Fifth Third Bancorp (FITB) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Banks - Regional
EV/EBITDA
↓
14.43
+20% vs avg
5yr avg: 12.07
30Y Low8.7·High38.4
P/FCF
↓
13.81
↓-96% vs avg
5yr avg: 312.26
30Y Low1.8·High64.2
P/B Ratio
↑
1.74
↑+38% vs avg
5yr avg: 1.26
30Y Low0.4·High8.1
ROE
↑
11.9%
↓+7% vs avg
5yr avg: 11.2%
30Y Low-20%·High25%
Debt/EBITDA
↓
5.56
+4% vs avg
5yr avg: 5.34
30Y Low3.3·High11.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FITB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fifth Third Bancorp trades at 15.8x earnings, 30% above its 5-year average of 12.1x, sitting at the 59th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 20%. On a free-cash-flow basis, the stock trades at 13.8x P/FCF, 96% below the 5-year average of 312.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $33.3B | $29.1B | $23.7B | $22.8B | $31.0B | $19.8B | $22.1B | $16.1B | $22.5B | $20.6B | $16.2B |
| Enterprise Value | $49.2B | $45.0B | $40.0B | $37.9B | $40.6B | $32.7B | $34.6B | $30.1B | $38.7B | $35.9B | $30.6B |
| P/E Ratio → | 15.82 | 13.46 | 10.71 | 9.79 | 11.68 | 15.07 | 9.23 | 7.69 | 10.72 | 13.97 | 10.00 |
| P/S Ratio | 2.55 | 2.23 | 1.92 | 2.51 | 3.90 | 2.47 | 2.57 | 2.26 | 3.54 | 3.31 | 2.54 |
| P/B Ratio | 1.74 | 1.48 | 1.24 | 1.32 | 1.39 | 0.86 | 1.04 | 0.99 | 1.39 | 1.27 | 1.02 |
| P/FCF | 13.81 | 12.06 | 5.94 | 3.97 | 12.93 | 1526.39 | 14.56 | 6.05 | 17.99 | 11.59 | 7.48 |
| P/OCF | 11.78 | 10.29 | 5.26 | 3.55 | 11.45 | 53.49 | 12.14 | 5.65 | 15.18 | 9.86 | 6.71 |
P/E links to full P/E history page with 30-year chart
FITB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Fifth Third Bancorp's enterprise value stands at 14.4x EBITDA, 20% above its 5-year average of 12.1x. The Financial Services sector median is 11.5x, placing the stock at a 26% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.45 | 3.24 | 4.18 | 5.11 | 4.07 | 4.01 | 4.22 | 6.11 | 5.76 | 4.79 |
| EV / EBITDA | 14.43 | 13.20 | 11.60 | 10.75 | 10.51 | 14.28 | 9.41 | 9.63 | 11.66 | 13.49 | 10.90 |
| EV / EBIT | 16.88 | 15.44 | 13.39 | 12.27 | 11.55 | 18.19 | 10.79 | 10.89 | 12.99 | 16.26 | 12.93 |
| EV / FCF | — | 18.68 | 10.02 | 6.61 | 16.96 | 2514.39 | 22.73 | 11.30 | 30.99 | 20.18 | 14.10 |
FITB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Fifth Third Bancorp earns an operating margin of 22.3%, roughly in line with the Financial Services sector average. Operating margins have compressed from 34.1% to 22.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.9% is modest. ROIC of 5.7% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.2% | 59.2% | 64.0% | 83.0% | 99.2% | 76.5% | 77.6% | 82.5% | 85.0% | 85.2% | 86.0% |
| Operating Margin | 22.3% | 22.3% | 24.2% | 34.1% | 44.3% | 22.4% | 37.1% | 38.7% | 47.0% | 35.4% | 37.0% |
| Net Profit Margin | 17.7% | 17.7% | 19.0% | 26.9% | 34.9% | 17.8% | 29.1% | 30.7% | 34.4% | 24.8% | 26.8% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.9% | 11.9% | 12.9% | 12.4% | 12.2% | 6.4% | 13.4% | 13.5% | 13.4% | 9.6% | 10.9% |
| ROA | 1.1% | 1.1% | 1.1% | 1.2% | 1.3% | 0.8% | 1.6% | 1.5% | 1.5% | 1.1% | 1.2% |
| ROIC | 5.7% | 5.7% | 6.0% | 6.6% | 7.1% | 3.5% | 6.9% | 6.1% | 6.5% | 5.0% | 5.4% |
| ROCE | 7.0% | 7.0% | 7.3% | 7.7% | 8.2% | 4.3% | 8.8% | 8.2% | 8.9% | 6.5% | 7.1% |
FITB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Fifth Third Bancorp carries a Debt/EBITDA ratio of 5.6x, which is highly leveraged (34% above the sector average of 4.1x). Net debt stands at $16.0B ($19.0B total debt minus $3.0B cash). Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.97 | 0.97 | 1.01 | 1.07 | 0.57 | 0.69 | 0.74 | 1.02 | 1.16 | 1.09 | 1.06 |
| Debt / EBITDA | 5.56 | 5.56 | 5.63 | 5.27 | 3.27 | 6.99 | 4.27 | 5.33 | 5.65 | 6.64 | 6.02 |
