The current PE ratio for Truist Financial stock as of Nov 29, 2023 is 8.03. This is calculated based on the TTM EPS of $4 and the stock price of $32.13 per share. The PE ratio has increased by 2.6% from its last 4 quarters average of 7.8.
The average historical PE ratio of Truist Financial for the last ten years is 13.43. The current price-to-earnings ratio of 8.03 is 40% less than the historical average. Analyzing the last ten years, TFC's PE ratio reached its highest point in the Dec 2017 quarter at 17.88, when the price was $49.72 and the EPS was $2.78. The lowest point was recorded in the Jun 2023 quarter, when it reached 6.96 with a price of $30.35 and an EPS of $4.36.
Maximum annual increase: 58.29% in 2013
Maximum annual decrease: -38.81% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 9.65 | -25.65% |
| 2021 | 12.98 | -15.77% |
| 2020 | 15.41 | 2.87% |
| 2019 | 14.98 | 36.93% |
| 2018 | 10.94 | -38.81% |
| 2017 | 17.88 | 6.87% |
| 2016 | 16.73 | 14.59% |
| 2015 | 14.6 | 3.62% |
| 2014 | 14.09 | -16.18% |
| 2013 | 16.81 | 58.29% |
The current PE ratio of TFC is under its 3, 5 and 10-year averages.
When compared to its peer NIC, TFC's PE ratio is lower, but it is higher than NKSH's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NKSH National Bankshares Inc | 7.47 | $154.42M |
| TFC Truist Financial Corp | 8.03 | $42.85B |
| NIC Nicolet Bankshares Inc. | 18.85 | $1.11B |
As of Nov 29, 2023, TFC stock has a price to earnings ratio of 8.03.
The average PE ratio for TFC stock over the past 3 years is 11.53.
The average PE ratio for TFC stock over the past 5 years is 11.77.
Over the last ten years, the quarterly PE ratio reached its highest level at 17.88 in the Dec 2017 quarter.
The current PE ratio of TFC is 40% lower than the 10-year historical average.
TFC's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.03 is considered low.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Nov 29, 2023), Truist Financial's share price is $32.13. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2023 is $4. Therefore, Truist Financial's price to earnings ratio for today is 8.03. PE RATIO(8.03) = STOCK PRICE($32.13) / TTM EPS($4)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.