Firstrand (NAM:FST) PE Ratio (TTM): 12.25 (As of Jun. 24, 2026) — Near Median


NAM:FST Firstrand Ltd NAM:FST
85 GF Score
Price R96.23
GF Value R84.35
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Firstrand PE Ratio (TTM)?

Firstrand NAM:FST -2.80% 85 PE Ratio (TTM) is 12.25 as of Jun. 24, 2026, which is 2% above its 10-year median of 11.99. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.35 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,442 Banks companies, Firstrand ranks worse than 58.88% on this metric.

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 (2026-06-24), Firstrand's share price is R96.23. Firstrand's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R7.86. Therefore, Firstrand's PE Ratio (TTM) for today is 12.25.

Warning Sign:

Firstrand Ltd stock PE Ratio (=13.22) is close to 3-year high of 13.26.


The historical rank and industry rank for Firstrand's PE Ratio (TTM) or its related term are showing as below:

NAM:FST' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 6.43   Med: 11.99   Max: 18.61
Current: 12.26


During the past 13 years, the highest PE Ratio (TTM) of Firstrand was 18.61. The lowest was 6.43. And the median was 11.99.


NAM:FST's PE Ratio (TTM) is ranked worse than
58.88% of 1442 companies
in the Banks industry
Industry Median: 11.635 vs NAM:FST: 12.26

Firstrand's Earnings per Share (Diluted) for the six months ended in Dec. 2025 was R4.14. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R7.86.

As of today (2026-06-24), Firstrand's share price is R96.23. Firstrand's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was R7.91. Therefore, Firstrand's PE Ratio without NRI for today is 12.17.

During the past 13 years, Firstrand's highest PE Ratio without NRI was 18.28. The lowest was 6.97. And the median was 12.07.

Firstrand's EPS without NRI for the six months ended in Dec. 2025 was R4.15. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was R7.91.

During the past 12 months, Firstrand's average EPS without NRI Growth Rate was 11.10% per year. During the past 3 years, the average EPS without NRI Growth Rate was 8.60% per year. During the past 5 years, the average EPS without NRI Growth Rate was 17.30% per year. During the past 10 years, the average EPS without NRI Growth Rate was 6.60% per year.

During the past 13 years, Firstrand's highest 3-Year average EPS without NRI Growth Rate was 28.50% per year. The lowest was -12.00% per year. And the median was 9.60% per year.

Firstrand's EPS (Basic) for the six months ended in Dec. 2025 was R4.15. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was R7.87.


Firstrand  (NAM:FST) 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.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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).


Firstrand PE Ratio (TTM) Related Terms


Firstrand PE Ratio (TTM) Historical Data

* Premium members only.

The historical data trend for Firstrand's PE Ratio (TTM) 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.

Firstrand PE Ratio (TTM) Chart

Firstrand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.24 10.67 10.57 11.29 10.12

Firstrand Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PE Ratio (TTM) 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 At Loss 11.29 At Loss 10.12 At Loss

NAM:FST vs JPM, BAC, WFC: PE Ratio (TTM) Comparison

For the Banks - Diversified subindustry, Firstrand'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.


Firstrand PE Ratio (TTM) vs Banks Industry

For the Banks industry and Financial Services sector, Firstrand's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where Firstrand's PE Ratio (TTM) falls into.


NAM:FST
85GF Score
Firstrand Ltd NAM:FST
PE Ratio (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firstrand 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.

Firstrand's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=96.23/7.856
=12.25

Firstrand's Share Price of today is R96.23.
For company reported semi-annually, Firstrand's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R7.86.

* 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:

PE Ratio (TTM)=Market Cap /Net Income

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.

Frequently Asked Questions Learn more about PE Ratio (TTM) →
What does a PE Ratio (TTM) of 12.25 mean?
Firstrand (NAM:FST) has a PE Ratio (TTM) of 12.25 as of Jun. 24, 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 Firstrand and its competitors. This is near median its historical median of 11.99. Over the past decade, Firstrand's PE Ratio (TTM) has ranged from 6.43 to 18.61. According to the industry distribution chart, Firstrand ranks #849 out of 1442 companies in the Banks industry, placing it in the top 58.9%.
Is Firstrand's PE Ratio (TTM) too high?
Firstrand's current PE Ratio (TTM) of 12.25 is near median its 10-year median of 11.99. Over the past 10 years, this metric has ranged from a low of 6.43 to a high of 18.61. The Banks industry median PE Ratio (TTM) is 11.64. Firstrand's value of 12.25 is 5.3% above this industry median. Based on the distribution chart, Firstrand ranks #849 out of 1442 companies in the Banks industry, which is below the industry midpoint. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's PE Ratio (TTM) compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #849 out of 1442 companies for PE Ratio (TTM). This places Firstrand in the lower half of its industry. The industry median PE Ratio (TTM) is 11.64. Firstrand's value of 12.25 is 5.3% above this benchmark. Historically, Firstrand's own PE Ratio (TTM) has ranged from 6.43 to 18.61 over the past decade. While the company's 10-year median is 11.99 vs. the industry median of 11.64, Firstrand has consistently been above 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 11.64, based on 1,442 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. Firstrand's current PE Ratio (TTM) of 12.25 is 5.3% above 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 Firstrand and its competitors. For the Banks industry, the median PE Ratio (TTM) is 11.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current PE Ratio (TTM) is 12.25, which is near median its own 10-year median of 11.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.35, compared to a current price of R96.23 — trading 14.1% above its estimated fair value. The current PE Ratio (TTM) is 12.25, which is near median its 10-year median of 11.99 and 5.3% above the Banks industry median of 11.64. Firstrand's overall GF Score™ is 85/100 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 Firstrand (NAM:FST), the current PE Ratio (TTM) is 12.25 as of Jun. 24, 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 Firstrand (NAM:FST) Overvalued in 2026?

Based on GuruFocus' analysis, Firstrand stock appears to be overvalued. The current stock price of R96.23 is trading 14.1% above its estimated GF Value™ of R84.35. GuruFocus considers Firstrand to be Modestly Overvalued.

Key valuation signals for NAM:FST:

  • PE Ratio (TTM): 12.25 (near median its 10-year median of 11.99)
  • GF Value™: R84.35 vs. price of R96.23 (14.1% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 5.3% above the Banks median (#849 of 1442)

No single metric tells the full story. See the NAM:FST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Firstrand Business Description

Address Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score

Get the complete analysis for NAM:FST

PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R96.23
Price
R84.35
GF Value