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 April 2024 (TTM): 5.05
According to CM Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.04845. At the end of 2022 the company had a P/E ratio of 7.20.
P/E ratio history for CM Bank from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.20 | -34.01% |
| 2021 | 10.9 | -5.02% |
| 2020 | 11.5 | 16.93% |
| 2019 | 9.82 | 26.2% |
| 2018 | 7.78 | -18.98% |
| 2017 | 9.60 | 51.9% |
| 2016 | 6.32 | -1.99% |
| 2015 | 6.45 | -7.72% |
| 2014 | 6.99 | 23.1% |
| 2013 | 5.68 | -12.97% |
| 2012 | 6.52 | |
| 2010 | 13.7 | -25.23% |
| 2009 | 18.4 | 108.13% |
| 2008 | 8.82 | -69.73% |
| 2007 | 29.1 | 0.38% |
| 2006 | 29.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of China 601988.SS | 6.15 | 21.79% | 🇨🇳 China |
 HSBC HSBC | 5.75 | 13.95% | 🇬🇧 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.