| Net Debt / Equity | — | 0.81 | 0.85 | 0.87 | 0.43 | 0.56 | 0.59 | 0.86 | 1.00 | 0.94 | 0.90 |
| Net Debt / EBITDA | 4.68 | 4.68 | 4.72 | 4.29 | 2.50 | 5.61 | 3.38 | 4.47 | 4.89 | 5.75 | 5.11 |
| Debt / FCF | — | 6.62 | 4.08 | 2.64 | 4.03 | 988.00 | 8.17 | 5.24 | 13.00 | 8.59 | 6.61 |
| Interest Coverage | 0.61 | 0.61 | 0.76 | 3.16 | 7.98 | 2.27 | 2.20 | 2.65 | 4.31 | 3.82 | 4.78 |
FITB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.38x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.0B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.38 | 0.38 | 0.47 | 0.41 | 0.48 | 0.50 | 0.36 | 0.38 | 0.40 | 0.39 | 0.37 |
| Quick Ratio | 0.38 | 0.38 | 0.47 | 0.41 | 0.48 | 0.50 | 0.36 | 0.38 | 0.40 | 0.39 | 0.37 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FITB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fifth Third Bancorp returns 5.3% to shareholders annually — split between a 3.4% dividend yield and 1.9% buyback yield. A payout ratio of 50.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.4% | 4.0% | 4.5% | 4.1% | 2.9% | 4.3% | 3.0% | 2.9% | 1.9% | 1.9% | 2.6% |
| Payout Ratio | 50.8% | 50.8% | 45.1% | 37.9% | 32.4% | 60.1% | 26.3% | 21.3% | 19.7% | 26.0% | 24.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.3% | 7.4% | 9.3% | 10.2% | 8.6% | 6.6% | 10.8% | 13.0% | 9.3% | 7.2% | 10.0% |
| FCF Yield | 7.2% | 8.3% | 16.8% | 25.2% | 7.7% | 0.1% | 6.9% | 16.5% | 5.6% | 8.6% | 13.4% |
| Buyback Yield | 1.9% | 2.2% | 0.8% | 0.4% | 4.5% | 0.0% | 8.0% | 9.0% | 7.1% | 3.2% | 5.2% |
| Total Shareholder Yield | 5.3% | 6.2% | 5.3% | 4.5% | 7.4% | 4.3% | 10.9% | 11.9% | 9.1% | 5.2% | 7.8% |
| Shares Outstanding | — | $687M | $688M | $695M | $711M | $720M | $720M | $685M | $741M | $764M | $808M |
Peer Comparison
Compare FITB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FITBYou | $33B | 15.8 | 14.4 | 13.8 | 59.2% | 22.3% | 11.9% | 5.7% | 5.6 |
 RF | $24B | 12.2 | 6.5 | 11.1 | 74.6% | 28.5% | 11.7% | 8.5% | 1.7 |
 HBAN | $26B | 11.6 | 15.7 | 11.2 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 KEY | $24B | 14.3 | 14.5 | — | 62.3% | 20.6% | 9.5% | 5.4% | 4.7 |
 CFG | $28B | 21.2 | 12.1 | 14.7 | 57.6% | 15.3% | 6.2% | 3.8% | 5.2 |
 MTB | $33B | 14.6 | 6.7 | 9.6 | 64.3% | 24.7% | 9.2% | 6.0% | 3.6 |
 ZION | $9B | 12.7 | 8.9 | 8.8 | 61.2% | 20.3% | 13.3% | 7.3% | 3.8 |
 CMA | $11B | 16.8 | 16.1 | — | 68.1% | 19.1% | 10.1% | 5.2% | 5.5 |
 USB | $86B | 12.0 | 11.4 | — | 62.8% | 22.2% | 12.2% | 5.2% | 7.6 |
 PNC | $89B | 16.0 | 13.9 | 11.3 | 59.4% | 21.5% | 11.2% | 4.5% | 8.2 |
 TFC | $65B | 14.8 | 232.7 | 30.3 | 47.0% | -2.5% | 7.8% | -0.4% | 164.7 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonFITB — Frequently Asked Questions
Quick answers to the most common questions about buying FITB stock.
What is Fifth Third Bancorp's P/E ratio?
Fifth Third Bancorp's current P/E ratio is 15.8x. The historical average is 19.1x. This places it at the 59th percentile of its historical range.
What is Fifth Third Bancorp's EV/EBITDA?
Fifth Third Bancorp's current EV/EBITDA is 14.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.9x.
What is Fifth Third Bancorp's ROE?
Fifth Third Bancorp's return on equity (ROE) is 11.9%. The historical average is 12.6%.
Is FITB stock overvalued?
Based on historical data, Fifth Third Bancorp is trading at a P/E of 15.8x. This is at the 59th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Fifth Third Bancorp's dividend yield?
Fifth Third Bancorp's current dividend yield is 3.44% with a payout ratio of 50.8%.
What are Fifth Third Bancorp's profit margins?
Fifth Third Bancorp has 59.2% gross margin and 22.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Fifth Third Bancorp have?
Fifth Third Bancorp's Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.