P/E ratio for Kunlun Tech (300418.SZ)
P/E ratio as of April 2023 (TTM): 32.5
According to Kunlun Tech's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.4638. At the end of 2021 the company had a P/E ratio of 17.8.
P/E ratio history for Kunlun Tech from 2015 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 17.8 | 292.54% |
| 2020 | 4.53 | -69.81% |
| 2019 | 15.0 | 2.33% |
| 2018 | 14.7 | -36.57% |
| 2017 | 23.1 | -49.71% |
| 2016 | 46.0 | -60.86% |
| 2015 | 117 |
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.