P/E ratio for Jinko Solar (JKS)
P/E ratio as of April 2024 (TTM): 2.02
According to Jinko Solar 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.01956. At the end of 2022 the company had a P/E ratio of 22.7.
P/E ratio history for Jinko Solar from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.7 | 15.87% |
| 2021 | 19.6 | -79.42% |
| 2020 | 95.3 | 1062.09% |
| 2019 | 8.20 | 26.71% |
| 2018 | 6.47 | -82.38% |
| 2017 | 36.7 | 1963.03% |
| 2016 | 1.78 | -78.33% |
| 2015 | 8.21 | 46.89% |
| 2014 | 5.59 | -77.29% |
| 2013 | 24.6 | -4491.4% |
| 2012 | -0.5606 | -117.47% |
| 2011 | 3.21 | 10.09% |
| 2010 | 2.92 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 DAQO New Energy DQ | 2.45 | 21.52% | 🇨🇳 China |
 Canadian Solar
CSIQ | 2.28 | 13.07% | 🇨🇦 Canada |
 ReneSola
SOL | 6.54 | 223.99% | 🇺🇸 USA |
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.