Question 1

What is U.S. Bancorp's P/E ratio?

Accepted Answer

U.S. Bancorp (USB) P/E ratio is 11.1× as of June 5, 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 U.S. Bancorp?

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 U.S. Bancorp specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is U.S. Bancorp's P/E ratio high or low?

Accepted Answer

U.S. Bancorp's P/E ratio of 11.1× is above its own 5-year average of 10.8× and below the sector median of 12.8×. That places the current reading at the 55th 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 U.S. Bancorp's historical P/E ratio range?

Accepted Answer

In the available daily series, U.S. Bancorp (USB) P/E ratio has ranged from a low of 7.4× in 2023 to a high of 23.2× in 2001. The 5-year average is 10.8× and the 5-year median is 10.7×.

Question 7

What was U.S. Bancorp's P/E ratio in 2025?

Accepted Answer

U.S. Bancorp (USB) P/E ratio at the end of 2025 was 11.0×. 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 U.S. Bancorp'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	$82.97B	$7.58B	11.0×	-0.9×	Dec 31, 2025
2024	$74.61B	$6.30B	11.8×	-0.6×	Dec 31, 2024
2023	$67.39B	$5.43B	12.4×	+1.2×	Dec 31, 2023
2022	$65.46B	$5.83B	11.2×	+0.8×	Dec 31, 2022
2021	$83.30B	$7.96B	10.5×	-3.7×	Dec 31, 2021
2020	$70.21B	$4.96B	14.2×	+0.8×	Dec 31, 2020
2019	$92.26B	$6.91B	13.3×	+2.9×	Dec 31, 2019
2018	$73.81B	$7.10B	10.4×	-3.9×	Dec 31, 2018
2017	$88.89B	$6.22B	14.3×	-0.5×	Dec 31, 2017
2016	$87.33B	$5.89B	14.8×	+2.2×	Dec 31, 2016
2015	$74.54B	$5.88B	12.7×	-1.0×	Dec 31, 2015
2014	$80.33B	$5.85B	13.7×	+1.1×	Dec 31, 2014
2013	$73.57B	$5.84B	12.6×	+2.0×	Dec 31, 2013
2012	$59.80B	$5.65B	10.6×	+0.0×	Dec 31, 2012
2011	$51.50B	$4.87B	10.6×	-5.0×	Dec 31, 2011
2010	$51.62B	$3.32B	15.6×	-3.9×	Dec 31, 2010
2009	$42.95B	$2.21B	19.5×	+4.6×	Dec 31, 2009
2008	$43.87B	$2.95B	14.9×	+1.9×	Dec 31, 2008
2007	$54.94B	$4.24B	12.9×	-0.4×	Dec 31, 2007
2006	$63.40B	$4.75B	13.3×	+1.4×	Dec 31, 2006
2005	$53.83B	$4.49B	12.0×	-1.9×	Dec 31, 2005
2004	$58.00B	$4.17B	13.9×	-1.4×	Dec 31, 2004
2003	$56.24B	$3.66B	15.3×	+3.1×	Dec 31, 2003
2002	$40.15B	$3.29B	12.2×	-11.0×	Dec 31, 2002
2001	$39.62B	$1.71B	23.2×	—	Dec 31, 2001


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for U.S. Bancorp (USB)

P/E Ratio daily chart for U.S. Bancorp (USB)

Historical P/E Ratio for U.S. Bancorp (USB) from 2001 to 2025

About P/E Ratio at U.S. Bancorp (USB)

U.S. Bancorp P/E Ratio by Year

U.S. Bancorp P/E Ratio 2025: 11.0×

U.S. Bancorp P/E Ratio 2024: 11.8×

U.S. Bancorp P/E Ratio 2023: 12.4×

U.S. Bancorp P/E Ratio 2022: 11.2×

U.S. Bancorp P/E Ratio 2021: 10.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

U.S. Bancorp (USB) Key Financials

P/E Ratio daily chart for U.S. Bancorp (USB)

Historical P/E Ratio for U.S. Bancorp (USB) from 2001 to 2025

About P/E Ratio at U.S. Bancorp (USB)

U.S. Bancorp P/E Ratio by Year

U.S. Bancorp P/E Ratio 2025: 11.0×

U.S. Bancorp P/E Ratio 2024: 11.8×

U.S. Bancorp P/E Ratio 2023: 12.4×

U.S. Bancorp P/E Ratio 2022: 11.2×

U.S. Bancorp P/E Ratio 2021: 10.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is U.S. Bancorp's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for U.S. Bancorp?

+Is U.S. Bancorp's P/E ratio high or low?

+What is U.S. Bancorp's historical P/E ratio range?

+What was U.S. Bancorp's P/E ratio in 2025?

+Why does U.S. Bancorp's P/E ratio change over time?

U.S. Bancorp (USB) Key Financials