P/E Ratios of Financial Stocks

Here’s another look at the P/E Ratios are selected large-cap financial stocks. The P/E Ratios are based on earnings estimates for next year:

Company Ticker Price EPS Est. P/E Ratio
Hartford Financial Services HIG $19.21 $3.69 5.2
Lincoln National LNC $21.46 $3.76 5.7
Genworth Financial GNW $10.48 $1.66 6.3
Unum Group UNM $19.59 $3.02 6.5
Allstate ALL $27.59 $4.13 6.7
MetLife MET $36.00 $5.30 6.8
Assurant AIZ $35.63 $5.01 7.1
Torchmark TMK $48.30 $6.75 7.2
XL Group plc XL $17.63 $2.46 7.2
Principal Financial Group PFG $21.75 $2.94 7.4
Morgan Stanley MS $24.88 $3.35 7.4
Prudential Financial PRU $49.13 $6.57 7.5
AFLAC AFL $45.21 $5.98 7.6
SLM Corporation SLM $11.19 $1.48 7.6
Goldman Sachs GS $143.98 $18.76 7.7
JP Morgan Chase JPM $35.86 $4.59 7.8
Citigroup C $3.66 $0.46 8.0
Wells Fargo WFC $23.21 $2.88 8.1
Bank of America BAC $12.53 $1.54 8.1
American International Group AIG $33.94 $4.17 8.1
The NASDAQ OMX Group NDAQ $18.63 $2.24 8.3
Capital One Financial COF $36.95 $4.40 8.4
The Travelers Companies TRV $49.33 $5.84 8.4
Ameriprise Financial AMP $41.93 $4.93 8.5
PNC Financial Services PNC $49.94 $5.87 8.5
Discover Financial Services DFS $13.85 $1.60 8.7
Bank of New York Mellon BK $24.02 $2.64 9.1
State Street STT $34.85 $3.78 9.2
Chubb CB $53.57 $5.65 9.5
U.S. Bancorp USB $21.04 $2.20 9.6
Loews L $35.19 $3.45 10.2
Hudson City Bancorp HCBK $11.68 $1.14 10.2
Moody’s MCO $21.20 $2.06 10.3
NYSE Euronext NYX $27.62 $2.67 10.3
Aon Corporation AON $36.37 $3.51 10.4
BB&T BBT $21.99 $2.06 10.7
Fifth Third Bancorp FITB $10.87 $0.99 11.0
American Express AXP $39.64 $3.58 11.1
Huntington Bancshares HBAN $5.09 $0.45 11.3
Federated Investors FII $20.25 $1.75 11.6
Janus Capital Group JNS $9.46 $0.78 12.1
Kimco Realty KIM $14.38 $1.17 12.3
Progressive PGR $19.30 $1.56 12.4
Marsh & McLennan MMC $23.30 $1.87 12.5
ProLogis PLD $9.99 $0.78 12.8
Franklin Resources BEN $95.17 $7.30 13.0
Legg Mason LM $25.30 $1.94 13.0
Northern Trust NTRS $46.28 $3.50 13.2
Health Care REIT HCN $45.03 $3.40 13.2
Apartment Investment and Manage AIV $19.82 $1.46 13.6
CME Group CME $238.55 $17.39 13.7
Simon Property Group SPG $88.77 $6.32 14.0
M&T Bank MTB $86.33 $6.09 14.2
IntercontinentalExchange ICE $93.18 $6.38 14.6
Host Hotels & Resorts HST $13.25 $0.90 14.7
Charles Schwab SCHW $13.47 $0.91 14.8
HCP, Inc. HCP $34.11 $2.26 15.1
Vornado Realty VNO $80.76 $5.33 15.2
Comerica CMA $33.72 $2.21 15.3
T. Rowe Price TROW $44.47 $2.73 16.3
Cincinnati Financial CINF $26.70 $1.63 16.4
CB Richard Ellis CBG $16.01 $0.96 16.7
Ventas VTR $49.65 $2.96 16.8
E*TRADE Financial ETFC $12.89 $0.75 17.2
Boston Properties BXP $80.64 $4.45 18.1
KeyCorp KEY $7.26 $0.40 18.2
Public Storage PSA $97.36 $5.34 18.2
Equity Residential EQR $44.99 $2.33 19.3
Regions Financial RF $6.41 $0.33 19.4
First Horizon National FHN $10.16 $0.49 20.7
People’s United Financial PBCT $12.73 $0.60 21.2
Plum Creek Timber PCL $33.76 $1.59 21.2
AvalonBay Communities AVB $103.38 $4.30 24.0
SunTrust Banks STI $22.62 $0.83 27.3
Zions Bancorporation ZION $18.06 $0.51 35.4
New M&I Corporation MI $6.08 $0.03 202.7

David Merkel adds: “The key metric, which is hard to measure for financials, is earnings quality. That’s one reason why P/Es are so low.”

Posted by on August 25th, 2010 at 12:01 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.