P/E ratio for LONGi Green Energy Technology (601012.SS)
P/E ratio as of April 2024 (TTM): 8.63
According to LONGi Green Energy Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.62919. At the end of 2022 the company had a P/E ratio of 21.7.
P/E ratio history for LONGi Green Energy Technology from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.7 | -57.41% |
| 2021 | 50.9 | 24.51% |
| 2020 | 40.9 | 140.31% |
| 2019 | 17.0 | -9.21% |
| 2018 | 18.7 | -6.44% |
| 2017 | 20.0 | 28.59% |
| 2016 | 15.6 | -65.78% |
| 2015 | 45.5 | 17.9% |
| 2014 | 38.6 | -67.44% |
| 2013 | 119 | -231.91% |
| 2012 | -89.9 |
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.