According to New China Life Insurance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.58563. At the end of 2022 the company had a P/E ratio of 9.55.
Year | P/E ratio | Change |
---|---|---|
2022 | 9.55 | 17.65% |
2021 | 8.12 | -35.87% |
2020 | 12.7 | 20.26% |
2019 | 10.5 | -34.91% |
2018 | 16.2 | -60.15% |
2017 | 40.6 | 46.44% |
2016 | 27.7 | 46.48% |
2015 | 18.9 | -21.75% |
2014 | 24.2 | 50.04% |
2013 | 16.1 | -47.45% |
2012 | 30.7 | 75.25% |
2011 | 17.5 |
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.