New China Life Insurance
601336.SS
#1591
Rank
$10.49 B
Marketcap
$4.17
Share price
0.03%
Change (1 day)
-2.11%
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 March 2024 (TTM): 6.59

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.

P/E ratio history for New China Life Insurance from 2011 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.5517.65%
20218.12-35.87%
202012.720.26%
201910.5-34.91%
201816.2-60.15%
201740.646.44%
201627.746.48%
201518.9-21.75%
201424.250.04%
201316.1-47.45%
201230.775.25%
201117.5

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.