Hong Kong Exchanges & Clearing
0388.HK
#406
Rank
โ‚น4.107 T
Marketcap
โ‚น3,249
Share price
-0.94%
Change (1 day)
18.53%
Change (1 year)

P/E ratio for Hong Kong Exchanges & Clearing (0388.HK)

P/E ratio as of December 2024 (TTM): 30.8

According to Hong Kong Exchanges & Clearing's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.839. At the end of 2022 the company had a P/E ratio of 42.4.

P/E ratio history for Hong Kong Exchanges & Clearing from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202242.4-7.82%
202146.0-2.64%
202047.239.74%
201933.811.8%
201830.2-24.03%
201739.83.33%
201638.529.91%
201529.6-23.39%
201438.718.14%
201332.7-6.69%
201235.133.14%
201126.3-30.06%
201037.718.36%
200931.8

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.