P/E ratio for Evergrande (3333.HK)
P/E ratio at the end of 2020: 19.7
According to Evergrande's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.23436. At the end of 2020 the company had a P/E ratio of 19.7.
P/E ratio history for Evergrande from 2009 to 2020
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 19.7 | 33.03% |
| 2019 | 14.8 | 120.07% |
| 2018 | 6.72 | -44.98% |
| 2017 | 12.2 | 6.09% |
| 2016 | 11.5 | 47.59% |
| 2015 | 7.80 | 169.16% |
| 2014 | 2.90 | 0.64% |
| 2013 | 2.88 | -49.95% |
| 2012 | 5.76 | 68.54% |
| 2011 | 3.42 | -46.16% |
| 2010 | 6.34 | -87.22% |
| 2009 | 49.6 |
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.