P/E ratio for Fifth Third Bank (FITB)
P/E ratio as of March 2023 (TTM): 7.44
According to Fifth Third Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.4362. At the end of 2021 the company had a P/E ratio of 11.5.
P/E ratio history for Fifth Third Bank from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
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.