P/E ratio for HSBC (HSBC)
P/E ratio as of September 2023 (TTM): 6.62
According to HSBC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.62167. At the end of 2012 the company had a P/E ratio of 14.3.
P/E ratio history for HSBC from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2012 | 14.3 | 73.17% |
| 2011 | 8.28 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 7.98 | 20.49% | 🇺🇸 USA |
 JPMorgan Chase JPM | 9.41 | 42.14% | 🇺🇸 USA |
 Citigroup C | 6.09 | -8.08% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 10.7 | 60.96% | 🇨🇦 Canada |
 Deutsche Bank DB | 4.04 | -38.98% | 🇩🇪 Germany |
 Banco Santander México BSMX | 4.96 | -25.05% | 🇲🇽 Mexico |
 Santander SAN | 6.03 | -8.99% | 🇪🇸 Spain |
 Itaú Unibanco
ITUB | 8.72 | 31.70% | 🇧🇷 Brazil |
 Barclays BCS | 4.44 | -32.94% | 🇬🇧 UK |
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.