Agricultural Bank of China
601288.SS
#61
Rank
$195.61 B
Marketcap
$0.57
Share price
-1.89%
Change (1 day)
14.94%
Change (1 year)

P/E ratio for Agricultural Bank of China (601288.SS)

P/E ratio as of June 2024 (TTM): 5.70

According to Agricultural Bank of China's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.7037. At the end of 2022 the company had a P/E ratio of 4.22.

P/E ratio history for Agricultural Bank of China from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.22-6.76%
20214.52-15.01%
20205.32-14.91%
20196.256.61%
20185.87-11.16%
20176.6017.16%
20165.64-4.02%
20155.87-12.94%
20146.7538.72%
20134.86-21.85%
20126.22-9.75%
20116.89-15.1%
20108.12

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
3.93-31.04%๐Ÿ‡จ๐Ÿ‡ณ China
5.18-9.11%๐Ÿ‡จ๐Ÿ‡ณ China
5.93 4.00%๐Ÿ‡จ๐Ÿ‡ณ China

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.