MTB M&T Bank PE ratio, current and historical analysis
As at Sep 11, 2024, the MTB stock has a price-to-earnings ratio of 12.24. This is based on the current EPS of $13.55 and the stock price of $165.89 per share. An increase of 33% has been recorded in the PE ratio compared to the average of 9.2 of the last four quarters.
MTB PE ratio history
The mean historical PE ratio of M&T Bank over the last ten years is 13.8. The current 12.24 P/E ratio is 11% lower than the historical average. In the past ten years, MTB's PE ratio peaked in the Mar 2018 quarter at 20.88, with a price of $184.36 and an EPS of $8.83. The Sep 2023 quarter marked the lowest point at 7.22, with a price of $126.45 and an EPS of $17.51.
M&T Bank PE ratio by year
Maximum annual increase: 19.55% in 2016
Maximum annual decrease: -42.73% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.65 | -30.91% |
| 2022 | 12.52 | 12.59% |
| 2021 | 11.12 | -13.19% |
| 2020 | 12.81 | 3.81% |
| 2019 | 12.34 | 9.88% |
| 2018 | 11.23 | -42.73% |
| 2017 | 19.61 | -2.24% |
| 2016 | 20.06 | 19.55% |
| 2015 | 16.78 | -0.24% |
| 2014 | 16.82 | 19.38% |
MTB average PE ratio chart
MTB's current P/E ratio is above the 3 and 5-year averages, but it is lower than the 10-year average.
MTB PE vs peers
MTB's PE ratio stands lower than its peer stocks BAC and PNC, but it is higher than WFC's and WTFC's. M&T Bank's current PE ratio of 12.24 is lower than the average of its peers, which is 14.44.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WTFC Wintrust Financial Corp | 10.47 | $6.79B |
| WFC Wells Fargo & Company | 10.88 | $182.88B |
| EVBN Evans Bancorp Inc | 11.13 | $213.46M |
| MTB M&T Bank Corp | 12.24 | $27.7B |
| BAC Bank Of America Corp | 13.59 | $302.62B |
| PNC Pnc Financial Services Group Inc | 14.83 | $70.4B |
| BKU BankUnited Inc | 15.44 | $2.61B |
| NBTB Nbt Bancorp Inc | 16.84 | $2.07B |
| CBSH Commerce Bancshares Inc | 16.85 | $7.82B |
| SHBI Shore Bancshares Inc | 19.97 | $459.1M |
| EGBN Eagle Bancorp Inc | N/A | $625.27M |
Frequently asked questions
What is M&T Bank's PE ratio?
As of Sep 11, 2024, MTB stock has a price to earnings ratio of 12.24.
What is the 3-year average PE ratio for M&T Bank (MTB)?
The average PE ratio for MTB stock over the past 3 years is 10.99.
What is the 5-year average PE ratio for M&T Bank (MTB)?
The average PE ratio for MTB stock over the past 5 years is 11.01.
What is the highest PE ratio for MTB?
Over the last ten years, the quarterly PE ratio reached a historic high of 20.88 in the Mar 2018 quarter.
How does the current PE ratio for MTB compare to its historical average?
MTB's current price to earnings ratio is 11% below its 10-year historical average.
How is MTB's PE ratio calculated (M&T Bank PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Sep 11, 2024), M&T Bank's stock price is $165.89. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $13.55. Therefore, M&T Bank's PE ratio for today is 12.24. PE RATIO(12.24) = STOCK PRICE($165.89) / TTM EPS($13.55)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.