P/E ratio for CRRC (1766.HK)
P/E ratio as of April 2024 (TTM): 9.66
According to CRRC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.65843. At the end of 2022 the company had a P/E ratio of 6.76.
P/E ratio history for CRRC from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.76 | -12.13% |
| 2021 | 7.69 | 27.29% |
| 2020 | 6.04 | -50.35% |
| 2019 | 12.2 | -28.03% |
| 2018 | 16.9 | -9.87% |
| 2017 | 18.8 | 27.81% |
| 2016 | 14.7 | -19.41% |
| 2015 | 18.2 | 51.17% |
| 2014 | 12.1 | -27.85% |
| 2013 | 16.7 | -5.54% |
| 2012 | 17.7 | |
| 2010 | 41.9 | 14.19% |
| 2009 | 36.7 | 66.43% |
| 2008 | 22.1 |
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.