P/E ratio for Hisense Visual Technology (600060.SS)
P/E ratio as of April 2024 (TTM): 17.2
According to Hisense Visual Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.2382. At the end of 2022 the company had a P/E ratio of 10.6.
P/E ratio history for Hisense Visual Technology from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.6 | -31.58% |
| 2021 | 15.5 | 22.55% |
| 2020 | 12.6 | -49.89% |
| 2019 | 25.2 | -8.91% |
| 2018 | 27.6 | 36.34% |
| 2017 | 20.3 | 58.65% |
| 2016 | 12.8 | -25.95% |
| 2015 | 17.3 | 61.37% |
| 2014 | 10.7 | 12.2% |
| 2013 | 9.53 | 15.84% |
| 2012 | 8.23 | 34.89% |
| 2011 | 6.10 | -49.11% |
| 2010 | 12.0 | -49.04% |
| 2009 | 23.5 | 69.03% |
| 2008 | 13.9 | -59.06% |
| 2007 | 34.0 | 39.1% |
| 2006 | 24.4 | -23.58% |
| 2005 | 32.0 | -38.19% |
| 2004 | 51.7 | -29.71% |
| 2003 | 73.6 | -19.12% |
| 2002 | 91.0 |
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.