P/E ratio for Lai Sun Development Company (0488.HK)
P/E ratio at the end of 2022: -2.06
According to Lai Sun Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.2576. At the end of 2022 the company had a P/E ratio of -2.06.
P/E ratio history for Lai Sun Development Company from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.06 | 1.65% |
| 2021 | -2.03 | 9.36% |
| 2020 | -1.85 | -214.21% |
| 2019 | 1.62 | -25.97% |
| 2018 | 2.19 | -54.19% |
| 2017 | 4.78 | 30.45% |
| 2016 | 3.67 | 90.93% |
| 2015 | 1.92 | -36.54% |
| 2014 | 3.03 | 47.07% |
| 2013 | 2.06 | 57.91% |
| 2012 | 1.30 | -4.7% |
| 2011 | 1.37 | 12.67% |
| 2010 | 1.21 | -112.33% |
| 2009 | -9.84 | -666.74% |
| 2008 | 1.74 | -44.91% |
| 2007 | 3.15 | -62.89% |
| 2006 | 8.49 |
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.