According to Shenzhen Bingchuan Network's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.6491. At the end of 2022 the company had a P/E ratio of 29.2.
Year | P/E ratio | Change |
---|---|---|
2022 | 29.2 | -161.28% |
2021 | -47.6 | -208% |
2020 | 44.1 | 57.78% |
2019 | 27.9 | -13.26% |
2018 | 32.2 | -38.31% |
2017 | 52.2 | -17.45% |
2016 | 63.2 |
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.