P/E ratio for China Merchants Securities (600999.SS)
P/E ratio as of May 2024 (TTM): 14.6
According to China Merchants Securities's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.6134. At the end of 2022 the company had a P/E ratio of 15.5.
P/E ratio history for China Merchants Securities from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.5 | 9.53% |
| 2021 | 14.1 | -35.87% |
| 2020 | 22.0 | 1.62% |
| 2019 | 21.7 | -27.08% |
| 2018 | 29.7 | 12.04% |
| 2017 | 26.5 | 23.4% |
| 2016 | 21.5 | 54.45% |
| 2015 | 13.9 | -70.65% |
| 2014 | 47.4 | 48.88% |
| 2013 | 31.8 | -12.36% |
| 2012 | 36.3 | 27.32% |
| 2011 | 28.5 | 12.26% |
| 2010 | 25.4 | -18.2% |
| 2009 | 31.1 |
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.