China Life Insurance Company Limited is a Chinese insurance company based in Beijing. It is the fifth largest insurer worldwide, according to Forbes.
P/E ratio for China Life Insurance (601628.SS)
P/E ratio as of April 2024 (TTM): 14.2
According to China Life Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.203. At the end of 2022 the company had a P/E ratio of 32.6.
P/E ratio history for China Life Insurance from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 32.6 | 94.2% |
| 2021 | 16.8 | -20.61% |
| 2020 | 21.1 | 24.37% |
| 2019 | 17.0 | -66.81% |
| 2018 | 51.2 | 89.83% |
| 2017 | 26.9 | -26.17% |
| 2016 | 36.5 | 56.03% |
| 2015 | 23.4 | -21.63% |
| 2014 | 29.9 | 75.36% |
| 2013 | 17.0 | -67.17% |
| 2012 | 51.8 | 91.04% |
| 2011 | 27.1 | 53.49% |
| 2010 | 17.7 | -35.08% |
| 2009 | 27.2 | -0.33% |
| 2008 | 27.3 | -33.24% |
| 2007 | 40.9 | -21.15% |
| 2006 | 51.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Aflac AFL | 11.0 | -22.23% | 🇺🇸 USA |
 Unum UNM | 8.33 | -41.36% | 🇺🇸 USA |
 Prudential PUK | N/A | N/A | 🇬🇧 UK |
 CNO Financial Group
CNO | 13.9 | -1.90% | 🇺🇸 USA |
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.