P/E ratio for China Minsheng Bank (600016.SS)
P/E ratio as of September 2023 (TTM): 5.00
According to China Minsheng Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.00382. At the end of 2021 the company had a P/E ratio of 5.49.
P/E ratio history for China Minsheng Bank from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 5.49 | -24.56% |
| 2020 | 7.28 | 40.79% |
| 2019 | 5.17 | 4.36% |
| 2018 | 4.96 | -20.25% |
| 2017 | 6.21 | -10.34% |
| 2016 | 6.93 | -4.45% |
| 2015 | 7.25 | -11.85% |
| 2014 | 8.23 | 61.97% |
| 2013 | 5.08 | -11.59% |
| 2012 | 5.75 | 2.44% |
| 2011 | 5.61 | -26.1% |
| 2010 | 7.59 | -39.39% |
| 2009 | 12.5 | 29.56% |
| 2008 | 9.67 | -69.03% |
| 2007 | 31.2 | 15.31% |
| 2006 | 27.1 | 148.18% |
| 2005 | 10.9 | -21.33% |
| 2004 | 13.9 | -44.59% |
| 2003 | 25.0 | -7.79% |
| 2002 | 27.1 | -46.27% |
| 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.