P/E ratio for COSCO Shipping (601919.SS)
P/E ratio as of April 2024 (TTM): 1.87
According to COSCO Shipping's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.86561. At the end of 2022 the company had a P/E ratio of 1.51.
P/E ratio history for COSCO Shipping from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.51 | -54.94% |
| 2021 | 3.34 | -78.53% |
| 2020 | 15.6 | 65.49% |
| 2019 | 9.41 | -71.4% |
| 2018 | 32.9 | 26.37% |
| 2017 | 26.0 | -582.01% |
| 2016 | -5.40 | -102.99% |
| 2015 | 180 | 0.22% |
| 2014 | 180 | 9.09% |
| 2013 | 165 | -3616.92% |
| 2012 | -4.69 | 2.25% |
| 2011 | -4.59 | -132.22% |
| 2010 | 14.2 | -175.82% |
| 2009 | -18.8 | -365.48% |
| 2008 | 7.08 |
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.