P/E ratio for Itaú Unibanco (ITUB)

P/E ratio history for Itaú Unibanco from 2002 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Santander SAN	6.89	-15.69%	🇪🇸 Spain
Credicorp BAP	10.6	29.66%	🇧🇲 Bermuda
Royal Bank Of Canada RY	15.7	92.36%	🇨🇦 Canada
Citigroup C	10.2	24.22%	🇺🇸 USA
JPMorgan Chase JPM	14.2	73.34%	🇺🇸 USA
Bancolombia CIB	5.50	-32.78%	🇨🇴 Colombia
Scotiabank BNS	11.2	36.94%	🇨🇦 Canada

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.