Westpac Banking (Westpac Banking) Forward PE Ratio : 13.32 (As of Apr. 25, 2024)

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What is Westpac Banking Forward PE Ratio?

Westpac Banking's Forward PE Ratio for today is 13.32.

Westpac Banking's PE Ratio without NRI for today is 13.42.

Westpac Banking's PE Ratio for today is 13.42.

Westpac Banking Forward PE Ratio Historical Data

The historical data trend for Westpac Banking's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Westpac Banking Forward PE Ratio Chart

Westpac Banking Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-01

Forward PE Ratio

13.09

13.30

12.84

10.34

13.87

14.79

13.81

13.11

Westpac Banking Semi-Annual Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12
Forward PE Ratio	13.09	11.88	11.10	12.09	13.30	14.31	12.33	13.12	12.84	12.02	11.78	11.30	10.34	11.57	12.66	13.62	13.87	9.97	11.67	12.29	14.79	15.97	15.82	14.58	13.81

Competitive Comparison of Westpac Banking's Forward PE Ratio

For the Banks - Diversified subindustry, Westpac Banking's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Westpac Banking's Forward PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Westpac Banking's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Westpac Banking's Forward PE Ratio falls into.

Westpac Banking Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Westpac Banking (NYSE:WBK) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Westpac Banking Forward PE Ratio Related Terms

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Westpac Banking (Westpac Banking) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (NYSE:WBK) » Definitions » Forward PE Ratio

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Traded in Other Exchanges

WEBNF:USA WBC:New Zealand WBC:Germany WBCPL.PFD:Australia WBCPK.PFD:Australia WBCPJ.PFD:Australia WBCPI.PFD:Australia WBCPH.PFD:Australia WBCPG.PFD:Australia WBCPF.PFD:Australia WBC:Australia

Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.