Bank of MontrealBMO

Where BMO's P/E ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$173.69+1.06 (+0.61%)Previous close
NYSEFinancial Services

BMO P/E ratio: current value, 10-year range and year-by-year history

19.7Near historic high

BMO's p/e ratio is higher than 95% of the last 10 years.

P/E ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
BMO P/E ratio historyBMO P/E ratio from Sep 2023 to Sep 2026: low 10.28, high 23.6, latest 19.71.9.2213.0816.9420.824.66Sep 23Apr 24Nov 24Jun 25Feb 26Sep 26med 15.31

BMO P/E ratio by year

Yearly range of BMO’s p/e ratio from 2016 to 2026. Over the full period it ranged from 6.0 to 23.6, averaging 12.7.

BMO P/E ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202615.317.621.119.7
202511.714.215.915.6
202412.715.823.614.7
20236.211.923.623.5
20226.08.512.86.1
202111.412.814.311.8
20206.410.613.012.8
20199.410.912.011.6
201810.613.815.310.9
201711.112.614.713.3
201611.912.814.013.7

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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.

FormulaPrice / Earnings Per Share
Full guide
How to read this chart

The chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.

Key caveats
  • Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
  • A falling P/E trend may signal a business in structural decline, not a buying opportunity.

Is BMO P/E ratio High or Low Right Now?

Bank of Montreal's P/E ratio is currently 19.7, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for BMO is approximately 12.6. See all BMO valuation metrics →

Pro — up to 30-year history

Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.