P/E ratio for China Telecom (0728.HK)
P/E ratio as of April 2024 (TTM): 20.4
According to China Telecom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.4489. At the end of 2020 the company had a P/E ratio of 7.39.
P/E ratio history for China Telecom from 2003 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 7.39 | -34.02% |
| 2019 | 11.2 | -13.14% |
| 2018 | 12.9 | -8.04% |
| 2017 | 14.0 | 2.44% |
| 2016 | 13.7 | 14.79% |
| 2015 | 11.9 | -28.1% |
| 2014 | 16.6 | 15.88% |
| 2013 | 14.3 | -24.59% |
| 2012 | 19.0 | |
| 2007 | 20.1 | 58.11% |
| 2006 | 12.7 | 46.85% |
| 2005 | 8.65 | 27% |
| 2004 | 6.81 | -33.62% |
| 2003 | 10.3 |
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.