CM Bank
3968.HK
#131
Rank
NZ$214.33 B
Marketcap
$7.85
Share price
-2.05%
Change (1 day)
21.58%
Change (1 year)

China Merchants Bank is a Chinese bank based in Shenzhen. According to total assets, it is China's sixth largest bank. It operates branches in the 30 largest cities of China.

P/E ratio for CM Bank (3968.HK)

P/E ratio as of November 2024 (TTM): 5.74

According to CM Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.742. At the end of 2022 the company had a P/E ratio of 7.18.

P/E ratio history for CM Bank from 2006 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.18-34.13%
202110.9-5.02%
202011.516.93%
20199.8226.2%
20187.78-18.99%
20179.6051.91%
20166.32-1.99%
20156.45-7.72%
20146.9923.1%
20135.68-12.97%
20126.52-16.29%
20117.79-43.24%
201013.7-25.23%
200918.4108.13%
20088.82-69.73%
200729.10.41%
200629.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
6.58 14.64%๐Ÿ‡จ๐Ÿ‡ณ China
6.68 16.26%๐Ÿ‡ฌ๐Ÿ‡ง UK

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.