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How Does Sony Compare to Its Peers?

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Jan. 21 2016, Updated 4:04 p.m. ET

Sony and its peers

In this article, we’ll compare Sony (SNE) with its peers as of January 6, 2016. First, let’s compare SNE and its peers based on PE (price-to-earnings) ratio:

  • Sony (SNE): 34.3x
  • Canon (CAJ): 17.6x
  • Harman International Industries (HAR): 19.1x
  • Dolby Laboratories (DLB): 19.0x

Now let’s look at PBV (price-to-book value) ratios:

  • Sony: 1.4x
  • Canon: 1.3x
  • Harman International Industries: 2.8x
  • Dolby Laboratories: 1.9x

According to the above findings, Sony’s peers have mostly outperformed Sony based on PBV. However, Sony is ahead of its peers based on PE.

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ETFs that invest in Sony

The Vanguard FTSE Pacific ETF (VPL) invests 0.56% of its holdings in Sony.

The Vanguard FTSE Developed Markets ETF (VEA) invests 0.22% of its holdings in Sony. The ETF tracks a market-cap-weighted index of large-cap and mid-cap stocks from developed markets outside the US, dynamically transitioning to include small caps and Canadian stocks.

The Vanguard FTSE All-World ex-US ETF (VEU) invests 0.16% of its holdings in Sony. The ETF is designed to track a market-cap-weighted index of large-cap and mid-cap global non-US stocks.

Comparing Sony with ETFs that invest in it

Now let’s compare Sony with the ETFs that invest in it:

  • The year-to-date price movements of Sony, VPL, VEA, and VEU are -4.0%, -1.1%, -1.6%, and -1.9%, respectively.
  • The PE ratios of Sony, VPL, VEA, and VEU are 34.3x, 15.7x, 18.4x, and 15.1x, respectively.
  • The PBV ratios of Sony, VPL, VEA, and VEU are 1.4x, 1.3x, 1.6x, and 1.6x, respectively.

According to the above findings, these ETFs have outperformed Sony based on price movement and PBV. However, Sony is way ahead of its ETFs based on PE.

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