As at Oct 2, 2023, the PFG stock has a PE ratio of 10.42. This is based on the current EPS of $6.74 and the stock price of $70.21 per share. An increase of 79% has been seen in the P/E ratio compared to the average of 5.8 of the last 4 quarters.
The mean historical PE ratio of Principal Financial Group over the last ten years is 10.32. The current 10.42 PE ratio is comparable to the historical average. Over the past ten years, PFG's PE ratio was at its highest in the Dec 2013 quarter at 16.49, with a price of $49.31 and an EPS of $2.99. The Sep 2022 quarter recorded the bottom point at 3.43, with a price of $72.15 and an EPS of $21.03.
Maximum annual increase: 50.32% in 2013
Maximum annual decrease: -61.48% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 4.38 | -61.48% |
| 2021 | 11.37 | 16.38% |
| 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% |
| 2013 | 16.49 | 50.32% |
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 | 10.1 | $16.46B |
| PRI Primerica Inc | 15.34 | $6.72B |
| PRU Prudential Financial Inc | 30.23 | $33.13B |
As of Oct 2, 2023, PFG stock has a price to earnings ratio of 10.42.
As an average over the last 3 years, PFG stock has a PE ratio of 8.4.
As an average over the last 5 years, PFG stock has a PE ratio of 8.87.
Over the last ten years, the quarterly PE ratio reached a historic high of 16.49 in the Dec 2013 quarter.
PFG's current price to earnings ratio is 1% 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 (Oct 2, 2023), Principal Financial Group's stock price is $70.21. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $6.74. Therefore, Principal Financial Group's P/E ratio for today is 10.42. PE RATIO(10.42) = STOCK PRICE($70.21) / TTM EPS($6.74)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.