Fifth Third Bank
FITB
#820
Rank
$22.74 B
Marketcap
$33.40
Share price
-0.27%
Change (1 day)
-7.04%
Change (1 year)
Fifth Third Bank (5/3 Bank) is an American regional bank headquartered in Cincinnati, Ohio.

P/E ratio for Fifth Third Bank (FITB)

P/E ratio as of February 2024 (TTM): 9.49

According to Fifth Third Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.48864. 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
20229.74-15.5%
202111.5-23.11%
202015.065.73%
20199.0417.96%
20187.66-26.99%
201710.5-24.09%
201613.842.44%
20159.71-19.96%
201412.119.41%
201310.213.63%
20128.94-15.65%
201110.6-54.51%
201023.335.34%
200917.2-910.82%
2008-2.12-116.73%
200712.7-33.33%
200619.040.81%
200513.5-22.25%
200417.4-9.67%
200319.3-13.2%
200222.2-37.44%
200135.5

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.