Mengniu Dairy
2319.HK
#899
Rank
$19.29 B
Marketcap
$4.88
Share price
0.53%
Change (1 day)
-18.53%
Change (1 year)
China Mengniu Dairy Company Limited is a Chinese manufacturing and distribution company for dairy products and ice cream.

P/E ratio for Mengniu Dairy (2319.HK)

P/E ratio at the end of 2021: 28.4

According to Mengniu Dairy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.4081. At the end of 2021 the company had a P/E ratio of 28.4.

P/E ratio history for Mengniu Dairy from 2004 to 2021

PE ratio at the end of each year

Year P/E ratio Change
202128.4-34.82%
202043.561.28%
201927.00.1%
201827.0-26.78%
201736.8-153.5%
2016-68.8-497.69%
201517.3-17.59%
201421.0-32.88%
201331.324.67%
201225.155.92%
201116.1-33.98%
201024.4-30.47%
200935.1-356.81%
2008-13.7-133.13%
200741.27.53%
200638.3102.11%
200519.05.72%
200417.9

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.