P/E ratio for China Gas (0384.HK)
P/E ratio at the end of 2022: 7.38
According to China Gas 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.12419. At the end of 2022 the company had a P/E ratio of 7.38.
P/E ratio history for China Gas from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.38 | -53.62% |
| 2021 | 15.9 | 6.29% |
| 2020 | 15.0 | -12.62% |
| 2019 | 17.1 | -26.38% |
| 2018 | 23.3 | 58.17% |
| 2017 | 14.7 | -40.23% |
| 2016 | 24.6 | 27.86% |
| 2015 | 19.3 | -17.9% |
| 2014 | 23.5 | 19.82% |
| 2013 | 19.6 | 14.8% |
| 2012 | 17.0 | -24.22% |
| 2011 | 22.5 | 35.01% |
| 2010 | 16.7 | -58.6% |
| 2009 | 40.3 | -14.95% |
| 2008 | 47.3 | 82.56% |
| 2007 | 25.9 | 4.45% |
| 2006 | 24.8 | -9.34% |
| 2005 | 27.4 | 156.37% |
| 2004 | 10.7 | -188.4% |
| 2003 | -12.1 |
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.