According to Chongqing Changan's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.79278. At the end of 2023 the company had a P/E ratio of 14.6.
Year | P/E ratio | Change |
---|---|---|
2023 | 14.6 | -4.89% |
2022 | 15.4 | -52.29% |
2021 | 32.2 | 1.54% |
2020 | 31.8 | -277.89% |
2019 | -17.9 | -137.76% |
2018 | 47.3 | 459.17% |
2017 | 8.46 | 23.96% |
2016 | 6.82 | -14.22% |
2015 | 7.95 | -19.48% |
2014 | 9.88 | -37.89% |
2013 | 15.9 | -21.62% |
2012 | 20.3 | 7.36% |
2011 | 18.9 | 68.27% |
2010 | 11.2 | -61.55% |
2009 | 29.2 | -92.04% |
2008 | 367 | 566.12% |
2007 | 55.1 | 100.09% |
2006 | 27.5 | 10.48% |
2005 | 24.9 | 249.19% |
2004 | 7.14 | -45.79% |
2003 | 13.2 | 9.83% |
2002 | 12.0 | -70.57% |
2001 | 40.7 |
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.