P/E ratio for Banco Santander México (BSMX)

P/E ratio history for Banco Santander México from 2013 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Citigroup C	10.0	102.06%	🇺🇸 USA
U.S. Bancorp USB	15.3	208.16%	🇺🇸 USA
HSBC HSBC	6.66	34.28%	🇬🇧 UK
Bancolombia CIB	5.55	11.85%	🇨🇴 Colombia
Banco de Chile BCH	7.91	59.43%	🇨🇱 Chile
Santander SAN	7.22	45.52%	🇪🇸 Spain
Banco Bilbao Vizcaya Argentaria BBVA	7.90	59.14%	🇪🇸 Spain
Scotiabank BNS	11.7	136.20%	🇨🇦 Canada

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.