As at Jul 25, 2024, the MTB stock has a price-to-earnings ratio of 11.67. This is based on the current EPS of $14.87 and the stock price of $173.51 per share. An increase of 42% has been recorded in the PE ratio compared to the average of 8.2 of the last four quarters.
The mean historical PE ratio of M&T Bank over the last ten years is 13.86. The current 11.67 P/E ratio is 16% 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.
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's current P/E ratio is above the 3 and 5-year averages, but it is lower than the 10-year average.
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 11.67 is lower than the average of its peers, which is 15.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EVBN Evans Bancorp Inc | 8.82 | $187M |
| EGBN Eagle Bancorp Inc | 8.95 | $680.93M |
| WTFC Wintrust Financial Corp | 11.23 | $6.8B |
| MTB M&T Bank Corp | 11.76 | $29.18B |
| WFC Wells Fargo & Company | 12.45 | $210.54B |
| BAC Bank Of America Corp | 14.27 | $325.87B |
| PNC Pnc Financial Services Group Inc | 15.21 | $72.1B |
| BKU BankUnited Inc | 16.76 | $2.91B |
| CBSH Commerce Bancshares Inc | 18.28 | $8.43B |
| NBTB Nbt Bancorp Inc | 19.1 | $2.35B |
| SHBI Shore Bancshares Inc | 26.63 | $486.37M |
As of Jul 25, 2024, MTB stock has a price to earnings ratio of 11.67.
The average PE ratio for MTB stock over the past 3 years is 10.97.
The average PE ratio for MTB stock over the past 5 years is 11.0.
Over the last ten years, the quarterly PE ratio reached a historic high of 20.88 in the Mar 2018 quarter.
MTB's current price to earnings ratio is 16% below its 10-year historical average.
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 (Jul 25, 2024), M&T Bank's stock price is $173.51. 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 11.67. PE RATIO(11.67) = STOCK PRICE($173.51) / TTM EPS($14.87)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.