Reason: Delisted through tender offer
Last recorded trade on: July 7, 2023
Source: https://www.whitecase.com/news/press-release/white-case-advises-banco-santander-tender-offer-delisting
P/E ratio for Banco Santander México (BSMX)
P/E ratio on July 7, 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 2022 the company had a P/E ratio of 6.16.
P/E ratio history for Banco Santander México from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.16 | -28.48% |
| 2021 | 8.61 | 12.62% |
| 2020 | 7.64 | |
| 2017 | 13.6 | 15.95% |
| 2016 | 11.8 | -13.21% |
| 2015 | 13.6 | -0.08% |
| 2014 | 13.6 | 18.71% |
| 2013 | 11.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Citigroup C | 13.5 | 171.69% | 🇺🇸 USA |
 U.S. Bancorp USB | 11.7 | 135.62% | 🇺🇸 USA |
 HSBC HSBC | 7.93 | 59.69% | 🇬🇧 UK |
 Grupo Cibest (Bancolombia) CIB | 7.14 | 43.76% | 🇨🇴 Colombia |
 Banco de Chile
BCH | 11.2 | 125.25% | 🇨🇱 Chile |
 Santander SAN | 10.2 | 105.36% | 🇪🇸 Spain |
 Banco Bilbao Vizcaya Argentaria BBVA | 7.93 | 59.84% | 🇪🇸 Spain |
 Scotiabank BNS | 14.3 | 187.18% | 🇨🇦 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.