The current P/E ratio for Wells Fargo stock as of Sep 28, 2023 is 10.13. This is calculated based on the TTM EPS of $4.04 and the stock price of $40.91 per share. The PE ratio has decreased by 9% from its last 4 quarters average of 11.1.
The average historical PE ratio of Wells Fargo for the last ten years is 15.82. The current price-to-earnings ratio of 10.13 is 36% less than the historical average. Analyzing the last ten years, WFC's PE ratio reached its highest point in the Dec 2020 quarter at 70.19, when the price was $30.18 and the EPS was $0.43. The lowest point was recorded in the Jun 2022 quarter, when it reached 9.24 with a price of $39.17 and an EPS of $4.24.
Maximum annual increase: 437.44% in 2020
Maximum annual decrease: -86.29% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 13.03 | 35.45% |
| 2021 | 9.62 | -86.29% |
| 2020 | 70.19 | 437.44% |
| 2019 | 13.06 | 22.17% |
| 2018 | 10.69 | -27.03% |
| 2017 | 14.65 | 7.17% |
| 2016 | 13.67 | 5.15% |
| 2015 | 13 | -1.14% |
| 2014 | 13.15 | 14.45% |
| 2013 | 11.49 | 14.33% |
WFC's current PE ratio is under its 3, 5 and 10-year averages.
WFC's PE ratio is above its peer stocks JPM and BAC. Wells Fargo's current PE ratio of 10.13 is more than the average of its peers, which is 7.61.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FHN First Horizon Corp | 5.6 | $6.26B |
| C Citigroup Inc | 6.5 | $79.62B |
| KEY Keycorp | 7.27 | $10.21B |
| RF Regions Financial Corp | 7.42 | $16.36B |
| GSBC Great Southern Bancorp Inc | 7.46 | $580.69M |
| BAC Bank Of America Corp | 7.91 | $220.11B |
| PNC Pnc Financial Services Group Inc | 8.53 | $49.54B |
| USB Us Bancorp | 9.25 | $51.03B |
| JPM Jpmorgan Chase & Co | 9.43 | $426.67B |
| WFC Wells Fargo & Company | 10.2 | $150.29B |
WFC's price to earnings ratio is 10.13 as of Sep 28, 2023.
The 3-year average PE ratio for WFC stock is 21.51.
The 5-year average PE ratio for WFC stock is 18.89.
Over the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 70.19.
The current PE ratio of WFC is 36% lower than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Sep 28, 2023), Wells Fargo's share price is $40.91. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $4.04. Therefore, Wells Fargo's price to earnings ratio for today is 10.13. PE RATIO(10.13) = STOCK PRICE($40.91) / TTM EPS($4.04)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.