Sumitomo Mitsui Financial Group (SMFG)
(Delayed Data from NYSE)
$12.90 USD
+0.03 (0.23%)
Updated Sep 23, 2024 04:00 PM ET
After-Market: $12.90 0.00 (0.00%) 7:58 PM ET
1-Strong Buy of 5 1
C Value D Growth A Momentum D VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
SMFG 12.90 +0.03(0.23%)
Will SMFG be a Portfolio Killer in September?
Zacks Investment Research is releasing its prediction for SMFG based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for SMFG
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Other News for SMFG
Harris Associates Japan Strategy Q2 2024 Commentary
Sumitomo Mitsui added to Asia Conviction List at Goldman Sachs
Japan wants its hardworking citizens to try a 4-day workweek
Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
Jefferies Announces that Toru Nakashima, President and Group CEO of SMFG, Has Been Appointed to the Jefferies Board of Directors