Bank of America
BAC
#28
Rank
$252.78 B
Marketcap
$31.46
Share price
-1.44%
Change (1 day)
-28.89%
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 2022 (TTM): 9.77

According to Bank of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.77019. 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
202112.4-22.72%
202016.026.58%
201912.736.25%
20189.30-48.97%
201718.219.56%
201615.230.41%
201511.7-74.52%
201445.9209.35%
201314.8-68.07%
201246.4-100%
2011< -10005.5561050395362E+17%
2010-36.1-78.45%
2009-167-848.72%
200822.3

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.