P/E ratio for China Tourism Group Duty Free (601888.SS)
P/E ratio as of April 2024 (TTM): 31.1
According to China Tourism Group Duty Free's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.1102. At the end of 2022 the company had a P/E ratio of 85.5.
P/E ratio history for China Tourism Group Duty Free from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 85.5 | 92.6% |
| 2021 | 44.4 | -50.6% |
| 2020 | 89.8 | 139.53% |
| 2019 | 37.5 | -0.61% |
| 2018 | 37.7 | 12.71% |
| 2017 | 33.5 | 70.82% |
| 2016 | 19.6 | -49.12% |
| 2015 | 38.5 | 30.6% |
| 2014 | 29.5 | 19.25% |
| 2013 | 24.7 | 3.17% |
| 2012 | 24.0 | -28.33% |
| 2011 | 33.4 | -49.18% |
| 2010 | 65.8 | 37.62% |
| 2009 | 47.8 |
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.