GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (NYSE:BAC) » Definitions » PEG Ratio

BAC (Bank of America) PEG Ratio : 3.06 (As of Dec. 11, 2024)


View and export this data going back to 1973. Start your Free Trial

What is Bank of America PEG Ratio?

PE Ratio without NRI / 5-Year Book Value Growth Rate*

PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The growth rate we use for banks is the 5-Year Book Value growth rate. As of today, Bank of America's PE Ratio without NRI is 16.22. Bank of America's 5-Year Book Value growth rate is 5.30%. Therefore, Bank of America's PEG Ratio for today is 3.06.

* The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.


The historical rank and industry rank for Bank of America's PEG Ratio or its related term are showing as below:

BAC' s PEG Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.98   Max: 299
Current: 3.06


During the past 13 years, Bank of America's highest PEG Ratio was 299.00. The lowest was 1.38. And the median was 2.98.


BAC's PEG Ratio is ranked worse than
71.61% of 1159 companies
in the Banks industry
Industry Median: 1.65 vs BAC: 3.06

Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.


Bank of America PEG Ratio Historical Data

The historical data trend for Bank of America's PEG 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.

* Premium members only.

Bank of America PEG Ratio Chart

Bank of America Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PEG Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.92 3.62 2.25 1.84 2.05

Bank of America Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PEG Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.50 2.05 2.64 2.84 2.84

Competitive Comparison of Bank of America's PEG Ratio

For the Banks - Diversified subindustry, Bank of America's PEG Ratio, along with its competitors' market caps and PEG 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.


Bank of America's PEG Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of America's PEG Ratio distribution charts can be found below:

* The bar in red indicates where Bank of America's PEG Ratio falls into.



Bank of America PEG Ratio Calculation

PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The ratio we use is the 5-Year Book Value growth rate.

Bank of America's PEG Ratio for today is calculated as

PEG Ratio=PE Ratio without NRI/5-Year Book Value Growth Rate*
=16.223404255319/5.30
=3.06

* 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.

* Note: The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.


Bank of America  (NYSE:BAC) PEG Ratio Explanation

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.


Bank of America PEG Ratio Related Terms

Thank you for viewing the detailed overview of Bank of America's PEG Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bank of America Business Description

Address
100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
Executives
Berkshire Hathaway Inc 10 percent owner 3555 FARNAM STREET, OMAHA NE 68131
Bernard A Mensah officer: President, International 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lindsay D. Hans officer: Pres, Merrill Wealth Mgmt 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Thomas D Woods director 100 NORTH TRYON STREET, CHARLOTTE NC 28255
James P Demare officer: President, Global Markets 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Dean C Athanasia officer: Pres Prf & Sm Bs Bk & Co-Hd CB 100 FEDERAL STREET, BOSTON MA 02110
Eric A. Schimpf officer: Pres, Merrill Wealth Mgmt 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Matthew M Koder officer: Pres, Gl Corp & Invest Banking 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Jose E Almeida director ONE BAXTER PARKWAY, DEERFIELD IL 60015
Andrew M. Sieg officer: Pres, Merill Lynch Wlth Mgmt 100 N TRYON STREET, CHARLOTTE NC 28255
Frank P Bramble director
Bruce R. Thompson officer: Vice Chair, Head Ent Credit 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Alastair M Borthwick officer: Pres, Global Com Banking 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Aditya Bhasin officer: Chief Tech & Info Officer 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lauren A Mogensen officer: Global Compl & Op Risk Exec 100 NORTH TRYON STREET, CHARLOTTE NC 28255