P/E ratio for U.S. Bancorp (USB)
P/E ratio as of May 2024 (TTM): 12.4
According to U.S. Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4077. At the end of 2022 the company had a P/E ratio of 11.8.
P/E ratio history for U.S. Bancorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.8 | 6.94% |
| 2021 | 11.0 | -27.57% |
| 2020 | 15.2 | 6.74% |
| 2019 | 14.2 | 29.12% |
| 2018 | 11.0 | -27.45% |
| 2017 | 15.2 | -3.68% |
| 2016 | 15.8 | 17.43% |
| 2015 | 13.4 | -7.76% |
| 2014 | 14.5 | 8.38% |
| 2013 | 13.4 | 19.76% |
| 2012 | 11.2 | 2.33% |
| 2011 | 11.0 | -28.94% |
| 2010 | 15.4 | -33.59% |
| 2009 | 23.2 | 50.32% |
| 2008 | 15.4 | 19.65% |
| 2007 | 12.9 | -6.24% |
| 2006 | 13.8 | 12.79% |
| 2005 | 12.2 | -13.52% |
| 2004 | 14.1 | -7.62% |
| 2003 | 15.3 | 18.75% |
| 2002 | 12.9 | -44.7% |
| 2001 | 23.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 10.5 | -15.34% | 🇺🇸 USA |
 Wells Fargo WFC | 13.1 | 5.67% | 🇺🇸 USA |
 Citigroup C | 9.13 | -26.44% | 🇺🇸 USA |
 Great Southern Bancorp GSBC | 8.32 | -32.95% | 🇺🇸 USA |
 National Bank Holdings
NBHC | 10.6 | -14.78% | 🇺🇸 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.