Bank of America
BAC
#28
Rank
$326.98 B
Marketcap
$42.14
Share price
0.55%
Change (1 day)
56.13%
Change (1 year)

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 October 2024 (TTM): 11.7

According to Bank of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7382. 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
202210.3-16.48%
202112.4-22.72%
202016.026.58%
201912.736.25%
20189.30-48.34%
201718.028.69%
201614.017.18%
201511.9-75.98%
201449.7200.02%
201316.6-64.77%
201247.0-100%
2011< -10005.5561050395362E+17%
2010-36.1-78.45%
2009-167-848.72%
200822.379.83%
200712.48.47%
200611.51.79%
200511.3-10.89%
200412.614.18%
200311.1-3.15%
200211.4-22.87%
200114.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
14.0 19.17%๐Ÿ‡บ๐Ÿ‡ธ USA
9.11-22.38%๐Ÿ‡บ๐Ÿ‡ธ USA
13.5 14.98%๐Ÿ‡บ๐Ÿ‡ธ USA
13.3 12.91%๐Ÿ‡บ๐Ÿ‡ธ USA
7.15-39.08%๐Ÿ‡ฌ๐Ÿ‡ง UK
22.1 88.41%๐Ÿ‡บ๐Ÿ‡ธ USA

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.