P/E ratio for GAC (Guangzhou Automobile Group) (601238.SS)
P/E ratio as of April 2024 (TTM): 12.7
According to GAC (Guangzhou Automobile Group)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.6983. At the end of 2022 the company had a P/E ratio of 14.1.
P/E ratio history for GAC (Guangzhou Automobile Group) from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.1 | -32.97% |
| 2021 | 21.1 | -7.93% |
| 2020 | 22.9 | 27.41% |
| 2019 | 18.0 | 87.19% |
| 2018 | 9.61 | -35.64% |
| 2017 | 14.9 | -36.86% |
| 2016 | 23.6 | -30.86% |
| 2015 | 34.2 | 96.99% |
| 2014 | 17.4 | -13.62% |
| 2013 | 20.1 | -37.5% |
| 2012 | 32.2 |
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.