Latest Ratios: P/E Ratio 19.0x · EV/EBITDA 15.5x · ROE 12.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $48.1B | $31.3B | $29.1B | $23.7B | $22.8B | $31.0B | $19.8B | $22.1B | $16.1B | $22.5B | $20.6B |
| Enterprise Value | $59.1B | $42.3B | $45.0B | $40.0B | $37.9B | $40.6B | $32.7B | $34.6B | $30.1B | $38.7B | $35.9B |
| P/E Ratio → | 18.98 | 13.22 | 13.46 | 10.71 | 9.79 | 11.68 | 15.07 | 9.23 | 7.69 | 10.72 | 13.97 |
| P/S Ratio | 4.10 | 3.50 | 3.52 | 2.82 | 2.81 | 4.13 | 2.74 | 3.09 | 2.65 | 3.98 | 3.64 |
| P/B Ratio | 1.63 | 1.44 | 1.48 | 1.24 | 1.32 | 1.39 | 0.86 | 1.04 | 0.99 | 1.39 | 1.27 |
| P/FCF | 17.32 | 8.23 | 12.06 | 5.94 | 3.97 | 12.93 | 1526.39 | 14.56 | 6.05 | 17.99 | 11.59 |
| P/OCF | 10.65 | 6.94 | 10.29 | 5.26 | 3.55 | 11.45 | 53.49 | 12.14 | 5.65 | 15.18 | 9.86 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.73 | 5.45 | 4.75 | 4.68 | 5.41 | 4.51 | 4.82 | 4.94 | 6.85 | 6.34 |
| EV / EBITDA | 15.51 | 11.25 | 13.20 | 11.60 | 10.75 | 10.51 | 14.28 | 9.41 | 9.63 | 11.66 | 13.49 |
| EV / EBIT | 18.41 | 13.19 | 15.44 | 13.39 | 12.27 | 11.55 | 18.19 | 10.79 | 10.89 | 12.99 | 16.26 |
| EV / FCF | — | 11.13 | 18.68 | 10.02 | 6.61 | 16.96 | 2514.39 | 22.73 | 11.30 | 30.99 | 20.18 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 93.9% | 93.9% | 93.6% | 93.9% | 93.1% | 105.0% | 84.9% | 93.4% | 96.6% | 95.4% | 93.9% |
| Operating Margin | 35.9% | 35.9% | 35.3% | 35.5% | 38.2% | 46.9% | 24.8% | 44.7% | 45.3% | 52.7% | 39.0% |
| Net Profit Margin | 28.2% | 28.2% | 28.0% | 27.9% | 30.2% | 36.9% | 19.7% | 35.1% | 36.0% | 38.6% | 27.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | 12.2% | 11.9% | 12.9% | 12.4% | 12.2% | 6.4% | 13.4% | 13.5% | 13.4% | 9.6% |
| ROA | 1.2% | 1.2% | 1.1% | 1.1% | 1.2% | 1.3% | 0.8% | 1.6% | 1.5% | 1.5% | 1.1% |
| ROIC | 6.4% | 6.4% | 5.7% | 6.0% | 6.6% | 7.1% | 3.5% | 6.9% | 6.1% | 6.5% | 5.0% |
| ROCE | 8.0% | 8.0% | 7.0% | 7.3% | 7.7% | 8.2% | 4.3% | 8.8% | 8.2% | 8.9% | 6.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.97 | 1.01 | 1.07 | 0.57 | 0.69 | 0.74 | 1.02 | 1.16 | 1.09 |
| Debt / EBITDA | 3.86 | 3.86 | 5.56 | 5.63 | 5.27 | 3.27 | 6.99 | 4.27 | 5.33 | 5.65 | 6.64 |
| Net Debt / Equity | — | 0.51 | 0.81 | 0.85 | 0.87 | 0.43 | 0.56 | 0.59 | 0.86 | 1.00 | 0.94 |
| Net Debt / EBITDA | 2.93 | 2.93 | 4.68 | 4.72 | 4.29 | 2.50 | 5.61 | 3.38 | 4.47 | 4.89 | 5.75 |
| Debt / FCF | — | 2.90 | 6.62 | 4.08 | 2.64 | 4.03 | 988.00 | 8.17 | 5.24 | 13.00 | 8.59 |
| Interest Coverage | 0.82 | 0.82 | 0.61 | 0.76 | 3.16 | 7.98 | 2.27 | 2.20 | 2.65 | 4.31 | 3.82 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.82 | 0.82 | 0.38 | 0.47 | 0.41 | 0.48 | 0.50 | 0.36 | 0.38 | 0.40 | 0.39 |
| Quick Ratio | 0.82 | 0.82 | 0.38 | 0.47 | 0.41 | 0.48 | 0.50 | 0.36 | 0.38 | 0.40 | 0.39 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.3% | 3.7% | 4.0% | 4.5% | 4.1% | 2.9% | 4.3% | 3.0% | 2.9% | 1.9% | 1.9% |
| Payout Ratio | 46.1% | 46.1% | 50.8% | 45.1% | 37.9% | 32.4% | 60.1% | 26.3% | 21.3% | 19.7% | 26.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 7.6% | 7.4% | 9.3% | 10.2% | 8.6% | 6.6% | 10.8% | 13.0% | 9.3% | 7.2% |
| FCF Yield | 5.8% | 12.1% | 8.3% | 16.8% | 25.2% | 7.7% | 0.1% | 6.9% | 16.5% | 5.6% | 8.6% |
| Buyback Yield | 1.1% | 1.7% | 2.2% | 0.8% | 0.4% | 4.5% | 0.0% | 8.0% | 9.0% | 7.1% | 3.2% |
| Total Shareholder Yield | 4.4% | 5.4% | 6.2% | 5.3% | 4.5% | 7.4% | 4.3% | 10.9% | 11.9% | 9.1% | 5.2% |
| Shares Outstanding | — | $669M | $687M | $688M | $695M | $711M | $720M | $720M | $685M | $741M | $764M |
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying FITB stock.
