According to Kingnet Network's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.2179. At the end of 2022 the company had a P/E ratio of 13.4.
Year | P/E ratio | Change |
---|---|---|
2022 | 13.4 | -37.89% |
2021 | 21.6 | -63.52% |
2020 | 59.1 | -2115.69% |
2019 | -2.93 | -107.84% |
2018 | 37.4 | 89.44% |
2017 | 19.7 | -41.17% |
2016 | 33.6 | -35.14% |
2015 | 51.7 | 25.01% |
2014 | 41.4 | -82.72% |
2013 | 240 | 921.11% |
2012 | 23.5 | -46.68% |
2011 | 44.0 | -9.63% |
2010 | 48.7 |
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.