CM Bank
3968.HK
#84
Rank
$137.11 B
Marketcap
$5.43
Share price
4.96%
Change (1 day)
-34.81%
Change (1 year)

China Merchants Bank is a Chinese bank based in Shenzhen. According to total assets, it is China's sixth largest bank. It operates branches in the 30 largest cities of China.

P/E ratio for CM Bank (3968.HK)

P/E ratio as of December 2022 (TTM): 6.31

According to CM Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.30741. At the end of 2021 the company had a P/E ratio of 10.7.

P/E ratio history for CM Bank from 2006 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202110.7-0.52%
202010.77.96%
20199.9227.94%
20187.75-16.37%
20179.2741.83%
20166.54-0.59%
20156.58-3.3%
20146.8024.63%
20135.46-18.18%
20126.67-11.06%
20117.50-43.87%
201013.4-25.62%
200918.0115.71%
20088.33-69.97%
200727.7-17.42%
200633.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.13-34.47%๐Ÿ‡จ๐Ÿ‡ณ China
9.91 57.14%๐Ÿ‡ฌ๐Ÿ‡ง UK

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.