P/E ratio for Itaú Unibanco (ITUB)
P/E ratio as of June 2023 (TTM): 9.88
According to Itaú Unibanco 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.88194. At the end of 2021 the company had a P/E ratio of 7.66.
P/E ratio history for Itaú Unibanco from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.66 | -53.3% |
| 2020 | 16.4 | 50.53% |
| 2019 | 10.9 | -10.05% |
| 2018 | 12.1 | 25.76% |
| 2017 | 9.63 | 24.73% |
| 2016 | 7.72 | 54.96% |
| 2015 | 4.98 | -37.43% |
| 2014 | 7.97 | -8.03% |
| 2013 | 8.66 | -22.53% |
| 2012 | 11.2 | 9.15% |
| 2011 | 10.2 | -16.78% |
| 2010 | 12.3 | -23.3% |
| 2009 | 16.0 | -1.54% |
| 2008 | 16.3 | 15.74% |
| 2007 | 14.1 | -5.07% |
| 2006 | 14.8 | 39.32% |
| 2005 | 10.6 | -43.17% |
| 2004 | 18.7 | 91.88% |
| 2003 | 9.76 | 1.31% |
| 2002 | 9.64 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 11.2 | 13.37% | 🇨🇦 Canada |
 JPMorgan Chase JPM | 10.4 | 4.76% | 🇺🇸 USA |
 Citigroup C | 6.51 | -34.10% | 🇺🇸 USA |
 Santander SAN | 5.99 | -39.39% | 🇪🇸 Spain |
 Scotiabank BNS | 8.95 | -9.40% | 🇨🇦 Canada |
 Credicorp BAP | 8.70 | -12.00% | 🇧🇲 Bermuda |
 Bancolombia
CIB | 4.27 | -56.77% | 🇨🇴 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.