P/E ratio for Gree Electric Appliances (000651.SZ)
P/E ratio as of April 2024 (TTM): 8.52
According to Gree Electric Appliances 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.51689. At the end of 2022 the company had a P/E ratio of 7.30.
P/E ratio history for Gree Electric Appliances from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.30 | -20.4% |
| 2021 | 9.17 | -44.95% |
| 2020 | 16.7 | 4.35% |
| 2019 | 16.0 | 94.33% |
| 2018 | 8.21 | -30.1% |
| 2017 | 11.7 | 22.15% |
| 2016 | 9.62 | -10.5% |
| 2015 | 10.7 | 36.05% |
| 2014 | 7.90 | -12.94% |
| 2013 | 9.07 | -12.48% |
| 2012 | 10.4 | 12.09% |
| 2011 | 9.25 | -22.47% |
| 2010 | 11.9 | -36.32% |
| 2009 | 18.7 | 51.76% |
| 2008 | 12.3 | -58.64% |
| 2007 | 29.8 | 165.29% |
| 2006 | 11.2 | |
| 2004 | 12.0 | -8.82% |
| 2003 | 13.2 | -4.5% |
| 2002 | 13.8 |
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.