P/E ratio for Bank of New York Mellon (BK)
P/E ratio as of June 2024 (TTM): 13.5
According to Bank of New York Mellon's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.493. At the end of 2022 the company had a P/E ratio of 15.6.
P/E ratio history for Bank of New York Mellon from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.6 | 12.04% |
| 2021 | 14.0 | 26% |
| 2020 | 11.1 | -0.04% |
| 2019 | 11.1 | 1.51% |
| 2018 | 10.9 | -24.16% |
| 2017 | 14.4 | -3.95% |
| 2016 | 15.0 | -0.7% |
| 2015 | 15.1 | 0.11% |
| 2014 | 15.1 | -24.46% |
| 2013 | 20.0 | 59.62% |
| 2012 | 12.5 | 28.16% |
| 2011 | 9.76 | -33.43% |
| 2010 | 14.7 | -158.18% |
| 2009 | -25.2 | -206.73% |
| 2008 | 23.6 | 7% |
| 2007 | 22.1 | 106.72% |
| 2006 | 10.7 | -35.19% |
| 2005 | 16.5 | -13.07% |
| 2004 | 18.9 | -16.9% |
| 2003 | 22.8 | 12.2% |
| 2002 | 20.3 | -13.09% |
| 2001 | 23.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northern Trust
NTRS | 15.5 | 14.83% | 🇺🇸 USA |
 JPMorgan Chase JPM | 11.5 | -14.41% | 🇺🇸 USA |
 Wells Fargo WFC | 12.3 | -8.91% | 🇺🇸 USA |
 Citigroup C | 8.63 | -36.04% | 🇺🇸 USA |
 State Street Corporation
STT | 10.2 | -24.38% | 🇺🇸 USA |
 CIBC CM | 13.1 | -3.01% | 🇨🇦 Canada |
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.