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 September 2023 (TTM): 7.98
According to Bank of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.97851. At the end of 2021 the company had a P/E ratio of 12.4.
P/E ratio history for Bank of America from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.4 | -22.72% |
| 2020 | 16.0 | 26.58% |
| 2019 | 12.7 | 36.25% |
| 2018 | 9.30 | -48.97% |
| 2017 | 18.2 | 19.56% |
| 2016 | 15.2 | 30.41% |
| 2015 | 11.7 | -74.52% |
| 2014 | 45.9 | 209.35% |
| 2013 | 14.8 | -68.07% |
| 2012 | 46.4 | -100% |
| 2011 | < -1000 | 5.5561050395362E+17% |
| 2010 | -36.1 | -78.45% |
| 2009 | -167 | -848.72% |
| 2008 | 22.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 JPMorgan Chase JPM | 9.41 | 17.97% | 🇺🇸 USA |
 Wells Fargo WFC | 10.3 | 28.70% | 🇺🇸 USA |
 Citigroup C | 6.09 | -23.71% | 🇺🇸 USA |
 U.S. Bancorp USB | 9.26 | 16.03% | 🇺🇸 USA |
 Trustmark TRMK | 12.3 | 54.48% | 🇺🇸 USA |
 Barclays BCS | 4.44 | -44.34% | 🇬🇧 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.