Fifth Third Bancorp's current P/E ratio is 19.0x. The historical average is 18.9x. This places it at the 66th percentile of its historical range.
Fifth Third Bancorp's current EV/EBITDA is 15.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.7x.
Fifth Third Bancorp's return on equity (ROE) is 12.2%. The historical average is 12.4%.
Based on historical data, Fifth Third Bancorp is trading at a P/E of 19.0x. This is at the 66th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Fifth Third Bancorp's current dividend yield is 3.28% with a payout ratio of 46.1%.
Fifth Third Bancorp has 93.9% gross margin and 35.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Fifth Third Bancorp's Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Credit cost and earnings volatility
Metrics are mathematically derived from official filings.
Discount to Peers Despite Premium Growth
Based on the supplied valuation data, FITB trades at 1.65 times book value and a 15.10 trailing P/E, sitting above the peer median P/B of roughly 1.18 while carrying a forward P/E of 17.54 that implies the market expects earnings recovery from recent volatility.
The P/B premium relative to most regional peers suggests the market is paying for a franchise with a larger deposit and fee base, yet ROE of recent quarters ranging from 0.6 to 3.4 percent falls well short of the 10 to 13 percent returns posted by ZION, RF and KEY, so the multiple appears to rest on normalization rather than current returns. Investors should monitor whether the implied return on tangible equity can close the gap, since the forward P/E premium only holds if provision expense stabilizes after the 2026Q1 spike.
ROE Recovery Hinges on Net Interest Margin
Decomposing reported figures, FITB's ROE moved from 2.7 percent in 2024Q1 to a volatile 0.6 to 3.4 percent band, with net interest margin holding near 0.7 percent and fee income steady at roughly 31 to 35 percent of revenue.
The DuPont mix shows profitability driven more by non-interest income contribution than by spread, as the thin 0.1 to 0.3 percent ROA combined with a low equity-to-assets ratio of about 0.10 implies leverage is doing little to lift returns. The 2026Q1 ROE collapse coincides with a sharp rise in provisions, indicating that core earnings power is being absorbed by credit costs rather than by a structural deterioration in margin, though this inference warrants further investigation.
Efficiency Swings Overwhelm Margin Stability
According to reported figures, FITB's efficiency ratio climbed from 55.1 percent in 2025Q3 to 84.7 percent in 2026Q1 before easing to 62.5 percent, while NIM stayed within a narrow 0.6 to 0.8 percent band across the ten quarters.
The stable margin combined with the efficiency ratio swing suggests the problem is on the expense or revenue-timing side rather than funding costs, because NIM did not compress when the efficiency ratio deteriorated. Operating leverage appears to have reversed sharply in 2026Q1, and investors should monitor whether the 62.5 percent level in 2026Q3 marks a durable return to the mid-50s to low-60s cost discipline seen through 2025.
Equity Ratio Thinning With Balance Sheet Growth
Based on reported figures, FITB's equity-to-assets ratio compressed from roughly 0.09 in 2024 to about 0.11 in 2026Q3, as equity grew from $19.0B to $33.3B while total assets expanded faster, complicating a clean read of capital headroom.
The supplied data does not include CET1, Tier 1 or total risk-based capital ratios, so regulatory capital adequacy cannot be assessed against minimums and must be treated as data unavailable. The leverage-based equity ratio improvement in recent quarters is consistent with capital building, but without risk-weighted metrics the capacity for buybacks and dividends cannot be confirmed from these figures.
Rising Provisions Test Reserve Adequacy
As reported in financial statements, FITB's provision expense more than doubled from $94M in 2024Q1 to $227M in 2026Q1, and the supplied data does not include NPL or charge-off ratios needed to judge reserve coverage directly.
The provision trajectory points to deteriorating credit conditions or a conservative reserve build, and the zero provision reported in 2025Q4 against $227M in 2026Q1 suggests lumpy recognition that complicates trend interpretation. Without non-performing loan or coverage data, investors should treat current reserve adequacy as unverified and monitor whether provisioning continues to run ahead of net income growth.
Efficiency Ratio Misapplied as Cost Signal
The efficiency ratio is frequently read as a clean cost-discipline gauge, but for FITB its swing from 55 to 85 percent is largely driven by provision and revenue timing, which obscures the underlying expense base.
Using efficiency ratio as the primary cost signal may overstate operating deterioration when provisions are excluded from the denominator, so a pre-provision adjusted efficiency measure or a fee-adjusted cost base would isolate true expense trends. Investors should also be cautious that P/E derived from these volatile earnings overstates valuation risk, making P/TBV and normalized ROTCE the more reliable anchors for judging FITB's price.