Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-08-20), First Citizens BancShares's share price is
$2170.72.
First Citizens BancShares's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $187.04. Therefore, First Citizens BancShares's PE Ratio (TTM) for today is 11.61.
The historical rank and industry rank for First Citizens BancShares's PE Ratio (TTM) or its related term are showing as below:
FCNCA'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 1.38 Med: 12.44 Max: 20.32
Current: 11.61
During the past 13 years, the highest PE Ratio (TTM) of First Citizens BancShares was 20.32. The lowest was 1.38. And the median was 12.44.
FCNCA's PE Ratio (TTM) is ranked better than 50.7% of 1438
companies
in the Banks industry
Industry Median: 11.655
vs FCNCA: 11.61
During the past 12 months, First Citizens BancShares's average EPS without NRIGrowth Rate was 14.00% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 47.10% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 38.20% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 30.00% per year.
During the past 13 years, First Citizens BancShares's highest 3-Year average EPS without NRI Growth Rate was 52.60% per year. The lowest was -26.60% per year. And the median was 9.80% per year.
First Citizens BancShares (NAS:FCNCA) PE Ratio (TTM) Explanation
The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items 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 (TTM).
First Citizens BancShares PE Ratio (TTM) Related Terms
First Citizens BancShares PE Ratio (TTM) Historical Data
* 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.
For the Banks - Regional subindustry, First Citizens BancShares's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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.
First Citizens BancShares PE Ratio (TTM) vs Banks Industry
For the Banks industry and Financial Services sector, First Citizens BancShares's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where First Citizens BancShares's PE Ratio (TTM) falls into.
First Citizens BancShares PE Ratio (TTM) Calculation
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
First Citizens BancShares's Share Price of today is $2170.72.
First Citizens BancShares's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $187.04.
* 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
First Citizens BancShares (FCNCA) has a PE Ratio (TTM) of 11.61 as of Aug. 20, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on First Citizens BancShares and its competitors. This is near median its historical median of 12.44. Over the past decade, First Citizens BancShares' PE Ratio (TTM) has ranged from 1.38 to 20.32. According to the industry distribution chart, First Citizens BancShares ranks #709 out of 1438 companies in the Banks industry, placing it in the top 49.3%.
Is First Citizens BancShares' PE Ratio (TTM) too high?
First Citizens BancShares' current PE Ratio (TTM) of 11.61 is near median its 10-year median of 12.44. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 20.32. The Banks industry median PE Ratio (TTM) is 11.66. First Citizens BancShares' value of 11.61 is 0.4% below this industry median. Based on the distribution chart, First Citizens BancShares ranks #709 out of 1438 companies in the Banks industry, which is above the industry midpoint. Overall, First Citizens BancShares has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Citizens BancShares' PE Ratio (TTM) compare to KEY and RF?
According to the Banks industry distribution chart, First Citizens BancShares ranks #709 out of 1438 companies for PE Ratio (TTM). This puts First Citizens BancShares in the upper half of its industry. The industry median PE Ratio (TTM) is 11.66. First Citizens BancShares' value of 11.61 is 0.4% below this benchmark. Historically, First Citizens BancShares' own PE Ratio (TTM) has ranged from 1.38 to 20.32 over the past decade. While the company's 10-year median is 12.44 vs. the industry median of 11.66, First Citizens BancShares has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio (TTM) for a Banks company?
The median PE Ratio (TTM) among Banks companies is 11.66, based on 1,438 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Citizens BancShares's current PE Ratio (TTM) of 11.61 is 0.4% 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 PE Ratio (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on First Citizens BancShares and its competitors. For the Banks industry, the median PE Ratio (TTM) is 11.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Citizens BancShares's current PE Ratio (TTM) is 11.61, which is near median its own 10-year median of 12.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Citizens BancShares stock overvalued right now?
Based on GuruFocus' analysis, First Citizens BancShares (FCNCA) is currently considered Fairly Valued. The stock's GF Value™ is $2,203.12, compared to a current price of $2,170.72 — trading 1.5% below its estimated fair value. The current PE Ratio (TTM) is 11.61, which is near median its 10-year median of 12.44 and 0.4% below the Banks industry median of 11.66. First Citizens BancShares' overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For First Citizens BancShares (FCNCA), the current PE Ratio (TTM) is 11.61 as of Aug. 20, 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 First Citizens BancShares (FCNCA) Overvalued in 2026?
Based on GuruFocus' analysis, First Citizens BancShares stock appears to be undervalued.
The current stock price of $2,170.72 is trading 1.5% below its estimated GF Value™ of $2,203.12.
GuruFocus considers First Citizens BancShares to be Fairly Valued.
Key valuation signals for FCNCA:
PE Ratio (TTM): 11.61 (near median its 10-year median of 12.44)
GF Value™: $2,203.12 vs. price of $2,170.72 (1.5% below fair value)
Industry Position: 0.4% below the Banks median (#709 of 1438)
No single metric tells the full story. See the FCNCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Citizens is a US regional bank with total assets of around $236 billion as of March 31, 2026. Headquartered in Raleigh, North Carolina, First Citizens' largest markets are North Carolina, South Carolina, and California. The bank has a track record of acquiring troubled banks from the FDIC, such as Silicon Valley Bridge Bank in 2023, which doubled its asset base. First Citizens offers products and services across retail, commercial, wealth management, and railcar leasing. First Citizens derived over 95% of its earnings from banking and less than 5% from railcar leasing in 2025.
75GF Score
Get the complete analysis for FCNCA
PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FCNCA has been successfully added to your 
