According to Wells Fargo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8533. At the end of 2022 the company had a P/E ratio of 12.8.
Year | P/E ratio | Change |
---|---|---|
2022 | 12.8 | 33.9% |
2021 | 9.58 | -84.69% |
2020 | 62.6 | 372.09% |
2019 | 13.3 | 28.54% |
2018 | 10.3 | -30.17% |
2017 | 14.8 | 7.95% |
2016 | 13.7 | 5.91% |
2015 | 12.9 | -1.78% |
2014 | 13.1 | 14.38% |
2013 | 11.5 | 14.33% |
2012 | 10.1 | 3.96% |
2011 | 9.67 | -30.41% |
2010 | 13.9 | -8.35% |
2009 | 15.2 | -56.79% |
2008 | 35.1 | 180.16% |
2007 | 12.5 | -11.93% |
2006 | 14.2 | 2.78% |
2005 | 13.8 | -7.81% |
2004 | 15.0 | -5.94% |
2003 | 16.0 | 8.62% |
2002 | 14.7 | -32.4% |
2001 | 21.7 |
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.