P/E ratio for Shanghai Pudong Development Bank (600000.SS)
P/E ratio as of April 2024 (TTM): 5.96
According to Shanghai Pudong Development Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.96423. At the end of 2022 the company had a P/E ratio of 4.70.
P/E ratio history for Shanghai Pudong Development Bank from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.70 | -10.8% |
| 2021 | 5.27 | 2.26% |
| 2020 | 5.15 | -18.83% |
| 2019 | 6.34 | 21.64% |
| 2018 | 5.22 | -23.78% |
| 2017 | 6.84 | 1.52% |
| 2016 | 6.74 | -1.71% |
| 2015 | 6.86 | 10.18% |
| 2014 | 6.22 | 44.74% |
| 2013 | 4.30 | -20.76% |
| 2012 | 5.43 | -6.68% |
| 2011 | 5.82 | -24.83% |
| 2010 | 7.74 | -41.95% |
| 2009 | 13.3 | 122.48% |
| 2008 | 5.99 | -85.89% |
| 2007 | 42.5 | 52.93% |
| 2006 | 27.8 | 86.08% |
| 2005 | 14.9 | 5.09% |
| 2004 | 14.2 | -46.06% |
| 2003 | 26.3 | -5.08% |
| 2002 | 27.7 |
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.