P/E ratio for China Southern Airlines (600029.SS)
P/E ratio as of December 2023 (TTM): -3.39
According to China Southern Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.38612. At the end of 2022 the company had a P/E ratio of -116.
P/E ratio history for China Southern Airlines from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -116 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Delta Air Lines DAL | 7.32 | -316.16% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 4.69 | -238.39% | 🇺🇸 USA |
 China Eastern Airlines
600115.SS | -2.26 | -33.38% | 🇨🇳 China |
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.