P/E ratio for Longfor Group (0960.HK)
P/E ratio at the end of 2022: 5.15
According to Longfor Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.75056. At the end of 2022 the company had a P/E ratio of 5.15.
P/E ratio history for Longfor Group from 2011 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.15 | -27.34% |
| 2021 | 7.09 | -24.99% |
| 2020 | 9.45 | -3.22% |
| 2019 | 9.76 | 50.49% |
| 2018 | 6.49 | -2.18% |
| 2017 | 6.63 | 20.46% |
| 2016 | 5.51 | -9.2% |
| 2015 | 6.06 | 37.27% |
| 2014 | 4.42 | 3.95% |
| 2013 | 4.25 | -49.73% |
| 2012 | 8.45 | 83.15% |
| 2011 | 4.61 |
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.