P/E ratio for China Automotive Systems (CAAS)
P/E ratio as of June 2024 (TTM): 3.96
According to China Automotive Systems's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.95833. At the end of 2022 the company had a P/E ratio of 8.43.
P/E ratio history for China Automotive Systems from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.43 | 10.08% |
| 2021 | 7.66 | -118.52% |
| 2020 | -41.4 | -533.22% |
| 2019 | 9.55 | -64.79% |
| 2018 | 27.1 | -444.54% |
| 2017 | -7.87 | -204.23% |
| 2016 | 7.55 | 38.46% |
| 2015 | 5.45 | -11.56% |
| 2014 | 6.17 | -25.36% |
| 2013 | 8.26 | 34.79% |
| 2012 | 6.13 | 250.98% |
| 2011 | 1.75 | -79.1% |
| 2010 | 8.36 | -143.77% |
| 2009 | -19.1 | -370.33% |
| 2008 | 7.06 | -66.28% |
| 2007 | 20.9 | -64.78% |
| 2006 | 59.5 | 31.2% |
| 2005 | 45.3 | 13.33% |
| 2004 | 40.0 | -66.37% |
| 2003 | 119 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fox Factory Holding FOXF | 10.5 | 164.40% | 🇺🇸 USA |
 American Axle & Manufacturing AXL | 20.3 | 411.67% | 🇺🇸 USA |
 Tenneco TEN | -7.01 | -277.20% | 🇺🇸 USA |
 Dana DAN | -19.3 | -587.72% | 🇺🇸 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.