State Street Corporation
STT
#786
Rank
$21.94 B
Marketcap
$68.88
Share price
-1.16%
Change (1 day)
-0.10%
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 September 2023 (TTM): 9.29

According to State Street Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.292. At the end of 2021 the company had a P/E ratio of 12.7.

P/E ratio history for State Street Corporation from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
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%
201211.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.18-11.96%๐Ÿ‡บ๐Ÿ‡ธ USA
12.5 34.76%๐Ÿ‡บ๐Ÿ‡ธ USA
9.52 2.44%๐Ÿ‡บ๐Ÿ‡ธ USA
6.19-33.34%๐Ÿ‡บ๐Ÿ‡ธ USA
12.6 35.92%๐Ÿ‡บ๐Ÿ‡ธ USA
4.51-51.46%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.