P/E ratio for Bank of Communications (601328.SS)
P/E ratio as of June 2023 (TTM): 4.82
According to Bank of Communications's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.81933. At the end of 2021 the company had a P/E ratio of 4.18.
P/E ratio history for Bank of Communications from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 4.18 | -7.17% |
| 2020 | 4.51 | -20.12% |
| 2019 | 5.64 | -4.51% |
| 2018 | 5.91 | -13.45% |
| 2017 | 6.82 | 5.26% |
| 2016 | 6.48 | -9.68% |
| 2015 | 7.18 | -3.36% |
| 2014 | 7.43 | 64.18% |
| 2013 | 4.52 | -17.58% |
| 2012 | 5.49 | 0.46% |
| 2011 | 5.46 | -27.09% |
| 2010 | 7.49 | -50.21% |
| 2009 | 15.0 | 87.71% |
| 2008 | 8.02 | -77.74% |
| 2007 | 36.0 |
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.