Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 12.97 as of Sunday, August 9, 2026.
Forward PE Ratio (12.97) = Close Price ($250.45) / Consensus Forward EPS ($19.31)
FORWARD PE RATIO
12.97
SECTOR MEDIAN · FINANCIAL SERVICES
14.65
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
-11.47%
vs the sector median at left
M&T Bank Corporation
Market Cap
$36.30B
Forward PE Ratio
12.97
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| M&T Bank Corporation (MTB) | $36.30B | 12.97 |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.46B | 12.49 |
| Arch Capital Group Ltd. (ACGL)vs › | $34.41B | 10.51 |
| Northern Trust Corporation (NTRS)vs › | $33.94B | 16.19 |
| Raymond James Financial, Inc. (RJF)vs › | $33.92B | 14.51 |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.28B | 11.23 |
| Coinbase Global, Inc. (COIN)vs › | $40.52B | N/A |
| Willis Towers Watson Public Limited Company (WTW)vs › | $32.02B | 17.46 |
| MSCI Inc. (MSCI)vs › | $40.94B | 28.56 |
| American International Group, Inc. (AIG)vs › | $41.77B | 9.86 |
Trailing P/E
13.2
reported TTM EPS
Forward P/E
13.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $19.31 implies +1.8% EPS growth vs the reported trailing $18.96.
At today's $250.45 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 | $19.31 | $18.99 – $19.74 | 12 | 13.0x |
| 2027-12-31 | $21.07 | $20.75 – $21.61 | 13 | 11.9x |
| 2028-12-31 | $23.20 | $22.44 – $23.79 | 7 | 10.8x |
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
