P/E ratio for Agricultural Bank of China (601288.SS)
P/E ratio as of April 2023 (TTM): 4.13
According to Agricultural Bank of China's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.132. At the end of 2021 the company had a P/E ratio of 4.52.
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 |
|---|---|---|
| 2021 | 4.52 | -14.74% |
| 2020 | 5.31 | -15.86% |
| 2019 | 6.31 | 5.68% |
| 2018 | 5.97 | -9.65% |
| 2017 | 6.60 | 17.16% |
| 2016 | 5.64 | -4.02% |
| 2015 | 5.87 | -8.76% |
| 2014 | 6.44 | 33.44% |
| 2013 | 4.82 | -21.36% |
| 2012 | 6.13 | -11.04% |
| 2011 | 6.89 | -12.49% |
| 2010 | 7.88 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ICBC 1398.HK | 3.65 | -11.64% | 🇨🇳 China |
 China Construction Bank 601939.SS | 4.30 | 3.94% | 🇨🇳 China |
 Bank of China 601988.SS | 4.50 | 8.92% | 🇨🇳 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.