Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 12.42.
Forward PE Ratio (12.42) = Close Price ($240.34) / Consensus Forward EPS ($19.35)
FORWARD PE RATIO
12.42
SECTOR MEDIAN · FINANCIAL SERVICES
14.80
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
-16.08%
vs the sector median at left
M&T Bank Corporation
Market Cap
$34.83B
Forward PE Ratio
12.42
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| M&T Bank Corporation (MTB) | $34.83B | 12.42 |
| Arch Capital Group Ltd. (ACGL)vs › | $34.73B | 10.58 |
| Huntington Bancshares Incorporated (HBAN)vs › | $34.41B | 12.34 |
| iShares Silver Trust (SLV)vs › | $33.75B | 17.72 |
| Raymond James Financial, Inc. (RJF)vs › | $33.66B | 14.42 |
| Northern Trust Corporation (NTRS)vs › | $33.65B | 16.03 |
| The Hartford Insurance Group, Inc. (HIG)vs › | $37.31B | 10.68 |
| Willis Towers Watson Public Limited Company (WTW)vs › | $31.76B | 17.24 |
| Cboe Global Markets, Inc. (CBOE)vs › | $31.47B | 21.46 |
| Citizens Financial Group, Inc. (CFG)vs › | $29.54B | 13.15 |
Trailing P/E
12.7
reported TTM EPS
Forward P/E
12.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $19.35 implies +2.1% EPS growth vs the reported trailing $18.96.
At today's $240.34 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $19.35 | $19.02 – $19.78 | 13 | 12.4x |
| 2027-12-31 | $21.07 | $20.75 – $21.61 | 13 | 11.4x |
| 2028-12-31 | $23.20 | $22.44 – $23.79 | 7 | 10.4x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
