P/E ratio for China State Construction Engineering (601668.SS)
P/E ratio as of April 2024 (TTM): 4.02
According to China State Construction Engineering's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.01726. At the end of 2022 the company had a P/E ratio of 4.41.
P/E ratio history for China State Construction Engineering from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.41 | 10.37% |
| 2021 | 4.00 | -13.95% |
| 2020 | 4.65 | -19.74% |
| 2019 | 5.79 | -10.6% |
| 2018 | 6.48 | -23.58% |
| 2017 | 8.48 | -8.14% |
| 2016 | 9.23 | 22.28% |
| 2015 | 7.55 | -22.24% |
| 2014 | 9.71 | 110.21% |
| 2013 | 4.62 | -38.43% |
| 2012 | 7.50 | 15.98% |
| 2011 | 6.47 | -43.27% |
| 2010 | 11.4 | -34.26% |
| 2009 | 17.3 |
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.