Finance

United States Banks

251 investable US stocks · data to Saturday, October 24, 2026

Acquirer's Multiple percentile today16th percentile

Cheaper than in 86% of quarters since 1999Its usual range since 1999 is the 16th to 65th percentile (the middle 80% of quarters), with a median of the 43rd. Lower is cheaper: the 10th percentile is cheaper than 90% of the investable US market; the 50th is the middle.

Is it cheap because returns are depressed?

The industry is cheap against its own past, and returns on assets are in their usual range, so the discount isn't explained by weaker returns. Free cash flow yield is in its usual range. A low multiple can be warranted when returns on assets are low, and a high one when they are high, so the multiple reads best next to returns and free cash flow, each against the industry's own history.

For banks, insurers and other financials, operating income and cash flow aren't comparable with other companies. Read these percentiles against the industry's own history rather than against other industries.

Against its own history

Each chart is the industry's median stock as a percentile of all investable US stocks, quarterly since 1999. For the Acquirer's Multiple and debt to equity, lower is better. The shaded band is its usual range (the middle 80% of quarters); the dashed line is its long-run median; the dot is today. Green shading marks the better end of each scale and red the worse, and today's dot takes the colour of where it sits.

Acquirer's MultipleCheaper than usualPercentile of enterprise value ÷ operating income: lower is cheaper. Cheaper than in 86% of quarters since 1999.

Free cash flow yieldUsual rangePercentile of free cash flow yield: higher is a bigger yield. Lower than in 55% of quarters since 1999.

Shareholder yieldUsual rangeDividends plus buybacks, as a percentile: higher is a bigger yield. Lower than in 58% of quarters since 1999.

Dividend yieldUsual rangePercentile of dividend yield: higher is a bigger yield. Lower than in 63% of quarters since 1999.

Return on assets, 5-yrUsual rangePercentile of five-year return on assets: higher is better. Higher than in 63% of quarters since 1999.

Debt to equityLess debt than usualPercentile of debt to equity: lower is less debt. Less indebted than in 86% of quarters since 1999.

Company sizeNear its smallestPercentile of market cap: higher is larger. Smaller than in 100% of quarters since 1999.

United States Banks stocks in the screens today

None make any screen today. On the Acquirer's Multiple, the industry's cheapest investable stocks are CARE, CUBI and HAPN at the 0th percentile. The dearest stocks each screen lists sit around the 15th percentile in Large Cap 1000, the 58th percentile in All Investable and the 58th percentile in Small & Micro Cap. Lower is cheaper. Percentiles are from the weekly data; the screens update daily and use each stock's latest multiple, and Large Cap 1000 takes only the 1,000 largest stocks.

Other Finance industries

Specialty Finance cheaper than 86%Mortgage Banking cheaper than 84%Insurance cheaper than 75%Real Estate Investment Trusts (REITs) cheaper than 62%Real Estate Investment and Services dearer than 55%International Banks dearer than 61%Finance Software and Services dearer than 67%Investment Services dearer than 68%

Quarterly since 1999 from point-in-time data. Each quarter, every investable US stock (price above $3, market cap above $75M, average daily trading above $850,000, no OTC, ADRs or MLPs) is placed in a percentile (0-100) against all the others on each metric. An industry's value is the median percentile of its stocks. Industries follow FactSet's RBICS classification. Percentiles describe the past; they are not investment advice or a forecast.