Wells Fargo
WFC
#59
Rank
$202.56 B
Marketcap
$57.30
Share price
0.30%
Change (1 day)
36.98%
Change (1 year)

P/E ratio for Wells Fargo (WFC)

P/E ratio as of June 2024 (TTM): 12.2

According to Wells Fargo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.2334. At the end of 2022 the company had a P/E ratio of 12.8.

P/E ratio history for Wells Fargo from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.833.9%
20219.58-84.69%
202062.6372.09%
201913.328.54%
201810.3-30.17%
201714.87.95%
201613.75.91%
201512.9-1.78%
201413.114.38%
201311.514.33%
201210.13.96%
20119.67-30.41%
201013.9-8.35%
200915.2-56.79%
200835.1180.16%
200712.5-11.93%
200614.22.78%
200513.8-7.81%
200415.0-5.94%
200316.08.62%
200214.7-32.4%
200121.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.8-11.52%๐Ÿ‡บ๐Ÿ‡ธ USA
10.8-11.53%๐Ÿ‡บ๐Ÿ‡ธ USA
10.4-14.77%๐Ÿ‡บ๐Ÿ‡ธ USA
7.52-38.56%๐Ÿ‡บ๐Ÿ‡ธ USA
11.6-5.32%๐Ÿ‡บ๐Ÿ‡ธ USA
8.60-29.68%๐Ÿ‡บ๐Ÿ‡ธ USA
11.4-6.46%๐Ÿ‡บ๐Ÿ‡ธ USA
8.04-34.26%๐Ÿ‡บ๐Ÿ‡ธ USA
8.47-30.73%๐Ÿ‡บ๐Ÿ‡ธ 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.