As at Apr 26, 2024, the PFG stock has a PE ratio of 30.67. This is based on the current EPS of $2.58 and the stock price of $79.12 per share. An increase of 111% has been seen in the P/E ratio compared to the average of 14.5 of the last 4 quarters.
The mean historical PE ratio of Principal Financial Group over the last ten years is 10.7. The current 30.67 PE ratio is 187% 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 higher than its peer stocks PRU and PRI.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PRI Primerica Inc | 13.37 | $7.44B |
| PRU Prudential Financial Inc | 16.35 | $39.67B |
| PFG Principal Financial Group Inc | 30.67 | $18.66B |
As of Apr 26, 2024, PFG stock has a price to earnings ratio of 30.67.
As an average over the last 3 years, PFG stock has a PE ratio of 10.68.
As an average over the last 5 years, PFG stock has a PE ratio of 10.33.
Within the last ten years, the current P/E ratio is at its peak with a value of 30.67.
PFG's current price to earnings ratio is 187% 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 (Apr 26, 2024), Principal Financial Group's stock price is $79.12. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.58. Therefore, Principal Financial Group's P/E ratio for today is 30.67. PE RATIO(30.67) = STOCK PRICE($79.12) / TTM EPS($2.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.