P/E ratio for Gree Electric Appliances (000651.SZ)
P/E ratio as of June 2023 (TTM): 9.96
According to Gree Electric Appliances 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.95553. At the end of 2021 the company had a P/E ratio of 9.12.
P/E ratio history for Gree Electric Appliances from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.12 | -44.8% |
| 2020 | 16.5 | 3.5% |
| 2019 | 16.0 | 94.33% |
| 2018 | 8.21 | -30.1% |
| 2017 | 11.7 | 22.15% |
| 2016 | 9.62 | -12.46% |
| 2015 | 11.0 | 44.73% |
| 2014 | 7.59 | -15.46% |
| 2013 | 8.98 | -12.7% |
| 2012 | 10.3 | 11.2% |
| 2011 | 9.25 | -20.72% |
| 2010 | 11.7 | -37.59% |
| 2009 | 18.7 | 63.97% |
| 2008 | 11.4 | -65.16% |
| 2007 | 32.7 | 115% |
| 2006 | 15.2 | |
| 2004 | 12.5 | -11.84% |
| 2003 | 14.2 | 0.14% |
| 2002 | 14.2 |
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.