P/E ratio for Sumitomo Mitsui Trust Holdings (8309.T)
P/E ratio as of April 2024 (TTM): 6.43
According to Sumitomo Mitsui Trust Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.43082. At the end of 2022 the company had a P/E ratio of 9.84.
P/E ratio history for Sumitomo Mitsui Trust Holdings from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.84 | 7.66% |
| 2021 | 9.14 | 4.3% |
| 2020 | 8.76 | 3.95% |
| 2019 | 8.43 | -8.52% |
| 2018 | 9.22 | -38.33% |
| 2017 | 14.9 | 56.47% |
| 2016 | 9.55 | -12.93% |
| 2015 | 11.0 | -5.92% |
| 2014 | 11.7 | -24.18% |
| 2013 | 15.4 | 37.75% |
| 2012 | 11.2 | 33.28% |
| 2011 | 8.38 | 5.62% |
| 2010 | 7.93 | -264.25% |
| 2009 | -4.83 |
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.