PetroChina Company Limited is the largest Chinese oil company with a network of over 18,000 filling stations, making it one of the largest listed companies in the world.
P/E ratio for PetroChina (601857.SS)
P/E ratio as of May 2024 (TTM): 11.1
According to PetroChina's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1172. At the end of 2022 the company had a P/E ratio of 6.06.
P/E ratio history for PetroChina from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.06 | -38.15% |
| 2021 | 9.80 | -76.27% |
| 2020 | 41.3 | 77.41% |
| 2019 | 23.3 | -5.71% |
| 2018 | 24.7 | -63.38% |
| 2017 | 67.4 | -66.08% |
| 2016 | 199 | 349.02% |
| 2015 | 44.3 | 149.91% |
| 2014 | 17.7 | 63.32% |
| 2013 | 10.8 | -23.83% |
| 2012 | 14.2 | 6.71% |
| 2011 | 13.3 | -9.06% |
| 2010 | 14.7 | -40.51% |
| 2009 | 24.7 | 52.77% |
| 2008 | 16.1 | -57.24% |
| 2007 | 37.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BP BP | 4.30 | -61.32% | 🇬🇧 UK |
 ConocoPhillips COP | 13.1 | 17.67% | 🇺🇸 USA |
 Marathon Petroleum MPC | 6.49 | -41.58% | 🇺🇸 USA |
 Exxon Mobil XOM | 11.7 | 5.29% | 🇺🇸 USA |
 Chevron CVX | 11.9 | 7.18% | 🇺🇸 USA |
 Sinopec 600028.SS | 12.0 | 8.38% | 🇨🇳 China |
 Murphy Oil
MUR | 9.08 | -18.35% | 🇺🇸 USA |
 ENI E | 5.97 | -46.29% | 🇮🇹 Italy |
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.