OneConnect
OCFT
#6001
Rank
$0.27 B
Marketcap
$6.69
Share price
-1.33%
Change (1 day)
312.96%
Change (1 year)

P/E ratio for OneConnect (OCFT)

P/E ratio as of February 2023 (TTM): -1.51

According to OneConnect's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.50711. At the end of 2021 the company had a P/E ratio of -0.4684.

P/E ratio history for OneConnect from 2019 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-0.4684-86.75%
2020-3.53144.92%
2019-1.44

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-1.51 0.00%๐Ÿ‡จ๐Ÿ‡ณ China

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.