Sumitomo Mitsui Financial Group
SMFG
#178
Rank
NZ$165.91 B
Marketcap
$24.88
Share price
-0.71%
Change (1 day)
69.86%
Change (1 year)

P/E ratio for Sumitomo Mitsui Financial Group (SMFG)

P/E ratio as of December 2024 (TTM): 16.7

According to Sumitomo Mitsui Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6545. At the end of 2022 the company had a P/E ratio of 8.79.

P/E ratio history for Sumitomo Mitsui Financial Group from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.7918.61%
20217.41-12.59%
20208.486.82%
20197.9414.1%
20186.96-17.7%
20178.45-11.22%
20169.525.72%
20159.0134.75%
20146.68-36.26%
201310.524.04%
20128.450.78%
20118.3966.14%
20105.05-108.08%
2009-62.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
13.3-19.94%๐Ÿ‡ฏ๐Ÿ‡ต Japan
10.2-39.01%๐Ÿ‡บ๐Ÿ‡ธ USA
14.1-15.29%๐Ÿ‡บ๐Ÿ‡ธ USA
21.7 30.44%๐Ÿ‡ฎ๐Ÿ‡ณ India
7.64-54.11%๐Ÿ‡ฌ๐Ÿ‡ง UK
5.74-65.56%๐Ÿ‡ฐ๐Ÿ‡ท S. Korea

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.