Sumitomo Realty & Development
8830.T
#1235
Rank
$14.47 B
Marketcap
$30.54
Share price
0.19%
Change (1 day)
30.34%
Change (1 year)

P/E ratio for Sumitomo Realty & Development (8830.T)

P/E ratio as of May 2024 (TTM): 12.1

According to Sumitomo Realty & Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.1306. At the end of 2022 the company had a P/E ratio of 9.42.

P/E ratio history for Sumitomo Realty & Development from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.42-16.56%
202111.317.17%
20209.63-23.39%
201912.6-27.24%
201817.321.88%
201714.2-0.77%
201614.3-18.11%
201517.5-41.31%
201429.7-13.28%
201334.364.58%
201220.847.61%
201114.1-23.49%
201018.434.27%
200913.7

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.