YANGHE
002304.SZ
#1075
Rank
A$28.28 B
Marketcap
$18.13
Share price
-3.47%
Change (1 day)
-20.68%
Change (1 year)

P/E ratio for YANGHE (002304.SZ)

P/E ratio as of December 2024 (TTM): 11.8

According to YANGHE's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7914. At the end of 2022 the company had a P/E ratio of 25.8.

P/E ratio history for YANGHE from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202225.8-21.52%
202132.9-30.61%
202047.3109.91%
201922.633.33%
201816.9-35.31%
201726.243.35%
201618.2-5.25%
201519.31.95%
201418.9113.73%
20138.84-46.06%
201216.4-43.3%
201128.9-36.8%
201045.721.92%
200937.5

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.