P/E ratio for China Railway Group (0390.HK)
P/E ratio as of April 2024 (TTM): 3.03
According to China Railway Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.0271. At the end of 2022 the company had a P/E ratio of 2.98.
P/E ratio history for China Railway Group from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.98 | -9.36% |
| 2021 | 3.29 | 5.64% |
| 2020 | 3.12 | -30.91% |
| 2019 | 4.51 | -46.64% |
| 2018 | 8.45 | 14.43% |
| 2017 | 7.39 | -30.51% |
| 2016 | 10.6 | 17.08% |
| 2015 | 9.08 | -13.75% |
| 2014 | 10.5 | 48.31% |
| 2013 | 7.10 | -32.48% |
| 2012 | 10.5 | |
| 2010 | 13.8 | -17.08% |
| 2009 | 16.7 | -82.67% |
| 2008 | 96.2 |
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.