P/E ratio for Itaú Unibanco (ITUB)
P/E ratio as of May 2024 (TTM): 10.2
According to Itaú Unibanco 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.198. At the end of 2022 the company had a P/E ratio of 8.08.
P/E ratio history for Itaú Unibanco from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.08 | 10.01% |
| 2021 | 7.34 | -46.61% |
| 2020 | 13.8 | 27.48% |
| 2019 | 10.8 | -2.18% |
| 2018 | 11.0 | 13.6% |
| 2017 | 9.71 | 13.9% |
| 2016 | 8.53 | 90.09% |
| 2015 | 4.48 | -37.54% |
| 2014 | 7.18 | -12.44% |
| 2013 | 8.20 | -21.6% |
| 2012 | 10.5 | 10.36% |
| 2011 | 9.48 | -35.42% |
| 2010 | 14.7 | 21.1% |
| 2009 | 12.1 | -1.54% |
| 2008 | 12.3 | 5.06% |
| 2007 | 11.7 | -26.08% |
| 2006 | 15.8 | 31.46% |
| 2005 | 12.1 | -1.3% |
| 2004 | 12.2 | 22.99% |
| 2003 | 9.93 | 20.73% |
| 2002 | 8.23 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 13.5 | 31.94% | 🇨🇦 Canada |
 JPMorgan Chase JPM | 11.9 | 16.25% | 🇺🇸 USA |
 Citigroup C | 9.22 | -9.62% | 🇺🇸 USA |
 Santander SAN | 7.69 | -24.62% | 🇪🇸 Spain |
 Scotiabank BNS | 10.0 | -1.59% | 🇨🇦 Canada |
 Credicorp BAP | 10.3 | 0.53% | 🇧🇲 Bermuda |
 Bancolombia
CIB | 5.83 | -42.85% | 🇨🇴 Colombia |
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.