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 |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 8.18 | -11.96% | 🇺🇸 USA |
 Northern Trust
NTRS | 12.5 | 34.76% | 🇺🇸 USA |
 JPMorgan Chase JPM | 9.52 | 2.44% | 🇺🇸 USA |
 Citigroup C | 6.19 | -33.34% | 🇺🇸 USA |
 Bank of New York Mellon BK | 12.6 | 35.92% | 🇺🇸 USA |
 Barclays BCS | 4.51 | -51.46% | 🇬🇧 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.