China Oilfield Services
2883.HK
#1512
Rank
$9.47 B
Marketcap
$1.23
Share price
-2.15%
Change (1 day)
55.70%
Change (1 year)
China Oilfield Services or COSL for short is a subsidiary company of the CNOOC Group. COSL provides oilfield services through all stages of offshore oil and gas exploration, development and production.

P/E ratio for China Oilfield Services (2883.HK)

P/E ratio as of December 2022 (TTM): 19.6

According to China Oilfield Services 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6287. At the end of 2021 the company had a P/E ratio of 82.9.

P/E ratio history for China Oilfield Services from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202182.9765.66%
20209.58-52.97%
201920.4-94.63%
2018379-58.49%
2017914-34543.81%
2016-2.65-110.94%
201524.3259.37%
20146.75-46.4%
201312.6-2.9%
201213.018.97%
201110.9-27.28%
201015.031.57%
200911.448.31%
20087.69-75.73%
200731.765.09%
200619.225.39%
200515.311.25%
200413.7

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.