P/E ratio for CITIC Bank (601998.SS)
P/E ratio as of October 2023 (TTM): 4.44
According to CITIC Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.44176. At the end of 2021 the company had a P/E ratio of 4.27.
P/E ratio history for CITIC Bank from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 4.27 | -21.02% |
| 2020 | 5.40 | -16.79% |
| 2019 | 6.49 | 7.23% |
| 2018 | 6.06 | -17.94% |
| 2017 | 7.38 | -2.12% |
| 2016 | 7.54 | -9.34% |
| 2015 | 8.32 | -9.65% |
| 2014 | 9.21 | 104.6% |
| 2013 | 4.50 | -29.12% |
| 2012 | 6.35 | 11.57% |
| 2011 | 5.69 | -39.82% |
| 2010 | 9.45 | -57.8% |
| 2009 | 22.4 | 95.83% |
| 2008 | 11.4 | -74.45% |
| 2007 | 44.8 |
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.