USB
U S Bancorp
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: USB
- PE Ratio
The PE ratio for U S Bancorp stock stands at 12.39 as of Aug 21, 2026. This takes into account the latest EPS of $5.01 and stock price of $62.05. An increase of 9% has been observed in the PE ratio compared to its average of 11.4 of the last four quarters.
USB PE ratio history
Over the last ten years, the average PE ratio of U S Bancorp has been 12.41. The current 12.39 P/E ratio is similar to the historical average. Looking back at the last ten years, USB's PE ratio peaked in the Sep 2017 quarter at 15.9, with a price of $53.59 and an EPS of $3.37. The Mar 2020 quarter marked the lowest point at 8.9, with a price of $34.45 and an EPS of $3.87.
U S Bancorp PE ratio by year
Maximum annual increase: 29.43% in 2019
Maximum annual decrease: -29.35% in 2011
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 11.55 | -8.48% | $53.36 | $4.62 |
| 2024 | 12.62 | -4.68% | $47.83 | $3.79 |
| 2023 | 13.24 | 12.01% | $43.28 | $3.27 |
| 2022 | 11.82 | 7.55% | $43.61 | $3.69 |
| 2021 | 10.99 | -27.84% | $56.17 | $5.11 |
| 2020 | 15.23 | 6.88% | $46.59 | $3.06 |
| 2019 | 14.25 | 29.43% | $59.29 | $4.16 |
| 2018 | 11.01 | -27.47% | $45.7 | $4.15 |
| 2017 | 15.18 | -3.98% | $53.58 | $3.53 |
| 2016 | 15.81 | 17.81% | $51.37 | $3.25 |
| 2015 | 13.42 | -7.45% | $42.67 | $3.18 |
| 2014 | 14.5 | 8.37% | $44.95 | $3.1 |
| 2013 | 13.38 | 19.36% | $40.4 | $3.02 |
| 2012 | 11.21 | 2.37% | $31.94 | $2.85 |
| 2011 | 10.95 | -29.35% | $27.05 | $2.47 |
U S Bancorp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 12.06 | 10.64% | $60.4 | $5.01 |
| Mar 2026 | 10.9 | -5.63% | $52.01 | $4.77 |
| Dec 2025 | 11.55 | 4.71% | $53.36 | $4.62 |
| Sep 2025 | 11.03 | 2.13% | $48.33 | $4.38 |
| Jun 2025 | 10.8 | 3.65% | $45.25 | $4.19 |
| Mar 2025 | 10.42 | -17.43% | $42.22 | $4.05 |
| Dec 2024 | 12.62 | -10.05% | $47.83 | $3.79 |
| Sep 2024 | 14.03 | 11% | $45.73 | $3.26 |
| Jun 2024 | 12.64 | -14.88% | $39.7 | $3.14 |
| Mar 2024 | 14.85 | 12.16% | $44.7 | $3.01 |
| Dec 2023 | 13.24 | 34.14% | $43.28 | $3.27 |
| Sep 2023 | 9.87 | 7.52% | $33.06 | $3.35 |
| Jun 2023 | 9.18 | -4.47% | $33.04 | $3.6 |
| Mar 2023 | 9.61 | -18.7% | $36.05 | $3.75 |
| Dec 2022 | 11.82 | 23.38% | $43.61 | $3.69 |
USB Price vs fair value
USB average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
USB's current PE ratio is higher than the 3 and 5-year averages, but it is lower than its 10-year average.
PE comparison
U S Bancorp's price to earnings (P/E) of 12.39 is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 13.27, U S Bancorp's price to earnings (P/E) is 7% lower.
USB PE vs peers
Frequently asked questions
What is U S Bancorp's PE ratio?
The price to earnings ratio for USB stock as of Aug 21, 2026, stands at 12.39.
What is the 3-year average PE ratio for U S Bancorp (USB)?
Over the last 3 years, the average price to earnings ratio for USB stock is 12.0.
What is the 5-year average PE ratio for U S Bancorp (USB)?
Over the last 5 years, the average price to earnings ratio for USB stock is 11.46.
What is the highest PE ratio for USB?
Over the last ten years, the quarterly PE ratio reached its highest level at 15.9 in the Sep 2017 quarter.
How does the current PE ratio for USB compare to its historical average?
USB's price to earnings ratio is currently 0.2% below its 10-year historical average.
How is USB's PE ratio calculated (U S Bancorp PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Aug 21, 2026), U S Bancorp's share price is $62.05. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $5.01. Therefore, U S Bancorp's PE ratio for today is 12.39. PE RATIO(12.39) = STOCK PRICE($62.05) / TTM EPS($5.01)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.