P/E ratio for Sumitomo (8053.T)
P/E ratio as of April 2024 (TTM): 7.80
According to Sumitomo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.79826. At the end of 2022 the company had a P/E ratio of 4.63.
P/E ratio history for Sumitomo from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.63 | -35.56% |
| 2021 | 7.19 | -164.75% |
| 2020 | -11.1 | -258.79% |
| 2019 | 6.99 | 6.67% |
| 2018 | 6.56 | -14.38% |
| 2017 | 7.66 | -44.37% |
| 2016 | 13.8 | -101.4% |
| 2015 | -984 | -2154.05% |
| 2014 | 47.9 | 550.88% |
| 2013 | 7.36 | 17.82% |
| 2012 | 6.25 | 15.21% |
| 2011 | 5.42 | -14.63% |
| 2010 | 6.35 | -36.69% |
| 2009 | 10.0 |
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.