |
| FY2018 Q2 | Jun 30 2018 | $18.00 | $0.57 | 31.6x | +36% |
| FY2018 Q1 | Mar 31 2018 | $16.31 | $0.44 | 37.1x | +60% |
| FY2017 Q4 | Dec 31 2017 | $16.40 | $0.43 | 38.1x | +65% |
| FY2017 Q3 | Sep 30 2017 | $16.36 | $1.07 | 15.3x | -34% |
| FY2017 Q2 | Jun 30 2017 | $16.56 | $1.08 | 15.3x | -34% |
| FY2017 Q1 | Mar 31 2017 | $16.03 | $1.01 | 15.9x | -31% |
| FY2016 Q4 | Dec 31 2016 | $13.45 | $1.00 | 13.4x | -42% |
| FY2016 Q3 | Sep 30 2016 | $11.59 | $1.00 | 11.6x | -50% |
| FY2016 Q2 | - | $10.48 | $1.09 | 9.6x | -58% |
| FY2016 Q1 | - | $10.78 | $1.16 | 9.3x | -60% |
| FY2015 Q4 | - | $11.51 | $1.19 | 9.7x | -58% |
| FY2015 Q3 | Sep 30 2015 | $10.21 | $1.20 | 8.5x | -63% |
| FY2015 Q2 | - | $10.46 | $1.08 | 9.7x | -58% |
| FY2015 Q1 | - | $9.41 | $1.12 | 8.4x | -64% |
| FY2014 Q4 | Dec 31 2014 | $12.67 | $1.10 | 11.5x | -50% |
| FY2014 Q3 | - | $9.66 | $1.06 | 9.1x | -61% |
| FY2014 Q2 | Jun 30 2014 | $8.80 | $1.06 | 8.3x | -64% |
| FY2014 Q1 | Mar 31 2014 | $8.94 | $0.97 | 9.2x | -60% |
| FY2013 Q4 | - | $8.21 | $0.63 | 13.1x | -43% |
| FY2013 Q3 | Sep 30 2013 | $9.20 | $0.70 | 13.2x | -43% |
| FY2013 Q2 | Jun 30 2013 | $8.44 | $0.22 | 38.9x | +68% |
| FY2013 Q1 | Mar 31 2013 | $9.47 | $0.01 | 686.2x | +2865% |
| FY2012 Q4 | Dec 31 2012 | $4.87 | $0.22 | 22.4x | -3% |
| FY2012 Q2 | Jun 30 2012 | $6.00 | $0.14 | 43.8x | +89% |
| FY2012 Q1 | Mar 31 2012 | $4.69 | $0.26 | 18.0x | -22% |
| FY2011 Q4 | Dec 31 2011 | $3.78 | $0.18 | 20.4x | -12% |
| FY2010 Q3 | - | $6.05 | $0.36 | 16.6x | -28% |
| FY2010 Q2 | Jun 30 2010 | $7.24 | $0.43 | 16.7x | -28% |
| FY2010 Q1 | Mar 31 2010 | $6.75 | $0.49 | 13.7x | -41% |
| FY2009 Q4 | - | $5.51 | $0.50 | 11.1x | -52% |
| FY2008 Q3 | - | $13.30 | $0.76 | 17.5x | -24% |
| FY2008 Q2 | Jun 30 2008 | $14.03 | $0.77 | 18.2x | -21% |
| FY2008 Q1 | Mar 31 2008 | $15.29 | $0.91 | 16.8x | -27% |
| FY2007 Q4 | Dec 31 2007 | $13.88 | $1.08 | 12.9x | -44% |
| FY2007 Q3 | Sep 30 2007 | $17.21 | $1.29 | 13.3x | -42% |
| FY2007 Q2 | Jun 30 2007 | $18.05 | $1.39 | 13.0x | -44% |
| FY2007 Q1 | Mar 31 2007 | $25.43 | $1.47 | 17.3x | -25% |
| FY2006 Q4 | Dec 31 2006 | $17.49 | $1.52 | 11.5x | -50% |
| FY2006 Q3 | Sep 30 2006 | $16.88 | $1.56 | 10.8x | -53% |
| FY2006 Q2 | Jun 30 2006 | $16.43 | $1.53 | 10.7x | -54% |
| FY2006 Q1 | Mar 31 2006 | $16.48 | $1.45 | 11.4x | -51% |
| FY2005 Q4 | Dec 31 2005 | $16.39 | $1.39 | 11.8x | -49% |
| FY2005 Q3 | Sep 30 2005 | $15.74 | $1.26 | 12.5x | -46% |
| FY2005 Q2 | - | $15.24 | $1.18 | 12.9x | -44% |
| FY2005 Q1 | - | $16.13 | $1.15 | 14.0x | -39% |
| FY2004 Q4 | Dec 31 2004 | $16.03 | $1.15 | 13.9x | -40% |
| FY2004 Q3 | - | $16.25 | $1.19 | 13.7x | -41% |
| FY2004 Q2 | Jun 30 2004 | $16.21 | $1.26 | 12.9x | -44% |
| FY2004 Q1 | Mar 31 2004 | $17.47 | $1.25 | 14.0x | -40% |
| FY2003 Q4 | Dec 31 2003 | $20.10 | $1.26 | 16.0x | -31% |
| FY2003 Q3 | - | $19.24 | $1.28 | 15.0x | -35% |
| FY2003 Q2 | Jun 30 2003 | $20.72 | $1.20 | 17.3x | -25% |
