According to East Money Information's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.7177. At the end of 2022 the company had a P/E ratio of 29.8.
Year | P/E ratio | Change |
---|---|---|
2022 | 29.8 | -22.5% |
2021 | 38.5 | -21.63% |
2020 | 49.1 | -5.01% |
2019 | 51.7 | -11.76% |
2018 | 58.6 | -25.46% |
2017 | 78.7 | 5.53% |
2016 | 74.5 | 47.83% |
2015 | 50.4 | -74.34% |
2014 | 196 | -87.59% |
2013 | > 1000 | 1871.08% |
2012 | 80.3 | 94.93% |
2011 | 41.2 | -57.45% |
2010 | 96.8 |
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.