Using the industry peer median P/E multiple (trailing + forward), M&T Bank Corporation (MTB) has a fair value of $199.72 based on 4 comparable companies in the Banks - Regional industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| M&T Bank CorporationMTB | 32,214 | 12.1x | 14.2x |
| Truist Financial CorporationTFC | 56,050 | 11.7x | 13.5x |
| Fifth Third BancorpFITB | 30,370 | 12.8x | 14.4x |
| Huntington Bancshares IncorporatedHBAN | 22,916 | 11.1x | 12.9x |
| Regions Financial CorporationRF | 22,461 | 11.2x | 12.7x |
| Industry Median | 11.5x | 13.2x | |
| (*) Profit after tax | 2,851 | 2,267 | |
| Equity Value | 32,689 | 29,844 | |
| (/) Outstanding shares | 157 | 157 | |
| Fair Price | $209 | $191 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.