P/E ratio for China Yangtze Power (600900.SS)
P/E ratio as of March 2023 (TTM): 22.6
According to China Yangtze Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.6133. At the end of 2021 the company had a P/E ratio of 19.5.
P/E ratio history for China Yangtze Power from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 19.5 | 21.47% |
| 2020 | 16.1 | -14.42% |
| 2019 | 18.8 | 25.04% |
| 2018 | 15.0 | -2.62% |
| 2017 | 15.4 | 14.95% |
| 2016 | 13.4 | -30.94% |
| 2015 | 19.4 | 35.89% |
| 2014 | 14.3 | 25.61% |
| 2013 | 11.4 | 4.14% |
| 2012 | 10.9 | -19.88% |
| 2011 | 13.6 | -9.54% |
| 2010 | 15.1 | -47.13% |
| 2009 | 28.5 | |
| 2007 | 32.3 | 46.35% |
| 2006 | 22.1 | 30.24% |
| 2005 | 17.0 | -24.72% |
| 2004 | 22.5 | -54.12% |
| 2003 | 49.1 |
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.