P/E ratio for Fifth Third Bank (FITB)
P/E ratio as of April 2024 (TTM): 9.72
According to Fifth Third Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.72159. At the end of 2022 the company had a P/E ratio of 9.74.
P/E ratio history for Fifth Third Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.74 | -15.5% |
| 2021 | 11.5 | -23.11% |
| 2020 | 15.0 | 65.73% |
| 2019 | 9.04 | 17.96% |
| 2018 | 7.66 | -26.99% |
| 2017 | 10.5 | -24.09% |
| 2016 | 13.8 | 42.44% |
| 2015 | 9.71 | -19.96% |
| 2014 | 12.1 | 19.41% |
| 2013 | 10.2 | 13.63% |
| 2012 | 8.94 | -15.65% |
| 2011 | 10.6 | -54.51% |
| 2010 | 23.3 | 35.34% |
| 2009 | 17.2 | -910.82% |
| 2008 | -2.12 | -116.73% |
| 2007 | 12.7 | -33.33% |
| 2006 | 19.0 | 40.81% |
| 2005 | 13.5 | -22.25% |
| 2004 | 17.4 | -9.67% |
| 2003 | 19.3 | -13.2% |
| 2002 | 22.2 | -37.44% |
| 2001 | 35.5 |
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.