LONGi Green Energy Technology
601012.SS
#858
Rank
$21.77 B
Marketcap
$2.87
Share price
-0.96%
Change (1 day)
-54.87%
Change (1 year)

P/E ratio for LONGi Green Energy Technology (601012.SS)

P/E ratio as of February 2024 (TTM): 9.62

According to LONGi Green Energy Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.62486. 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
202221.7-57.41%
202150.924.51%
202040.9140.31%
201917.0-9.21%
201818.7-6.44%
201720.028.59%
201615.6-65.78%
201545.517.9%
201438.6-67.44%
2013119-231.91%
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.