P/E ratio for CITIC Securities (600030.SS)
P/E ratio as of April 2024 (TTM): 11.9
According to CITIC Securities 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8828. At the end of 2022 the company had a P/E ratio of 14.0.
P/E ratio history for CITIC Securities from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.0 | -10.28% |
| 2021 | 15.6 | -41.87% |
| 2020 | 26.9 | 1.18% |
| 2019 | 26.6 | 20.48% |
| 2018 | 22.1 | 7.98% |
| 2017 | 20.4 | 3.11% |
| 2016 | 19.8 | 65.03% |
| 2015 | 12.0 | -65.62% |
| 2014 | 34.9 | 23.91% |
| 2013 | 28.2 | -26.44% |
| 2012 | 38.3 | 357.39% |
| 2011 | 8.37 | -28.52% |
| 2010 | 11.7 | -53.07% |
| 2009 | 25.0 | 44.06% |
| 2008 | 17.3 | 0.38% |
| 2007 | 17.3 | -50.07% |
| 2006 | 34.6 | -2.53% |
| 2005 | 35.5 | -62.22% |
| 2004 | 93.9 | 66.93% |
| 2003 | 56.2 |
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.