MTB M&T Bank PE ratio, current and historical analysis
As at Nov 21, 2024, the MTB stock has a price-to-earnings ratio of 15.94. This is based on the current EPS of $13.59 and the stock price of $216.62 per share. An increase of 49% has been recorded in the PE ratio compared to the average of 10.7 of the last four quarters.
MTB PE ratio history
The mean historical PE ratio of M&T Bank over the last ten years is 13.69. The current 15.94 P/E ratio is 16% higher 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, 5 and 10-year averages.
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 15.94 is similar to the average of its peer group, which is 15.79.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SHBI Shore Bancshares Inc | 12.25 | $538.89M |
| EVBN Evans Bancorp Inc | 13.05 | $241.29M |
| WTFC Wintrust Financial Corp | 13.79 | $8.89B |
| WFC Wells Fargo & Company | 15.33 | $249.15B |
| MTB M&T Bank Corp | 15.94 | $35.94B |
| BAC Bank Of America Corp | 16.71 | $356.48B |
| BKU BankUnited Inc | 17.06 | $3.12B |
| NBTB Nbt Bancorp Inc | 17.19 | $2.33B |
| PNC Pnc Financial Services Group Inc | 17.38 | $81.64B |
| CBSH Commerce Bancshares Inc | 19.36 | $9.21B |
| EGBN Eagle Bancorp Inc | N/A | $868.29M |
Frequently asked questions
What is M&T Bank's PE ratio?
As of Nov 21, 2024, MTB stock has a price to earnings ratio of 15.94.
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 11.19.
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 11.1.
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 16% above 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 (Nov 21, 2024), M&T Bank's stock price is $216.62. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $13.59. Therefore, M&T Bank's PE ratio for today is 15.94. PE RATIO(15.94) = STOCK PRICE($216.62) / TTM EPS($13.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.