P/E ratio for Sumitomo (8053.T)
P/E ratio as of June 2023 (TTM): 5.97
According to Sumitomo's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.9662. 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 |
|---|---|---|
| 2022 | 5.78 | -144.32% |
| 2021 | -13.0 | -239.25% |
| 2020 | 9.37 | 53.06% |
| 2019 | 6.12 | -15.52% |
| 2018 | 7.25 | -34.98% |
| 2017 | 11.1 | -40.95% |
| 2016 | 18.9 | -184.47% |
| 2015 | -22.3 | -400.99% |
| 2014 | 7.42 | 19.83% |
| 2013 | 6.20 | 3.89% |
| 2012 | 5.96 | -19.65% |
| 2011 | 7.42 | -14.74% |
| 2010 | 8.71 | 71.22% |
| 2009 | 5.09 | -25.49% |
| 2008 | 6.83 | -45.29% |
| 2007 | 12.5 | -2.75% |
| 2006 | 12.8 | 3.24% |
| 2005 | 12.4 | -13.77% |
| 2004 | 14.4 | -27.59% |
| 2003 | 19.9 | 22.91% |
| 2002 | 16.2 | -22.4% |
| 2001 | 20.9 |
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.