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Friday 6 November 2026 Export USB’s income statement to Excel — free account

U.S. Bancorp

USB Financial Banks Regional

U.S. Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $42.9 billion, roughly unchanged from fiscal 2024.

Revenue
+2.26%
EPS
+9.84%
Free cash flow
+152.0%
Total debt
−16.9%

Quarter to September 2026, against a year earlier

59.50 0.25 −0.42%
Market cap
$93.1B
P/E
11.7×
Fwd P/E
11.2×
Dividend yield
3.50%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

U.S. Bancorp (USB) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, U.S. Bancorp (USB) trades at a P/B ratio of 1.6×. Over the past ten years it has ranged from 0.9× (May 2023) to 2.3× (March 2017); the current reading is higher than 39% 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

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Annual newest first

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 newest first

Period P/B ratio Change
Sep 2026 1.5× (2.52%)
Jun 2026 1.5× 12.99%
Mar 2026 1.4× (3.69%)
Dec 2025 1.4× 6.93%
43 more quarters

Against its own ten years

Low 0.9× High 2.3×
Ten-year median 1.7×
Current reading's percentile 42

P/B ratio against peers

Company P/B ratio
MFG Mizuho Financial Group, Inc. compare 0.2×
DB Deutsche Bank Aktiengesellschaft compare 0.7×
TFC Truist Financial Corporation compare 1.1×
NWG NatWest Group plc compare 1.1×
LYG Lloyds Banking Group PLC compare 1.2×
PNC The PNC Financial Services Group, Inc compare 1.5×
USB U.S. Bancorp 1.6×
HDB HDFC Bank Limited compare 1.9×
IBN ICICI Bank Limited compare 2.7×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

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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