The current P/E ratio for Wells Fargo stock as of Jul 25, 2024 is 12.31. This is calculated based on the TTM EPS of $4.85 and the stock price of $59.7 per share. The PE ratio has increased by 20% from its last 4 quarters average of 10.2.
The average historical PE ratio of Wells Fargo for the last ten years is 15.74. The current price-to-earnings ratio of 12.31 is 22% 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 Sep 2023 quarter, when it reached 8.6 with a price of $40.86 and an EPS of $4.75.
Maximum annual increase: 437.44% in 2020
Maximum annual decrease: -86.68% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.09 | -19.34% |
| 2022 | 12.51 | 33.8% |
| 2021 | 9.35 | -86.68% |
| 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% |
WFC's current PE ratio is higher than the 3-year average, but it is under its 5 and 10-year averages.
WFC's PE ratio is less than its peer stocks JPM and BAC, but it is above RF's and FHN's. Wells Fargo's current PE ratio of 12.31 is less than the average of its peers, which is 14.71.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FHN First Horizon Corp | 11.65 | $9.37B |
| RF Regions Financial Corp | 12.37 | $20.84B |
| WFC Wells Fargo & Company | 12.45 | $210.54B |
| GSBC Great Southern Bancorp Inc | 12.68 | $755.08M |
| JPM Jpmorgan Chase & Co | 12.79 | $609.48B |
| BAC Bank Of America Corp | 14.27 | $325.87B |
| USB Us Bancorp | 15.1 | $70.94B |
| PNC Pnc Financial Services Group Inc | 15.21 | $72.1B |
| C Citigroup Inc | 18.89 | $124.33B |
| KEY Keycorp | 20.84 | $15.52B |
WFC's price to earnings ratio is 12.31 as of Jul 25, 2024.
The 3-year average PE ratio for WFC stock is 10.23.
The 5-year average PE ratio for WFC stock is 19.1.
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 22% 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 (Jul 25, 2024), Wells Fargo's share price is $59.7. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.85. Therefore, Wells Fargo's price to earnings ratio for today is 12.31. PE RATIO(12.31) = STOCK PRICE($59.7) / TTM EPS($4.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.