P/E ratio for Sinopec (600028.SS)
P/E ratio as of June 2024 (TTM): 12.4
According to Sinopec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3915. At the end of 2022 the company had a P/E ratio of 7.97.
P/E ratio history for Sinopec from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.97 | 12.19% |
| 2021 | 7.10 | -51.63% |
| 2020 | 14.7 | 37.34% |
| 2019 | 10.7 | 8.66% |
| 2018 | 9.84 | -32.08% |
| 2017 | 14.5 | 3.13% |
| 2016 | 14.1 | -24.23% |
| 2015 | 18.5 | 17.9% |
| 2014 | 15.7 | 102.38% |
| 2013 | 7.77 | -15.88% |
| 2012 | 9.24 | 8.73% |
| 2011 | 8.50 | -11.73% |
| 2010 | 9.63 | -50.3% |
| 2009 | 19.4 | -1.37% |
| 2008 | 19.6 | -45.85% |
| 2007 | 36.3 | 138.59% |
| 2006 | 15.2 | 48.82% |
| 2005 | 10.2 | -12.4% |
| 2004 | 11.7 | -48.97% |
| 2003 | 22.8 | 22.41% |
| 2002 | 18.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PetroChina 601857.SS | 11.4 | -7.66% | 🇨🇳 China |
 BP BP | 4.28 | -65.46% | 🇬🇧 UK |
 ConocoPhillips COP | 12.4 | 0.07% | 🇺🇸 USA |
 Exxon Mobil XOM | 11.3 | -8.65% | 🇺🇸 USA |
 Delek US DK | -31.7 | -356.20% | 🇺🇸 USA |
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.