Fifth Third Bancorp (FITB)
Forward P/E is 10.99x against a peer median of 10.23x, a ratio of 1.07x — inside the 0.90–1.15 fairly priced band — with trailing P/E 18.43x and PEG 0.76. Latest-quarter revenue grew 45.8% year over year (PRIMARY, EDGAR), far above the cluster pace, which easily supports the small premium over the peer median. Delivered demand check: the Banks group's median growth was 8.4% year over year — demand steady.
What would change this label: Move to UNDERVALUED if the forward P/E compresses to about 9.21x or below (0.90x the peer median) at unchanged estimates with revenue growth holding above 8.4% year over year. Move to OVERVALUED if the forward P/E rises above about 11.76x (1.15x the peer median) without a matching upgrade to growth, or if revenue growth falls below 0% year over year while the multiple stays above 10.23x.
Fifth Third trades at about 11 times next year's expected earnings, a little above similar banks at about 10 times, and its revenue grew about 46% in the latest quarter. That very strong growth covers the small premium. The shares look fairly priced.
Both lines start at 100 on 2020-09-01. Over the full window Fifth Third Bancorp returned +157.03% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Fifth Third Bancorp: -54.6% (2022-01-14 to 2023-10-27). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 10.99x against a peer median of 10.23x, a ratio of 1.07x — inside the 0.90–1.15 fairly priced band — with trailing P/E 18.43x and PEG 0.76. Latest-quarter revenue grew 45.8% year over year (PRIMARY, EDGAR), far above the cluster pace, which easily supports the small premium over the peer median. Delivered demand check: the Banks group's median growth was 8.4% year over year — demand steady. The company’s forward P/E is 11.0× against a peer median of 10.2×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Banks group's median latest-quarter revenue growth was 8.4% year over year (SEC filings) — demand steady. Latest-quarter sales growth was +45.8% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Fifth Third Bancorp (FITB) | $53.52 | 11.0× | 18.4× |
| TFC | $48.59 | 10.2× | 12.5× |
| MTB | $220.78 | 10.8× | 11.5× |
| HBAN | $15.75 | 9.4× | 12.9× |
| CFG | $65.45 | 10.6× | 13.2× |
| RF | $28.48 | 10.2× | 11.2× |
| Peer median | 10.2× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Jun 2026 2026-06-30 | $3.3B | — | $801M | 0.83 | $2.6B |
| Q/E Mar 2026 2026-03-31 | $2.8B | — | $165M | 0.15 | $-1.3B |
| Q/E Dec 2025 2025-12-31 | $2.3B | — | $731M | — | $765M |
| Q/E Sep 2025 2025-09-30 | $2.3B | — | $649M | 0.91 | $886M |
| Q/E Jun 2025 2025-06-30 | $2.2B | — | $628M | 0.88 | $1.2B |
| Q/E Mar 2025 2025-03-31 | $2.1B | — | $515M | 0.71 | $1.1B |
| Q/E Dec 2024 2024-12-31 | $2.2B | — | $620M | — | $-246M |
| Q/E Sep 2024 2024-09-30 | $2.1B | — | $573M | 0.78 | $1.7B |
| Q/E Jun 2024 2024-06-30 | $2.1B | — | $601M | 0.81 | $588M |
| Q/E Mar 2024 2024-03-31 | $2.1B | — | $520M | 0.70 | $321M |
| Q/E Dec 2023 2023-12-31 | $2.2B | — | $530M | — | $1.9B |
| Q/E Sep 2023 2023-09-30 | $2.2B | — | $660M | 0.91 | $519M |
The last twelve reported quarters. Full 24-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | FIFTH THIRD BANCORP |
| Chief executive | Timothy N. Spence (source: https://www.businesswire.com/news/home/20260421671645/en/Fifth-Third-Bancorp-Announces-Preliminary-Results-of-Annual-Shareholders-Meeting) |
| Sector | Financials — Regional Banks — runs a regional bank offering consumer, commercial and wealth services |
| Share price (Oct 28, 2026) | $53.52 |
| Market value (market cap) | $48.6B — share price times shares outstanding of 906,892,564 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $10.7B |
| Net income, last twelve months | $2.3B |
| Free cash flow, last twelve months | $3.0B |
| Latest reported quarter | Q/E Jun 2026 (of 24 quarters in the data pack) |
| Six-year price return vs S&P 500 | +157.03% vs +118.28% |
| Worst peak-to-trough fall | -54.6% (2022-01-14 to 2023-10-27) |
What we could not verify
- Revenue construction: this filer tags no single total-revenue concept in EDGAR company facts, so quarterly revenue is the sum of two tagged components — net interest income (InterestIncomeExpenseNet) plus noninterest income (NoninterestIncome) — the same total-net-revenue presentation the bank itself reports. Where a component is untagged for a quarter-end, the concept-chain value is used instead.
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Revenue for this company in the data pack is constructed as net interest income + noninterest income (both EDGAR-tagged; this bank tags no single total-revenue concept), so the revenue growth figure rests on that constructed total.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000035527.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000035527.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/FITB/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.