P/E ratio for Itaú Unibanco (ITUB)

P/E ratio history for Itaú Unibanco from 2002 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Santander SAN	7.55	-20.75%	🇪🇸 Spain
Credicorp BAP	10.7	11.79%	🇧🇲 Bermuda
Royal Bank Of Canada RY	15.8	65.54%	🇨🇦 Canada
Citigroup C	9.36	-1.76%	🇺🇸 USA
JPMorgan Chase JPM	13.4	40.57%	🇺🇸 USA
Bancolombia CIB	5.39	-43.47%	🇨🇴 Colombia
Scotiabank BNS	10.8	13.40%	🇨🇦 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.