Eastern Bankshares (Eastern Bankshares) GF Value Rank : 10 (As of May. 02, 2024)

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What is Eastern Bankshares GF Value Rank?

Eastern Bankshares has the GF Value Rank of 10.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Eastern Bankshares's GF Value Rank

For the Banks - Regional subindustry, Eastern Bankshares's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eastern Bankshares's GF Value Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Eastern Bankshares's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Eastern Bankshares's GF Value Rank falls into.

Eastern Bankshares GF Value Rank Related Terms

Thank you for viewing the detailed overview of Eastern Bankshares's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Bankshares (Eastern Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bankshares Inc (NAS:EBC) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

265 Franklin Street, Boston, MA, USA, 02110

Website

https://www.easternbank.com

Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.

Executives

Nancy Huntington Stager	officer: Executive VP	42 AUTUMN LANE, READING MA 01867
Quincy Lee Miller	officer: President	3 BEECHWOOD LANE, MILTON MA 02186
Linda Marie Williams	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Marisa Harney	director	C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Gregory Paul Buscone	officer: EVP Sr Commercial Banking Ofcr	86 PINE STREET, MEDFIELD MA 02052
Deborah C Jackson	director	C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Bari A Harlam	director	C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Luis Borgen	director	58 SUNSET RIDGE LANE, BOLTON MA 01740
Shell Greg Allen Sr.	director	200 CLARENDON STREET, BOSTON MA 02116
James Burke Fitzgerald	officer: Chief Financial Officer	108 MOUNT VERNON STREET, APARTMENT 6, BOSTON MA 02108
Sujata Yadav	officer: EVP, Chief Marketing Officer	19 ORCHARD LANE, LYNNFIELD MA 01940
Matthew Adam Osborne	officer: EVP Sr Commercial Banking Ofcr	11 RAVEN ROAD, CANTON MA 02021
Martha A Dean	officer: EVP, Dir. of Operations	C/O CNB FINANCIAL CORP., P.O. BOX 830, WORCESTER MA 01613-0830
Daniel J Sullivan	officer: Chief Credit Officer	4 KENSINGTON AVENUE, READING MA 01867
Kathleen Cloherty Henry	officer: Executive VP, General Counsel	58 MONTCLAIR AVENUE, WEST ROXBURY MA 02132