As at Jul 26, 2024, the PFG stock has a PE ratio of 14.99. This is based on the current EPS of $5.44 and the stock price of $81.53 per share. A decrease of 14% has been seen in the P/E ratio compared to the average of 17.4 of the last 4 quarters.
The mean historical PE ratio of Principal Financial Group over the last ten years is 10.75. The current 14.99 PE ratio is 39% above the historical average. Over the past ten years, PFG's PE ratio was at its highest in the Dec 2023 quarter at 30.49, with a price of $78.67 and an EPS of $2.58. The Sep 2022 quarter recorded the bottom point at 3.56, with a price of $72.15 and an EPS of $20.26.
Maximum annual increase: 588.26% in 2023
Maximum annual decrease: -64.04% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 30.49 | 588.26% |
| 2022 | 4.43 | -64.04% |
| 2021 | 12.32 | 26.1% |
| 2020 | 9.77 | -11.18% |
| 2019 | 11 | 34.8% |
| 2018 | 8.16 | -7.48% |
| 2017 | 8.82 | -30.66% |
| 2016 | 12.72 | 16.27% |
| 2015 | 10.94 | -22.08% |
| 2014 | 14.04 | -14.86% |
PFG's current P/E ratio is above the 3, 5 and 10-year historical averages.
PFG's PE ratio is lower than its peer stocks PRU and PRI.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PFG Principal Financial Group Inc | 14.99 | $19.11B |
| PRI Primerica Inc | 15.24 | $8.62B |
| PRU Prudential Financial Inc | 21.15 | $44.57B |
As of Jul 26, 2024, PFG stock has a price to earnings ratio of 14.99.
As an average over the last 3 years, PFG stock has a PE ratio of 11.14.
As an average over the last 5 years, PFG stock has a PE ratio of 10.6.
Over the last ten years, the quarterly PE ratio reached a historic high of 30.49 in the Dec 2023 quarter.
PFG's current price to earnings ratio is 39% above its 10-year historical average.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Jul 26, 2024), Principal Financial Group's stock price is $81.53. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.44. Therefore, Principal Financial Group's P/E ratio for today is 14.99. PE RATIO(14.99) = STOCK PRICE($81.53) / TTM EPS($5.44)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.