Shanghai Commercial and Savings Bank
5876.TW
#2061
Rank
$7.31 B
Marketcap
$1.51
Share price
0.52%
Change (1 day)
-1.31%
Change (1 year)

P/E ratio for Shanghai Commercial and Savings Bank (5876.TW)

P/E ratio as of March 2024 (TTM): 12.5

According to Shanghai Commercial and Savings Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4816. At the end of 2022 the company had a P/E ratio of 13.2.

P/E ratio history for Shanghai Commercial and Savings Bank from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202213.2-11.26%
202114.97.42%
202013.8-8.09%
201915.126.24%
201811.96.32%
201711.2

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.