P/E ratio for Ping An Insurance (601318.SS)
P/E ratio as of October 2023 (TTM): 8.25
According to Ping An Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.24591. At the end of 2021 the company had a P/E ratio of 8.74.
P/E ratio history for Ping An Insurance from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.74 | -17.6% |
| 2020 | 10.6 | 3.82% |
| 2019 | 10.2 | 11.42% |
| 2018 | 9.17 | -34.64% |
| 2017 | 14.0 | 38.54% |
| 2016 | 10.1 | -15.64% |
| 2015 | 12.0 | -18.71% |
| 2014 | 14.8 | 28.78% |
| 2013 | 11.5 | -33.8% |
| 2012 | 17.3 | 25.7% |
| 2011 | 13.8 | -42.61% |
| 2010 | 24.0 | -16.86% |
| 2009 | 28.9 | -90.09% |
| 2008 | 291 | 496.87% |
| 2007 | 48.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 China Life Insurance 601628.SS | 17.6 | 114.01% | 🇨🇳 China |
 Manulife Financial MFC | 8.33 | 1.06% | 🇨🇦 Canada |
 Prudential PUK | N/A | N/A | 🇬🇧 UK |
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.