P/E ratio for Ping An Insurance (601318.SS)
P/E ratio as of April 2024 (TTM): 6.98
According to Ping An Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.97539. At the end of 2022 the company had a P/E ratio of 9.79.
P/E ratio history for Ping An Insurance from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.79 | 12.08% |
| 2021 | 8.74 | -18.74% |
| 2020 | 10.8 | 5.68% |
| 2019 | 10.2 | 10.99% |
| 2018 | 9.17 | -34.64% |
| 2017 | 14.0 | 38.14% |
| 2016 | 10.2 | -15.68% |
| 2015 | 12.0 | -20.34% |
| 2014 | 15.1 | 28.94% |
| 2013 | 11.7 | -34.52% |
| 2012 | 17.9 | 30.46% |
| 2011 | 13.7 | -43.81% |
| 2010 | 24.4 | -16.23% |
| 2009 | 29.1 | -78.08% |
| 2008 | 133 | 172.38% |
| 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 | 14.2 | 103.62% | 🇨🇳 China |
 Manulife Financial MFC | 11.1 | 59.02% | 🇨🇦 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.