P/E ratio for Shinhan Financial Group (SHG)
P/E ratio as of May 2024 (TTM): 5.68
According to Shinhan Financial Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.67613. At the end of 2022 the company had a P/E ratio of 4.21.
P/E ratio history for Shinhan Financial Group from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.21 | -13.68% |
| 2021 | 4.88 | -7.64% |
| 2020 | 5.28 | -16.57% |
| 2019 | 6.33 | 6.8% |
| 2018 | 5.92 | -30.85% |
| 2017 | 8.57 | 13.86% |
| 2016 | 7.52 | -6.33% |
| 2015 | 8.03 | -20.61% |
| 2014 | 10.1 | -22.52% |
| 2013 | 13.1 | 50.9% |
| 2012 | 8.65 | 40.87% |
| 2011 | 6.14 | -40.74% |
| 2010 | 10.4 | |
| 2007 | 12.5 | -6.42% |
| 2006 | 13.3 | 53.15% |
| 2005 | 8.70 | 25.36% |
| 2004 | 6.94 | -63.43% |
| 2003 | 19.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Citigroup C | 8.95 | 57.70% | 🇺🇸 USA |
 Mizuho Financial Group
MFG | 10.8 | 89.98% | 🇯🇵 Japan |
 KB Financial Group KB | 6.61 | 16.46% | 🇰🇷 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.