M&T Bank Corp. (MTB) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
M&T Bank is a US regional bank with around $215 billion in assets as of the end of the first quarter of 2026. Headquartered in Buffalo, New York, the bank's footprint is mostly concentrated in New...
M&T Bank Corp. (MTB) currently trades at a P/E ratio of 10.25 (historical range: 6.02–19.22, median: 11.62), placing it at the 25th percentile — below its historical average, P/S ratio of 2.33 (range: 1.61–43.67, 27th percentile — below its historical average), EV/EBITDA of 8.76 (range: 6.95–29.24, 17th percentile).
M&T Bank Corp. trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 10.25 | 11.62 | 25th | below its historical average |
| P/S Ratio | 2.33 | 2.80 | 27th | below its historical average |
| EV/EBITDA | 8.76 | 10.83 | 17th | cheap relative to its history |
| FCF Yield | 11.56% | 13.16% | 35th | above its historical average |
M&T Bank Corp. (MTB) Valuation & P/E History
M&T Bank Corp. (MTB) is a US-listed stock operating in the Financial Services sector, specifically the State Commercial Banks industry currently trading at $215.28 with a market capitalization of $31.1 billion. This page provides historical valuation analysis for MTB based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 10.25 is below the historical median of 11.62, placing MTB at the 25th percentile of its valuation range. The P/S ratio of 2.33 compares to a median of 2.80.
MTB Valuation Metrics & Historical Range
The valuation table above shows M&T Bank Corp.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether MTB is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests MTB is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for M&T Bank Corp..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is MTB Overvalued or Undervalued?
M&T Bank Corp. trades well below its historical valuation range across most metrics. The overall valuation percentile of 23 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive MTB is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full MTB analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.MTB trades on NYSE. This page is for informational purposes only and is not financial advice.