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Itau Unibanco Holding (NYSE:ITUB) 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 .
Itau Unibanco Holding Forward PE Ratio Related Terms
Itau Unibanco Holding Forward PE Ratio Historical Data
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The historical data trend for Itau Unibanco Holding'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.
Itau Unibanco Holding Forward PE Ratio Chart
Itau Unibanco Holding Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
9.42
8.35
14.62
14.71
12.56
12.52
7.13
6.36
8.45
6.00
8.73
Itau Unibanco Holding Quarterly 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
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
9.42
7.76
7.18
8.90
8.35
9.49
9.93
25.06
14.62
12.80
10.22
12.20
14.71
11.48
12.44
11.39
12.56
8.18
11.10
9.03
12.52
11.12
12.53
9.35
7.13
9.23
7.35
8.02
6.36
7.11
8.05
6.78
8.45
9.08
8.40
8.64
6.00
7.69
9.22
8.74
8.73
9.05
Itau Unibanco Holding Forward PE Ratio Competitor Comparison
For the Banks - Regional subindustry, Itau Unibanco Holding'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.
Itau Unibanco Holding Forward PE Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Itau Unibanco Holding's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Itau Unibanco Holding's Forward PE Ratio falls into.
Itau Unibanco Holding 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.
Itau Unibanco Holding (ITUB) has a Forward PE Ratio of 9.34 as of Jul. 23, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Itau Unibanco Holding and its competitors. According to the industry distribution chart, Itau Unibanco Holding ranks #278 out of 818 companies in the Banks industry, placing it in the top 34%.
Is Itau Unibanco Holding's Forward PE Ratio too high?
Itau Unibanco Holding's current Forward PE Ratio is 9.34. The Banks industry median Forward PE Ratio is 11.18. Itau Unibanco Holding's value of 9.34 is 16.5% below this industry median. Based on the distribution chart, Itau Unibanco Holding ranks #278 out of 818 companies in the Banks industry, which is above the industry midpoint. Overall, Itau Unibanco Holding has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's Forward PE Ratio compare to competitors?
According to the Banks industry distribution chart, Itau Unibanco Holding ranks #278 out of 818 companies for Forward PE Ratio. This puts Itau Unibanco Holding in the upper half of its industry. The industry median Forward PE Ratio is 11.18. Itau Unibanco Holding's value of 9.34 is 16.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Banks company?
The median Forward PE Ratio among Banks companies is 11.18, based on 818 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Itau Unibanco Holding's current Forward PE Ratio of 9.34 is 16.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Itau Unibanco Holding and its competitors. For the Banks industry, the median Forward PE Ratio is 11.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itau Unibanco Holding's current Forward PE Ratio is 9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (ITUB) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.02, compared to a current price of $8.35 — trading 38.7% above its estimated fair value. The current Forward PE Ratio is 9.34 and 16.5% below the Banks industry median of 11.18. Itau Unibanco Holding's overall GF Score™ is 75/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Itau Unibanco Holding (ITUB), the current Forward PE Ratio is 9.34 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Itau Unibanco Holding (ITUB) Overvalued in 2026?
Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued.
The current stock price of $8.35 is trading 38.7% above its estimated GF Value™ of $6.02.
GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.
Key valuation signals for ITUB:
Forward PE Ratio: 9.34
GF Value™: $6.02 vs. price of $8.35 (38.7% above fair value)
Industry Position: 16.5% below the Banks median (#278 of 818)
No single metric tells the full story. See the ITUB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
75GF Score
Get the complete analysis for ITUB
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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