P/E ratio for Bank of Ningbo (002142.SZ)
P/E ratio as of April 2025 (TTM): 6.71
According to Bank of Ningbo 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.71096. At the end of 2022 the company had a P/E ratio of 9.60.
P/E ratio history for Bank of Ningbo from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.60 | -21.5% |
| 2021 | 12.2 | -12.02% |
| 2020 | 13.9 | 19% |
| 2019 | 11.7 | 57.05% |
| 2018 | 7.44 | -24.83% |
| 2017 | 9.89 | 16.41% |
| 2016 | 8.50 | -6.29% |
| 2015 | 9.07 | 30.16% |
| 2014 | 6.97 | 26.09% |
| 2013 | 5.53 | -26.89% |
| 2012 | 7.56 | -7.56% |
| 2011 | 8.18 | -39.32% |
| 2010 | 13.5 | -55.3% |
| 2009 | 30.2 | 135.83% |
| 2008 | 12.8 | -74.66% |
| 2007 | 50.5 |
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.