P/E ratio for CITIC Securities (600030.SS)
P/E ratio as of September 2023 (TTM): 15.1
According to CITIC Securities 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.0839. At the end of 2021 the company had a P/E ratio of 14.9.
P/E ratio history for CITIC Securities from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 14.9 | -42.83% |
| 2020 | 26.1 | -3.29% |
| 2019 | 26.9 | 22.19% |
| 2018 | 22.1 | 7.98% |
| 2017 | 20.4 | 3.11% |
| 2016 | 19.8 | 62.1% |
| 2015 | 12.2 | -64.54% |
| 2014 | 34.5 | 26.36% |
| 2013 | 27.3 | -25.77% |
| 2012 | 36.7 | 338.69% |
| 2011 | 8.37 | -26.83% |
| 2010 | 11.4 | -53.74% |
| 2009 | 24.7 | 41.68% |
| 2008 | 17.5 | -23.76% |
| 2007 | 22.9 | -37.28% |
| 2006 | 36.5 | 7.57% |
| 2005 | 33.9 | -63.72% |
| 2004 | 93.6 | 66.58% |
| 2003 | 56.2 | -53.11% |
| 2002 | 120 |
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.