P/E ratio for Wells Fargo (WFC)
P/E ratio as of March 2023 (TTM): 9.41
According to Wells Fargo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.41131. 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 |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 8.51 | -9.60% | 🇺🇸 USA |
 KeyCorp (KeyBank) KEY | 5.10 | -45.81% | 🇺🇸 USA |
 PNC Financial Services PNC | 9.20 | -2.21% | 🇺🇸 USA |
 Regions Financial
RF | 8.64 | -8.24% | 🇺🇸 USA |
 JPMorgan Chase JPM | 10.7 | 13.54% | 🇺🇸 USA |
 Citigroup C | 5.82 | -38.19% | 🇺🇸 USA |
 U.S. Bancorp USB | 8.33 | -11.51% | 🇺🇸 USA |
 Great Southern Bancorp GSBC | 8.48 | -9.91% | 🇺🇸 USA |
 First Horizon National FHN | 10.2 | 8.17% | 🇺🇸 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.