The current PE ratio for Fulton Financial stock as of May 7, 2024 is 10.28. This is calculated based on the TTM EPS of $1.66 and the stock price of $17.06 per share. The PE ratio marks an increase of 29% from its last 4 quarters average of 8.0.
The average historical PE ratio of Fulton Financial for the last ten years is 13.09. The current P/E ratio of 10.28 is 21% lower than the historical average. Looking back at the last ten years, FULT's PE ratio peaked in the Dec 2016 quarter at 20.22, when the price was $18.8 and the EPS was $0.93. The lowest point was in the Jun 2023 quarter, when it reached 6.85 with a price of $11.92 and an EPS of $1.74.
Maximum annual increase: 32.07% in 2016
Maximum annual decrease: -28.79% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.92 | -0.4% |
| 2022 | 9.96 | -4.51% |
| 2021 | 10.43 | -11.46% |
| 2020 | 11.78 | -8.11% |
| 2019 | 12.82 | -1.46% |
| 2018 | 13.01 | -28.79% |
| 2017 | 18.27 | -9.64% |
| 2016 | 20.22 | 32.07% |
| 2015 | 15.31 | 5.3% |
| 2014 | 14.54 | -6.68% |
Currently, FULT's PE ratio is higher than its 3 and 5-year averages, but it is lower than its 10-year average.
FULT's PE ratio stands lower than its peer stocks PNC and FNB, but it is higher than MTB's and FCF's. Fulton Financial's current PE ratio of 10.28 is higher than the average of its peers, which is 9.83.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PWOD Penns Woods Bancorp Inc | 7.88 | $138.63M |
| FCF First Commonwealth Financial Corp | 8.51 | $1.4B |
| ACNB Acnb Corp | 8.65 | $273.7M |
| PFIS Peoples Financial Services Corp | 9.84 | $267.53M |
| MTB M&T Bank Corp | 9.97 | $24.75B |
| FULT Fulton Financial Corp | 10.28 | $2.76B |
| FNB Fnb Corp | 10.51 | $4.98B |
| PNC Pnc Financial Services Group Inc | 13.11 | $62.13B |
| ASRV Ameriserv Financial Inc | N/A | $40.3M |
FULT stock has a price to earnings ratio of 10.28 as of May 7, 2024.
As an average over the last 3 years, FULT stock has a PE ratio of 9.29.
As an average over the last 5 years, FULT stock has a PE ratio of 10.04.
Over the last ten years, the quarterly PE ratio reached its highest level at 20.22 in the Dec 2016 quarter.
The current PE ratio of FULT is 21% lower than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 7, 2024), Fulton Financial's share price is $17.06. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.66. Therefore, Fulton Financial's PE ratio for today is 10.28. PE RATIO(10.28) = STOCK PRICE($17.06) / TTM EPS($1.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.