P/E ratio for Anhui Conch Cement (AHCHF)
P/E ratio as of April 2024 (TTM): 7.37
According to Anhui Conch Cement's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.36672. At the end of 2022 the company had a P/E ratio of 7.84.
P/E ratio history for Anhui Conch Cement from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.84 | 49.89% |
| 2021 | 5.23 | -17.74% |
| 2020 | 6.36 | -20.92% |
| 2019 | 8.04 | 36.69% |
| 2018 | 5.88 | -42.51% |
| 2017 | 10.2 | -13.44% |
| 2016 | 11.8 | 0.89% |
| 2015 | 11.7 | 12.95% |
| 2014 | 10.4 | -20.69% |
| 2013 | 13.1 | -31.21% |
| 2012 | 19.0 | 110.63% |
| 2011 | 9.03 | -65.46% |
| 2010 | 26.1 |
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.