P/E ratio for Sany Heavy Industry (600031.SS)
P/E ratio as of April 2024 (TTM): 30.7
According to Sany Heavy Industry's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.7119. At the end of 2022 the company had a P/E ratio of 31.3.
P/E ratio history for Sany Heavy Industry from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 31.3 | 95.86% |
| 2021 | 16.0 | -16.06% |
| 2020 | 19.0 | 52.64% |
| 2019 | 12.5 | 22.33% |
| 2018 | 10.2 | -69.43% |
| 2017 | 33.3 | -85.42% |
| 2016 | 228 | -97.57% |
| 2015 | > 1000 | 8659.52% |
| 2014 | 107 | 536.85% |
| 2013 | 16.9 | 19.34% |
| 2012 | 14.1 | 28.36% |
| 2011 | 11.0 | -47.42% |
| 2010 | 20.9 | -28.91% |
| 2009 | 29.4 | 73.93% |
| 2008 | 16.9 | -50.3% |
| 2007 | 34.0 | 24.64% |
| 2006 | 27.3 | 85.33% |
| 2005 | 14.7 | 16.85% |
| 2004 | 12.6 | -27.62% |
| 2003 | 17.4 |
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.