CMGE Technology Group
0302.HK
#5291
Rank
$0.55 B
Marketcap
$0.20
Share price
1.94%
Change (1 day)
-50.00%
Change (1 year)

P/E ratio for CMGE Technology Group (0302.HK)

P/E ratio at the end of 2021: 10.9

According to CMGE Technology Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.57732. At the end of 2021 the company had a P/E ratio of 10.9.

P/E ratio history for CMGE Technology Group from 2019 to 2021

PE ratio at the end of each year

Year P/E ratio Change
202110.940.26%
20207.78-64.21%
201921.7

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.