P/E ratio for Foshan Haitian Flavouring and Food (603288.SS)
P/E ratio as of April 2024 (TTM): 32.6
According to Foshan Haitian Flavouring and Food's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.6043. At the end of 2022 the company had a P/E ratio of 59.4.
P/E ratio history for Foshan Haitian Flavouring and Food from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 59.4 | -10.48% |
| 2021 | 66.4 | -34.02% |
| 2020 | 101 | 85.22% |
| 2019 | 54.3 | 30.62% |
| 2018 | 41.6 | 1.22% |
| 2017 | 41.1 | 47.02% |
| 2016 | 27.9 | -26.51% |
| 2015 | 38.0 | 33.58% |
| 2014 | 28.5 |
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.