Financials · Diversified Banks · US stock · price as of 22 Oct 2026
Key indicators
Price
$225.53
52-week range
$177.08 – $258.96
Market cap
$90.9B
P/E (trailing)
11.8×
Dividend yield
3.3%
Revenue (last 12 months)
$25.0B
Revenue growth (3y a year)
3.0%
Price / book
1.4×
Return on equity
12.0%
Fair value
Fair value (average of valid models)$274.17 middle half of models $215 – $280
Versus priceUndervalued+22% to fair value
P/E multiple
$225.40
P/B multiple
$215.88
P/S multiple
$210.70
Dividend discount, stable
$444.69
Model uncertainty
Medium
X-Ray Score
49/ 100 · Medium confidence · ahead of 45% of sector peers
Valuation68
Growth36
Profitability34
Financial health54
Dividends61
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Based in Pittsburgh, PNC Financial Services is a diversified bank holding company. Through PNC Bank it offers retail banking to consumers and small businesses, corporate and institutional banking to larger companies, and asset management and wealth services to individuals and institutions. It serves customers through branches, digital banking and commercial relationships in many parts of the United States.
PNC earns money from the interest margin between loans and deposits and from fees for payments, advisory work and asset management. Sales for the last twelve months were $25.0 billion, and growth over the last three years was 3.0% a year. The operating margin is 37.5%, and the business earns a profit of 6% on the capital invested in it. The company pays a dividend with a yield of 3.3%.
StocksXray gives Pnc Financial Services Group, Inc. an X-Ray Score of 49 out of 100 (medium confidence), ahead of 45% of the S&P 500 stocks in its sector. Its strongest lens is valuation (68) and its weakest is profitability (34).
Our fair value (the average of the valid models) is $274.17 (range $214.59 to $280.22). At $225.53 the stock trades 18% below that value, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Pnc Financial Services Group, Inc. (PNC)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$166.41
$135.47
$139.14
$180.04
$202.08
$225.53
Market cap
$70.9B
$55.8B
$55.8B
$72.0B
$80.0B
$90.9B
P/E
13.1×
9.8×
10.9×
13.1×
12.2×
11.8×
Price / book
1.3×
1.2×
1.1×
1.3×
1.3×
1.4×
Dividend yield
2.88%
4.24%
4.38%
3.50%
3.27%
3.28%
Fundamentals checklist ● 3 Good · ● 1 Average · ● 3 Bad · each check graded against the sector
Risk models
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)6.2%Bad
Revenue growth (3y)3.0%Bad
Growth consistency90%Average
Valuation
Fair value vs price1.2×Good
Profitability
Return on invested capital6.3%Bad
Operating margin37.5%Good
XStocksXray
Pnc Financial Services Group, Inc. (PNC)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
19,211
21,120
21,490
21,555
23,099
25,026
Net income
5,725
6,113
5,647
5,953
6,997
7,667
Diluted EPS ($)
12.70
13.85
12.79
13.74
16.59
19.17
Net margin
29.8%
28.9%
26.3%
27.6%
30.3%
30.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
557,191
557,263
561,580
560,038
573,572
616,034
Cash
82,254
34,363
50,725
46,251
39,713
28,745
Total debt
–
58,726
72,737
61,673
57,101
85,723
Equity
55,695
45,774
51,105
54,425
60,585
64,008
Dividend per share ($)
4.80
5.75
6.10
6.30
6.60
6.80
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
