Meituan
3690.HK
#228
Rank
$77.11 B
Marketcap
$12.37
Share price
6.26%
Change (1 day)
-26.11%
Change (1 year)

P/E ratio for Meituan (3690.HK)

P/E ratio as of March 2024 (TTM): -49.2

According to Meituan's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -49.249. At the end of 2021 the company had a P/E ratio of -47.8.

P/E ratio history for Meituan from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2021-47.8-114.42%
2020332

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
15.2-130.92%๐Ÿ‡จ๐Ÿ‡ณ China
13.8-128.02%๐Ÿ‡จ๐Ÿ‡ณ China

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.