P/E ratio for NetEase (NTES)
P/E ratio as of April 2024 (TTM): 16.5
According to NetEase's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.5161. At the end of 2022 the company had a P/E ratio of 15.8.
P/E ratio history for NetEase from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.8 | -38.73% |
| 2021 | 25.8 | -28.81% |
| 2020 | 36.3 | 177.93% |
| 2019 | 13.1 | -60.52% |
| 2018 | 33.1 | 15.27% |
| 2017 | 28.7 | 76.14% |
| 2016 | 16.3 | -27.22% |
| 2015 | 22.4 | 33.23% |
| 2014 | 16.8 | 19.57% |
| 2013 | 14.1 | 47.08% |
| 2012 | 9.55 | -17.8% |
| 2011 | 11.6 | -17.18% |
| 2010 | 14.0 | -21.69% |
| 2009 | 17.9 | 50.34% |
| 2008 | 11.9 | -15.36% |
| 2007 | 14.1 | -9.55% |
| 2006 | 15.6 | -75.31% |
| 2005 | 63.0 | -49.23% |
| 2004 | 124 | 5.48% |
| 2003 | 118 | -82.58% |
| 2002 | 676 | -23534.52% |
| 2001 | -2.88 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 The9 NCTY | -0.0075 | -100.05% | 🇨🇳 China |
 Sohu.com SOHU | -5.65 | -134.23% | 🇨🇳 China |
 Baidu BIDU | 15.8 | -4.38% | 🇨🇳 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.