Midea
000333.SZ
#287
Rank
$54.40 B
Marketcap
$7.78
Share price
3.29%
Change (1 day)
-33.79%
Change (1 year)

P/E ratio for Midea (000333.SZ)

P/E ratio as of March 2023 (TTM): 13.5

According to Midea's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.475. At the end of 2021 the company had a P/E ratio of 17.7.

P/E ratio history for Midea from 2014 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202117.7-27.38%
202024.450.99%
201916.236.72%
201811.8-43.22%
201720.869.4%
201612.310.02%
201511.23.72%
201410.8-5.71%
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.