New World Development Company
0017.HK
#1543
Rank
$8.03 B
Marketcap
$3.03
Share price
0.21%
Change (1 day)
-21.91%
Change (1 year)

P/E ratio for New World Development Company (0017.HK)

P/E ratio at the end of 2021: 87.2

According to New World Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 51.1365. At the end of 2021 the company had a P/E ratio of 87.2.

P/E ratio history for New World Development Company from 2001 to 2021

PE ratio at the end of each year

Year P/E ratio Change
202187.22.68%
202084.91135.07%
20196.8844.86%
20184.75-62.28%
201712.656.87%
20168.0276.36%
20154.55-30.8%
20146.5740.31%
20134.68-1.73%
20124.77-3.79%
20114.9515.54%
20104.29-83.19%
200925.5276.53%
20086.77-59.56%
200716.7-58.1%
200640.0259.5%
200511.1-169.52%
2004-16.01093.61%
2003-1.34-112.76%
200210.5-97.79%
2001475

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.