P/E ratio for 360 DigiTech (QFIN)
P/E ratio as of April 2024 (TTM): 5.43
According to 360 DigiTech's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.43472. At the end of 2022 the company had a P/E ratio of 5.32.
P/E ratio history for 360 DigiTech from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.32 | 34.97% |
| 2021 | 3.94 | 14.69% |
| 2020 | 3.44 | -11.79% |
| 2019 | 3.90 | -148.02% |
| 2018 | -8.11 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 360 DigiTech QFIN | 5.43 | 0.00% | 🇨🇳 China |
 Rocket Companies
RKT | -71.8 | -1,420.49% | 🇺🇸 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.