P/E ratio for Ourpalm (300315.SZ)
P/E ratio as of April 2024 (TTM): 65.9
According to Ourpalm's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 65.9163. At the end of 2022 the company had a P/E ratio of 80.3.
P/E ratio history for Ourpalm from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 80.3 | -859.57% |
| 2021 | -10.6 | -124.81% |
| 2020 | 42.6 | -10.28% |
| 2019 | 47.5 | -1632.75% |
| 2018 | -3.10 | -106.13% |
| 2017 | 50.5 | -1.53% |
| 2016 | 51.3 | -20.58% |
| 2015 | 64.6 | 31.89% |
| 2014 | 49.0 | -62.86% |
| 2013 | 132 | 222.56% |
| 2012 | 40.9 |
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.