P/E ratio for Ping An Bank (000001.SZ)
P/E ratio as of April 2024 (TTM): 4.00
According to Ping An Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.99792. At the end of 2022 the company had a P/E ratio of 5.98.
P/E ratio history for Ping An Bank from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.98 | -37.21% |
| 2021 | 9.53 | -31.04% |
| 2020 | 13.8 | 29.33% |
| 2019 | 10.7 | 61.56% |
| 2018 | 6.61 | -35.38% |
| 2017 | 10.2 | 48.4% |
| 2016 | 6.89 | -10.3% |
| 2015 | 7.69 | -16.15% |
| 2014 | 9.17 | 39.18% |
| 2013 | 6.59 | 7.22% |
| 2012 | 6.14 | -2.68% |
| 2011 | 6.31 | -23.65% |
| 2010 | 8.27 | -45.04% |
| 2009 | 15.0 | -68.2% |
| 2008 | 47.3 | 57.04% |
| 2007 | 30.1 | 41.54% |
| 2006 | 21.3 | -44.61% |
| 2005 | 38.4 | -11.75% |
| 2004 | 43.5 | 11.74% |
| 2003 | 39.0 | -40.31% |
| 2002 | 65.3 |
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.