P/E ratio for Chongqing Changan (000625.SZ)
P/E ratio as of April 2024 (TTM): 15.1
According to Chongqing Changan's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1122. At the end of 2022 the company had a P/E ratio of 15.5.
P/E ratio history for Chongqing Changan from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.5 | -46.65% |
| 2021 | 29.0 | -8.61% |
| 2020 | 31.7 | -273.92% |
| 2019 | -18.2 | -141.32% |
| 2018 | 44.1 | 421.89% |
| 2017 | 8.46 | 23.96% |
| 2016 | 6.82 | -14.37% |
| 2015 | 7.97 | -21.44% |
| 2014 | 10.1 | -37.11% |
| 2013 | 16.1 | -24.82% |
| 2012 | 21.5 | 101.87% |
| 2011 | 10.6 | 1.61% |
| 2010 | 10.5 | -64.96% |
| 2009 | 29.9 | -94.31% |
| 2008 | 524 | 963.22% |
| 2007 | 49.3 | 84.86% |
| 2006 | 26.7 | 7.03% |
| 2005 | 24.9 | 275.79% |
| 2004 | 6.63 | -48.27% |
| 2003 | 12.8 | 7.73% |
| 2002 | 11.9 |
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.