BAC Bank Of America PE ratio, current and historical analysis
As of Nov 21, 2024, the Bank Of America stock's price-to-earnings ratio is 16.71. This results from the current EPS of $2.78 and stock price of $46.46. The PE ratio has increased by 29% from the past four quarters average of 13.0.
BAC PE ratio history
The PE ratio of Bank Of America has averaged 13.08 over the last ten years. The current price-to-earnings ratio of 16.71 is 28% more than the historical average. In the past ten years, BAC's PE ratio reached its highest point in the Dec 2014 quarter at 41.6, when the stock price was $17.89 and the EPS was $0.43. 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.
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
BAC's current P/E ratio is above the 3, 5 and 10-year averages.
BAC PE vs 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 (16.71) than its peer group average of 15.13.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TRMK Trustmark Corp | 11.51 | $2.34B |
| JPM Jpmorgan Chase & Co | 13.59 | $689.08B |
| WFC Wells Fargo & Company | 15.33 | $249.15B |
| USB Us Bancorp | 15.76 | $80.17B |
| BAC Bank Of America Corp | 16.71 | $356.48B |
| C Citigroup Inc | 19.48 | $130.4B |
Frequently asked questions
What is Bank Of America's PE ratio?
The price to earnings ratio for BAC stock is 16.71 as of Nov 21, 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 10.82.
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 11.66.
What is the highest PE ratio for BAC?
The highest quarterly PE ratio in the last ten years has been 41.6 and it was in the Dec 2014 quarter.
How does the current PE ratio for BAC compare to its historical average?
BAC's price to earnings ratio is currently 28% above 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 (Nov 21, 2024), Bank Of America's stock price is $46.46. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $2.78. Therefore, Bank Of America's price to earnings ratio for today is 16.71. PE RATIO(16.71) = STOCK PRICE($46.46) / TTM EPS($2.78)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.