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MTB M&T Bank PE ratio, current and historical analysis

As at Jun 21, 2024, the MTB stock has a price-to-earnings ratio of 9.92. This is based on the current EPS of $14.87 and the stock price of $147.51 per share. An increase of 21% has been recorded in the PE ratio compared to the average of 8.2 of the last four quarters.

MTB PE ratio history

How has MTB's PE ratio performed in the past

The mean historical PE ratio of M&T Bank over the last ten years is 13.94. The current 9.92 P/E ratio is 29% 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.

Average
13.94
Median
14.08
Minimum
7.22
Maximum
20.88

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

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

MTB's current P/E ratio is lower than the 3, 5 and 10-year averages.

3-year avg
10.99
5-year avg
11.06
10-year avg
13.94
15-year avg
14.46

MTB PE vs peers

What is MTB's PE ratio compared to its peers

MTB's PE ratio stands lower than its peer stocks BAC and WFC, but it is higher than WTFC's and EGBN's. M&T Bank's current PE ratio of 9.92 is lower than the average of its peers, which is 12.2.

Stock name PE ratio Market cap
EGBN Eagle Bancorp Inc 6.7 $509.6M
EVBN Evans Bancorp Inc 7.16 $151.83M
WTFC Wintrust Financial Corp 9.58 $5.8B
MTB M&T Bank Corp 9.92 $24.61B
WFC Wells Fargo & Company 11.98 $202.55B
BKU BankUnited Inc 12.08 $2.1B
PNC Pnc Financial Services Group Inc 12.86 $60.96B
BAC Bank Of America Corp 13.52 $308.83B
NBTB Nbt Bancorp Inc 13.87 $1.71B
CBSH Commerce Bancshares Inc 15.19 $7.01B
SHBI Shore Bancshares Inc 19.09 $348.71M

Frequently asked questions

What is M&T Bank's PE ratio?

As of Jun 21, 2024, MTB stock has a price to earnings ratio of 9.92.

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 11.06.

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 29% below its 10-year historical average.

Why is M&T Bank's PE ratio so low?

MTB's PE ratio of 9.92 is considered low because the company's stock price is trading at a lower multiple of earnings.

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 (Jun 21, 2024), M&T Bank's stock price is $147.51. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $14.87. Therefore, M&T Bank's PE ratio for today is 9.92. PE RATIO(9.92) = STOCK PRICE($147.51) / TTM EPS($14.87)

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