P/E ratio for China Oilfield Services (2883.HK)
P/E ratio as of April 2024 (TTM): 16.0
According to China Oilfield Services 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.0035. At the end of 2022 the company had a P/E ratio of 16.9.
P/E ratio history for China Oilfield Services from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.9 | -81.66% |
| 2021 | 92.1 | 778.07% |
| 2020 | 10.5 | -49.93% |
| 2019 | 20.9 | -98.56% |
| 2018 | > 1000 | 201.56% |
| 2017 | 483 | -18734.91% |
| 2016 | -2.59 | -111.16% |
| 2015 | 23.2 | 239.72% |
| 2014 | 6.84 | -45.99% |
| 2013 | 12.7 | -1.52% |
| 2012 | 12.9 | |
| 2010 | 15.8 | 35.1% |
| 2009 | 11.7 | 45.14% |
| 2008 | 8.07 | -74.7% |
| 2007 | 31.9 |
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.