P/E ratio for New World Development Company (0017.HK)
P/E ratio at the end of 2022: 57.0
According to New World Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.2212. At the end of 2022 the company had a P/E ratio of 57.0.
P/E ratio history for New World Development Company from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 57.0 | -35.79% |
| 2021 | 88.8 | 4.96% |
| 2020 | 84.6 | 1133.34% |
| 2019 | 6.86 | 45.07% |
| 2018 | 4.73 | -62.28% |
| 2017 | 12.5 | 56.87% |
| 2016 | 7.99 | 76.36% |
| 2015 | 4.53 | -30.8% |
| 2014 | 6.55 | 39.89% |
| 2013 | 4.68 | -1.44% |
| 2012 | 4.75 | -3.94% |
| 2011 | 4.94 | 23.47% |
| 2010 | 4.00 | -84.24% |
| 2009 | 25.4 | 341.21% |
| 2008 | 5.76 | -70.55% |
| 2007 | 19.6 | -50.9% |
| 2006 | 39.8 | 226.06% |
| 2005 | 12.2 | -176.65% |
| 2004 | -15.9 | 958.58% |
| 2003 | -1.51 | -114.39% |
| 2002 | 10.5 | -97.79% |
| 2001 | 473 |
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.