U.S. Bancorp USB
59.33
0.93
1.59%
as of 25 Sep
- Market cap
- $93.4B
- P/E
- 11.8×
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U.S. Bancorp (USB) P/B ratio
As of 25 September 2026, U.S. Bancorp (USB) trades at a P/B ratio of 1.5×. Over the past ten years it has ranged from 0.9× (May 2023) to 2.3× (March 2017); the current reading is higher than 35% of that period. That is above the Banks Regional industry median of 1.2× and above the Financial sector median of 1.3×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 1.4× | (1.16%) |
| FY2024 | 1.4× | 3.23% |
| FY2023 | 1.4× | (7.51%) |
| FY2022 | 1.5× | (12.31%) |
| FY2021 | 1.7× | 15.87% |
| FY2020 | 1.5× | (26.95%) |
| FY2019 | 2.0× | 23.30% |
| FY2018 | 1.6× | (20.16%) |
| FY2017 | 2.0× | (1.71%) |
| FY2016 | 2.1× | 14.36% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 1.5× | 12.99% |
| Mar 2026 | 1.4× | (3.69%) |
| Dec 2025 | 1.4× | 6.93% |
| Sep 2025 | 1.3× | 3.11% |
| 42 more quarters | Free account |
Against its own ten years
Low 0.9×
High 2.3×
Ten-year median
1.7×
Current reading's percentile
35
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| MFG Mizuho Financial Group, Inc. compare | 0.2× |
| DB Deutsche Bank Aktiengesellschaft compare | 0.7× |
| NWG NatWest Group plc compare | 1.3× |
| LYG Lloyds Banking Group PLC compare | 1.3× |
| PNC The PNC Financial Services Group, Inc compare | 1.4× |
| USB U.S. Bancorp | 1.5× |
| HDB HDFC Bank Limited compare | 1.8× |
| IBN ICICI Bank Limited compare | 2.4× |
| NU Nu Holdings Ltd. compare | 5.0× |
| Banks Regional industry median | 1.2× |
| Financial sector median | 1.3× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on USB
- Revenue
- Net income
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement