P/E ratio for Mengniu Dairy (2319.HK)
P/E ratio at the end of 2023: 15.5
According to Mengniu Dairy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4741. At the end of 2023 the company had a P/E ratio of 15.5.
P/E ratio history for Mengniu Dairy from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 15.5 | -33.12% |
| 2022 | 23.2 | -17.89% |
| 2021 | 28.2 | -34.82% |
| 2020 | 43.3 | 61.28% |
| 2019 | 26.9 | 0.1% |
| 2018 | 26.8 | -26.78% |
| 2017 | 36.6 | -153.5% |
| 2016 | -68.5 | -497.69% |
| 2015 | 17.2 | -17.59% |
| 2014 | 20.9 | -32.88% |
| 2013 | 31.1 | 29.23% |
| 2012 | 24.1 | 50.42% |
| 2011 | 16.0 | -33.98% |
| 2010 | 24.3 | -30.47% |
| 2009 | 34.9 | -356.81% |
| 2008 | -13.6 | -133.13% |
| 2007 | 41.0 | 7.53% |
| 2006 | 38.1 | 102.11% |
| 2005 | 18.9 | 5.72% |
| 2004 | 17.8 |
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.