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 March 2023 (TTM): 3.72
According to ICBC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.72008. At the end of 2021 the company had a P/E ratio of 3.79.
P/E ratio history for ICBC from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.79 | -20.89% |
| 2020 | 4.79 | -22.9% |
| 2019 | 6.22 | 6.48% |
| 2018 | 5.84 | -12.08% |
| 2017 | 6.64 | 23.53% |
| 2016 | 5.38 | 6.45% |
| 2015 | 5.05 | -10.75% |
| 2014 | 5.66 | 4.79% |
| 2013 | 5.40 | -19.41% |
| 2012 | 6.70 | 8.23% |
| 2011 | 6.19 | -39.04% |
| 2010 | 10.2 | -28.66% |
| 2009 | 14.2 | 32.03% |
| 2008 | 10.8 | -50.15% |
| 2007 | 21.6 | -34.92% |
| 2006 | 33.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CM Bank 3968.HK | 6.15 | 65.30% | 🇨🇳 China |
 HSBC HSBC | 10.9 | 193.09% | 🇬🇧 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.