P/E ratio for Bank of China (601988.SS)
P/E ratio as of April 2024 (TTM): 6.15
According to Bank of China's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.14829. At the end of 2022 the company had a P/E ratio of 4.39.
P/E ratio history for Bank of China from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.39 | 0.73% |
| 2021 | 4.36 | -16.42% |
| 2020 | 5.21 | -13.82% |
| 2019 | 6.05 | 0.82% |
| 2018 | 6.00 | -15.37% |
| 2017 | 7.09 | 9.22% |
| 2016 | 6.49 | -9.36% |
| 2015 | 7.16 | 5.25% |
| 2014 | 6.80 | 45.41% |
| 2013 | 4.68 | -19.89% |
| 2012 | 5.84 | -10% |
| 2011 | 6.49 | -21.65% |
| 2010 | 8.28 | -38.79% |
| 2009 | 13.5 | 13.89% |
| 2008 | 11.9 | -60.64% |
| 2007 | 30.2 | 0.05% |
| 2006 | 30.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ICBC 1398.HK | 3.75 | -38.98% | 🇨🇳 China |
 China Construction Bank 601939.SS | 5.33 | -13.35% | 🇨🇳 China |
 Agricultural Bank of China 601288.SS | 6.04 | -1.81% | 🇨🇳 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.