The PNC Financial Services Group, Inc. (PNC) is a publicly traded company in the Financial Services — Banks - Regional industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
PNC Financial Services Group, Inc. stands as a diversified financial institution operating across the United States. Founded in 1852 and headquartered in Pittsburgh, Pennsylvania, the company maintains an extensive physical footprint, boasting 2,591 branches and 9,502 ATMs. Its Retail Banking division delivers a full spectrum of financial solutions to individual consumers and small businesses.
Is The PNC Financial Services Group, Inc. stock overvalued or undervalued in 2026?
The PNC Financial Services Group, Inc. (PNC) trades at 12.1× earnings (P/E), against a median of 13.0× across the 324 financial services companies above $2bn in Kaplio's universe. At a P/B justified by its ROTCE del 15,1 % (2.0×) $316 (+39 %); at its peers' median (1.4×) $216 (-5 %).
Kaplio overview: The PNC Financial Services Group, Inc.
Market cap $91B · 52 weeks $179 – $257 (11 % below the high) · P/E 12.1× · 2027 expected P/E 10.6× · Dividend 3.3 % · 11 years rising · Next earnings January 15, 2027 · expected EPS $5.09 · Closing price, Oct 30 · accounts published Oct 15.
- Valuation: P/B 1.4× (justified).
- Business: ROTCE 15.1 % (excellent).
- Balance sheet: Capital/assets 10.6 % (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At a P/B justified by its ROTCE del 15,1 % (2.0×) $316 (+39 %); at its peers' median (1.4×) $216 (-5 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in banking: 5 of 5 pass
- ROA 1.3 %, passes.
- ROTCE 15.1 %, passes.
- Equity / Assets (Tier 1 proxy) 10.6 %, passes.
- P/B (Price / Book) 1.4×, passes.
- Sustainable dividend yield 3.3 %, passes.
Against its peers (reference peers) — The PNC Financial Services Group, Inc.: P/E 12.1×; P/B 1.4×; ROE 12.6 %; $90.5B. U.S. Bancorp (P/E 11.6×; P/B 1.4×; ROE 12.7 %; $92.6B), Truist Financial Corporation (P/E 12.6×; P/B 1.0×; ROE 8.1 %; $59.6B), Fifth Third Bancorp (P/E 18.4×; P/B 1.4×; ROE 8.3 %; $48.9B).
Expensive or cheap against its last ten fiscal years?
Precio / valor contable at each close: today 1.4× · median 1.4× · minimum 0.8× · maximum 1.8× · cheap below 1.3× · expensive above 1.5×. It has been cheaper than today 68% of the time over its last ten fiscal years.
Dividend
solid · Yield 3.3 % ($7.47 per share in 2025) · Years raising it ≥ 11 · 5-year growth +8 % a year · Free cash flow coverage payout 42 % · With $1,000 invested today you'd collect $33.00 a year ($2.75 a month).
Kaplio's reading: The PNC Financial Services Group, Inc.
Updated on October 16, 2026 · accounts published on October 15, 2026
Reading of October 15, 2026: A profitable, well-capitalised bank whose earnings are growing much faster than revenue
PNC Financial Services trades at 1.4× book value with a 15 % ROTCE in fiscal 2025, and its P/E sits 12 % below the bank sector median.
- Is PNC Financial Services expensive or cheap? Its P/E of 11.8× is 12 % below the bank sector median of 13.4× and 4 % below its own ten-year median of 12.4×.
- How is the business doing? EPS grew 21 % over the last 12 months while revenue grew only 0.8 %.
- How strong is the balance sheet? Fiscal 2025 brought an 11th straight dividend increase, with a 3.4 % yield and a payout of 42 % of earnings.
- What to expect from the next earnings? Analysts expect EPS of $5.10 for the quarter due January 15, 2027, after eight beats in eight quarters.
- Is PNC Financial Services an efficient, well-capitalised bank? ROA of 1.3 % over the last 12 months beats the 1 % healthy mark, and fiscal 2025 ROTCE of 15 % reaches the excellent level.
