P/E ratio for China Merchants Shekou Industrial Zone (001979.SZ)
P/E ratio as of April 2024 (TTM): 19.0
According to China Merchants Shekou Industrial Zone's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.0166. At the end of 2022 the company had a P/E ratio of 28.0.
P/E ratio history for China Merchants Shekou Industrial Zone from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 28.0 | 150.52% |
| 2021 | 11.2 | 22.93% |
| 2020 | 9.10 | -8.82% |
| 2019 | 9.98 | 12.13% |
| 2018 | 8.90 | -27.16% |
| 2017 | 12.2 | -9.75% |
| 2016 | 13.5 | -42.86% |
| 2015 | 23.7 |
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.