Bank of America Corporation is a major US bank headquartered in Charlotte, North Carolina. The company was at times the largest credit institution in the United States.
P/E ratio for Bank of America (BAC)
P/E ratio as of May 2024 (TTM): 10.7
According to Bank of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7214. At the end of 2022 the company had a P/E ratio of 10.3.
P/E ratio history for Bank of America from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.3 | -16.48% |
| 2021 | 12.4 | -22.72% |
| 2020 | 16.0 | 26.58% |
| 2019 | 12.7 | 36.25% |
| 2018 | 9.30 | -48.34% |
| 2017 | 18.0 | 28.69% |
| 2016 | 14.0 | 17.18% |
| 2015 | 11.9 | -75.98% |
| 2014 | 49.7 | 200.02% |
| 2013 | 16.6 | -64.77% |
| 2012 | 47.0 | -100% |
| 2011 | < -1000 | 5.5561050395362E+17% |
| 2010 | -36.1 | -78.45% |
| 2009 | -167 | -848.72% |
| 2008 | 22.3 | 79.83% |
| 2007 | 12.4 | 8.47% |
| 2006 | 11.5 | 1.79% |
| 2005 | 11.3 | -10.89% |
| 2004 | 12.6 | 14.18% |
| 2003 | 11.1 | -3.15% |
| 2002 | 11.4 | -22.87% |
| 2001 | 14.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 JPMorgan Chase JPM | 12.0 | 12.01% | 🇺🇸 USA |
 Wells Fargo WFC | 13.3 | 23.61% | 🇺🇸 USA |
 Citigroup C | 9.25 | -13.73% | 🇺🇸 USA |
 U.S. Bancorp USB | 12.5 | 16.45% | 🇺🇸 USA |
 Trustmark TRMK | 19.6 | 82.60% | 🇺🇸 USA |
 Barclays BCS | 6.42 | -40.09% | 🇬🇧 UK |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.