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.
Year | P/E ratio | Change |
---|---|---|
2022 | 12.7 | 70.18% |
2021 | 7.48 | -30.04% |
2020 | 10.7 | -3.32% |
2019 | 11.1 | -38.32% |
2018 | 17.9 | 41.29% |
2017 | 12.7 | -37.03% |
2016 | 20.2 | 42% |
2015 | 14.2 | 2.56% |
2014 | 13.8 | -13.91% |
2013 | 16.1 | 14.49% |
2012 | 14.0 | -75.43% |
2011 | 57.1 | 254.71% |
2010 | 16.1 |
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.