Valley Ntl P/E Ratio Analysis

Valley Ntl Inc. (NASDAQ:VLY) stock has increased by 2.59% over the past month and 9.17% in the past year, trading at $11.10. The company has a higher P/E ratio of 12.56 compared to the aggregate P/E ratio of 12.06 in the Banks industry, suggesting it might outperform its industry group or be overvalued. Investors should evaluate P/E ratio alongside other financial ratios and industry trends to make informed decisions.