The Industrial and Commercial Bank of China Limited is the largest bank in the People's Republic of China and the world in terms of total assets. With sales of $176 billion, it ranked #1 in Forbes Global 2000 of the 2,000 largest listed companies in the world in 2019.
P/E ratio for ICBC (1398.HK)
P/E ratio as of April 2024 (TTM): 3.75
According to ICBC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.75147. At the end of 2022 the company had a P/E ratio of 3.59.
P/E ratio history for ICBC from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.59 | -6.56% |
| 2021 | 3.84 | -25.57% |
| 2020 | 5.16 | -16.68% |
| 2019 | 6.19 | 7.22% |
| 2018 | 5.78 | -15.69% |
| 2017 | 6.85 | 30.68% |
| 2016 | 5.24 | 6.26% |
| 2015 | 4.93 | -14.74% |
| 2014 | 5.79 | 4.77% |
| 2013 | 5.52 | -15.9% |
| 2012 | 6.57 | |
| 2010 | 10.2 | -30.25% |
| 2009 | 14.6 | 33.06% |
| 2008 | 11.0 | -51.04% |
| 2007 | 22.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CM Bank 3968.HK | 5.26 | 40.22% | 🇨🇳 China |
 HSBC HSBC | 6.00 | 59.90% | 🇬🇧 UK |
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.