P/E ratio for China Everbright Bank (601818.SS)
P/E ratio as of October 2023 (TTM): 3.92
According to China Everbright Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.91641. At the end of 2021 the company had a P/E ratio of 4.68.
P/E ratio history for China Everbright Bank from 2011 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 4.68 | -19.5% |
| 2020 | 5.81 | -10.02% |
| 2019 | 6.46 | 7.89% |
| 2018 | 5.98 | -5.44% |
| 2017 | 6.33 | 1.96% |
| 2016 | 6.21 | -8.22% |
| 2015 | 6.76 | -13.38% |
| 2014 | 7.81 | 95.9% |
| 2013 | 3.98 | -22.44% |
| 2012 | 5.14 | -19.72% |
| 2011 | 6.40 | -41.07% |
| 2010 | 10.9 |
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.