Midea
000333.SZ
#302
Rank
$60.66 B
Marketcap
$8.71
Share price
1.31%
Change (1 day)
15.36%
Change (1 year)

P/E ratio for Midea (000333.SZ)

P/E ratio as of February 2024 (TTM): 13.3

According to Midea's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2764. At the end of 2022 the company had a P/E ratio of 11.9.

P/E ratio history for Midea from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.9-32.57%
202117.7-29.52%
202025.155.63%
201916.136.83%
201811.8-43.41%
201720.868.66%
201612.413.5%
201510.9-0.82%
201411.0-3.96%
201311.4

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.