P/E ratio for China Minsheng Bank (600016.SS)
P/E ratio as of April 2024 (TTM): 5.19
According to China Minsheng Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.19265. At the end of 2022 the company had a P/E ratio of 4.86.
P/E ratio history for China Minsheng Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.86 | -11.54% |
| 2021 | 5.49 | -25% |
| 2020 | 7.32 | 41.6% |
| 2019 | 5.17 | 4.36% |
| 2018 | 4.96 | -19.74% |
| 2017 | 6.18 | -10.91% |
| 2016 | 6.93 | -6.53% |
| 2015 | 7.42 | -10.72% |
| 2014 | 8.31 | 60.08% |
| 2013 | 5.19 | -11.55% |
| 2012 | 5.87 | 4.57% |
| 2011 | 5.61 | -26.25% |
| 2010 | 7.61 | -40.57% |
| 2009 | 12.8 | 31.43% |
| 2008 | 9.74 | -69.09% |
| 2007 | 31.5 | -2.05% |
| 2006 | 32.2 | 141.79% |
| 2005 | 13.3 | -3.77% |
| 2004 | 13.8 | -40.66% |
| 2003 | 23.3 | -14.58% |
| 2002 | 27.3 | -46% |
| 2001 | 50.5 |
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.