P/E ratio for Everbright Securities Company (6178.HK)
P/E ratio as of April 2024 (TTM): 7.30
According to Everbright Securities Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.29799. At the end of 2022 the company had a P/E ratio of 7.46.
P/E ratio history for Everbright Securities Company from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.46 | 7.09% |
| 2021 | 6.96 | -46.23% |
| 2020 | 12.9 | -70.76% |
| 2019 | 44.3 | -71.52% |
| 2018 | 156 | 1115.81% |
| 2017 | 12.8 | -13.13% |
| 2016 | 14.7 |
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.