Question 1

What is Wells Fargo's P/E ratio?

Accepted Answer

Wells Fargo (WFC) P/E ratio is 11.8× 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 Wells Fargo?

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 Wells Fargo specifically, the relevant sector benchmark is the current sector median of 13.1×.

Question 5

Is Wells Fargo's P/E ratio high or low?

Accepted Answer

Wells Fargo's P/E ratio of 11.8× is above its own 5-year average of 10.6× and below the sector median of 13.1×. That places the current reading at the 61th 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 Wells Fargo's historical P/E ratio range?

Accepted Answer

In the available daily series, Wells Fargo (WFC) P/E ratio has ranged from a low of 7.0× in 2022 to a high of 41.4× in 2020. The 5-year average is 10.6× and the 5-year median is 10.7×.

Question 7

What was Wells Fargo's P/E ratio in 2025?

Accepted Answer

Wells Fargo (WFC) P/E ratio at the end of 2025 was 13.9×. 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 Wells Fargo'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	$296B	$21.3B	13.9×	+2.1×	Dec 31, 2025
2024	$233B	$19.7B	11.8×	+2.5×	Dec 31, 2024
2023	$178B	$19.1B	9.3×	-2.4×	Dec 31, 2023
2022	$157B	$13.4B	11.7×	+3.0×	Dec 31, 2022
2021	$188B	$21.5B	8.7×	-32.7×	Dec 31, 2021
2020	$125B	$3.02B	41.4×	+29.9×	Dec 31, 2020
2019	$226B	$19.5B	11.6×	+1.9×	Dec 31, 2019
2018	$215B	$22.4B	9.6×	-3.9×	Dec 31, 2018
2017	$302B	$22.4B	13.5×	+0.9×	Dec 31, 2017
2016	$277B	$21.9B	12.6×	+0.5×	Dec 31, 2016
2015	$278B	$22.9B	12.1×	-0.2×	Dec 31, 2015
2014	$285B	$23.1B	12.3×	+1.4×	Dec 31, 2014
2013	$239B	$21.9B	10.9×	+1.4×	Dec 31, 2013
2012	$180B	$18.9B	9.5×	+0.4×	Dec 31, 2012
2011	$145B	$15.9B	9.2×	-4.0×	Dec 31, 2011
2010	$163B	$12.4B	13.2×	+2.7×	Dec 31, 2010
2009	$129B	$12.3B	10.5×	-29.3×	Dec 31, 2009
2008	$106B	$2.66B	39.8×	+27.4×	Dec 31, 2008
2007	$99.7B	$8.06B	12.4×	-1.8×	Dec 31, 2007
2006	$120B	$8.48B	14.2×	+0.4×	Dec 31, 2006
2005	$106B	$7.67B	13.8×	-1.3×	Dec 31, 2005
2004	$105B	$7.01B	15.0×	-1.1×	Dec 31, 2004
2003	$100B	$6.2B	16.1×	+1.6×	Dec 31, 2003
2002	$78.8B	$5.43B	14.5×	—	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 Wells Fargo (WFC) 2002-2026

P/E Ratio daily chart for Wells Fargo (WFC)

Historical P/E Ratio for Wells Fargo (WFC) from 2002 to 2025

About P/E Ratio at Wells Fargo (WFC)

Wells Fargo P/E Ratio by Year

Wells Fargo P/E Ratio 2025: 13.9×

Wells Fargo P/E Ratio 2024: 11.8×

Wells Fargo P/E Ratio 2023: 9.3×

Wells Fargo P/E Ratio 2022: 11.7×

Wells Fargo P/E Ratio 2021: 8.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Wells Fargo (WFC) Key Financials