P/E ratio for Global Cord Blood (CORBF)
P/E ratio as of June 2024 (TTM): 1.92
According to Global Cord Blood's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.91526. At the end of 2021 the company had a P/E ratio of 6.29.
P/E ratio history for Global Cord Blood from 2008 to 2012
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.29 | -3.02% |
| 2020 | 6.48 | -28.79% |
| 2019 | 9.10 | -59.37% |
| 2018 | 22.4 | -23.3% |
| 2017 | 29.2 | -6.97% |
| 2016 | 31.4 | 0.73% |
| 2015 | 31.2 | 77.25% |
| 2014 | 17.6 | 4.62% |
| 2013 | 16.8 | |
| 2009 | 566 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 RadNet RDNT | -266 | -14,012.84% | 🇺🇸 USA |
 National Healthcare
NHC | 50.0 | 2,512.88% | 🇺🇸 USA |
 NeoGenomics
NEO | -14.3 | -846.30% | 🇺🇸 USA |
 Cryo-Cell CCEL | 29.6 | 1,445.48% | 🇺🇸 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.