P/E ratio for Ganfeng Lithium (002460.SZ)
P/E ratio as of April 2024 (TTM): 3.41
According to Ganfeng Lithium's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.41255. At the end of 2022 the company had a P/E ratio of 6.83.
P/E ratio history for Ganfeng Lithium from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.83 | -82.48% |
| 2021 | 39.0 | -69.39% |
| 2020 | 127 | 5.98% |
| 2019 | 120 | 556.6% |
| 2018 | 18.3 | -49.52% |
| 2017 | 36.2 | -13.88% |
| 2016 | 42.1 | -77.26% |
| 2015 | 185 | 194.56% |
| 2014 | 62.8 | 36.71% |
| 2013 | 46.0 | 9.48% |
| 2012 | 42.0 | -27.2% |
| 2011 | 57.7 | -41.75% |
| 2010 | 99.0 |
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.