P/E ratio for Bank of China (Hong Kong) (2388.HK)
P/E ratio at the end of 2021: 11.8
According to Bank of China (Hong Kong)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.5248. At the end of 2021 the company had a P/E ratio of 11.8.
P/E ratio history for Bank of China (Hong Kong) from 2002 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.8 | 24.23% |
| 2020 | 9.51 | 5.88% |
| 2019 | 8.98 | -4.9% |
| 2018 | 9.45 | -30.03% |
| 2017 | 13.5 | 157.8% |
| 2016 | 5.24 | -43.31% |
| 2015 | 9.24 | -16.08% |
| 2014 | 11.0 | -6.34% |
| 2013 | 11.8 | -4.94% |
| 2012 | 12.4 | 29.99% |
| 2011 | 9.51 | -44.61% |
| 2010 | 17.2 | 28.76% |
| 2009 | 13.3 | -50.6% |
| 2008 | 27.0 | 83.8% |
| 2007 | 14.7 | -7.98% |
| 2006 | 16.0 | 37.68% |
| 2005 | 11.6 | -11.61% |
| 2004 | 13.1 | -31.65% |
| 2003 | 19.2 | 55.47% |
| 2002 | 12.3 |
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.