Agricultural Bank of China
601288.SS
#71
Rank
$137.84 B
Marketcap
$0.40
Share price
1.42%
Change (1 day)
-11.11%
Change (1 year)

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

P/E ratio as of October 2022 (TTM): 3.79

According to Agricultural Bank of China's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.78616. At the end of 2021 the company had a P/E ratio of 84.1.

P/E ratio history for Agricultural Bank of China from 2011 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202184.1-17.45%
2020102-21.32%
20191292.26%
2018127-3.29%
20171312.55%
20161285.84%
2015121-14.09%
2014140-3.31%
2013145-16.78%
2012174-0.77%
2011176

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.