Question 1

What is Ames National's P/E ratio?

Accepted Answer

Ames National (ATLO) P/E ratio is 12.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Ames National?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Ames National specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Ames National's P/E ratio high or low?

Accepted Answer

Ames National's P/E ratio of 12.3× is above its own 5-year average of 12.3× and below the sector median of 12.8×. That places the current reading at the 53th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Ames National's historical P/E ratio range?

Accepted Answer

In the available daily series, Ames National (ATLO) P/E ratio has ranged from a low of 8.4× in 2023 to a high of 39.2× in 2008. The 5-year average is 12.3× and the 5-year median is 11.1×.

Question 7

What was Ames National's P/E ratio in 2025?

Accepted Answer

Ames National (ATLO) P/E ratio at the end of 2025 was 10.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Ames National's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$204.88M	$19.03M	10.8×	-3.6×	Dec 31, 2025
2024	$147.03M	$10.22M	14.4×	-3.4×	Dec 31, 2024
2023	$191.89M	$10.82M	17.7×	+6.7×	Dec 31, 2023
2022	$212.31M	$19.29M	11.0×	+1.7×	Dec 31, 2022
2021	$222.67M	$23.91M	9.3×	-2.3×	Dec 31, 2021
2020	$218.98M	$18.85M	11.6×	-3.3×	Dec 31, 2020
2019	$256.60M	$17.19M	14.9×	+1.0×	Dec 31, 2019
2018	$237.31M	$17.01M	13.9×	-4.9×	Dec 31, 2018
2017	$257.98M	$13.70M	18.8×	-0.8×	Dec 31, 2017
2016	$308.85M	$15.73M	19.6×	+4.5×	Dec 31, 2016
2015	$226.42M	$15.01M	15.1×	-0.6×	Dec 31, 2015
2014	$239.46M	$15.25M	15.7×	+0.6×	Dec 31, 2014
2013	$210.03M	$13.95M	15.1×	+0.6×	Dec 31, 2013
2012	$205.31M	$14.18M	14.5×	+1.4×	Dec 31, 2012
2011	$181.82M	$13.92M	13.1×	-2.6×	Dec 31, 2011
2010	$203.38M	$12.97M	15.7×	-6.2×	Dec 31, 2010
2009	$197.20M	$9.01M	21.9×	-17.3×	Dec 31, 2009
2008	$249.18M	$6.35M	39.2×	+22.7×	Dec 31, 2008
2007	$182.46M	$11.01M	16.6×	-1.3×	Dec 31, 2007
2006	$196.08M	$10.94M	17.9×	-2.9×	Dec 31, 2006
2005	$241.54M	$11.61M	20.8×	+0.4×	Dec 31, 2005
2004	$252.70M	$12.39M	20.4×	+4.8×	Dec 31, 2004
2003	$181.80M	$11.62M	15.6×	+2.8×	Dec 31, 2003
2002	$145.41M	$11.34M	12.8×	—	Dec 31, 2002


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Ames National (ATLO)

P/E Ratio daily chart for Ames National (ATLO)

Historical P/E Ratio for Ames National (ATLO) from 2002 to 2025

About P/E Ratio at Ames National (ATLO)

Ames National P/E Ratio by Year

Ames National P/E Ratio 2025: 10.8×

Ames National P/E Ratio 2024: 14.4×

Ames National P/E Ratio 2023: 17.7×

Ames National P/E Ratio 2022: 11.0×

Ames National P/E Ratio 2021: 9.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Ames National (ATLO) Key Financials

P/E Ratio daily chart for Ames National (ATLO)

Historical P/E Ratio for Ames National (ATLO) from 2002 to 2025

About P/E Ratio at Ames National (ATLO)

Ames National P/E Ratio by Year

Ames National P/E Ratio 2025: 10.8×

Ames National P/E Ratio 2024: 14.4×

Ames National P/E Ratio 2023: 17.7×

Ames National P/E Ratio 2022: 11.0×

Ames National P/E Ratio 2021: 9.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Ames National's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Ames National?

+Is Ames National's P/E ratio high or low?

+What is Ames National's historical P/E ratio range?

+What was Ames National's P/E ratio in 2025?

+Why does Ames National's P/E ratio change over time?

Ames National (ATLO) Key Financials