In the current market session, PNC Finl Servs Gr Inc. (NYSE:PNC) price is at $152.00, after a 0.52% spike. However, over the past month, the stock decreased by 2.57%, and in the past year, by 10.15%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.

A Look at PNC Finl Servs Gr P/E Relative to Its Competitors

The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued.

Compared to the aggregate P/E ratio of the 14.16 in the Banks industry, PNC Finl Servs Gr Inc. has a lower P/E ratio of 11.82. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued.