Is Sumitomo Mitsui Financial Group (TSE:8316) Expensive As Its Strong Run Meets Valuation Doubts?
Sumitomo Mitsui Financial Group (TSE:8316) has seen significant share price appreciation, with a 38.16% year-to-date return. While its Price-to-Earnings (P/E) ratio of 23.9x suggests it is overvalued compared to industry averages and an estimated fair P/E of 18.7x, a Discounted Cash Flow (DCF) model …