Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) 3-Year Book Growth Rate : 6.40% (As of Dec. 2023)

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What is Sumitomo Mitsui Financial Group 3-Year Book Growth Rate?

Sumitomo Mitsui Financial Group's Book Value per Share for the quarter that ended in Dec. 2023 was $72.30.

During the past 12 months, Sumitomo Mitsui Financial Group's average Book Value per Share Growth Rate was 14.50% per year. During the past 3 years, the average Book Value per Share Growth Rate was 6.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 5.10% per year. During the past 10 years, the average Book Value per Share Growth Rate was 6.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Sumitomo Mitsui Financial Group was 20.20% per year. The lowest was -15.50% per year. And the median was 5.20% per year.

Competitive Comparison of Sumitomo Mitsui Financial Group's 3-Year Book Growth Rate

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's 3-Year Book Growth Rate falls into.

Sumitomo Mitsui Financial Group 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Sumitomo Mitsui Financial Group (OTCPK:SMFNF) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Sumitomo Mitsui Financial Group 3-Year Book Growth Rate 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 » 3-Year Book Growth Rate

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.