Is Wells Fargo & Co. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Wells Fargo & Co. moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears undervalued, supported by a P/E ratio of 18, a PEG ratio of 0.95, and an EV to EBITDA of 14.31. In comparison to peers, Bank of America Corp. has a lower P/E of 12.90, while Citigroup, Inc. is considered attractive with a P/E of 19.76.
Wells Fargo has outperformed the S&P 500 with a year-to-date return of 18.32% compared to the S&P 500's 12.26%, and over five years, it boasts a remarkable return of 226.18% against the S&P 500's 85.61%. This performance, combined with its attractive valuation ratios, reinforces the conclusion that Wells Fargo is currently undervalued.