Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Shiller PE Ratio : 16.87 (As of May. 21, 2024)

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What is Sumitomo Mitsui Financial Group Shiller PE Ratio?

As of today (2024-05-21), Sumitomo Mitsui Financial Group's current share price is $12.65. Sumitomo Mitsui Financial Group's E10 for the quarter that ended in Mar. 2024 was $0.75. Sumitomo Mitsui Financial Group's Shiller PE Ratio for today is 16.87.

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

SMFG' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.13 Med: 9.59 Max: 20.09
Current: 17.57

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 9.59.

SMFG's Shiller PE Ratio is ranked worse than
84.39% of 1140 companies
in the Banks industry
Industry Median: 10.335 vs SMFG: 17.57

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 Mar. 2024 was $0.173. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.75 for the trailing ten years ended in Mar. 2024.

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.

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Sumitomo Mitsui Financial Group Shiller PE Ratio Chart

Sumitomo Mitsui Financial Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Shiller PE Ratio

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5.46

8.32

7.61

9.70

15.74

Sumitomo Mitsui Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Shiller PE Ratio	Get a 7-Day Free Trial															9.70	11.29	13.18	12.27	15.74

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
	=	12.65	/	0.75
	=	16.87

Sumitomo Mitsui Financial Group's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Sumitomo Mitsui Financial Group's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	0.173	/	107.2000	*	107.2000
	=	0.173

Current CPI (Mar. 2024) = 107.2000.

Sumitomo Mitsui Financial Group Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201406	0.331	98.000	0.362
201409	0.218	98.500	0.237
201412	0.357	97.900	0.391
201503	0.087	97.900	0.095
201506	0.317	98.400	0.345
201509	0.215	98.500	0.234
201512	0.218	98.100	0.238
201603	0.026	97.900	0.028
201606	0.256	98.100	0.280
201609	0.462	98.000	0.505
201612	0.049	98.400	0.053
201703	0.208	98.100	0.227
201706	0.309	98.500	0.336
201709	0.236	98.800	0.256
201712	0.279	99.400	0.301
201803	0.115	99.200	0.124
201806	0.294	99.200	0.318
201809	0.167	99.900	0.179
201812	0.358	99.700	0.385
201903	0.115	99.700	0.124
201906	0.287	99.800	0.308
201909	0.293	100.100	0.314
201912	0.240	100.500	0.256
202003	0.127	100.300	0.136
202006	0.117	99.900	0.126
202009	0.318	99.900	0.341
202012	0.165	99.300	0.178
202103	0.106	99.900	0.114
202106	0.269	99.500	0.290
202109	0.335	100.100	0.359
202112	0.216	100.100	0.231
202203	0.101	101.100	0.107
202206	0.275	101.800	0.290
202209	0.278	103.100	0.289
202212	0.261	104.100	0.269
202303	0.047	104.400	0.048
202306	0.263	105.200	0.268
202309	0.282	106.200	0.285
202312	0.278	106.800	0.279
202403	0.173	107.200	0.173

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 (NYSE:SMFG) 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 (NYSE:SMFG) » Definitions » Shiller PE Ratio

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:Mexico 8316:Japan 8316:Japan XMF:Germany XMFA:Germany XMF: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.