P/E ratio for State Street Corporation (STT)
P/E ratio as of April 2024 (TTM): 10.7
According to State Street Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7036. At the end of 2022 the company had a P/E ratio of 10.6.
P/E ratio history for State Street Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.6 | -16.48% |
| 2021 | 12.7 | 12.03% |
| 2020 | 11.4 | -16.18% |
| 2019 | 13.6 | 39.83% |
| 2018 | 9.70 | -47.02% |
| 2017 | 18.3 | 18.76% |
| 2016 | 15.4 | 6.2% |
| 2015 | 14.5 | -11.58% |
| 2014 | 16.4 | 5.4% |
| 2013 | 15.6 | 41.53% |
| 2012 | 11.0 | 4.6% |
| 2011 | 10.5 | -29.37% |
| 2010 | 14.9 | 44.25% |
| 2009 | 10.3 | 13.98% |
| 2008 | 9.06 | -61.05% |
| 2007 | 23.3 | 15.23% |
| 2006 | 20.2 | -7.86% |
| 2005 | 21.9 | 6.17% |
| 2004 | 20.6 | -13.61% |
| 2003 | 23.9 | 92.96% |
| 2002 | 12.4 | -54.03% |
| 2001 | 26.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 10.7 | -0.15% | 🇺🇸 USA |
 Northern Trust
NTRS | 16.0 | 49.23% | 🇺🇸 USA |
 JPMorgan Chase JPM | 11.5 | 6.98% | 🇺🇸 USA |
 Citigroup C | 9.12 | -14.84% | 🇺🇸 USA |
 Bank of New York Mellon BK | 13.4 | 24.80% | 🇺🇸 USA |
 Barclays BCS | 5.64 | -47.27% | 🇬🇧 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.