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BAC Bank Of America PE ratio, current and historical analysis

As of Jun 14, 2024, the Bank Of America stock's price-to-earnings ratio is 13.44. This results from the current EPS of $2.92 and stock price of $39.24. The PE ratio has increased by 36% from the past four quarters average of 9.9.

BAC PE ratio history

How has BAC's PE ratio performed in the past

The PE ratio of Bank Of America has averaged 14.03 over the last ten years. The current price-to-earnings ratio of 13.44 is 4.2% less than the historical average. In the past ten years, BAC's PE ratio reached its highest point in the Sep 2014 quarter at 42.63, when the stock price was $17.05 and the EPS was $0.4. The lowest point was recorded in the Sep 2023 quarter, when it reached 7.61 with a price of $27.38 and an EPS of $3.6.

Average
14.03
Median
12.28
Minimum
7.61
Maximum
42.63

Bank Of America PE ratio by year

Maximum annual increase: 151.21% in 2014

Maximum annual decrease: -70.67% in 2015

Year PE ratio Change
2023 10.86 5.23%
2022 10.32 -16.5%
2021 12.36 -23.33%
2020 16.12 26.83%
2019 12.71 36.23%
2018 9.33 -48.48%
2017 18.11 28.62%
2016 14.08 15.41%
2015 12.2 -70.67%
2014 41.6 151.21%

BAC average PE ratio chart

What is the average PE ratio of BAC for the past years

BAC's current P/E ratio is above the 3 and 5-year averages, but it is lower than the 10-year average.

3-year avg
10.67
5-year avg
11.29
10-year avg
14.03
15-year avg
27.05

BAC PE vs peers

What is BAC's PE ratio compared to its peers

BAC's PE ratio is less than its peer stock C, but it is above JPM's and WFC's. Bank Of America is presently trading at a higher PE ratio (13.44) than its peer group average of 12.9.

Stock name PE ratio Market cap
TRMK Trustmark Corp 10.86 $1.71B
JPM Jpmorgan Chase & Co 11.68 $556.47B
WFC Wells Fargo & Company 11.84 $200.11B
USB Us Bancorp 12.9 $60.59B
BAC Bank Of America Corp 13.44 $306.87B
C Citigroup Inc 17.2 $113.17B

Frequently asked questions

What is Bank Of America's PE ratio?

The price to earnings ratio for BAC stock is 13.44 as of Jun 14, 2024.

What is the 3-year average PE ratio for Bank Of America (BAC)?

The average PE ratio for BAC stock over the past 3 years is 10.67.

What is the 5-year average PE ratio for Bank Of America (BAC)?

The average PE ratio for BAC stock over the past 5 years is 11.29.

What is the highest PE ratio for BAC?

The highest quarterly PE ratio in the last ten years has been 42.63 and it was in the Sep 2014 quarter.

How does the current PE ratio for BAC compare to its historical average?

BAC's price to earnings ratio is currently 4.2% below its 10-year historical average.

How is BAC's PE ratio calculated (Bank Of America 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 14, 2024), Bank Of America's stock price is $39.24. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.92. Therefore, Bank Of America's price to earnings ratio for today is 13.44. PE RATIO(13.44) = STOCK PRICE($39.24) / TTM EPS($2.92)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.