Is PNC Financial Services expensive or cheap?
For a bank, start with price to book. PNC Financial Services trades at 1.4× book value over the last 12 months. With a ROTCE of 15 % in fiscal 2025, sector benchmarks justify a multiple of up to 2.0×, so the current one still has room below that ceiling. The P/E of 11.8× over the last 12 months is 4 % below its ten-year median of 12.4× and 12 % below the 13.4× median of 472 sector peers. Over the past decade the stock traded at a lower P/E only 38 % of the time. The shares are up 20 % in 12 months but sit 16 % below their 52-week high of $256.97.
How is the business doing?
Over the last 12 months PNC Financial Services grew revenue by only 0.8 %, while earnings per share rose 21 %. Profits are growing far faster than sales, and the bank keeps a net margin of 22 % over the same period. Return on equity stands at 13 % over the last 12 months. That gap between flat revenue and fast EPS growth is the key point to watch: margins can lift earnings for a while, but over time steady compounding usually needs the revenue line to grow too.
How strong is the balance sheet?
Equity equals 11 % of assets in fiscal 2025, above the 8 % level the sector considers robust, so the bank carries a solid cushion of its own capital. The dividend yield over the last 12 months is 3.4 %. That sits within the band banks consider sustainable (from 2 %) and far from the 8 % level that would point to stress. The payout of 42 % of fiscal 2025 earnings means more than half of profit stays in the business, which supports a record of 11 consecutive years of higher dividends per share.
What to expect from the next earnings?
On October 15, 2026, PNC Financial Services reported EPS of $5.09 against $4.91 expected, a 4 % beat and its eighth in the last eight quarters. For the next report, due January 15, 2027, analysts expect $5.10, roughly the same as the quarter just delivered. Over the last 30 days the 2026 EPS consensus barely moved, from $18.99 to $19.00 across 13 analysts, and revenue estimates held steady as well. Of 46 analysts, 23 rate the stock a buy, 22 a hold and 1 a sell, a split that shows steady expectations and limited conviction either way.
Is PNC Financial Services an efficient, well-capitalised bank?
Banks run on borrowed money, so P/E and ROE alone can hide how much leverage drives the returns. That is why the sector looks at return on assets, return on tangible equity and capital. PNC Financial Services earns a ROA of 1.3 % over the last 12 months, above the 1 % considered healthy. Its ROTCE of 15 % in fiscal 2025 clears the 12 % pass mark and reaches the 15 % line for excellent. Equity of 11 % of assets exceeds the 8 % robust threshold, so these returns rest on a solid capital base.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Peter Lynch approve PNC Financial Services today?
The Lynch Method approves PNC Financial Services today: P/E 12.1 with 21% growth; it asks that the P/E not exceed growth. Business quality: 80 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 12.61% |
| Return on Invested Capital | 4.93% |
| Return on Assets | 1.26% |
| Gross Margin | 68.55% |
| Operating Margin | 27.21% |
| Net Margin | 22.11% |
Financial Health
| Debt / Equity | 1.28 |
| Current Ratio | 0.38 |
| Piotroski F-Score | 6 |
| Altman Z-Score | -0.46 |
Price Performance
| 1 month | +3.22% |
| 3 months | -8.81% |
| Year-to-date | +9.16% |
| 1 year | +24.82% |
| 3 years | +100.83% |
| 5 years | +8.18% |
| 10 years | +140.43% |
Dividend History
Paid in the last 12 months: $7.4000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-14 | $2.0000 |
| 2026-07-20 | $2.0000 |
| 2026-04-14 | $1.7000 |
| 2026-01-20 | $1.7000 |
| 2025-10-14 | $1.7000 |
| 2025-07-15 | $1.7000 |
| 2025-04-16 | $1.6000 |
| 2025-01-15 | $1.6000 |
| 2024-10-16 | $1.6000 |
| 2024-07-15 | $1.6000 |
Amounts adjusted for stock splits.
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Explore sector: Financial Services · Banks - Regional
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