As of Jul 25, 2024, the Bank Of America stock's price-to-earnings ratio is 14.27. This results from the current EPS of $2.92 and stock price of $41.68. The PE ratio has increased by 44% from the past four quarters average of 9.9.
The PE ratio of Bank Of America has averaged 13.79 over the last ten years. The current price-to-earnings ratio of 14.27 is 3.5% more 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.
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's current P/E ratio is above the 3, 5 and 10-year averages.
BAC's PE ratio is less than its peer stocks C and USB, but it is above JPM's and WFC's. Bank Of America's current PE ratio of 14.27 is in line with the average of its peer group, which is 14.38.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WFC Wells Fargo & Company | 12.45 | $210.54B |
| JPM Jpmorgan Chase & Co | 12.79 | $609.48B |
| TRMK Trustmark Corp | 13.78 | $2.17B |
| BAC Bank Of America Corp | 14.27 | $325.87B |
| USB Us Bancorp | 15.1 | $70.94B |
| C Citigroup Inc | 18.89 | $124.33B |
The price to earnings ratio for BAC stock is 14.27 as of Jul 25, 2024.
The average PE ratio for BAC stock over the past 3 years is 10.39.
The average PE ratio for BAC stock over the past 5 years is 11.35.
The highest quarterly PE ratio in the last ten years has been 42.63 and it was in the Sep 2014 quarter.
BAC's price to earnings ratio is currently 3.5% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), Bank Of America's stock price is $41.68. 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 14.27. PE RATIO(14.27) = STOCK PRICE($41.68) / TTM EPS($2.92)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.