China Securities
601066.SS
#738
Rank
C$38.69 B
Marketcap
$5.96
Share price
-4.92%
Change (1 day)
19.20%
Change (1 year)

P/E ratio for China Securities (601066.SS)

P/E ratio as of November 2024 (TTM): 30.7

According to China Securities's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.7241. At the end of 2022 the company had a P/E ratio of 27.6.

P/E ratio history for China Securities from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202227.618.02%
202123.4-33.14%
202035.0-22.86%
201945.491.21%
201823.7

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.