Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 11.33 as of 2026-09-24T16:51:10.275Z.
Consensus retrieved: 2026-09-13T23:25:32.840Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-24T16:51:10.275Z.
Quote observation: 2026-09-24T16:50:16.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 295b80d30fa71163b21410acf739c90167cfecfe9dca30288492b5fe33a6e0ea
Forward PE Ratio (11.33) = Dated Quote Price ($219.32) / Consensus Forward EPS ($19.35)
FORWARD PE RATIO
11.33
SECTOR MEDIAN · FINANCIAL SERVICES
13.85
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
-18.19%
vs the sector median at left
M&T Bank Corporation
Market Cap
$31.79B
Forward PE Ratio
11.33
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| M&T Bank Corporation (MTB) | $31.79B | 11.33 |
| Northern Trust Corporation (NTRS)vs › | $32.02B | 15.26 |
| Huntington Bancshares Incorporated (HBAN)vs › | $31.06B | 11.14 |
| iShares Silver Trust (SLV)vs › | $31.03B | N/A |
| Raymond James Financial, Inc. (RJF)vs › | $30.47B | 13.06 |
| Arch Capital Group Ltd. (ACGL)vs › | $33.37B | 10.17 |
| The Hartford Insurance Group, Inc. (HIG)vs › | $34.68B | 9.93 |
| Cboe Global Markets, Inc. (CBOE)vs › | $27.96B | 19.06 |
| Willis Towers Watson Public Limited Company (WTW)vs › | $27.52B | 14.94 |
| Citizens Financial Group, Inc. (CFG)vs › | $27.29B | 12.16 |
Trailing P/E
11.6
reported TTM EPS
Forward P/E
11.3
consensus EPS · fiscal year ending 2026-12-31
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 the dated quote price of $219.32, 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 | $19.00 – $19.79 | 13 | 11.3x |
| 2027-12-31 | $21.07 | $20.66 – $22.26 | 14 | 10.4x |
| 2028-12-31 | $23.24 | $22.45 – $23.80 | 8 | 9.4x |
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
