Start with its own history
At 8.56×, HFBK is 22.7% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
OTC · HFBKBanks - RegionalUpdated Nov 2, 2026
Harford Bank P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
8.56×
22.7% belowthe 10-year annual average
Share price44.79
÷Earnings per share5.2328
Price and EPS in quote currency. Calculation details
Investors are paying 8.56 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 11.08×
3-year average7.87×3 positive annual observations
5-year average8.17×5 positive annual observations
10-year average11.08×10 positive annual observations
Peer median · TTM9.73×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 18 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 8.92× | +24.6% |
| Dec 31, 2024 | 7.16× | -5.0% |
| Dec 31, 2023 | 7.53× | -19.5% |
| Dec 31, 2022 | 9.36× | +18.7% |
| Dec 31, 2021 | 7.88× | -16.9% |
| Dec 31, 2020 | 9.49× | -25.1% |
| Dec 31, 2019 | 12.67× | +2.7% |
| Dec 31, 2018 | 12.33× | -31.1% |
View all 18 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 17.89× | +2.1% |
| Dec 31, 2016 | 17.52× | -2.0% |
| Dec 31, 2015 | 17.87× | +63.6% |
| Dec 31, 2014 | 10.92× | -28.1% |
| Dec 31, 2013 | 15.20× | +54.3% |
| Dec 31, 2012 | 9.85× | -46.8% |
| Dec 31, 2006 | 18.50× | -3.9% |
| Dec 31, 2005 | 19.24× | -4.4% |
| Dec 31, 2004 | 20.12× | +5.1% |
| Dec 31, 2003 | 19.15× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How HFBK compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 HFBK This stockHarford Bank | 8.56× |
 HRBKHarbor Bankshares Corporation | N/M |
 CMHFCommunity Heritage Financial, Inc. | 14.82× |
 NACBNational Capital Bancorp, Inc. | 15.60× |
 PTBSPotomac Bancshares, Inc. | 9.73× |
 FVCBFVCBankcorp, Inc. | 11.42× |
 OAKVOak View Bankshares, Inc. | 9.06× |
 HBSIHighlands Bankshares, Inc. | 9.32× |
 CIWVCitizens Financial Corp. | 7.62× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does HFBK’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 9.73×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take HFBK into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("HFBK", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 44.79 ÷ EPS 5.2328 = 8.56×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
HFBK P/E ratio: common questions
The essentials behind the numbers.
Harford Bank's current P/E is 8.56× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.