PetroChina Company Limited is the largest Chinese oil company with a network of over 18,000 filling stations, making it one of the largest listed companies in the world.
According to PetroChina's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.14761. At the end of 2023 the company had a P/E ratio of 5.86.
Year | P/E ratio | Change |
---|---|---|
2023 | 5.86 | 33.04% |
2022 | 4.41 | -36.49% |
2021 | 6.94 | -71.2% |
2020 | 24.1 | 54.49% |
2019 | 15.6 | -2.29% |
2018 | 16.0 | -64.85% |
2017 | 45.4 | -68.57% |
2016 | 145 | 434.14% |
2015 | 27.1 | 87.12% |
2014 | 14.5 | 21.05% |
2013 | 11.9 | -32.7% |
2012 | 17.7 | 33.97% |
2011 | 13.2 | 0.07% |
2010 | 13.2 | -19.78% |
2009 | 16.5 | 52.91% |
2008 | 10.8 | -35.73% |
2007 | 16.8 | 15.79% |
2006 | 14.5 | 65.71% |
2005 | 8.75 | 15.96% |
2004 | 7.55 | -30.2% |
2003 | 10.8 | 87.14% |
2002 | 5.78 | 13.05% |
2001 | 5.11 |
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.