G-bits Network Technology
603444.SS
#4057
Rank
$2.02 B
Marketcap
$28.13
Share price
-0.86%
Change (1 day)
-44.25%
Change (1 year)

P/E ratio for G-bits Network Technology (603444.SS)

P/E ratio as of February 2024 (TTM): 9.90

According to G-bits Network Technology 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.89954. At the end of 2022 the company had a P/E ratio of 15.4.

P/E ratio history for G-bits Network Technology from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202215.4-25.48%
202120.6-29.33%
202029.210.32%
201926.576.33%
201815.0-30.42%
201721.6176.85%
20167.80

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.