China Mobile Ltd. is the world's largest mobile operator by customer base and is listed on the Hong Kong Stock Exchange. The company was entered in the Hong Kong Commercial Register under the name China Telecom in 1997 and changed it to China Mobile in 2000.
P/E ratio for China Mobile (0941.HK)
P/E ratio as of April 2024 (TTM): 10.2
According to China Mobile's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2031. At the end of 2022 the company had a P/E ratio of 7.62.
P/E ratio history for China Mobile from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.62 | 11.22% |
| 2021 | 6.85 | |
| 2007 | 72.8 | 254.23% |
| 2006 | 20.5 | 43.63% |
| 2005 | 14.3 | 8.17% |
| 2004 | 13.2 | -8.61% |
| 2003 | 14.5 | 25.44% |
| 2002 | 11.5 | -40.62% |
| 2001 | 19.4 |
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.