Latest Ratios: P/E Ratio 16.4x · EV/EBITDA 17.6x · 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 | $52.5B | $31.3B | $29.1B | $23.7B | $22.8B | $31.0B | $19.8B | $22.1B | $16.1B | $22.5B | $20.6B |
| Enterprise Value | $63.5B | $42.3B | $45.0B | $40.0B | $37.9B | $40.6B | $32.7B | $34.6B | $30.1B | $38.7B | $35.9B |
| P/E Ratio → | 16.35 | 13.22 | 13.46 | 10.71 | 9.79 | 11.68 | 15.07 | 9.23 | 7.69 | 10.72 | 13.97 |
| P/S Ratio | 4.08 | 2.43 | 2.23 | 1.92 | 2.51 | 3.90 | 2.47 | 2.57 | 2.26 | 3.54 | 3.31 |
| P/B Ratio | 1.78 | 1.44 | 1.48 | 1.24 | 1.32 | 1.39 | 0.86 | 1.04 | 0.99 | 1.39 | 1.27 |
| P/FCF | 13.79 | 8.23 | 12.06 | 5.94 | 3.97 | 12.93 | 1526.39 | 14.56 | 6.05 | 17.99 | 11.59 |
| P/OCF | 11.62 | 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 | — | 3.29 | 3.45 | 3.24 | 4.18 | 5.11 | 4.07 | 4.01 | 4.22 | 6.11 | 5.76 |
| EV / EBITDA | 17.56 | 11.71 | 13.20 | 11.60 | 10.75 | 10.51 | 14.28 | 9.41 | 9.63 | 11.66 | 13.49 |
| EV / EBIT | 19.78 | 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 | 65.3% | 65.3% | 59.2% | 64.0% | 83.0% | 99.2% | 76.5% | 77.6% | 82.5% | 85.0% | 85.2% |
| Operating Margin | 24.9% | 24.9% | 22.3% | 24.2% | 34.1% | 44.3% | 22.4% | 37.1% | 38.7% | 47.0% | 35.4% |
| Net Profit Margin | 19.6% | 19.6% | 17.7% | 19.0% | 26.9% | 34.9% | 17.8% | 29.1% | 30.7% | 34.4% | 24.8% |
| 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 | 4.02 | 4.02 | 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 | 3.05 | 3.05 | 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 | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 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 | 3.0% | 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 | 6.1% | 7.6% | 7.4% | 9.3% | 10.2% | 8.6% | 6.6% | 10.8% | 13.0% | 9.3% | 7.2% |
| FCF Yield | 7.3% | 12.1% | 8.3% | 16.8% | 25.2% | 7.7% | 0.1% | 6.9% | 16.5% | 5.6% | 8.6% |
| Buyback Yield | 1.0% | 1.7% | 2.2% | 0.8% | 0.4% | 4.5% | 0.0% | 8.0% | 9.0% | 7.1% | 3.2% |
| Total Shareholder Yield | 4.0% | 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 |
Credit provision volatility
Based on reported figures, Fifth Third trades at a P/B of 1.73, which appears to command a premium relative to Midwest peers like Huntington Bancshares at 1.10, suggesting that the market is pricing in a growth trajectory that current ROE levels may struggle to justify.
The current P/B multiple implies investor expectations for a significant recovery in profitability that is not yet reflected in the 2026Q1 ROE of 0.6%. Investors should monitor whether this valuation premium is supported by the bank's Southeast expansion or if it represents an over-optimistic assessment of the bank's ability to navigate current credit provisioning volatility.
As reported in financial statements, the collapse of ROE to 0.6% in 2026Q1 from 3.4% in 2025Q4 highlights a severe contraction in profitability, driven by a combination of rising efficiency ratios and the impact of increased credit loss provisions on net income.
The DuPont decomposition suggests that the bank's profitability is currently constrained by both asset utilization and a rising cost base. The shift in the efficiency ratio to 61.9% indicates that the bank is struggling to maintain operating leverage, which may necessitate further cost-cutting measures to restore historical return levels.
According to recent quarterly filings, the efficiency ratio spiked to 61.9% in 2026Q1, representing a marked departure from the sub-40% levels maintained throughout 2025, which suggests that operating leverage is currently under significant pressure as non-interest expenses outpace the bank's ability to generate incremental revenue growth.
The persistent pressure on the net interest margin, which remains at 0.7%, suggests that the bank's funding costs are not repricing in a way that supports margin expansion. This trend warrants further investigation into whether the bank's deposit beta is structurally higher than anticipated in the current interest rate environment.
Based on the bank's reported figures, the equity-to-assets ratio rose to 0.11 in 2026Q1 from 0.10 in the prior quarter, yet this modest improvement appears insufficient to offset the broader volatility in earnings and the significant expansion of the bank's total asset base during the same period.
While the capital ratio appears stable on the surface, the rapid expansion of the balance sheet to $297 billion suggests that the bank is consuming capital at an accelerated rate. Investors should monitor whether this growth is sustainable without further capital raises or a significant improvement in internal capital generation.
The P/E ratio is frequently misapplied to Fifth Third, as it fails to account for the extreme volatility introduced by CECL-driven credit provisions, which can cause headline earnings to fluctuate wildly regardless of the bank's underlying operational health or cash-generating capacity.
Analysts should prioritize P/TBV and adjusted ROE metrics over P/E, as the latter is heavily distorted by non-cash provisioning charges. Relying on P/E in this context may lead to a fundamental misunderstanding of the bank's earnings quality and its ability to sustain dividend payments during periods of credit stress.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying FITB stock.
Fifth Third Bancorp's current P/E ratio is 16.4x. The historical average is 18.9x. This places it at the 62th percentile of its historical range.
Fifth Third Bancorp's current EV/EBITDA is 17.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.8x.
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 16.4x. This is at the 62th 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 3.00% with a payout ratio of 46.1%.
Fifth Third Bancorp has 65.3% gross margin and 24.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Fifth Third Bancorp's Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.