Unlock Premium for Just $9.99/Month – Special Launch Offer, Limited Time Only Get Premium

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

As at Jul 7, 2025, the MTB stock has a price-to-earnings ratio of 13.38. This is based on the current EPS of $15 and the stock price of $200.67 per share. An increase of 9% has been recorded in the PE ratio compared to the average of 12.2 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 13.38. The current 13.38 P/E ratio is similar to 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.

Today
13.38
Average
13.38
Median
12.78
Minimum
7.22
Maximum
20.88

M&T Bank PE ratio by year

Maximum annual increase: 47.75% in 2024

Maximum annual decrease: -42.73% in 2018

Year PE ratio PE change Price EPS
2024 12.78 47.75% $188.01 $14.71
2023 8.65 -30.91% $137.08 $15.85
2022 12.52 12.59% $145.06 $11.59
2021 11.12 -13.19% $153.58 $13.81
2020 12.81 3.81% $127.3 $9.94
2019 12.34 9.88% $169.75 $13.76
2018 11.23 -42.73% $143.13 $12.75
2017 19.61 -2.24% $170.99 $8.72
2016 20.06 19.55% $156.43 $7.8
2015 16.78 -0.24% $121.18 $7.22
2014 16.82 19.38% $125.62 $7.47
2013 14.09 8.3% $116.42 $8.26
2012 13.01 8.6% $98.47 $7.57
2011 11.98 -21.29% $76.34 $6.37
2010 15.22 -34.03% $87.05 $5.72

M&T Bank PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Mar 2025 11.92 -6.73% $178.75 $15
Dec 2024 12.78 -2.52% $188.01 $14.71
Sep 2024 13.11 17.37% $178.12 $13.59
Jun 2024 11.17 14.21% $151.36 $13.55
Mar 2024 9.78 13.06% $145.44 $14.87
Dec 2023 8.65 19.81% $137.08 $15.85
Sep 2023 7.22 -0.41% $126.45 $17.51
Jun 2023 7.25 -20.77% $123.76 $17.06
Mar 2023 9.15 -26.92% $119.57 $13.07
Dec 2022 12.52 -24.53% $145.06 $11.59
Sep 2022 16.59 12.17% $176.32 $10.63
Jun 2022 14.79 14.39% $159.39 $10.78
Mar 2022 12.93 16.28% $169.5 $13.11
Dec 2021 11.12 3.93% $153.58 $13.81
Sep 2021 10.7 -4.21% $149.34 $13.96

MTB Price vs fair value

How does MTB's price compare to its estimated fair value based on its growth

MTB average PE ratio chart

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

MTB's current P/E ratio is above the 3 and 5-year averages.

3-year avg
10.92
5-year avg
11.38
10-year avg
13.38
15-year avg
13.73

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 BKU's. M&T Bank's current PE ratio of 13.38 is similar to the average of its peer group, which is 13.57.

Stock name PE ratio Market cap
SHBI Shore Bancshares Inc 11.1 $552.01M
BKU BankUnited Inc 11.54 $2.8B
WTFC Wintrust Financial Corp 12.72 $8.74B
MTB M&T Bank Corp 13.38 $32.21B
PNC Pnc Financial Services Group Inc 13.84 $77.63B
NBTB Nbt Bancorp Inc 14.24 $2.05B
BAC Bank Of America Corp 14.35 $366.5B
WFC Wells Fargo & Company 14.63 $267.95B
CBSH Commerce Bancshares Inc 16.11 $8.66B
EGBN Eagle Bancorp Inc N/A $620M

Frequently asked questions

What is M&T Bank's PE ratio?

As of Jul 7, 2025, MTB stock has a price to earnings ratio of 13.38.

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 10.92.

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 11.38.

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?

The current price to earnings ratio of MTB is the same as 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 (Jul 7, 2025), M&T Bank's stock price is $200.67. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $15. Therefore, M&T Bank's PE ratio for today is 13.38. PE RATIO(13.38) = STOCK PRICE($200.67) / TTM EPS($15)

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