P/E ratio for Banco Santander México (BSMX)
P/E ratio as of June 2023 (TTM): 4.96
According to Banco Santander México's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.96323. At the end of 2021 the company had a P/E ratio of 8.60.
P/E ratio history for Banco Santander México from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.60 | 12.03% |
| 2020 | 7.68 | |
| 2017 | 10.5 | |
| 2015 | 13.6 | 24.82% |
| 2014 | 10.9 | -4.35% |
| 2013 | 11.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Citigroup C | 6.27 | 26.40% | 🇺🇸 USA |
 U.S. Bancorp USB | 8.44 | 70.05% | 🇺🇸 USA |
 HSBC HSBC | 8.04 | 62.09% | 🇬🇧 UK |
 Banco Bilbao Vizcaya Argentaria BBVA | 7.37 | 48.56% | 🇪🇸 Spain |
 Banco de Chile
BCH | 7.75 | 56.22% | 🇨🇱 Chile |
 Santander SAN | 5.95 | 19.98% | 🇪🇸 Spain |
 Scotiabank BNS | 8.97 | 80.67% | 🇨🇦 Canada |
 Bancolombia
CIB | 3.88 | -21.80% | 🇨🇴 Colombia |
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.