P/E ratio for BYD (002594.SZ)
P/E ratio as of May 2024 (TTM): 32.2
According to BYD's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.2031. At the end of 2022 the company had a P/E ratio of 45.0.
P/E ratio history for BYD from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 45.0 | -82.21% |
| 2021 | 253 | 95.02% |
| 2020 | 130 | 36.04% |
| 2019 | 95.3 | 85.77% |
| 2018 | 51.3 | 10.45% |
| 2017 | 46.5 | 77.7% |
| 2016 | 26.1 | -54.46% |
| 2015 | 57.4 | -72.87% |
| 2014 | 212 | 28.41% |
| 2013 | 165 | -76.91% |
| 2012 | 714 | 1777.95% |
| 2011 | 38.0 |
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.