ASB
Associated Banc-Corp
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: ASB
- PE Ratio
The PE ratio for Associated Banc-Corp stock stands at 10.17 as of Jun 22, 2026. This is calculated based on the TTM EPS of $2.89 and the stock price of $29.38 per share. A decrease of 50% has been observed in the PE ratio compared to its average of 20.4 of the past four quarters.
ASB PE ratio history
Over the last ten years, the average PE ratio of Associated Banc-Corp has been 14.26. The current 10.17 price-to-earnings ratio is 29% less than the historical average. Analyzing the last ten years, ASB's PE ratio reached its highest point in the Jun 2025 quarter at 34.35, with a price of $24.39 and an EPS of $0.71. The Jun 2020 quarter saw the lowest point at 6.36, with a price of $13.68 and an EPS of $2.15.
Associated Banc-Corp PE ratio by year
Maximum annual increase: 91.82% in 2023
Maximum annual decrease: -71.81% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 9.23 | -71.81% | $25.76 | $2.79 |
| 2024 | 32.74 | 74.52% | $23.9 | $0.73 |
| 2023 | 18.76 | 91.82% | $21.39 | $1.14 |
| 2022 | 9.78 | -4.77% | $23.09 | $2.36 |
| 2021 | 10.27 | 12.61% | $22.59 | $2.2 |
| 2020 | 9.12 | -20.14% | $17.05 | $1.87 |
| 2019 | 11.42 | 10.77% | $22.04 | $1.93 |
| 2018 | 10.31 | -41.15% | $19.79 | $1.92 |
| 2017 | 17.52 | -9.92% | $25.4 | $1.45 |
| 2016 | 19.45 | 24.44% | $24.7 | $1.27 |
| 2015 | 15.63 | -1.82% | $18.75 | $1.2 |
| 2014 | 15.92 | 0.63% | $18.63 | $1.17 |
| 2013 | 15.82 | 20.58% | $17.4 | $1.1 |
| 2012 | 13.12 | -22.46% | $13.12 | $1 |
| 2011 | 16.92 | N/A | $11.17 | $0.66 |
Associated Banc-Corp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 8.95 | -3.03% | $25.86 | $2.89 |
| Dec 2025 | 9.23 | -68.41% | $25.76 | $2.79 |
| Sep 2025 | 29.22 | -14.93% | $25.71 | $0.88 |
| Jun 2025 | 34.35 | 23.52% | $24.39 | $0.71 |
| Mar 2025 | 27.81 | -15.06% | $22.53 | $0.81 |
| Dec 2024 | 32.74 | 83.93% | $23.9 | $0.73 |
| Sep 2024 | 17.8 | -0.67% | $21.54 | $1.21 |
| Jun 2024 | 17.92 | -17.53% | $21.15 | $1.18 |
| Mar 2024 | 21.73 | 15.83% | $21.51 | $0.99 |
| Dec 2023 | 18.76 | 169.54% | $21.39 | $1.14 |
| Sep 2023 | 6.96 | 9.43% | $17.11 | $2.46 |
| Jun 2023 | 6.36 | -9.79% | $16.23 | $2.55 |
| Mar 2023 | 7.05 | -27.91% | $17.98 | $2.55 |
| Dec 2022 | 9.78 | 5.16% | $23.09 | $2.36 |
| Sep 2022 | 9.3 | 6.9% | $20.08 | $2.16 |
ASB Price vs fair value
ASB 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.
The current PE ratio of ASB is under its 3, 5 and 10-year averages.
PE comparison
Associated Banc-Corp's price to earnings (P/E) of 10.17 is lower than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 12.78, Associated Banc-Corp's price to earnings (P/E) is 20% lower.
ASB PE vs peers
When compared to its peer stocks WTFC and BPOP, ASB's PE ratio is lower. Associated Banc-Corp's PE ratio is trading below the peer average of 15.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ASB Associated Banc-Corp | 10.34 | $4.96B |
| BPOP Popular Inc | 12.18 | $10.65B |
| BUSE First Busey Corp | 12.67 | $2.44B |
| WTFC Wintrust Financial Corp | 13.01 | $10.62B |
| GBCI Glacier Bancorp Inc | 23.2 | $6.46B |
Frequently asked questions
What is Associated Banc-Corp's PE ratio?
ASB stock has a price to earnings ratio of 10.17 as of Jun 22, 2026.
What is the 3-year average PE ratio for Associated Banc-Corp (ASB)?
Over the last 3 years, the average PE ratio for ASB stock is 19.32.
What is the 5-year average PE ratio for Associated Banc-Corp (ASB)?
Over the last 5 years, the average PE ratio for ASB stock is 15.47.
What is the highest PE ratio for ASB?
Over the last ten years, the quarterly PE ratio reached its highest level at 34.35 in the Jun 2025 quarter.
How does the current PE ratio for ASB compare to its historical average?
The current PE ratio of ASB is 29% lower than the 10-year historical average.
How is ASB's PE ratio calculated (Associated Banc-Corp PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 22, 2026), Associated Banc-Corp's share price is $29.38. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.89. Therefore, Associated Banc-Corp's price to earnings ratio for today is 10.17. PE RATIO(10.17) = STOCK PRICE($29.38) / TTM EPS($2.89)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.