Skip to content

SMFG · bank / insurer · bank model (justified price-to-book)

Sumitomo Mitsui Financial Group, Inc. (SMFG): Valuation Snapshot

Sumitomo Mitsui Financial Group, Inc. (SMFG) is a bank, insurer or other financial, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. Its bank model puts it at about $21.62 a share against $24.62. Snapshot as of Oct 19, 2026.

Model by · generated from public market data · Updated Oct 19, 2026 · How these pages are made

How is a bank like SMFG valued?

We don’t publish a DCF for this company

This is a bank / insurer / financial. A free-cash-flow DCF is structurally the wrong lens here (their debt and float are raw material, not financing), so we don't publish one. Instead we value it with a bank model — justified price-to-book, (ROE − g) ÷ (cost of equity − g), on a return on equity of 8.6% and a cost of equity of 7.0% — at about $21.62 a share ($17.70–$27.77 for a cost of equity one point either way), against a price of $24.61.

A dividend-discount cross-check gives about $13.39, shown as a reference only. Every input is listed with its source; it is a model estimate, not a price target.

Bank model (justified price-to-book)

The bank model's value, with the band for cost of equity ±1% (6.0%–8.0%), against the delayed market price.

Our bank model’s estimate: about $21.62 (range $17.70 to $27.77), against a price of $24.62. It is not a DCF and not a price target.

Value = book value per share × (ROE − g) ÷ (cost of equity − g). The range is for a cost of equity ±1% (6.0%–8.0%).

InputValueSource
Book value per share$16.09yfinance, latest reported book value per share
Return on equity8.6%yfinance, trailing twelve months
Risk-free rate5.1%US 10-year Treasury yield (^TNX)
Beta0.40×yfinance 5-year monthly beta vs the S&P 500
Equity risk premium4.7%house equity risk premium (same as every DCF)
Cost of equity7.0%computed — risk-free + beta × equity risk premium (CAPM)
Payout ratio33.6%yfinance payout ratio (trailing dividends ÷ earnings)
Long-run growth2.5%ESTIMATEROE × retention (5.7%), capped at the house long-run rate 2.5%
Justified price-to-book1.34×computed — (ROE − g) ÷ (cost of equity − g)

Dividend-discount cross-check: about $13.39, reference only — a low payout means most of the return comes from buybacks and retained growth, which a dividend model cannot see.

A model estimate from public data, with every input shown — not a price target and not advice. Bank returns on equity revert over time and this model holds today's for good.

When we tested this family of bank models on past data, none ranked banks better than plain price-to-book. Treat it as one formula's estimate, not a verdict.

What is SMFG's TickerWorth Score?

B59/100

Scores higher than most companies we compare it with

Compared with Financial Services companies in US

Its strongest point: looks cheap on the numbers. Its weakest: trades above our estimate of what it's worth.

  • Value · 72 of 100

    Cheaper than 72% of Financial Services companies in US

  • Price vs worth · 27 of 100
  • Quality · 49 of 100

    More profitable than 49% of Financial Services companies in US

  • Financial health · 85 of 100

    Financially stronger than 85% of Financial Services companies in US

  • Growth · 48 of 100

    Growing faster than 48% of Financial Services companies in US

  • Momentum · 75 of 100

    Outperformed 75% of Financial Services companies in US over the past year

Confidence: Medium confidence · Scored

Get the Undervalued Company of the Week.

The Weekly Undervalued

The Undervalued Company of the Week, with its fair-value range and the growth its price implies. We'll email you when the weekly list starts. Not advice or trading calls.

Price
$24.61
Market cap
$154,390,937,600
52-week high
$27.62
52-week low
$15.85
Currency
USD
Exchange
NYSE

Snapshot of Oct 19, 2026, quote time not published · Prices are delayed.

What we can say

Sumitomo Mitsui Financial Group, Inc. (SMFG) is a bank, insurer or other financial, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for it: for these businesses debt and float are raw material, not financing. So we value it the way a bank is valued — on the return it earns on its book equity. Our bank model (justified price-to-book) puts it at about $21.62 a share, between $17.70 and $27.77 for a cost of equity one point either side of 7.0%, against $24.61 today.

Read the full reasoning

Every input is listed with its source. It is a model estimate, not a price target, and not investment advice.

On the numbers we do have, SMFG trades at a recent price of $24.61, a market capitalisation of about $154,390,937,600, sitting 74% of the way up its 52-week range ($15.85–$27.62), on the NYSE.

The standard alternative to a DCF is relative valuation — comparing SMFG's trading multiples against a sector benchmark. Here that gives P/E of 14.2× (in line with the peer median of 14.2×); Fwd P/E of 60.0× (richer than the peer median of 13.3×); P/B of 1.5× (cheaper than the peer median of 2.6×); P/S of 0.0× (cheaper than the peer median of 4.7×); Dividend yield of 2.4% (cheaper than the peer median of 1.9%). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.

The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. SMFG shows a price-to-book (P/B) of 1.53 and book value of $16.09 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.

Finally, a price-based read — explicitly not a valuation. SMFG is in a mixed trend, trading -10.9% from its 52-week high. Over the past year the stock is +52.2%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.

To be exact about what this page is not: we are not saying the numbers for SMFG are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.

SMFG vs peers

Sector benchmark (bellwethers, not direct competitors).

MultipleSMFGPeer medianRead
P/E14.2×14.2×in line with
Fwd P/E60.0×13.3×richer than
P/B1.5×2.6×cheaper than
P/S0.0×4.7×cheaper than
Dividend yield2.4%1.9%cheaper than

What does Sumitomo Mitsui Financial Group, Inc. do?

What does it do?

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments. It operates in the Banks - Diversified industry (Financial Services sector), headquartered in Japan. The company employs roughly 123,000 people.

How does it make money?

The business turns $4.7T in annual revenue into profit. Out of every $100 of sales, about $41 is left as operating profit (operating margin of 40.9%), after a 0% gross margin on the products/services it sells. After all costs, taxes and interest, 27.8% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks solid: is currently profitable.

Who at SMFG filed insider trades?

Recent insider filings for Sumitomo Mitsui Financial Group, Inc.
DateInsiderRelationshipWhat happenedValueFiling
Anchi KazuyukiDirector, Sr. Mg. Corp. EO & Group CFOOpen-market sale$169,880.00Form 4 for Anchi Kazuyuki (opens sec.gov in a new tab)
Yoshikawa HaruyukiSenior Managing Corporate EOGrant / award—Form 4 for Yoshikawa Haruyuki (opens sec.gov in a new tab)
Yoshikawa HaruyukiSenior Managing Corporate EODisposition to issuer$101,177.00Form 4 for Yoshikawa Haruyuki (opens sec.gov in a new tab)
Nagata ArihiroSenior Managing Corporate EOGrant / award—Form 4 for Nagata Arihiro (opens sec.gov in a new tab)
Nagata ArihiroSenior Managing Corporate EODisposition to issuer$114,374.00Form 4 for Nagata Arihiro (opens sec.gov in a new tab)
Uemura AkioSenior Managing Corporate EOGrant / award—Form 4 for Uemura Akio (opens sec.gov in a new tab)

A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans

Not investment advice. TickerWorth Score is a model output.

A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.