P/E ratio for Kingnet Network (002517.SZ)
P/E ratio as of September 2023 (TTM): 23.0
According to Kingnet Network's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0484. At the end of 2021 the company had a P/E ratio of 21.5.
P/E ratio history for Kingnet Network from 2011 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 21.5 | -59.31% |
| 2020 | 52.9 | -1891.92% |
| 2019 | -2.95 | -106.31% |
| 2018 | 46.8 | 135.75% |
| 2017 | 19.8 | -40.91% |
| 2016 | 33.6 | -37.38% |
| 2015 | 53.6 | -210.12% |
| 2014 | -48.7 | -117.4% |
| 2013 | 280 | 1048.87% |
| 2012 | 24.3 | -40.72% |
| 2011 | 41.1 | -12.92% |
| 2010 | 47.2 |
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.