According to China Railway Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.79764. At the end of 2022 the company had a P/E ratio of 2.98.
Year | P/E ratio | Change |
---|---|---|
2022 | 2.98 | -9.53% |
2021 | 3.29 | 5.64% |
2020 | 3.12 | -30.91% |
2019 | 4.51 | -46.64% |
2018 | 8.45 | 14.42% |
2017 | 7.39 | -30.51% |
2016 | 10.6 | 17.09% |
2015 | 9.08 | -13.75% |
2014 | 10.5 | 48.31% |
2013 | 7.10 | -32.48% |
2012 | 10.5 | 62.56% |
2011 | 6.47 | -53.19% |
2010 | 13.8 | -17.08% |
2009 | 16.7 | -82.67% |
2008 | 96.2 |
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.