M&T Bank Corporation (MTB-PJ) P/E Ratio History
Historical price-to-earnings valuation from 2024 to 2025
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MTB-PJ Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, M&T Bank Corporation (MTB-PJ) trades at a price-to-earnings ratio of 1.8x, with a stock price of $26.74 and trailing twelve-month earnings per share of $17.71.
The current P/E is roughly in line with its 5-year average of 1.8x. Over the past five years, MTB-PJ's P/E has ranged from a low of 1.6x to a high of 2.1x, placing the current valuation at the 67th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.1x, MTB-PJ trades at a 86% discount to its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.45 (P/E divided by -7% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, MTB-PJ trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MTB-PJ DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MTB-PJ P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $28B | 21.2 | - | -3% | |
| $26B | 11.6Lowest | 0.77 | +14% | |
| $24B | 12.2 | 0.70Best | +19% | |
| $24B | 14.3 | 3.90 | +575%Best | |
| $33B | 15.8 | - | -2% | |
| $11B | 16.8 | 1.86 | +5% | |
| $7B | 16.5 | - | -12% | |
| $86B | 12.0 | 1.40 | +22% | |
| $89B | 16.0 | 4.17 | +7% | |
| $65B | 14.8 | - | +408% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MTB-PJ Historical P/E Data (2024–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $26.71 | $16.24 | 1.6x | -9% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $26.20 | $15.44 | 1.7x | -7% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $26.10 | $14.93 | 1.7x | -4% |
| FY2024 Q4 | $26.62 | $14.63 | 1.8x | +0% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $28.01 | $13.51 | 2.1x | +14% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $25.81 | $13.47 | 1.9x | +5% |
Average P/E for displayed period: 1.8x
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Start ComparisonMTB-PJ — Frequently Asked Questions
Quick answers to the most common questions about buying MTB-PJ stock.
Is MTB-PJ stock overvalued or undervalued?
MTB-PJ trades at 1.8x P/E, near its 5-year average of 1.8x. The 67th percentile ranking places valuation within normal historical bounds.
How does MTB-PJ's valuation compare to peers?
M&T Bank Corporation P/E of 1.8x compares to sector median of 13.1x. The discount suggests lower growth expectations or higher risk.
What is MTB-PJ's PEG ratio?
MTB-PJ PEG ratio is 1.45. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2024-2025.