P/E ratio for China Tower (0788.HK)
P/E ratio at the end of 2021: 16.5
According to China Tower 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.3643. At the end of 2021 the company had a P/E ratio of 16.5.
P/E ratio history for China Tower from 2018 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 16.5 | -36.58% |
| 2020 | 26.0 | -49.62% |
| 2019 | 51.7 | -24.79% |
| 2018 | 68.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Tower AMT | 113 | 155.39% | 🇺🇸 USA |
 Crown Castle CCI | 26.7 | -39.91% | 🇺🇸 USA |
 IHS Towers IHS | -0.7403 | -101.67% | 🇬🇧 UK |
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.