CITIC Bank
601998.SS
#413
Rank
$47.65 B
Marketcap
$0.96
Share price
0.43%
Change (1 day)
27.59%
Change (1 year)

P/E ratio for CITIC Bank (601998.SS)

P/E ratio as of December 2024 (TTM): 5.43

According to CITIC Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.42593. At the end of 2022 the company had a P/E ratio of 4.26.

P/E ratio history for CITIC Bank from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.26-0.5%
20214.28-21.31%
20205.44-16.3%
20196.497.23%
20186.06-17.94%
20177.38-3.28%
20167.63-6.99%
20158.20-12.31%
20149.36103.08%
20134.61-29.12%
20126.5015.84%
20115.61-40.77%
20109.47-57.41%
200922.2130.5%
20089.65

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.