| FY2003 Q1 | Mar 31 2003 | $17.51 | $1.19 | 14.7x | -36% |
| FY2002 Q4 | - | $12.39 | $1.13 | 11.0x | -53% |
| FY2002 Q3 | Sep 30 2002 | $10.74 | $1.09 | 9.9x | -57% |
| FY2002 Q2 | Jun 30 2002 | $11.48 | $1.06 | 10.8x | -53% |
| FY2002 Q1 | Mar 31 2002 | $10.64 | $1.01 | 10.5x | -54% |
| FY2001 Q4 | Dec 31 2001 | $12.18 | $0.99 | 12.3x | -47% |
| FY2001 Q3 | Sep 30 2001 | $10.35 | $0.88 | 11.8x | -49% |
| FY2001 Q2 | Jun 30 2001 | $8.18 | $0.85 | 9.6x | -58% |
| FY2001 Q1 | Mar 31 2001 | $8.51 | $0.85 | 10.0x | -57% |
| FY2000 Q4 | Dec 31 2000 | $8.61 | $0.82 | 10.5x | -55% |
| FY2000 Q3 | Sep 30 2000 | $10.37 | $0.89 | 11.7x | -50% |
| FY2000 Q2 | Jun 30 2000 | $9.90 | $0.90 | 11.0x | -52% |
| FY2000 Q1 | Mar 31 2000 | $13.96 | $0.89 | 15.7x | -32% |
| FY1999 Q4 | Dec 31 1999 | $2.87 | $0.90 | 3.2x | -86% |
Average P/E for displayed period: 23.1x
What if you invested $1,000 in HWBK back in 1999?
Total return with dividends reinvested · 27+ years of data
Calculate ReturnsHow much would $100/month in HWBK be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersIs HWBK Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationHWBK vs BRK-B — which is the better buy?
Side-by-side revenue, margins, P/E and 10-year returns vs Berkshire Hathaway Inc..
Compare NowHWBK — Frequently Asked Questions
Quick answers to the most common questions about buying HWBK stock.
What is HWBK's P/E ratio?
Hawthorn Bancshares, Inc. (HWBK) trailing twelve-month P/E ratio is 11.0x, based on TTM diluted EPS of $3.40. The 5-year average P/E is 22.9x and the historical range spans 6.5x to 195.2x.
Is HWBK stock overvalued or undervalued?
HWBK trades at 11.0x P/E, below its 5-year average of 22.9x. At the 80th percentile of its historical range (6.5x–195.2x), the stock is priced at a discount to its own history.
Is HWBK stock expensive?
No, HWBK is not expensive on a historical basis. The current P/E of 11.0x is below the 5-year average of 22.9x and sits at the 80th percentile of its valuation range.
What is HWBK's historical P/E range?
Over the past 5 years, HWBK's P/E ratio has ranged from 6.5x to 195.2x, with a median of 8.9x and an average of 22.9x. The current P/E of 11.0x places the stock at the 80th percentile of this range. Full historical data spans 1999–2025.
How does HWBK's P/E compare to the S&P 500?
HWBK trades at 11.0x P/E versus the S&P 500 median of 25.1x. The 56% discount to the market suggests lower growth expectations or perceived higher risk.
How does HWBK's valuation compare to Financial Services peers?
Hawthorn Bancshares, Inc. P/E of 11.0x compares to the Financial Services sector median of 13.9x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is HWBK's PEG ratio?
HWBK PEG ratio is 0.93, based on a P/E of 11.0x and EPS growth of 31.4%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is HWBK's earnings yield?
HWBK earnings yield is 9.10%, the inverse of its 11.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.