P/E ratio for COSCO SHIPPING Development (601866.SS)
P/E ratio as of May 2024 (TTM): 10.8
According to COSCO SHIPPING Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8254. 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 |
|---|---|---|
| 2022 | 8.34 | 27.84% |
| 2021 | 6.53 | -65.58% |
| 2020 | 19.0 | -6.27% |
| 2019 | 20.2 | 6.19% |
| 2018 | 19.1 | -30.04% |
| 2017 | 27.2 | -78.97% |
| 2016 | 130 | -131.28% |
| 2015 | -414 | -861.17% |
| 2014 | 54.4 | -598.9% |
| 2013 | -10.9 | -119.98% |
| 2012 | 54.6 | -627.44% |
| 2011 | -10.3 | -183.12% |
| 2010 | 12.5 | -249.39% |
| 2009 | -8.33 | -105.76% |
| 2008 | 145 |
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.