P/E ratio for Air China (601111.SS)
P/E ratio as of March 2023 (TTM): -6.86
According to Air China 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -6.85582. At the end of 2021 the company had a P/E ratio of -7.54.
P/E ratio history for Air China from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -7.54 | 10.69% |
| 2020 | -6.81 | -133.58% |
| 2019 | 20.3 | 43.29% |
| 2018 | 14.2 | -37.97% |
| 2017 | 22.8 | 74.28% |
| 2016 | 13.1 | -16.57% |
| 2015 | 15.7 | -37.72% |
| 2014 | 25.2 | 73.53% |
| 2013 | 14.5 | 1.75% |
| 2012 | 14.3 | 36.64% |
| 2011 | 10.4 | -18.23% |
| 2010 | 12.8 | -44.81% |
| 2009 | 23.1 | -528.37% |
| 2008 | -5.40 | -105.95% |
| 2007 | 90.8 | 359.05% |
| 2006 | 19.8 |
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.