P/E ratio for China Lesso Group (2128.HK)
P/E ratio at the end of 2021: 9.11
According to China Lesso Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2021 the company had a P/E ratio of 9.11.
P/E ratio history for China Lesso Group from 2010 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.11 | 9.7% |
| 2020 | 8.30 | -8.34% |
| 2019 | 9.06 | 115.42% |
| 2018 | 4.20 | -25.99% |
| 2017 | 5.68 | -21.03% |
| 2016 | 7.19 | -13.08% |
| 2015 | 8.28 | 40.31% |
| 2014 | 5.90 | -32.9% |
| 2013 | 8.79 | -16.94% |
| 2012 | 10.6 | 64.34% |
| 2011 | 6.44 | -47.45% |
| 2010 | 12.3 |
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.