P/E ratio for Bank of Ningbo (002142.SZ)
P/E ratio as of May 2024 (TTM): 6.11
According to Bank of Ningbo 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.10808. At the end of 2022 the company had a P/E ratio of 9.60.
P/E ratio history for Bank of Ningbo from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.60 | -21.5% |
| 2021 | 12.2 | -15.91% |
| 2020 | 14.5 | 19% |
| 2019 | 12.2 | 57.05% |
| 2018 | 7.78 | -24.83% |
| 2017 | 10.4 | 16.41% |
| 2016 | 8.89 | -6.29% |
| 2015 | 9.49 | 30.16% |
| 2014 | 7.29 | 26.09% |
| 2013 | 5.78 | -26.89% |
| 2012 | 7.91 | -7.56% |
| 2011 | 8.56 | -39.32% |
| 2010 | 14.1 | -55.3% |
| 2009 | 31.6 | 135.83% |
| 2008 | 13.4 | -74.66% |
| 2007 | 52.8 |
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.