* 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:
BACpS.PFD'
s PEG Ratio Range Over the Past 10 Years
Min: 1.38 Med: 2.98 Max: 299
Current: 3.08
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.
BACpS.PFD's PEG Ratio is ranked worse than 71.53% of 1159
companies
in the Banks industry
Industry Median: 1.65
vs BACpS.PFD: 3.08
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.
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.
* 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:BACpS.PFD) 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 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.
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