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U.S. Bancorp price to book ratio USB

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

Today, Oct 23, 2026
1.4×
10-year median
1.4×
Against its 10-year history
45th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.8× to 2.0×
Peer median
1.2×

U.S. Bancorp's price to book ratio is 1.4× as of Oct 23, 2026.

That is below its ten-year median of 1.4×, close to the middle of its last ten years.

Over that time it ranged from 0.8× in May 2023 to 2.0× in Mar 2017.

The median for 10 diversified 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 far1.4×1.2×1.5×
20251.3×1.0×1.3×
20241.3×1.1×1.4×
20231.3×0.8×1.5×
20221.4×1.2×1.7×
20211.5×1.2×1.8×
20201.3×0.9×1.7×
20191.7×1.5×1.8×
20181.5×1.4×2.0×
20171.8×1.7×2.0×
20161.8×1.5×1.9×
20151.7×1.6×1.9×
20141.9×1.7×1.9×
20131.8×1.6×1.8×
20121.5×1.5×1.8×
20111.6×1.2×1.9×
20101.8×1.5×2.0×
20091.7×1.7×2.0×

Against its peers

Companies in Banks - Diversified nearest U.S. Bancorp's size, closest first, today.

CompanyPrice to book ratio
USBU.S. Bancorp1.4×
CCitigroup1.0×
WFCWells Fargo1.4×
BACBank of America1.2×
PNFPPinnacle Financial Partners1.0×
FHNFirst Horizon1.2×
UMBFUMB Financial1.3×
JPMJPMorgan Chase2.4×
CFRCullen/Frost Bankers2.1×
ONBOld National Bancorp1.1×
ZIONZions Bancorporation, National Association1.3×
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 U.S. Bancorp

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