As at Apr 26, 2024, the MTB stock has a price-to-earnings ratio of 9.24. This is based on the current EPS of $15.85 and the stock price of $146.38 per share. An increase of 15% has been recorded in the PE ratio compared to the average of 8.1 of the last four quarters.
The mean historical PE ratio of M&T Bank over the last ten years is 14.05. The current 9.24 P/E ratio is 34% 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 lower than the 3, 5 and 10-year averages.
MTB's PE ratio stands lower than its peer stocks BAC and WFC, but it is higher than EGBN's and EVBN's. M&T Bank's current PE ratio of 9.24 is lower than the average of its peers, which is 12.41.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EVBN Evans Bancorp Inc | 5.81 | $143.61M |
| EGBN Eagle Bancorp Inc | 5.86 | $580.92M |
| MTB M&T Bank Corp | 9.24 | $24.39B |
| WTFC Wintrust Financial Corp | 10.19 | $6.09B |
| BKU BankUnited Inc | 11.75 | $2.04B |
| BAC Bank Of America Corp | 12.2 | $297.82B |
| PNC Pnc Financial Services Group Inc | 12.2 | $62.1B |
| WFC Wells Fargo & Company | 12.28 | $214.32B |
| NBTB Nbt Bancorp Inc | 13.47 | $1.7B |
| CBSH Commerce Bancshares Inc | 15.22 | $7.2B |
| SHBI Shore Bancshares Inc | 25.07 | $349.71M |
As of Apr 26, 2024, MTB stock has a price to earnings ratio of 9.24.
The average PE ratio for MTB stock over the past 3 years is 11.1.
The average PE ratio for MTB stock over the past 5 years is 11.13.
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 34% below its 10-year historical average.
MTB's PE ratio of 9.24 is considered low because the company's stock price is trading at a lower multiple of earnings.
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 (Apr 26, 2024), M&T Bank's stock price is $146.38. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $15.85. Therefore, M&T Bank's PE ratio for today is 9.24. PE RATIO(9.24) = STOCK PRICE($146.38) / TTM EPS($15.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.