Question 1

What is First Financial's P/E ratio?

Accepted Answer

First Financial (THFF) P/E ratio is 11.1× as of July 22, 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 First Financial?

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 First Financial specifically, the relevant sector benchmark is the current sector median of 13.1×.

Question 5

Is First Financial's P/E ratio high or low?

Accepted Answer

First Financial's P/E ratio of 11.1× is above its own 5-year average of 9.0× and below the sector median of 13.1×. That places the current reading at the 84th 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 First Financial's historical P/E ratio range?

Accepted Answer

In the available daily series, First Financial (THFF) P/E ratio has ranged from a low of 5.6× in 2023 to a high of 25.7× in 2008. The 5-year average is 9.0× and the 5-year median is 9.0×.

Question 7

What was First Financial's P/E ratio in 2025?

Accepted Answer

First Financial (THFF) P/E ratio at the end of 2025 was 9.0×. 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 First Financial'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	$716M	$79.2M	9.0×	-2.5×	Dec 31, 2025
2024	$546M	$47.3M	11.5×	+3.1×	Dec 31, 2024
2023	$514M	$60.7M	8.5×	+0.6×	Dec 31, 2023
2022	$559M	$71.1M	7.9×	-3.1×	Dec 31, 2022
2021	$580M	$53M	10.9×	+1.1×	Dec 31, 2021
2020	$532M	$53.8M	9.9×	-3.0×	Dec 31, 2020
2019	$628M	$48.9M	12.9×	+2.3×	Dec 31, 2019
2018	$492M	$46.6M	10.6×	-8.5×	Dec 31, 2018
2017	$555M	$29.1M	19.0×	+2.3×	Dec 31, 2017
2016	$644M	$38.4M	16.8×	+2.5×	Dec 31, 2016
2015	$430M	$30.2M	14.2×	+0.6×	Dec 31, 2015
2014	$461M	$33.8M	13.6×	-1.8×	Dec 31, 2014
2013	$487M	$31.5M	15.4×	+3.2×	Dec 31, 2013
2012	$401M	$32.8M	12.2×	+0.4×	Dec 31, 2012
2011	$439M	$37.2M	11.8×	-4.7×	Dec 31, 2011
2010	$462M	$28M	16.5×	-1.2×	Dec 31, 2010
2009	$400M	$22.7M	17.6×	-4.1×	Dec 31, 2009
2008	$538M	$24.8M	21.7×	+7.2×	Dec 31, 2008
2007	$372M	$25.6M	14.5×	-5.4×	Dec 31, 2007
2006	$470M	$23.5M	20.0×	+4.3×	Dec 31, 2006
2005	$360M	$23.1M	15.6×	-0.9×	Dec 31, 2005
2004	$463M	$28M	16.5×	+1.2×	Dec 31, 2004
2003	$407M	$26.5M	15.4×	+3.8×	Dec 31, 2003
2002	$330M	$28.6M	11.5×	—	Dec 31, 2002


Arrow Financial (AROW)	10.8×
Ameriprise Financial (AMP)	10.6×
Auburn National Bancorporation (AUBN)	10.5×
1st Source (SRCE)	10.5×
Truist Financial (TFC)	10.4×
Eagle Financial Services (EFSI)	10.0×
Prudential Financial (PRU)	9.8×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Old Republic International (ORI)	9.5×
Globe Life (GL-PD)	9.3×
Hartford Insurance Group (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Travelers Companies (TRV)	8.4×
PayPal (PYPL)	8.2×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Group (EG)	6.5×
Mercury General (MCY)	5.8×
Allstate (ALL)	4.4×
Atlantic Union Bankshares (AUB)	0.0×

P/E Ratio for First Financial (THFF) 2002-2026

P/E Ratio daily chart for First Financial (THFF)

Historical P/E Ratio for First Financial (THFF) from 2002 to 2025

About P/E Ratio at First Financial (THFF)

First Financial P/E Ratio by Year

First Financial P/E Ratio 2025: 9.0×

First Financial P/E Ratio 2024: 11.5×

First Financial P/E Ratio 2023: 8.5×

First Financial P/E Ratio 2022: 7.9×

First Financial P/E Ratio 2021: 10.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

First Financial (THFF) Key Financials