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Us Bancorp has the Highest Forward P/E Ratio in the Diversified Banks Industry (USB, JPM, BAC, WFC, C)

By James Quinn

Below are the three companies in the Diversified Banks industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Us Bancorp ranks highest with a a forward P/E ratio of 11.66. Following is Jpmorgan Chase with a a forward P/E ratio of 10.67. Bank Of America ranks third highest with a a forward P/E ratio of 9.09.

Wells Fargo & Co follows with a a forward P/E ratio of 8.61, and Citigroup Inc rounds out the top five with a a forward P/E ratio of 8.33.

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Keywords: highest forward p/e ratio us bancorp JPMorgan Chase Bank of america wells fargo & co citigroup inc

Ticker(s): USB JPM BAC WFC C