P/E ratio for Luzhou Laojiao (000568.SZ)
P/E ratio as of May 2024 (TTM): 24.2
According to Luzhou Laojiao's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2347. At the end of 2022 the company had a P/E ratio of 31.8.
P/E ratio history for Luzhou Laojiao from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 31.8 | -32.05% |
| 2021 | 46.8 | -15.24% |
| 2020 | 55.2 | 101.73% |
| 2019 | 27.3 | 64.34% |
| 2018 | 16.6 | -54.67% |
| 2017 | 36.7 | 55.28% |
| 2016 | 23.6 | -8.65% |
| 2015 | 25.9 | -20.21% |
| 2014 | 32.4 | 295.5% |
| 2013 | 8.20 | -27.1% |
| 2012 | 11.2 | -37.27% |
| 2011 | 17.9 | -30.81% |
| 2010 | 25.9 | -20.33% |
| 2009 | 32.5 | 62.67% |
| 2008 | 20.0 | -75.2% |
| 2007 | 80.7 | 17.48% |
| 2006 | 68.7 | -27.58% |
| 2005 | 94.8 | 25.14% |
| 2004 | 75.8 | -8.08% |
| 2003 | 82.4 | -34.42% |
| 2002 | 126 |
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.