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M&T Bank price to book ratio MTB

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
1.1×
10-year median
1.2×
Against its 10-year history
48th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.7× to 1.8×
Peer median
1.2×

M&T Bank's price to book ratio is 1.1× as of Oct 23, 2026.

That is below its ten-year median of 1.2×, close to the middle of its last ten years.

Over that time it ranged from 0.7× in Oct 2023 to 1.8× in Mar 2018.

The median for 10 regional banks of a similar size is 1.2×.

Price to book ratio 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 far1.1×1.0×1.3×
20251.1×0.9×1.2×
20241.1×0.8×1.3×
20230.9×0.7×1.1×
20221.0×1.0×1.8×
20211.1×1.0×1.3×
20201.0×0.7×1.4×
20191.4×1.2×1.6×
20181.3×1.3×1.8×
20171.6×1.3×1.6×
20161.5×1.0×1.5×
20151.3×1.2×1.4×
20141.4×1.2×1.4×
20131.4×1.2×1.5×
20121.3×1.1×1.4×
20111.0×0.9×1.3×
20101.3×1.1×1.4×
20091.0×0.9×1.1×

Against its peers

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

CompanyPrice to book ratio
MTBM&T Bank1.1×
HBANHuntington Bancshares1.0×
CFGCitizens Financial1.0×
FCNCAFirst Citizens BancShares1.2×
RFRegions Financial1.3×
KEYKeyCorp1.1×
FITBFifth Third Bancorp1.4×
EWBCEast West Bancorp1.9×
TFCTruist Financial0.9×
ALLYAlly Financial0.8×
PNCPNC Financial Services1.4×
Peer median1.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on M&T Bank

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