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M&T Bank forward PE MTB

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026
11.2×
10-year median
11.7×
Against its 10-year history
40th
percentile: 0 is its lowest day, 100 its highest
10-year range
7.4× to 19.5×
Peer median
10.9×

M&T Bank's forward PE is 11.2× as of Oct 23, 2026.

That is below its ten-year median of 11.7×, close to the middle of its last ten years.

Over that time it ranged from 7.4× in Sep 2020 to 19.5× in Feb 2017.

The median for 10 regional banks of a similar size is 10.9×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far11.2×10.6×12.8×
202511.5×9.5×12.4×
202412.2×9.6×14.3×
202310.3×7.6×10.8×
20229.0×8.7×14.7×
202112.2×9.9×13.2×
20209.7×7.4×18.7×
201917.6×10.7×17.7×
201810.2×10.0×15.4×
201714.7×13.0×19.5×
201618.1×12.5×18.2×
201514.5×13.7×15.9×
201416.0×14.4×16.3×
201315.3×12.3×15.7×
201211.8×10.7×13.5×
201112.5×10.5×14.6×
201014.3×12.3×19.3×
200917.5×12.2×23.0×
200817.4×11.2×25.4×
200712.4×12.4×17.2×

Against its peers

Companies in Banks - Regional nearest M&T Bank's size, closest first, today.

CompanyForward PE
MTBM&T Bank11.2×
HBANHuntington Bancshares9.9×
CFGCitizens Financial11.1×
FCNCAFirst Citizens BancShares12.5×
RFRegions Financial10.5×
KEYKeyCorp10.7×
FITBFifth Third Bancorp12.3×
EWBCEast West Bancorpn/m
TFCTruist Financial10.2×
ALLYAlly Financialn/m
PNCPNC Financial Services11.0×
Peer median10.9×

Where M&T Bank ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on M&T Bank

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.