Wells Fargo
WFC
#69
Rank
$150.85 B
Marketcap
$41.23
Share price
-2.58%
Change (1 day)
-0.70%
Change (1 year)

P/E ratio for Wells Fargo (WFC)

P/E ratio as of September 2023 (TTM): 10.3

According to Wells Fargo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2686. At the end of 2021 the company had a P/E ratio of 9.58.

P/E ratio history for Wells Fargo from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
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%
200835.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.98-22.30%๐Ÿ‡บ๐Ÿ‡ธ USA
7.12-30.63%๐Ÿ‡บ๐Ÿ‡ธ USA
8.31-19.03%๐Ÿ‡บ๐Ÿ‡ธ USA
7.31-28.86%๐Ÿ‡บ๐Ÿ‡ธ USA
9.41-8.34%๐Ÿ‡บ๐Ÿ‡ธ USA
6.09-40.72%๐Ÿ‡บ๐Ÿ‡ธ USA
9.26-9.85%๐Ÿ‡บ๐Ÿ‡ธ USA
7.50-26.93%๐Ÿ‡บ๐Ÿ‡ธ USA
5.51-46.34%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.