Ganfeng Lithium
002460.SZ
#1753
Rank
S$12.68 B
Marketcap
$6.94
Share price
2.00%
Change (1 day)
-7.15%
Change (1 year)

P/E ratio for Ganfeng Lithium (002460.SZ)

P/E ratio as of December 2024 (TTM): 3.68

According to Ganfeng Lithium's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.68126. At the end of 2022 the company had a P/E ratio of 6.83.

P/E ratio history for Ganfeng Lithium from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.83-82.48%
202139.0-69.39%
20201275.98%
2019120556.6%
201818.3-49.52%
201736.2-13.88%
201642.1-77.26%
2015185194.56%
201462.836.71%
201346.09.48%
201242.0-27.2%
201157.7-41.75%
201099.0

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.