ICBC
1398.HK
#42
Rank
$214.18 B
Marketcap
$0.50
Share price
1.30%
Change (1 day)
-9.09%
Change (1 year)

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 December 2022 (TTM): 3.38

According to ICBC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.37563. At the end of 2021 the company had a P/E ratio of 3.77.

P/E ratio history for ICBC from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20213.77-20.89%
20204.76-22.9%
20196.186.48%
20185.80-12.08%
20176.60
20155.02-10.75%
20145.624.79%
20135.37-19.41%
20126.668.23%
20116.15-39.04%
201010.1-28.66%
200914.132.03%
200810.7-50.15%
200721.5-34.92%
200633.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
6.31 86.85%๐Ÿ‡จ๐Ÿ‡ณ China
9.91 193.62%๐Ÿ‡ฌ๐Ÿ‡ง 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.