Question 1

What is PNC Financial Services Group's P/E ratio?

Accepted Answer

PNC Financial Services Group (PNC) P/E ratio is 13.4× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for PNC Financial Services Group?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For PNC Financial Services Group specifically, the relevant sector benchmark is the current sector median of 13.1×.

Question 5

Is PNC Financial Services Group's P/E ratio high or low?

Accepted Answer

PNC Financial Services Group's P/E ratio of 13.4× is above its own 5-year average of 11.5× and above the sector median of 13.1×. That places the current reading at the 82th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is PNC Financial Services Group's historical P/E ratio range?

Accepted Answer

In the available daily series, PNC Financial Services Group (PNC) P/E ratio has ranged from a low of 5.2× in 2020 to a high of 50.6× in 2002. The 5-year average is 11.5× and the 5-year median is 11.9×.

Question 7

What was PNC Financial Services Group's P/E ratio in 2025?

Accepted Answer

PNC Financial Services Group (PNC) P/E ratio at the end of 2025 was 11.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does PNC Financial Services Group's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$82.2B	$6.94B	11.9×	-1.2×	Dec 31, 2025
2024	$76.9B	$5.89B	13.1×	+2.0×	Dec 31, 2024
2023	$61.9B	$5.58B	11.1×	+0.5×	Dec 31, 2023
2022	$63.8B	$6.04B	10.6×	-4.4×	Dec 31, 2022
2021	$85B	$5.67B	15.0×	+9.7×	Dec 31, 2021
2020	$63.3B	$12.1B	5.2×	-8.3×	Dec 31, 2020
2019	$69.8B	$5.16B	13.5×	+3.4×	Dec 31, 2019
2018	$53.9B	$5.3B	10.2×	-2.7×	Dec 31, 2018
2017	$68.7B	$5.34B	12.9×	-1.7×	Dec 31, 2017
2016	$57B	$3.9B	14.6×	+2.8×	Dec 31, 2016
2015	$48.2B	$4.11B	11.7×	+0.3×	Dec 31, 2015
2014	$47.8B	$4.18B	11.4×	+1.6×	Dec 31, 2014
2013	$41.1B	$4.19B	9.8×	-0.4×	Dec 31, 2013
2012	$30.7B	$3.01B	10.2×	+0.3×	Dec 31, 2012
2011	$30.2B	$3.06B	9.9×	+0.5×	Dec 31, 2011
2010	$31.8B	$3.39B	9.4×	-0.5×	Dec 31, 2010
2009	$24.3B	$2.45B	9.9×	-9.4×	Dec 31, 2009
2008	$17.1B	$882M	19.3×	+4.3×	Dec 31, 2008
2007	$22.1B	$1.47B	15.1×	+6.3×	Dec 31, 2007
2006	$22.8B	$2.6B	8.8×	-4.7×	Dec 31, 2006
2005	$17.9B	$1.33B	13.5×	+0.0×	Dec 31, 2005
2004	$16.1B	$1.2B	13.5×	-1.7×	Dec 31, 2004
2003	$15.2B	$1B	15.1×	+5.1×	Dec 31, 2003
2002	$11.9B	$1.18B	10.0×	—	Dec 31, 2002


Ameriprise Financial (AMP)	10.6×
Auburn National Bancorporation (AUBN)	10.5×
1st Source (SRCE)	10.5×
Truist Financial (TFC)	10.4×
Eagle Financial Services (EFSI)	10.0×
Prudential Financial (PRU)	9.8×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL-PD)	9.3×
Hartford Insurance Group (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Travelers Companies (TRV)	8.4×
PayPal (PYPL)	8.2×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Group (EG)	6.5×
Mercury General (MCY)	5.8×
Allstate (ALL)	4.4×
Atlantic Union Bankshares (AUB)	0.0×

P/E Ratio for PNC Financial Services Group (PNC) 2002-2026

P/E Ratio daily chart for PNC Financial Services Group (PNC)

Historical P/E Ratio for PNC Financial Services Group (PNC) from 2002 to 2025

About P/E Ratio at PNC Financial Services Group (PNC)

PNC Financial Services Group P/E Ratio by Year

PNC Financial Services Group P/E Ratio 2025: 11.9×

PNC Financial Services Group P/E Ratio 2024: 13.1×

PNC Financial Services Group P/E Ratio 2023: 11.1×

PNC Financial Services Group P/E Ratio 2022: 10.6×

PNC Financial Services Group P/E Ratio 2021: 15.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

PNC Financial Services Group (PNC) Key Financials