P/E ratio for Comerica (CMA)
P/E ratio as of June 2024 (TTM): 5.42
According to Comerica's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.41957. At the end of 2022 the company had a P/E ratio of 7.80.
P/E ratio history for Comerica from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.80 | -24.51% |
| 2021 | 10.3 | -36.74% |
| 2020 | 16.3 | 80.75% |
| 2019 | 9.04 | -3.7% |
| 2018 | 9.38 | -54.17% |
| 2017 | 20.5 | -17.03% |
| 2016 | 24.7 | 72.26% |
| 2015 | 14.3 | 0.01% |
| 2014 | 14.3 | -12.02% |
| 2013 | 16.3 | 43.81% |
| 2012 | 11.3 | -7.41% |
| 2011 | 12.2 | -76.26% |
| 2010 | 51.5 | -298.59% |
| 2009 | -25.9 | -271.18% |
| 2008 | 15.2 | 54.9% |
| 2007 | 9.78 | -7.15% |
| 2006 | 10.5 | -4.04% |
| 2005 | 11.0 | -20.66% |
| 2004 | 13.8 | -6.46% |
| 2003 | 14.8 | 22.81% |
| 2002 | 12.0 | -17.39% |
| 2001 | 14.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 10.9 | 101.79% | 🇺🇸 USA |
 Huntington Bancshares
HBAN | 8.01 | 47.85% | 🇺🇸 USA |
 KeyCorp (KeyBank) KEY | 11.0 | 102.97% | 🇺🇸 USA |
 PNC Financial Services PNC | 10.5 | 94.31% | 🇺🇸 USA |
 Regions Financial
RF | 7.75 | 42.96% | 🇺🇸 USA |
 JPMorgan Chase JPM | 11.5 | 112.95% | 🇺🇸 USA |
 Wells Fargo WFC | 12.3 | 126.28% | 🇺🇸 USA |
 WesBanco WSBC | 9.43 | 73.91% | 🇺🇸 USA |
 Old National Bank
ONB | 7.31 | 34.83% | 🇺🇸 USA |
 Cullen/Frost Bankers CFR | 9.14 | 68.69% | 🇺🇸 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.