As at Apr 30, 2024, the FITB stock has a PE ratio of 11.29. This is based on the current EPS of $3.23 and the stock price of $36.46 per share. An increase of 37% has been recorded in the PE ratio compared to the average of 8.3 of the past four quarters.
The mean historical PE ratio of Fifth Third Bancorp over the last ten years is 10.29. The current 11.29 price-to-earnings ratio is 10% more than the historical average. In the past ten years, FITB's PE ratio reached its highest point in the Dec 2020 quarter at 14.98, with a price of $27.57 and an EPS of $1.84. The Mar 2020 quarter saw the lowest point at 6.43, with a price of $14.85 and an EPS of $2.31.
Maximum annual increase: 64.8% in 2020
Maximum annual decrease: -28.65% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.68 | 9.99% |
| 2022 | 9.71 | -15.71% |
| 2021 | 11.52 | -23.1% |
| 2020 | 14.98 | 64.8% |
| 2019 | 9.09 | 20.08% |
| 2018 | 7.57 | -28.65% |
| 2017 | 10.61 | -24.48% |
| 2016 | 14.05 | 41.92% |
| 2015 | 9.9 | -18.38% |
| 2014 | 12.13 | 18.23% |
The current PE ratio of FITB is above its 3, 5 and 10-year historical averages.
FITB's PE ratio is less than its peer stocks BAC and WFC, but it is above HBAN's and WTFC's. Fifth Third Bancorp's current PE ratio of 11.29 is less than the average of its peers, which is 12.08.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WTFC Wintrust Financial Corp | 10.11 | $6.04B |
| FITB Fifth Third Bancorp | 11.46 | $25.21B |
| PNC Pnc Financial Services Group Inc | 11.98 | $61.02B |
| HBAN Huntington Bancshares Inc | 12.15 | $19.72B |
| WFC Wells Fargo & Company | 12.18 | $212.71B |
| BAC Bank Of America Corp | 12.65 | $288.77B |
| LCNB Lcnb Corp | 13.13 | $190.96M |
| CBSH Commerce Bancshares Inc | 15.26 | $7.21B |
The price to earnings ratio for FITB stock is 11.29 as of Apr 30, 2024.
The 3-year average PE ratio for FITB stock is 9.9.
The 5-year average PE ratio for FITB stock is 10.08.
The highest quarterly PE ratio in the last ten years has been 14.98 and it was in the Dec 2020 quarter.
FITB's current price to earnings ratio is 10% above its 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Apr 30, 2024), Fifth Third Bancorp's stock price is $36.46. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.23. Therefore, Fifth Third Bancorp's price to earnings ratio for today is 11.29. PE RATIO(11.29) = STOCK PRICE($36.46) / TTM EPS($3.23)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.