P/E ratio for Shenzhen Inovance (300124.SZ)
P/E ratio as of April 2024 (TTM): 34.2
According to Shenzhen Inovance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.1542. At the end of 2022 the company had a P/E ratio of 42.4.
P/E ratio history for Shenzhen Inovance from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 42.4 | -15.37% |
| 2021 | 50.1 | -56.61% |
| 2020 | 115 | 45.65% |
| 2019 | 79.2 | 85.68% |
| 2018 | 42.7 | -35.29% |
| 2017 | 66.0 | 27.61% |
| 2016 | 51.7 | -25.54% |
| 2015 | 69.4 | 34.76% |
| 2014 | 51.5 | -15.72% |
| 2013 | 61.1 | 41.21% |
| 2012 | 43.3 | -15.67% |
| 2011 | 51.3 | -38.36% |
| 2010 | 83.3 |
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.