Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Shiller PE Ratio : 14.77 (As of Apr. 26, 2024)

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What is Sumitomo Mitsui Financial Group Shiller PE Ratio?

As of today (2024-04-26), Sumitomo Mitsui Financial Group's current share price is $57.02. Sumitomo Mitsui Financial Group's E10 for the quarter that ended in Dec. 2023 was $3.86. Sumitomo Mitsui Financial Group's Shiller PE Ratio for today is 14.77.

The historical rank and industry rank for Sumitomo Mitsui Financial Group's Shiller PE Ratio or its related term are showing as below:

SMFNF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.13 Med: 9.57 Max: 20.09
Current: 15.49

During the past years, Sumitomo Mitsui Financial Group's highest Shiller PE Ratio was 20.09. The lowest was 5.13. And the median was 9.57.

SMFNF's Shiller PE Ratio is ranked worse than
80.64% of 1126 companies
in the Banks industry
Industry Median: 10.305 vs SMFNF: 15.49

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Sumitomo Mitsui Financial Group's adjusted earnings per share data for the three months ended in Dec. 2023 was $1.391. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.86 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Sumitomo Mitsui Financial Group Shiller PE Ratio Historical Data

The historical data trend for Sumitomo Mitsui Financial Group's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sumitomo Mitsui Financial Group Shiller PE Ratio Chart

Sumitomo Mitsui Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Shiller PE Ratio

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8.12

5.46

8.32

7.61

9.70

Sumitomo Mitsui Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Shiller PE Ratio	Get a 7-Day Free Trial															9.80	9.70	11.29	13.18	12.27

Competitive Comparison of Sumitomo Mitsui Financial Group's Shiller PE Ratio

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sumitomo Mitsui Financial Group's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's Shiller PE Ratio falls into.

Sumitomo Mitsui Financial Group Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Sumitomo Mitsui Financial Group's Shiller PE Ratio for today is calculated as

Shiller PE Ratio	=	Share Price	/	E10
	=	57.02	/	3.86
	=	14.77

Sumitomo Mitsui Financial Group's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Sumitomo Mitsui Financial Group's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Dec. 2023 (Change)	*	Current CPI (Dec. 2023)
	=	1.391	/	106.8000	*	106.8000
	=	1.391

Current CPI (Dec. 2023) = 106.8000.

Sumitomo Mitsui Financial Group Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201403	0.933	95.700	1.041
201406	1.653	98.000	1.801
201409	1.088	98.500	1.180
201412	1.786	97.900	1.948
201503	0.433	97.900	0.472
201506	1.583	98.400	1.718
201509	1.074	98.500	1.164
201512	1.092	98.100	1.189
201603	0.132	97.900	0.144
201606	1.278	98.100	1.391
201609	2.311	98.000	2.519
201612	0.243	98.400	0.264
201703	1.041	98.100	1.133
201706	1.543	98.500	1.673
201709	1.180	98.800	1.276
201712	1.393	99.400	1.497
201803	0.576	99.200	0.620
201806	1.469	99.200	1.582
201809	0.834	99.900	0.892
201812	1.789	99.700	1.916
201903	0.573	99.700	0.614
201906	1.436	99.800	1.537
201909	1.465	100.100	1.563
201912	1.198	100.500	1.273
202003	0.634	100.300	0.675
202006	0.584	99.900	0.624
202009	1.591	99.900	1.701
202012	0.826	99.300	0.888
202103	0.529	99.900	0.566
202106	1.346	99.500	1.445
202109	1.673	100.100	1.785
202112	1.081	100.100	1.153
202203	0.503	101.100	0.531
202206	1.374	101.800	1.441
202209	1.389	103.100	1.439
202212	1.305	104.100	1.339
202303	0.233	104.400	0.238
202306	1.313	105.200	1.333
202309	1.411	106.200	1.419
202312	1.391	106.800	1.391

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Sumitomo Mitsui Financial Group (OTCPK:SMFNF) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.

Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.

Sumitomo Mitsui Financial Group Shiller PE Ratio Related Terms

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Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (OTCPK:SMFNF) » Definitions » Shiller PE Ratio

Comparable Companies

Traded in Other Exchanges

SMFG:USA SMFG:Mexico 8316:Japan XMFA:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.