According to Chinese Estates Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.9058. At the end of 2023 the company had a P/E ratio of 30.6.
Year | P/E ratio | Change |
---|---|---|
2023 | 30.6 | 630.73% |
2022 | 4.19 | -369.4% |
2021 | -1.56 | -113.68% |
2020 | 11.4 | -23.91% |
2019 | 14.9 | -6.2% |
2018 | 15.9 | 144.75% |
2017 | 6.51 | 61.51% |
2016 | 4.03 | -36.97% |
2015 | 6.39 | 24.31% |
2014 | 5.14 | -29.08% |
2013 | 7.25 | 187.54% |
2012 | 2.52 | -62.93% |
2011 | 6.80 | -342.94% |
2010 | -2.80 | -208.02% |
2009 | 2.59 | -119.76% |
2008 | -13.1 | -424.13% |
2007 | 4.05 | 45.8% |
2006 | 2.78 | 9.97% |
2005 | 2.52 | -62.04% |
2004 | 6.65 |
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.