Financials · Diversified Banks · US stock · price as of 22 Oct 2026
Key indicators
Price
$60.02
52-week range
$45.02 – $66.08
Market cap
$93.3B
P/E (trailing)
11.4×
Dividend yield
3.5%
Revenue (last 12 months)
$29.7B
Revenue growth (3y a year)
5.6%
Price / book
1.4×
Return on equity
12.1%
Fair value
Fair value (average of valid models)$72.64 middle half of models $57 – $74
Versus priceUndervalued+21% to fair value
P/E multiple
$59.46
P/B multiple
$56.31
P/S multiple
$56.99
Dividend discount, stable
$117.80
Model uncertainty
Medium
X-Ray Score
63/ 100 · Medium confidence · ahead of 89% of sector peers
Valuation86
Growth28
Profitability53
Financial health80
Dividends65
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
U.S. Bancorp is a large diversified bank holding company based in Minneapolis, offering consumer and business banking, wealth management, payment services and commercial lending. It takes deposits and lends funds, earning net interest income from the spread between what it receives on loans and pays on deposits. It also collects fees from payment processing, card services, trust and mortgage banking activities.
Us Bancorp De generated $29.7 billion of revenue in the last twelve months, with sales that expanded at 5.6% a year across three years. The operating margin is 34.4% and the return on invested capital is 21%. A dividend is paid, with a yield of 3.5%.
StocksXray gives Us Bancorp De an X-Ray Score of 63 out of 100 (medium confidence), ahead of 89% of the S&P 500 stocks in its sector. Its strongest lens is valuation (86) and its weakest is growth (28).
Our fair value (the average of the valid models) is $72.64 (range $56.82 to $74.04). At $60.02 the stock trades 17% below that value, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Us Bancorp De (USB)
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
$45.45
$36.76
$38.52
$44.54
$51.88
$60.02
Market cap
$67.7B
$54.8B
$59.4B
$69.5B
$80.8B
$93.3B
P/E
8.9×
10.0×
11.8×
11.8×
11.2×
11.4×
Price / book
1.2×
1.1×
1.1×
1.2×
1.2×
1.4×
Dividend yield
3.87%
5.11%
5.01%
4.45%
3.93%
3.50%
Fundamentals checklist ● 3 Good · ● 1 Average · ● 3 Bad · each check graded against the sector
Risk models
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)7.8%Bad
Revenue growth (3y)5.6%Bad
Growth consistency70%Bad
Valuation
Fair value vs price1.2×Good
Profitability
Return on invested capital21.4%Good
Operating margin34.4%Average
XStocksXray
Us Bancorp De (USB)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
–
24,302
28,144
27,455
28,656
29,694
Net income
7,963
5,825
5,429
6,299
7,570
8,168
Diluted EPS ($)
5.10
3.69
3.27
3.79
4.62
5.25
Net margin
–
24.0%
19.3%
22.9%
26.4%
27.5%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
573,284
674,805
663,491
678,318
692,345
725,918
Cash
28,905
53,542
61,192
56,502
46,890
66,491
Total debt
43,921
71,045
15,279
15,518
17,162
37,337
Equity
54,918
50,766
55,306
58,578
65,193
67,432
Dividend per share ($)
1.76
1.88
1.93
1.98
2.04
2.08
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.
