China Development Financial
2883.TW
#1897
Rank
$7.31 B
Marketcap
$0.43
Share price
0.00%
Change (1 day)
-34.85%
Change (1 year)

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

P/E ratio as of February 2023 (TTM): 5.80

According to China Development Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.79924. At the end of 2021 the company had a P/E ratio of 7.48.

P/E ratio history for China Development Financial from 2012 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20217.48-30.64%
202010.8-2.39%
201911.0-38.38%
201817.941.29%
201712.7-37.03%
201620.243.57%
201514.02.45%
201413.7-14.76%
201316.1-17.31%
201219.4-65.98%
201157.1274.64%
201015.221.87%
200912.5-210.62%
2008-11.3-160.7%
200718.668.92%
200611.0

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.