P/E ratio for CNOOC (0883.HK)
P/E ratio as of April 2024 (TTM): 15.7
According to CNOOC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.7404. At the end of 2007 the company had a P/E ratio of 18.9.
P/E ratio history for CNOOC from 2004 to 2010
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2007 | 18.9 | 83.32% |
| 2006 | 10.3 | 18.94% |
| 2005 | 8.65 | -24.04% |
| 2004 | 11.4 |
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.