P/E ratio for HK Electric Investments (2638.HK)
P/E ratio at the end of 2021: 23.3
According to HK Electric Investments's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2021 the company had a P/E ratio of 23.3.
P/E ratio history for HK Electric Investments from 2014 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 23.3 | -6.35% |
| 2020 | 24.8 | -15.18% |
| 2019 | 29.3 | 27.5% |
| 2018 | 23.0 | 21.44% |
| 2017 | 18.9 | 20.35% |
| 2016 | 15.7 | -1.15% |
| 2015 | 15.9 | 22.03% |
| 2014 | 13.0 |
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.