P/E ratio for Shanghai Airport (AVINEX) (600009.SS)
P/E ratio as of May 2024 (TTM): -29.1
According to Shanghai Airport (AVINEX)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -29.1207. At the end of 2022 the company had a P/E ratio of -40.9.
P/E ratio history for Shanghai Airport (AVINEX) from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -40.9 | -29.76% |
| 2021 | -58.3 | -49.15% |
| 2020 | -115 | -479.94% |
| 2019 | 30.2 | 31.76% |
| 2018 | 22.9 | -2.82% |
| 2017 | 23.6 | 29.73% |
| 2016 | 18.2 | -19.39% |
| 2015 | 22.5 | 25.19% |
| 2014 | 18.0 | 21.93% |
| 2013 | 14.8 | -2.84% |
| 2012 | 15.2 | -3.17% |
| 2011 | 15.7 | -12.61% |
| 2010 | 18.0 | -62.89% |
| 2009 | 48.4 | 94.93% |
| 2008 | 24.8 | -41.94% |
| 2007 | 42.8 | 77.93% |
| 2006 | 24.0 | 20.13% |
| 2005 | 20.0 | -11.6% |
| 2004 | 22.6 | -20.57% |
| 2003 | 28.5 | 36.03% |
| 2002 | 20.9 |
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.