NBT Bancorp Inc. (NBTB) P/E Ratio History
Historical price-to-earnings valuation from 1992 to 2025
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NBTB Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, NBT Bancorp Inc. (NBTB) trades at a price-to-earnings ratio of 13.6x, with a stock price of $45.20 and trailing twelve-month earnings per share of $3.22.
The current P/E is roughly in line with its 5-year average of 12.6x. Over the past five years, NBTB's P/E has ranged from a low of 9.9x to a high of 16.1x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, NBTB is roughly in line with its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.93 (P/E divided by 13% EPS growth) suggests a fair valuation 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, NBTB trades at a notable discount to the S&P 500 median P/E of 25.2x. 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 NBTB 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.
NBTB P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 20.4 | - | -16% | |
| $3B | 12.1 | 1.50 | +2% | |
| $3B | 15.2 | 3.04 | +0% | |
| $4B | 10.5 | 0.75 | +32%Best | |
| $8B | 12.9 | 1.14 | +5% | |
| $696M | 10.3Lowest | 1.96 | +3% | |
| $4B | 15.7 | 1.56 | +22% | |
| $2B | 12.8 | 0.28Best | +3% | |
| $2B | 15.3 | 1.86 | +16% | |
| $203M | 14.4 | 2.84 | +9% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NBTB Historical P/E Data (1992–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $41.52 | $3.34 | 12.4x | -32% |
| FY2025 Q3 | $41.76 | $3.04 | 13.7x | -25% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $41.55 | $2.81 | 14.8x | -20% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $42.90 | $3.02 | 14.2x | -23% |
| FY2024 Q4 | $47.76 | $2.96 | 16.1x | -12% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $44.23 | $2.84 | 15.6x | -15% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $38.60 | $2.58 | 15.0x | -19% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $36.68 | $2.59 | 14.2x | -23% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $41.91 | $2.66 | 15.8x | -14% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $31.69 | $2.86 | 11.1x | -40% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $31.85 | $3.22 | 9.9x | -46% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $33.71 | $3.40 | 9.9x | -46% |
Average P/E for displayed period: 18.4x
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Start ComparisonNBTB — Frequently Asked Questions
Quick answers to the most common questions about buying NBTB stock.
Is NBTB stock overvalued or undervalued?
NBTB trades at 13.6x P/E, near its 5-year average of 12.6x. The 60th percentile ranking places valuation within normal historical bounds.
How does NBTB's valuation compare to peers?
NBT Bancorp Inc. P/E of 13.6x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is NBTB's PEG ratio?
NBTB PEG ratio is 1.93. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1992-2025.