Nicolet Bankshares, Inc. (NIC) P/E Ratio History
Historical price-to-earnings valuation from 2013 to 2025
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NIC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Nicolet Bankshares, Inc. (NIC) trades at a price-to-earnings ratio of 15.0x, with a stock price of $146.69 and trailing twelve-month earnings per share of $9.90.
The current P/E is roughly in line with its 5-year average of 14.0x. Over the past five years, NIC's P/E has ranged from a low of 10.1x to a high of 19.8x, placing the current valuation at the 75th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.1x, NIC is roughly in line with its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.32 (P/E divided by 21% 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, NIC 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 NIC 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.
NIC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $699M | 10.4 | 1.97 | +3% | |
| $5B | 20.8 | 3.98 | +12% | |
| $4B | 17.6 | 1.81 | +2% | |
| $4B | 13.4 | 0.59 | -9% | |
| $2B | 13.5 | 1.92 | +13% | |
| $898M | 9.5 | 0.63 | +11% | |
| $252M | 9.3Lowest | 1.45 | +38% | |
| $415M | 11.7 | 0.27Best | +262%Best | |
| $203M | 14.4 | 2.85 | +9% | |
| $24B | 63.0 | 2.58 | -47% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NIC Historical P/E Data (2013–2025)
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 | $121.30 | $9.79 | 12.4x | -8% |
| FY2025 Q3 | $134.50 | $9.33 | 14.4x | +7% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $123.48 | $8.71 | 14.2x | +5% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $108.96 | $8.29 | 13.1x | -2% |
| FY2024 Q4 | $104.91 | $8.03 | 13.1x | -3% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $95.63 | $7.86 | 12.2x | -10% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $83.04 | $6.90 | 12.0x | -11% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $85.99 | $6.49 | 13.2x | -2% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $80.48 | $4.06 | 19.8x | +47% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $69.78 | $3.87 | 18.0x | +34% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $67.91 | $4.02 | 16.9x | +26% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $63.05 | $4.24 | 14.9x | +10% |
Average P/E for displayed period: 13.5x
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Start ComparisonNIC — Frequently Asked Questions
Quick answers to the most common questions about buying NIC stock.
Is NIC stock overvalued or undervalued?
NIC trades at 15.0x P/E, near its 5-year average of 14.0x. The 75th percentile ranking places valuation within normal historical bounds.
How does NIC's valuation compare to peers?
Nicolet Bankshares, Inc. P/E of 15.0x compares to sector median of 13.1x. The premium reflects expected growth above peers.
What is NIC's PEG ratio?
NIC PEG ratio is 1.32. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2013-2025.