China Development Financial
2883.TW
#2029
Rank
$7.30 B
Marketcap
$0.43
Share price
-1.43%
Change (1 day)
0.00%
Change (1 year)

P/E ratio for China Development Financial (2883.TW)

P/E ratio as of April 2024 (TTM): 17.3

According to China Development Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.2588. At the end of 2022 the company had a P/E ratio of 12.7.

P/E ratio history for China Development Financial from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.770.18%
20217.48-30.04%
202010.7-3.32%
201911.1-38.32%
201817.941.29%
201712.7-37.03%
201620.242%
201514.22.56%
201413.8-13.91%
201316.114.49%
201214.0-75.43%
201157.1254.71%
201016.1

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.