P/E ratio for CITIC Bank (601998.SS)
P/E ratio as of April 2024 (TTM): 5.41
According to CITIC Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.40984. 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 |
|---|---|---|
| 2022 | 4.26 | -0.5% |
| 2021 | 4.28 | -21.31% |
| 2020 | 5.44 | -16.3% |
| 2019 | 6.49 | 7.23% |
| 2018 | 6.06 | -17.94% |
| 2017 | 7.38 | -3.28% |
| 2016 | 7.63 | -6.99% |
| 2015 | 8.20 | -12.31% |
| 2014 | 9.36 | 103.08% |
| 2013 | 4.61 | -29.12% |
| 2012 | 6.50 | 15.84% |
| 2011 | 5.61 | -40.77% |
| 2010 | 9.47 | -57.41% |
| 2009 | 22.2 | 130.5% |
| 2008 | 9.65 |
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.