P/E ratio for China Eastern Airlines (CEA)
P/E ratio as of March 2023 (TTM): -2.89
According to China Eastern Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.8943. At the end of 2021 the company had a P/E ratio of -3.27.
P/E ratio history for China Eastern Airlines from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -3.27 | -17.12% |
| 2020 | -3.95 | -121.42% |
| 2019 | 18.4 | -7.5% |
| 2018 | 19.9 | 86.55% |
| 2017 | 10.7 | 13.62% |
| 2016 | 9.41 | -10.01% |
| 2015 | 10.5 | -4.42% |
| 2014 | 10.9 | -5.1% |
| 2013 | 11.5 | 16.63% |
| 2012 | 9.88 | 81.45% |
| 2011 | 5.44 | -28.96% |
| 2010 | 7.66 | -91.81% |
| 2009 | 93.6 | -27393.37% |
| 2008 | -0.3431 | -100.28% |
| 2007 | 124 | -5054.7% |
| 2006 | -2.50 | -80.15% |
| 2005 | -12.6 | -175.25% |
| 2004 | 16.7 | -331.54% |
| 2003 | -7.23 | -112.18% |
| 2002 | 59.4 | 526.89% |
| 2001 | 9.47 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Delta Air Lines DAL | 16.2 | -658.85% | 🇺🇸 USA |
 SkyWest SKYW | 14.4 | -596.58% | 🇺🇸 USA |
 Hawaiian Airlines HA | -1.97 | -31.95% | 🇺🇸 USA |
 China Southern Airlines
ZNH | -10.7 | 269.22% | 🇨🇳 China |
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.