The PE ratio for First Citizens Bancshares stock stands at 2.18 as of May 2, 2024. This results from the current EPS of $785.14 and stock price of $1,713.5. An increase of 30% has been recorded in the PE ratio compared to the average of 1.7 of the last four quarters.
Over the last ten years, the average PE ratio of First Citizens Bancshares has been 12.61. The current 2.18 P/E ratio is 83% lower than the historical average. In the past ten years, FCNCA's PE ratio peaked in the Sep 2014 quarter at 20.4, with a price of $216.63 and an EPS of $10.62. The Mar 2023 quarter marked the lowest point at 1.38, with a price of $973.1 and an EPS of $705.07.
Maximum annual increase: 45.28% in 2014
Maximum annual decrease: -83.9% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 1.81 | -83.9% |
| 2022 | 11.24 | -27.01% |
| 2021 | 15.4 | 27.38% |
| 2020 | 12.09 | -6.71% |
| 2019 | 12.96 | 15.2% |
| 2018 | 11.25 | -16.36% |
| 2017 | 13.45 | -28.87% |
| 2016 | 18.91 | 28.29% |
| 2015 | 14.74 | -20.92% |
| 2014 | 18.64 | 45.28% |
The current PE ratio of FCNCA is lower than the 3, 5 and 10-year averages.
In comparison to its peer stocks WFC and CBSH, FCNCA's PE ratio is lower. First Citizens Bancshares is presently trading at a lower PE ratio (2.18) than its peer group average of 12.86.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FCNCA First Citizens Bancshares Inc | 2.18 | $24.89B |
| PEBK Peoples Bancorp Of North Carolina Inc | 10.23 | $163.97M |
| WFC Wells Fargo & Company | 12.34 | $208.59B |
| FBNC First Bancorp | 12.48 | $1.3B |
| BOKF Bok Financial Corp | 13.35 | $5.93B |
| CBSH Commerce Bancshares Inc | 15.41 | $7.29B |
The price to earnings ratio for FCNCA stock as of May 2, 2024, stands at 2.18.
The 3-year average price to earnings ratio for FCNCA stock is 9.04.
The 5-year average price to earnings ratio for FCNCA stock is 9.97.
The highest quarterly PE ratio in the last ten years has been 20.4 and it was in the Sep 2014 quarter.
FCNCA's price to earnings ratio is currently 83% below its 10-year historical average.
FCNCA's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 2, 2024), First Citizens Bancshares's stock price is $1,713.5. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $785.14. Therefore, First Citizens Bancshares's PE ratio for today is 2.18. PE RATIO(2.18) = STOCK PRICE($1,713.5) / TTM EPS($785.14)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.