P/E ratio for Midea (000333.SZ)
P/E ratio as of April 2024 (TTM): 14.9
According to Midea's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.9456. 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 |
|---|---|---|
| 2022 | 11.9 | -32.57% |
| 2021 | 17.7 | -29.52% |
| 2020 | 25.1 | 55.63% |
| 2019 | 16.1 | 36.83% |
| 2018 | 11.8 | -43.41% |
| 2017 | 20.8 | 68.66% |
| 2016 | 12.4 | 13.5% |
| 2015 | 10.9 | -0.82% |
| 2014 | 11.0 | -3.96% |
| 2013 | 11.4 |
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.