P/E ratio for LONGi Green Energy Technology (601012.SS)
P/E ratio as of May 2023 (TTM): 21.3
According to LONGi Green Energy Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.3371. At the end of 2021 the company had a P/E ratio of 67.3.
P/E ratio history for LONGi Green Energy Technology from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 67.3 | 68.34% |
| 2020 | 40.0 | 135.23% |
| 2019 | 17.0 | 12.48% |
| 2018 | 15.1 | -24.96% |
| 2017 | 20.1 | 29.31% |
| 2016 | 15.6 | -66.11% |
| 2015 | 45.9 | 14.11% |
| 2014 | 40.3 | -66.04% |
| 2013 | 119 | -292.89% |
| 2012 | -61.5 |
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.