P/E ratio for New Hope Liuhe (000876.SZ)
P/E ratio as of April 2024 (TTM): -88.6
According to New Hope Liuhe's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -88.6298. At the end of 2022 the company had a P/E ratio of -35.9.
P/E ratio history for New Hope Liuhe from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -35.9 | 413.61% |
| 2021 | -6.98 | -136.47% |
| 2020 | 19.1 | 17.08% |
| 2019 | 16.4 | -11.61% |
| 2018 | 18.5 | 34.09% |
| 2017 | 13.8 | 1.12% |
| 2016 | 13.6 | -3.17% |
| 2015 | 14.1 | 9.71% |
| 2014 | 12.8 | -2.3% |
| 2013 | 13.1 | 2.1% |
| 2012 | 12.9 | 16.85% |
| 2011 | 11.0 | -9.49% |
| 2010 | 12.2 | -54.05% |
| 2009 | 26.5 | 25.2% |
| 2008 | 21.2 | -50.85% |
| 2007 | 43.1 | 161.73% |
| 2006 | 16.5 | 31.19% |
| 2005 | 12.5 | -6.14% |
| 2004 | 13.4 | -40.26% |
| 2003 | 22.4 | 6.98% |
| 2002 | 20.9 |
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.