COSCO SHIPPING Development
601866.SS
#3121
Rank
$3.98 B
Marketcap
$0.35
Share price
-1.15%
Change (1 day)
7.52%
Change (1 year)

P/E ratio for COSCO SHIPPING Development (601866.SS)

P/E ratio as of November 2024 (TTM): 11.4

According to COSCO SHIPPING Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.3856. At the end of 2022 the company had a P/E ratio of 8.34.

P/E ratio history for COSCO SHIPPING Development from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.3427.84%
20216.53-65.58%
202019.0-6.27%
201920.26.19%
201819.1-30.04%
201727.2-78.97%
2016130-131.28%
2015-414-861.17%
201454.4-598.9%
2013-10.9-119.98%
201254.6-627.44%
2011-10.3-183.12%
201012.5-249.39%
2009-8.33-105.76%
2008145

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.