WAFD
Washington Federal
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: WAFD
- PE Ratio
As of Jul 2, 2026, the Washington Federal stock's PE ratio is 12.49. This takes into account the latest EPS of $3.07 and stock price of $38.34. The PE ratio marks an increase of 14% from its last 4 quarters average of 11.0.
WAFD PE ratio history
The PE ratio of Washington Federal has averaged 12.44 over the last ten years. The current P/E ratio of 12.49 is similar to the historical average. Looking back at the last ten years, WAFD's PE ratio peaked in the Dec 2016 quarter at 18.37, when the price was $34.35 and the EPS was $1.87. The lowest point was in the Jun 2023 quarter, when it reached 6.52 with a price of $26.52 and an EPS of $4.07.
Washington Federal PE ratio by year
Maximum annual increase: 102.32% in 2024
Maximum annual decrease: -38.58% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 11.47 | -17.72% | $30.29 | $2.64 |
| 2024 | 13.94 | 102.32% | $34.85 | $2.5 |
| 2023 | 6.89 | -21.88% | $25.62 | $3.72 |
| 2022 | 8.82 | -38.58% | $29.98 | $3.4 |
| 2021 | 14.36 | 55.58% | $34.31 | $2.39 |
| 2020 | 9.23 | -34.86% | $20.86 | $2.26 |
| 2019 | 14.17 | 6.3% | $36.99 | $2.61 |
| 2018 | 13.33 | -22.77% | $32 | $2.4 |
| 2017 | 17.26 | 15.76% | $33.65 | $1.95 |
| 2016 | 14.91 | 10.12% | $26.68 | $1.79 |
| 2015 | 13.54 | 3.75% | $22.75 | $1.68 |
| 2014 | 13.05 | -8.49% | $20.36 | $1.56 |
| 2013 | 14.26 | 10.46% | $20.68 | $1.45 |
| 2012 | 12.91 | 1.33% | $16.66 | $1.29 |
| 2011 | 12.74 | -11.65% | $12.74 | $1 |
Washington Federal PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 10.23 | -7.34% | $31.4 | $3.07 |
| Dec 2025 | 11.04 | -3.75% | $32.03 | $2.9 |
| Sep 2025 | 11.47 | 3.43% | $30.29 | $2.64 |
| Jun 2025 | 11.09 | 3.26% | $29.28 | $2.64 |
| Mar 2025 | 10.74 | -27.38% | $28.58 | $2.66 |
| Dec 2024 | 14.79 | 6.1% | $32.24 | $2.18 |
| Sep 2024 | 13.94 | 21.43% | $34.85 | $2.5 |
| Jun 2024 | 11.48 | 3.99% | $28.58 | $2.49 |
| Mar 2024 | 11.04 | 14.17% | $29.03 | $2.63 |
| Dec 2023 | 9.67 | 40.35% | $32.96 | $3.41 |
| Sep 2023 | 6.89 | 5.67% | $25.62 | $3.72 |
| Jun 2023 | 6.52 | -11.41% | $26.52 | $4.07 |
| Mar 2023 | 7.36 | -15.79% | $30.12 | $4.09 |
| Dec 2022 | 8.74 | -0.91% | $33.55 | $3.84 |
| Sep 2022 | 8.82 | -10.73% | $29.98 | $3.4 |
WAFD Price vs fair value
WAFD average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
WAFD's current PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
Washington Federal's price to earnings (P/E) of 12.49 is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 13.27, Washington Federal's price to earnings (P/E) is 6% lower.
WAFD PE vs peers
In comparison to its peer BANC, WAFD's PE ratio is lower, but it is higher than TSBK's and FSBW's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FSBW FS Bancorp Inc | 10.07 | $237.81M |
| TSBK Timberland Bancorp Inc | 11.4 | $349.67M |
| WAFD Washington Federal Inc | 12.49 | $2.83B |
| BANC Banc Of California Inc | 15.26 | $3.13B |
| BYFC Broadway Financial Corp | N/A | $90.33M |
| SMPL Simply Good Foods Co | N/A | $1.24B |
| RVSB Riverview Bancorp Inc | N/A | $109.74M |
Frequently asked questions
What is Washington Federal's PE ratio?
The price to earnings ratio for WAFD stock as of Jul 2, 2026, stands at 12.49.
What is the 3-year average PE ratio for Washington Federal (WAFD)?
The average PE ratio for WAFD stock over the past 3 years is 11.13.
What is the 5-year average PE ratio for Washington Federal (WAFD)?
The average PE ratio for WAFD stock over the past 5 years is 10.68.
What is the highest PE ratio for WAFD?
The highest quarterly PE ratio in the last ten years has been 18.37 and it was in the Dec 2016 quarter.
How does the current PE ratio for WAFD compare to its historical average?
WAFD's price to earnings ratio is currently 0.4% above its 10-year historical average.
How is WAFD's PE ratio calculated (Washington Federal PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 2, 2026), Washington Federal's share price is $38.34. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.07. Therefore, Washington Federal's PE ratio for today is 12.49. PE RATIO(12.49) = STOCK PRICE($38.34) / TTM EPS($3.07)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.