Sumitomo
8053.T
#827
Rank
$20.41 B
Marketcap
$16.33
Share price
-0.09%
Change (1 day)
16.23%
Change (1 year)

P/E ratio for Sumitomo (8053.T)

P/E ratio as of December 2022 (TTM): 4.55

According to Sumitomo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.54783. At the end of 2022 the company had a P/E ratio of 5.78.

P/E ratio history for Sumitomo from 2011 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20225.78-144.32%
2021-13.0-239.25%
20209.3753.06%
20196.12-15.52%
20187.25-34.98%
201711.1-40.95%
201618.9-184.47%
2015-22.3-400.99%
20147.4219.83%
20136.203.89%
20125.96-19.65%
20117.42-14.74%
20108.7171.22%
20095.09-25.49%
20086.83-45.29%
200712.5-2.75%
200612.83.24%
200512.4-13.77%
200414.4-27.59%
200319.922.91%
200216.2-22.4%
200120.9

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.