P/E ratio for Air China (601111.SS)
P/E ratio as of April 2024 (TTM): -2.96
According to Air China 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.9608. At the end of 2022 the company had a P/E ratio of -3.77.
P/E ratio history for Air China from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.77 | -50.01% |
| 2021 | -7.55 | 5.78% |
| 2020 | -7.13 | -134.6% |
| 2019 | 20.6 | 45.69% |
| 2018 | 14.2 | -37.97% |
| 2017 | 22.8 | 74.28% |
| 2016 | 13.1 | -16.08% |
| 2015 | 15.6 | -38.48% |
| 2014 | 25.4 | 73.34% |
| 2013 | 14.6 | -2.47% |
| 2012 | 15.0 | 41.29% |
| 2011 | 10.6 | -17.74% |
| 2010 | 12.9 | -44.18% |
| 2009 | 23.1 | -534.19% |
| 2008 | -5.32 | -105.69% |
| 2007 | 93.5 |
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.