Kuaishou Technology
1024.HK
#721
Rank
$27.20 B
Marketcap
$6.27
Share price
2.29%
Change (1 day)
-11.19%
Change (1 year)
Kuaishou Technology is a Chinese tech and internet company operating a mobile app for sharing and editing short videos.

P/E ratio for Kuaishou Technology (1024.HK)

P/E ratio as of March 2024 (TTM): -50.5

According to Kuaishou Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -50.4583. At the end of 2022 the company had a P/E ratio of -18.7.

P/E ratio history for Kuaishou Technology from 2021 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-18.7663.64%
2021-2.45

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.