P/E ratio for Bank of East Asia (0023.HK)
P/E ratio at the end of 2022: 7.17
According to Bank of East Asia 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 7.17.
P/E ratio history for Bank of East Asia from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.17 | -1.75% |
| 2021 | 7.29 | -57.68% |
| 2020 | 17.2 | -13.13% |
| 2019 | 19.8 | 66.97% |
| 2018 | 11.9 | 12.7% |
| 2017 | 10.5 | -57.04% |
| 2016 | 24.5 | 70.94% |
| 2015 | 14.4 | 26.4% |
| 2014 | 11.4 | -3.27% |
| 2013 | 11.7 | 5.6% |
| 2012 | 11.1 | -25.86% |
| 2011 | 15.0 | -12.99% |
| 2010 | 17.2 | -23.32% |
| 2009 | 22.5 | -96.96% |
| 2008 | 739 | 3588.5% |
| 2007 | 20.0 | 1.55% |
| 2006 | 19.7 | 54.32% |
| 2005 | 12.8 | -15.81% |
| 2004 | 15.2 | -15.4% |
| 2003 | 18.0 | 21.07% |
| 2002 | 14.8 |
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.