Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Price-to-Tangible-Book

: 0.83 (As of Today)

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As of today (2024-04-19), Sumitomo Mitsui Financial Group's share price is $55.83. Sumitomo Mitsui Financial Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $67.40. Hence, Sumitomo Mitsui Financial Group's Price to Tangible Book Ratio of today is 0.83.

The historical rank and industry rank for Sumitomo Mitsui Financial Group's Price-to-Tangible-Book or its related term are showing as below:

SMFNF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 0.6 Max: 0.93
Current: 0.91

During the past 13 years, Sumitomo Mitsui Financial Group's highest Price to Tangible Book Ratio was 0.93. The lowest was 0.36. And the median was 0.60.

SMFNF's Price-to-Tangible-Book is ranked better than
53.92% of 1443 companies
in the Banks industry
Industry Median: 0.91 vs SMFNF: 0.91

A closely related ratio is called PB Ratio. As of today, Sumitomo Mitsui Financial Group's share price is $55.83. Sumitomo Mitsui Financial Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $72.30. Hence, Sumitomo Mitsui Financial Group's P/B Ratio of today is 0.77.

Sumitomo Mitsui Financial Group Price-to-Tangible-Book Historical Data

The historical data trend for Sumitomo Mitsui Financial Group's Price-to-Tangible-Book 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 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

0.55

0.43

0.53

0.50

0.60

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
Price-to-Tangible-Book																0.63	0.60	0.66	0.78	0.70

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's Price-to-Tangible-Book falls into.

Sumitomo Mitsui Financial Group Price-to-Tangible-Book Calculation

Sumitomo Mitsui Financial Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	55.83	/	67.396
	=	0.83

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Sumitomo Mitsui Financial Group Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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.