P/E ratio for Chongqing Rural Commercial Bank (3618.HK)
P/E ratio as of May 2024 (TTM): 3.15
According to Chongqing Rural Commercial Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.14706. At the end of 2022 the company had a P/E ratio of 2.65.
P/E ratio history for Chongqing Rural Commercial Bank from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.65 | -1.53% |
| 2021 | 2.69 | -23.59% |
| 2020 | 3.52 | -5.8% |
| 2019 | 3.74 | -6.69% |
| 2018 | 4.01 | -18.1% |
| 2017 | 4.89 | 2.78% |
| 2016 | 4.76 | -4.21% |
| 2015 | 4.97 | -2.66% |
| 2014 | 5.11 | 12.73% |
| 2013 | 4.53 | -25.57% |
| 2012 | 6.09 | -13.49% |
| 2011 | 7.03 | -26.99% |
| 2010 | 9.64 |
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.