P/E ratio for Industrial Bank (601166.SS)
P/E ratio as of September 2023 (TTM): 3.80
According to Industrial Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.80129. 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 |
|---|---|---|
| 2021 | 5.05 | -25.53% |
| 2020 | 6.79 | 6.46% |
| 2019 | 6.37 | 23.25% |
| 2018 | 5.17 | -16.59% |
| 2017 | 6.20 | 6.42% |
| 2016 | 5.83 | -11.11% |
| 2015 | 6.56 | -0.42% |
| 2014 | 6.58 | 43.92% |
| 2013 | 4.57 | -9.92% |
| 2012 | 5.08 | -4.29% |
| 2011 | 5.31 | -27.56% |
| 2010 | 7.32 | -51.62% |
| 2009 | 15.1 | 134.59% |
| 2008 | 6.45 | -78.14% |
| 2007 | 29.5 |
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.