New World Development Company
0017.HK
#3860
Rank
NZ$4.28 B
Marketcap
$1.70
Share price
-1.61%
Change (1 day)
-47.03%
Change (1 year)

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

P/E ratio at the end of 2022: 57.4

According to New World Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.067. At the end of 2022 the company had a P/E ratio of 57.4.

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
202257.4-35.79%
202189.44.96%
202085.21133.34%
20196.9145.07%
20184.76-62.28%
201712.656.87%
20168.0576.36%
20154.56-30.8%
20146.5939.89%
20134.71-1.44%
20124.78-3.94%
20114.9823.47%
20104.03-84.24%
200925.6341.21%
20085.80-70.55%
200719.7-50.9%
200640.1226.06%
200512.3-176.65%
2004-16.1958.58%
2003-1.52-114.39%
200210.5-97.79%
2001477

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.