P/E ratio for Hong Kong Exchanges & Clearing (0388.HK)
P/E ratio as of April 2024 (TTM): 22.6
According to Hong Kong Exchanges & Clearing's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.6005. At the end of 2022 the company had a P/E ratio of 42.4.
P/E ratio history for Hong Kong Exchanges & Clearing from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 42.4 | -7.82% |
| 2021 | 46.0 | -2.64% |
| 2020 | 47.2 | 39.74% |
| 2019 | 33.8 | 11.8% |
| 2018 | 30.2 | -24.03% |
| 2017 | 39.8 | 3.33% |
| 2016 | 38.5 | 29.91% |
| 2015 | 29.6 | -23.39% |
| 2014 | 38.7 | 18.14% |
| 2013 | 32.7 | -6.69% |
| 2012 | 35.1 | |
| 2010 | 37.7 | 18.36% |
| 2009 | 31.8 |
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.