P/E ratio for Prosperity Real Estate Investment Trust (0808.HK)
P/E ratio at the end of 2022: 39.7
According to Prosperity Real Estate Investment Trust's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3978. At the end of 2022 the company had a P/E ratio of 39.7.
P/E ratio history for Prosperity Real Estate Investment Trust from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.7 | -48.63% |
| 2021 | 77.2 | -1960.62% |
| 2020 | -4.15 | -129.6% |
| 2019 | 14.0 | 114.88% |
| 2018 | 6.52 | -0.2% |
| 2017 | 6.54 | -15.9% |
| 2016 | 7.77 | 34.1% |
| 2015 | 5.80 | -26.88% |
| 2014 | 7.93 | 79.42% |
| 2013 | 4.42 | 48.09% |
| 2012 | 2.98 | 70.4% |
| 2011 | 1.75 | -50.97% |
| 2010 | 3.57 | -11.94% |
| 2009 | 4.05 | -190.28% |
| 2008 | -4.49 | -176.63% |
| 2007 | 5.86 |
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.