Bank of New York Mellon
BK
#435
Rank
$43.38 B
Marketcap
$58.02
Share price
-0.82%
Change (1 day)
31.36%
Change (1 year)

P/E ratio for Bank of New York Mellon (BK)

P/E ratio as of June 2024 (TTM): 13.6

According to Bank of New York Mellon's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.6047. 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
202215.612.04%
202114.026%
202011.1-0.04%
201911.11.51%
201810.9-24.16%
201714.4-3.95%
201615.0-0.7%
201515.10.11%
201415.1-24.46%
201320.059.62%
201212.528.16%
20119.76-33.43%
201014.7-158.18%
2009-25.2-206.73%
200823.67%
200722.1106.72%
200610.7-35.19%
200516.5-13.07%
200418.9-16.9%
200322.812.2%
200220.3-13.09%
200123.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
15.7 15.32%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5-15.17%๐Ÿ‡บ๐Ÿ‡ธ USA
12.3-9.86%๐Ÿ‡บ๐Ÿ‡ธ USA
8.76-35.61%๐Ÿ‡บ๐Ÿ‡ธ USA
10.3-24.27%๐Ÿ‡บ๐Ÿ‡ธ USA
13.2-2.80%๐Ÿ‡จ๐Ÿ‡ฆ 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.