New China Life Insurance
601336.SS
#1329
Rank
$9.96 B
Marketcap
$3.79
Share price
1.23%
Change (1 day)
-39.65%
Change (1 year)
New China Life Insurance Co., also known as Xinhua Baoxian Jituan (ๆ–ฐๅŽไฟ้™ฉ้›†ๅ›ข) is a Chinese life insurance company largely owned by the Chinese government.

P/E ratio for New China Life Insurance (601336.SS)

P/E ratio as of September 2022 (TTM): 5.25

According to New China Life Insurance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.25289. At the end of 2021 the company had a P/E ratio of 8.12.

P/E ratio history for New China Life Insurance from 2012 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20218.12-34.64%
202012.418.19%
201910.5-35.02%
201816.2-60.15%
201740.646.44%
201627.746.45%
201518.9-21.63%
201424.150.88%
201316.0-42.6%
201227.924.01%
201122.5

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.