State Street Corporation
STT
#778
Rank
$24.82 B
Marketcap
$82.96
Share price
-1.01%
Change (1 day)
16.45%
Change (1 year)
State Street Corporation is an American financial services and bank holding company that operations worldwide.

P/E ratio for State Street Corporation (STT)

P/E ratio as of July 2024 (TTM): 11.9

According to State Street Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.9367. 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
202210.6-16.48%
202112.712.03%
202011.4-16.18%
201913.639.83%
20189.70-47.02%
201718.318.76%
201615.46.2%
201514.5-11.58%
201416.45.4%
201315.641.53%
201211.04.6%
201110.5-29.37%
201014.944.25%
200910.313.98%
20089.06-61.05%
200723.315.23%
200620.2-7.86%
200521.96.17%
200420.6-13.61%
200323.992.96%
200212.4-54.03%
200126.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
16.4 37.43%๐Ÿ‡บ๐Ÿ‡ธ USA
12.4 4.14%๐Ÿ‡บ๐Ÿ‡ธ USA
14.9 24.49%๐Ÿ‡บ๐Ÿ‡ธ USA
11.8-1.55%๐Ÿ‡บ๐Ÿ‡ธ USA
9.26-22.43%๐Ÿ‡บ๐Ÿ‡ธ USA
6.81-42.97%๐Ÿ‡ฌ๐Ÿ‡ง 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.