P/E ratio for Sumitomo Mitsui Financial Group (SMFG)
P/E ratio as of October 2023 (TTM): 11.9
According to Sumitomo Mitsui Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8851. At the end of 2022 the company had a P/E ratio of 7.74.
P/E ratio history for Sumitomo Mitsui Financial Group from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.74 | -29.5% |
| 2021 | 11.0 | 104.39% |
| 2020 | 5.37 | -30.01% |
| 2019 | 7.67 | -11.56% |
| 2018 | 8.68 | -4.04% |
| 2017 | 9.04 | 27.74% |
| 2016 | 7.08 | -17.79% |
| 2015 | 8.61 | 8.43% |
| 2014 | 7.94 | 28.16% |
| 2013 | 6.20 | -17.4% |
| 2012 | 7.50 | -3.36% |
| 2011 | 7.76 | 27.13% |
| 2010 | 6.11 | -186.69% |
| 2009 | -7.04 | -160.49% |
| 2008 | 11.6 | -36.95% |
| 2007 | 18.5 | 33.23% |
| 2006 | 13.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Citigroup C | 6.03 | -49.24% | 🇺🇸 USA |
 State Street Corporation
STT | 9.01 | -24.21% | 🇺🇸 USA |
 Shinhan Financial Group
SHG | 4.24 | -64.34% | 🇰🇷 S. Korea |
 Mizuho Financial Group
MFG | 9.74 | -18.09% | 🇯🇵 Japan |
 ICICI Bank IBN | 17.6 | 48.06% | 🇮🇳 India |
 Barclays BCS | 4.52 | -62.00% | 🇬🇧 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.