Bank of China
601988.SS
#106
Rank
$121.96 B
Marketcap
$0.44
Share price
-1.59%
Change (1 day)
-8.33%
Change (1 year)

P/E ratio for Bank of China (601988.SS)

P/E ratio as of December 2022 (TTM): 4.04

According to Bank of China's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.04129. At the end of 2021 the company had a P/E ratio of 4.36.

P/E ratio history for Bank of China from 2007 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20214.36-16.16%
20205.20-14.56%
20196.081.37%
20186.00-15.37%
20177.0911.29%
20166.37-11.48%
20157.2011.42%
20146.4638.58%
20134.66-19.36%
20125.78-12.9%
20116.64-19.62%
20108.26
200811.9-60.64%
200730.20.05%
200630.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
3.44-14.77%๐Ÿ‡จ๐Ÿ‡ณ China
3.90-3.49%๐Ÿ‡จ๐Ÿ‡ณ China
3.76-6.84%๐Ÿ‡จ๐Ÿ‡ณ 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.