Question 1

What is Wells Fargo's P/S ratio?

Accepted Answer

Wells Fargo (WFC) P/S ratio is 2.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Wells Fargo?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Wells Fargo specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

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

Accepted Answer

Wells Fargo's P/S ratio of 2.1× is above its own 5-year average of 1.9× and below the sector median of 2.2×. That places the current reading at the 56th 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/S ratio range?

Accepted Answer

In the available daily series, Wells Fargo (WFC) P/S ratio has ranged from a low of 1.0× in 2009 to a high of 3.3× in 2015. The 5-year average is 1.9× and the 5-year median is 1.9×.

Question 7

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

Accepted Answer

Wells Fargo (WFC) P/S ratio at the end of 2025 was 2.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Wells Fargo's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$296.29B	$123.53B	2.4×	+0.5×	Dec 31, 2025
2024	$232.69B	$125.40B	1.9×	+0.3×	Dec 31, 2024
2023	$178.22B	$115.34B	1.5×	-0.3×	Dec 31, 2023
2022	$156.90B	$83.07B	1.9×	-0.4×	Dec 31, 2022
2021	$188.45B	$82.41B	2.3×	+0.8×	Dec 31, 2021
2020	$124.87B	$81.37B	1.5×	-0.6×	Dec 31, 2020
2019	$225.80B	$103.92B	2.2×	+0.0×	Dec 31, 2019
2018	$215.00B	$101.06B	2.1×	-1.0×	Dec 31, 2018
2017	$301.78B	$96.66B	3.1×	+0.1×	Dec 31, 2017
2016	$276.96B	$92.64B	3.0×	-0.2×	Dec 31, 2016
2015	$277.70B	$87.80B	3.2×	-0.1×	Dec 31, 2015
2014	$284.65B	$85.99B	3.3×	+0.5×	Dec 31, 2014
2013	$239.27B	$86.60B	2.8×	+0.8×	Dec 31, 2013
2012	$180.21B	$89.76B	2.0×	+0.3×	Dec 31, 2012
2011	$145.29B	$86.11B	1.7×	-0.1×	Dec 31, 2011
2010	$162.89B	$92.47B	1.8×	+0.5×	Dec 31, 2010
2009	$128.60B	$98.45B	1.3×	-0.7×	Dec 31, 2009
2008	$105.61B	$52.54B	2.0×	+0.1×	Dec 31, 2008
2007	$99.70B	$52.86B	1.9×	-0.7×	Dec 31, 2007
2006	$120.05B	$47.24B	2.5×	-0.1×	Dec 31, 2006
2005	$105.52B	$40.41B	2.6×	-0.5×	Dec 31, 2005
2004	$105.35B	$33.88B	3.1×	+0.0×	Dec 31, 2004
2003	$100.09B	$32.31B	3.1×	+0.3×	Dec 31, 2003
2002	$78.83B	$28.47B	2.8×	+0.0×	Dec 31, 2002
2001	$74.05B	$26.89B	2.8×	—	Dec 31, 2001


Brookfield (BN)	1.3×
The Hartford (HIG)	1.3×
Chesapeake Financial Shares (CPKF)	1.3×
American Financial Group (AFG)	1.3×
Progressive (PGR)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
Travelers Companies (TRV)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
Synchrony Financial (SYF)	1.2×
Citigroup (C)	1.2×
AXIS Capital Holdings (AXS)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
Old Republic International (ORI)	1.0×
Everest Re Group (RE)	0.9×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Ally Financial (ALLY)	0.8×
Everest Re Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×

P/S Ratio for Wells Fargo (WFC)

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

Historical P/S Ratio for Wells Fargo (WFC) from 2001 to 2025

About P/S Ratio at Wells Fargo (WFC)

Wells Fargo P/S Ratio by Year

Wells Fargo P/S Ratio 2025: 2.4×

Wells Fargo P/S Ratio 2024: 1.9×

Wells Fargo P/S Ratio 2023: 1.5×

Wells Fargo P/S Ratio 2022: 1.9×

Wells Fargo P/S Ratio 2021: 2.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Wells Fargo (WFC) Key Financials

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

Historical P/S Ratio for Wells Fargo (WFC) from 2001 to 2025

About P/S Ratio at Wells Fargo (WFC)

Wells Fargo P/S Ratio by Year

Wells Fargo P/S Ratio 2025: 2.4×

Wells Fargo P/S Ratio 2024: 1.9×

Wells Fargo P/S Ratio 2023: 1.5×

Wells Fargo P/S Ratio 2022: 1.9×

Wells Fargo P/S Ratio 2021: 2.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Wells Fargo's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Wells Fargo?

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

+What is Wells Fargo's historical P/S ratio range?

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

+Why does Wells Fargo's P/S ratio change over time?

Wells Fargo (WFC) Key Financials