U.S. Bancorp USB

59.33 0.93 1.59% as of 25 Sep
Market cap
$93.4B
P/E
11.8×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

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

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))

The full definition of P/B ratio →

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