P/E ratio for Truist Financial (TFC)
P/E ratio as of April 2024 (TTM): 8.93
According to Truist Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.9275. At the end of 2022 the company had a P/E ratio of 9.65.
P/E ratio history for Truist Financial from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.65 | -25.68% |
| 2021 | 13.0 | -16.03% |
| 2020 | 15.5 | 4.32% |
| 2019 | 14.8 | 35.83% |
| 2018 | 10.9 | -38.99% |
| 2017 | 17.9 | 6.88% |
| 2016 | 16.7 | 14.62% |
| 2015 | 14.6 | 4.36% |
| 2014 | 14.0 | -16.78% |
| 2013 | 16.8 | 58.23% |
| 2012 | 10.6 | -22.33% |
| 2011 | 13.7 | -39.12% |
| 2010 | 22.5 | 4.51% |
| 2009 | 21.5 | 112.96% |
| 2008 | 10.1 | 4.68% |
| 2007 | 9.64 | -37.65% |
| 2006 | 15.5 | 11.83% |
| 2005 | 13.8 | -7.24% |
| 2004 | 14.9 | -17.42% |
| 2003 | 18.1 | 34.72% |
| 2002 | 13.4 | -19.83% |
| 2001 | 16.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Northeast Bank NBN | 8.82 | -1.17% | 🇺🇸 USA |
 National Bank Holdings
NBHC | 9.92 | 11.07% | 🇺🇸 USA |
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.