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WELLS FARGO & COMPANY/MN WFC

NYSE · stock · National Commercial Banks · website · IPO 1962-12-10

WELLS FARGO & COMPANY/MN statistics & valuation

Market cap$260.3B
P / E12.2×
P / B1.4×
Dividend yield2.09%
Return on equity11.7%
Net debt$174.7B
Enterprise value USD$435.0B
Graham number +0.3%$89.17

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($89.17); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.90% 10.70% 11.40% 10.50% 1.80% 11.60% 7.50% 10.20% 10.90% 11.70% 2016201720182019202020212022202320242025
Shares outstanding
5.11B 5.02B 4.84B 4.43B 4.13B 4.10B 3.84B 3.72B 3.47B 3.24B 2016201720182019202020212022202320242025
Net debt ($)
$255.08B $225.02B $229.04B $228.19B $212.95B $160.69B $174.87B $207.59B $173.08B $174.71B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.10% 1.10% 1.20% 1.00% 0.20% 1.10% 0.70% 1.00% 1.00% 1.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.27× 1.08× 1.16× 1.22× 1.15× 0.85× 0.96× 1.11× 0.96× 0.95× 2016201720182019202020212022202320242025
EPS ($)
$3.99 $4.10 $4.28 $4.09 $0.43 $5.08 $3.27 $4.83 $5.37 $6.26 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WELLS FARGO & COMPANY/MN trades at about 14.2× earnings — near its 10-year norm (10-year range 10.4×–69.5×, median 14.3×).

10.4× 69.5×

Shaded band = 10-year range (10.4×–69.5×); dot = today's 14.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin——————23.2%25.9%25.1%24.9%
Return on assets1.0%1.0%1.0%0.7%1.1%0.2%1.0%1.2%1.1%1.1%
Return on equity11.7%10.9%10.2%7.5%11.6%1.8%10.5%11.4%10.7%10.9%
Debt / equity0.95×0.96×1.11×0.96×0.85×1.15×1.22×1.16×1.08×1.27×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.