P/E ratio for China Telecom (0728.HK)
P/E ratio as of September 2023 (TTM): 18.6
According to China Telecom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.6231. At the end of 2021 the company had a P/E ratio of 6.81.
P/E ratio history for China Telecom from 2016 to 2020
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.81 | -2.05% |
| 2020 | 6.96 | -39.87% |
| 2019 | 11.6 | -13.49% |
| 2018 | 13.4 | -1.46% |
| 2017 | 13.6 | -6.88% |
| 2016 | 14.6 | 19.41% |
| 2015 | 12.2 | -25.29% |
| 2014 | 16.3 | 17.46% |
| 2013 | 13.9 | -29.09% |
| 2012 | 19.6 | 9.48% |
| 2011 | 17.9 | -0.72% |
| 2010 | 18.0 | 15.94% |
| 2009 | 15.6 | -93.74% |
| 2008 | 249 | 1128.7% |
| 2007 | 20.2 | 60.29% |
| 2006 | 12.6 | 46.1% |
| 2005 | 8.64 | 2.42% |
| 2004 | 8.44 | -12.92% |
| 2003 | 9.69 | 57.9% |
| 2002 | 6.14 |
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.