P/E ratio for Ping An Bank (000001.SZ)
P/E ratio as of September 2023 (TTM): 4.68
According to Ping An Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.68368. At the end of 2021 the company had a P/E ratio of 9.72.
P/E ratio history for Ping An Bank from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.72 | -29.11% |
| 2020 | 13.7 | 27.46% |
| 2019 | 10.8 | 62.74% |
| 2018 | 6.61 | -35.38% |
| 2017 | 10.2 | 48.4% |
| 2016 | 6.89 | -11.12% |
| 2015 | 7.76 | -13.43% |
| 2014 | 8.96 | 41.95% |
| 2013 | 6.31 | 6.01% |
| 2012 | 5.95 | -5.66% |
| 2011 | 6.31 | -23.07% |
| 2010 | 8.20 | -45.51% |
| 2009 | 15.1 | -68.3% |
| 2008 | 47.5 | 58.83% |
| 2007 | 29.9 | 38.47% |
| 2006 | 21.6 | -36.42% |
| 2005 | 34.0 | -23.12% |
| 2004 | 44.2 | -17.38% |
| 2003 | 53.5 | 12.92% |
| 2002 | 47.4 |
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.