P/E ratio for Sumitomo Mitsui Financial Group (SMFG)
P/E ratio as of April 2024 (TTM): 13.2
According to Sumitomo Mitsui Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2293. At the end of 2022 the company had a P/E ratio of 8.79.
P/E ratio history for Sumitomo Mitsui Financial Group from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.79 | 18.61% |
| 2021 | 7.41 | -12.59% |
| 2020 | 8.48 | 6.82% |
| 2019 | 7.94 | 14.1% |
| 2018 | 6.96 | -17.7% |
| 2017 | 8.45 | -11.22% |
| 2016 | 9.52 | 5.72% |
| 2015 | 9.01 | 34.75% |
| 2014 | 6.68 | -36.26% |
| 2013 | 10.5 | 24.04% |
| 2012 | 8.45 | 0.78% |
| 2011 | 8.39 | 66.14% |
| 2010 | 5.05 | -108.08% |
| 2009 | -62.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Citigroup C | 9.11 | -31.11% | 🇺🇸 USA |
 State Street Corporation
STT | 10.6 | -20.24% | 🇺🇸 USA |
 Shinhan Financial Group
SHG | 5.78 | -56.34% | 🇰🇷 S. Korea |
 Mizuho Financial Group
MFG | 10.6 | -19.84% | 🇯🇵 Japan |
 ICICI Bank IBN | 19.0 | 43.98% | 🇮🇳 India |
 Barclays BCS | 6.06 | -54.21% | 🇬🇧 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.