Industrial Bank
601166.SS
#318
Rank
$49.21 B
Marketcap
$2.37
Share price
2.35%
Change (1 day)
-16.84%
Change (1 year)

P/E ratio for Industrial Bank (601166.SS)

P/E ratio as of November 2022 (TTM): 3.58

According to Industrial Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.5809. At the end of 2021 the company had a P/E ratio of 5.05.

P/E ratio history for Industrial Bank from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20215.05-25.53%
20206.796.46%
20196.3723.25%
20185.17-16.59%
20176.206.42%
20165.83-11.11%
20156.56-0.42%
20146.5843.92%
20134.57-9.92%
20125.08-4.29%
20115.31-27.56%
20107.32-51.62%
200915.1134.59%
20086.45-78.14%
200729.5

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.