P/E ratio for Sumitomo Metal Mining (5713.T)
P/E ratio as of April 2024 (TTM): 11.9
According to Sumitomo Metal Mining's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.887. At the end of 2022 the company had a P/E ratio of 4.87.
P/E ratio history for Sumitomo Metal Mining from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.87 | -10.73% |
| 2021 | 5.45 | -76.37% |
| 2020 | 23.1 | 21.7% |
| 2019 | 19.0 | 109.83% |
| 2018 | 9.03 | -48.35% |
| 2017 | 17.5 | -192.26% |
| 2016 | -19.0 | -113.3% |
| 2015 | 143 | 1545.91% |
| 2014 | 8.66 | 4.77% |
| 2013 | 8.27 | -9.54% |
| 2012 | 9.14 | 23.53% |
| 2011 | 7.40 | -29.33% |
| 2010 | 10.5 | -76.94% |
| 2009 | 45.4 |
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.