G-bits Network Technology
603444.SS
#2991
Rank
$3.16 B
Marketcap
$44.07
Share price
-0.97%
Change (1 day)
-25.87%
Change (1 year)

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

P/E ratio as of November 2022 (TTM): 16.5

According to G-bits Network Technology 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.4857. At the end of 2021 the company had a P/E ratio of 20.2.

P/E ratio history for G-bits Network Technology from 2017 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202120.2-31.65%
202029.610.31%
201926.878.51%
201815.0-30.34%
201721.6176.53%
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.