P/E ratio for China Pacific Insurance (601601.SS)
P/E ratio as of September 2023 (TTM): 9.83
According to China Pacific Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.828. At the end of 2021 the company had a P/E ratio of 9.70.
P/E ratio history for China Pacific Insurance from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.70 | -29.55% |
| 2020 | 13.8 | 10.17% |
| 2019 | 12.5 | -9.22% |
| 2018 | 13.8 | -46.15% |
| 2017 | 25.6 | 22.45% |
| 2016 | 20.9 | 42% |
| 2015 | 14.7 | -43.89% |
| 2014 | 26.2 | 45.5% |
| 2013 | 18.0 | -50.04% |
| 2012 | 36.1 | 82.04% |
| 2011 | 19.8 | -11.82% |
| 2010 | 22.5 | -16.13% |
| 2009 | 26.8 | -59.1% |
| 2008 | 65.5 | 50.85% |
| 2007 | 43.4 |
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.